By Mashum Mollah
In a world where a pandemic is wreaking havoc across the globe, there’s now a renewed interest in getting health coverage among the masses. Today, if you do not have any standard health insurance policies, a 10-day hospital stay is enough to wipe out a significant amount of your life savings. So, what can you do to avoid that? Get health insurance policies. It is like an armor that protects your precious savings from being wiped out.
However, with so many health insurance plans available in the market, it’s only natural to get confused about which one you should buy for all-around protection. When searching for health insurance policies, many questions could cross your minds, such as should you buy an individual or a family floater plan? Should you get a critical insurance cover as well? Which is the best health insurance policy in India?
3 Things Which You Need To Look Before Getting Health Insurance Policies
If such questions have been plaguing your mind, you are at the right place because we will give you certain pointers that will help you choose the best health insurance policies in India.
1. Individual Vs. Family Floater Plans
As the name suggests, an individual plan health insurance policies only an individual, whereas a family floater plan is designed keeping an entire family in mind. Therefore, the type of plan you choose depends on whether you are looking to cover only yourself or your family too.
No matter which one you choose based on your requirement, make sure that you do thorough research before making the purchase to ensure 360-degree protection.
First off, there is no such thing as the best insurance plan. It all depends on individual needs and requirements, so one plan that’s best for someone else might not be the ideal choice for you.
2. Critical Insurance
Critical health insurance policies are a must in today’s day and age due to the constant looming threat of diseases triggered by our lifestyle. In case of an extended hospital stay due to a critical illness, this type of insurance cover will give you a lump sum amount that you can use to pay off both hospital bills as well as running day-to-day expenses.
It is not a substitute for the traditional health insurance policy but gives you added coverage for when you most need it. Therefore, always check with your insurer if it’s included in the plan as a rider, and if not, you should purchase one separately.
3. Claims Bonus
The best health insurance policy in India will most likely come with this benefit which gives you added coverage as a bonus for every claim-free year. This is a very big plus as normally you won’t make any claims during the prime of your life, and the added coverage which gets carried forward can be used towards the later stages in life where you might need more health coverage. Therefore, always check with your insurer if they offer the No Claim Bonus (NCB) benefit.
Care Health Insurance offers comprehensive coverage with their individual and family floater plans, which takes care of all hospital expenses, including the cost incurred on consumables, which is usually not covered under a lot of the other health insurance policies. It’s the best health insurance policy in India you can get as it also provides cover for futuristic procedures such as robotic surgeries and more traditional medicine such as Ayurveda, Unani, Siddha, and Yoga treatments.
Conclusion
Health insurance policies are the crucial investment that safeguards your family’s future by providing them with an inflation-free health cover and grants them access to the best medical care in India at an affordable premium that won’t pinch your wallet.
As a rule of thumb, always get insured with the best health insurance policy in India early on in life to overcome critical challenges and get the maximum benefits. This way, you will escape the higher premium costs at a later age for the same amount of coverage; therefore, the sooner you get insured, the better!
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