Top Reasons To Compare Health Insurance Before Buying


It’s no secret that quality healthcare is costly. With the right health insurance policy, you can sail through any adversity related to your health. The health insurance plans offer various benefits, including cashless hospitalisation, pre-and post-hospitalization coverage, plus annual health check-ups. Besides, it is also a tax-saving investment. Thus, health insurance is an influential component of your financial portfolio. 

Before choosing, it is essential to compare health insurance plans. The following are top reasons to consider doing so: –

1. For Affordable Premiums 

Affordable health insurance is a fundamental factor to consider when purchasing a policy. Be it for individuals or the whole family, the premium of your health insurance is a determining factor. Your policy premium depends on your financial flexibility and healthcare needs. 

2. To get the best plan that fulfils your needs 

There are several health insurance plans available, each with its features and benefits. By comparing insurance plans, you will be able to channel your requirements and pick the right one for you. You shouldn’t go by an advertisement claiming to offer the best policy out there since each policy is unique. 

3. For Informed Decision Making 

Comparison will allow you to learn a lot about health coverage provided by each policy. Additionally, you’ll gain insight into the significant factors like the waiting period, claims process, inclusions and exclusions, and more. You will be able to make an informed decision if you keep all of these things in mind. 

4. To learn More About Additional Benefits 

In addition to the standard features, healthcare plans often have unique features. For example, many policies cover alternative medicine treatments. If you compare insurance plans, you can comprehend the benefits you can derive from some otherwise unnoticeable coverage points. 

Once you have determined your priorities and received all of your options, there are a few things you should look for before buying health insurance:

  • Identify Critical Illnesses: 

The term “critical illness” describes numerous medical conditions such as cancer, stroke, heart attack, and kidney failure. During the past decade, critical illnesses have increased in India. As a result, the plan must cover the hospitalisation and treatment costs of these diseases as well. 

  • Check out the reviews: 

Customer reviews on health insurance providers’ pre-and post-sales services and their claim settlement efficiency can be found online. These online reviews can help determine the quality of the health insurance provider. 

  • Network hospital list: 

Under the terms of a health insurance policy, cashless treatments are only available at network hospitals. For that reason, it is vital to check the list of network hospitals before buying a plan. You should watch out for networks of hospitals that are easily accessible. 

  • Renewal of Sum Insured: 

An individual can encounter hospitalisation that might exhaust the amount of their insurance coverage. One of the policies’ features that allows recharging the sum insured once during the policy term can significantly help. An insurance feature, such as ‘recharge of sum insured’, can be very helpful in this kind of situation.

  • Lifetime Renewal: 

With lifelong renewability, you can continue to use your policy without age restrictions. For hassle-free coverage and low premiums, choose the policy that offers this feature. Your policy will be renewable forever, so you won’t have to worry about getting older and losing coverage.

  • The waiting period:

In most cases, health insurance does not cover pre-existing health conditions from the start. Before that, there’s a waiting period. A waiting period applies to various illnesses, pre-existing conditions, and maternity expenses, among others. 

  • The Sub-Limit:

The term refers to pre-defined caps on the cost for treating specific diseases, hospital room rent, and others. You should look for the best benefit possible!

  • Optional add-ons:

Add-ons are another way to enhance the coverage of the policy. Some of the unique add-ons provided by insurance companies include COVID Care, OPD coverage, a reduction in wait times, unlimited automatic recharges, etc. Make an informed decision by getting more information about these add-ons.  

Most health insurance companies offer a comprehensive array of health insurance plans, including plans for families, seniors, and critical illness coverage. The benefits of health insurance make it an essential part of one’s financial portfolio. Health insurance comes in many different forms. Your best option must be the one that meets your needs. So, make sure you and your loved ones are protected with the best insurance. 

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