Trouble finding the best individual health insurance policy? Here are 9 helpful tips
Choosing the right kind of health insurance plan can be a very serious decision for people because this is true wealth and will always provide the people with proper peace of mind and a sense of security not only for themselves but also for other family members. Many people purchase health insurance with the sole motive of saving the tax liability but ultimately they fail to consider the importance of purchasing a comprehensive medical or health insurance plan. Hence, at the time of purchasing the individual health insurance policy, it is very much important for the people to consider different kinds of tips and tricks and the following are the points to be considered in the whole process:
- It is very much important for the people to have health insurance even if the company is providing them with the corporate group cover because there might be a possibility that corporate cover will be stopped once they will leave the job or retire from the company but on the other hand having an individual health insurance plan is a good idea to ensure proper security.
- At the time of selecting the sum insured the individuals need to keep total cost in mind and this will always depend upon the type of city in which they are living. With several kinds of advantages being accumulated in the old plan might be transferred to the new plan which is the main reason that individuals also need to remember that increasing their health cover from time to time by taking into consideration the medical inflation is a good idea.
- The individuals must purchase the health coverage as early as possible in life because they will be making the fewer amount of claims in the early stages of life which will provide them with the complete benefit of no claim bonus and will help in adding up to the original coverage every time where there will be no claim.
- It is very much advisable for the people to purchase health coverage that will provide them with the lifetime renewability option because the very basic aim is to have a comprehensive health cover at an older age when there will be several kinds of ailments and that protection will only be possible if the policy is offering the lifetime renewing capability.
- It is very much important for people to never purchase health insurance that has a claim loading because if they get a critical illness that requires long-term cure then with a claim loading the premiums will keep on increasing which will soon become very much unaffordable which is the main reason that individuals must avoid falling into this particular type of trap.
- Purchasing a policy that provides the people with the opportunity of restoring the limit of super top-up is also a good idea so that sum insured can be utilised perfectly. This will act as the buffer to cover some of the unforeseen critical illness which can be very much costly to manage like cancer. So, it is very much important for people to have the option of re-storing the limit in the health insurance.
- One must always depend upon purchasing the insurance through a reputed insurance broker for example Care insurance because they will come with the best possible ability to provide the people with claims. In the cases of any kind of situation, the people themselves will not be in the position to fight with the insurer if the claim will be rejected without proper justification which is the main reason that one must always depend upon the most reputed companies rather than going with the non-popular ones. Further, it is very much important for people to compare different kinds of plans available and study the features of every available plan perfectly so that one has the best possible ability to get the claim whenever required.
- It is highly advisable for people to never lie or hide the information in the application form because if they have any kind of problem then it should be clearly stated. After all, this is the only thing that will allow people to enjoy the long run without any kind of hassle.
- Being clear about the waiting period for the pre-existing ailments is very much important and it is always advisable to opt for that company that comes with a minimum waiting period because some companies will provide the people with coverage of lifetime exclusions. All such companies must be excluded from the list of options.
It is also very much important for people to make a list of preferred hospitals where they are interested to get cured so that one can be assured of the cashless facility in all such cases. Hence, depending upon Care insurance for the individual health insurance policy is a great idea so that perfect decisions are always made and people can choose the best policy for themselves and their family members.