There is an old saying that all inventions are driven by necessity. This fact holds true for health insurance too. As the cost of health continues to rise in India accompanied by a stressful and deteriorating lifestyle pattern the need of health insurance services has never been felt this intensely before. Astonishingly, the government has made all the provision to extract maximum tax from the citizens but barring some government aided hospitals and medical centers the means of social security and health care is still inadequate.
Hence, it becomes the responsibility of the citizens to do the needful for ensuring the availability of financial assistance as far as the medical treatment is concerned. The best way around is to get the cover of a reliable health insurance policy. In contemporary times, there are several renowned insurance companies, which are offering different kinds of various and profitable health insurance plans in India effectively. When it comes to purchasing one, people often end up buying an erroneous one that does not provide them the assistance that they were looking for.
In this backdrop, it becomes important to understand the ins and outs of your insurance policy and make a well-informed decision.
Verify what your health insurance covers
Most of the health insurance plans that are available in the market provide you coverage against life-threatening diseases and hospitalization. This is usual. However, there are many plans that do not provide any coverage to specific ailments like diabetes and blood pressure. Further, you need to consider the scope of coverage too. There are many insurance plans that do not cover post-hospitalization expenses. The coverage period of most plans can vary between a week to 45 days.
The vested responsibility of checking these matters lies with you. Being over-dependent on the insurance agent is the last thing that you want to have. It can cost you dearly later on. Agents are driven by the motive of earning maximum commission from the sale of policies. Be on the guard as they may mislead you under the disguise of offering the best plan. So take every step with utmost caution.
Health insurance industry has witnessed significant development over the years and there are plenty of comprehensive plans. If you make the right choice, it can cater to your needs. Policyholders are in an advantageous position thanks to the availability of add-on riders that does provide cover from chronic diseases and permanent disability benefits.
Do they cover pre-existing conditions?
While purchasing health insurance plans you need to check whether they offer sufficient cover from pre-existing medical conditions. In case you are looking for a cover from the pre-existing medical condition you need to verify it at the earliest. Many websites compare insurance plans and you can take its assistance. Online chat options and taking help of their customer care can come in handy to make the right choice. The good news is there are certain plans that do offer coverage from pre-existing ailments under some conditions. Generally, the conditions are associated with the time-period under which pre-existing conditions are covered. However, the cost of such plans in comparison to the standard ones hinges on the higher side.
Does it provide cover to your immediate family members?
You will be happy to know that there are insurance companies whose policies do cover the holder’s family members too. The best way out is to opt for a family floater plan and get family members under the coverage of the plan that you intend to buy. Plans of this kind offer multitude of benefits. The premium associated with such plans can be a tinge higher, however, if you go about by purchasing different plans for family members the overall cost will be less.
Family floater plans are best for people who wish to get cost-effective deals. Often, people are apprehensive of a scenario where one member falls ill in the event that another ailing member has already consumed the coverage. There are solutions to this condition too. You can extend the coverage limit with a top-up during the tenure of the policy period. Yes, you have to shoulder the responsibility of paying some additional premium to get the coverage extended. But at Cover360 you will get premium benefits along with affordable insurance plans for everyone.