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Choose the best health insurance in 5 easy steps

Here are simple 5 ways explained to buy the best health insurance.

If you know that when you pay for medical treatment from an insurance company, you will get only half the amount compared to a company that offers cashless compensation, then you will definitely not choose such an option.

People often forget these important things when buying insurance. So when taking any policy, pay attention to the factors listed below.

Your needs

The same insurance policy that your neighbor has taken out will not work for you. Your policy will be tailored to the needs of your family. You need to know the number and age of your family members when deciding the policy. A young family may have a policy of Rs 5 lakh, but if the family has adult members, they should opt for a larger variable policy, experts say.

If the parents are very old, a separate policy should be taken for them without including them in the same policy. Also, care should be taken while covering childbirth with a health insurance policy. If you are planning to have a child within two years, a good reason to take the police without the cover of childbirth is because such a police has to wait a long time and its installment is almost double.

Limitations and Exceptions

Once you have chosen the type of policy according to your exact needs, take a look at the text printed in it and understand the limitations and exceptions of that policy ॰ All basic plans have sub-limitations for special treatment. E.g. Limit on hospital room rent.

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Normally, in a policy of Rs 5 lakh, the daily rent of a room is limited to 1% of the police. In the current situation, if you do not insist on a high quality room, you will get a private room in the hospital and you can take a high quality policy sub-limit without straining your equipment.

“If you prefer good rooms in a high-brow hospital, a plan with room sub-limit is not helpful.

“Th is is the view of Arvind Ladha, CEO, Vantage Insurance Broker. Considering the increase in currency in the health insurance scheme, the sub-limit of room rent will not be useful even for a hospital which is not very expensive.

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“Such limitations will also make it difficult to get private rooms. The rest of the expenses are related to the rent of these rooms, so the eligibility of your claim may be very low, ”said Mahavir Chopra, Director, Health Insurance and Personal Accidents, coverfox.com.

Here is Some health insurance companies list in india.

  • HDFC ERGO Health Insurance Company (formerly known as Apollo Munich Health Insurance)
  • Star Health and Allied Insurance Company Limited
  • Future Generali India Insurance Company Ltd
  • Bajaj Allianz General Insurance Company Limited
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  • ManipalCigna Health Insurance Company
  • National Insurance Company Limited
  • Iffco Tokio General Insurance Company Limited
  • New India Assurance Company Limited
  • Oriental Insurance Company Limited
  • Reliance General Insurance Company Limited
  • United India Insurance Company Limited
  • Royal Sundaram Alliance Insurance Company Limited
  • Tata AIG General Insurance Company Limited
  • Cholamandalam MS General Insurance Company Limited
  • HDFC ERGO General Insurance Company Limited

Insurance premium and plan

Experts are of the opinion that one should not focus on taking a cheap policy or even a policy that offers very different benefits. You need to make sure that any policy meets your needs. Many health insurance companies now offer a variety of premiums.

This may include expert opinion, vaccines, welfare benefits, and so on. “It is not beneficial to pay too much for the benefits you will never get,” said Shri. This is the opinion of Ladha. Also, it is not advisable to take an expensive policy just to save income tax. You can invest that amount in another suitable savings plan.

A chain of cashless hospitals

According to the Insurance Regulatory and Growth Authority of India, the sum of all ordinary claims for a single illness is only half the amount of non-cash compensation.

This information is usually available on the insurance company’s website. “Depending on the way you reimburse, you put a strain on your capital and in exceptional circumstances, the quality of treatment you choose may be affected,” he said.

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Antecedents of insurers

The experience of the insuring company, financial strength and service experience are important. “Insufficient claims by insurance companies can be annoying.” That is what Shri. It’s called a fight.

If possible, you should consider the amount of cash that the company has present – that is, the insurance company’s ability to make immediate claims – and the insurance companies’ collection of insurance premiums.

It is also important to consider how many years an insurance company has been in business.

“The expertise in the field of health insurance is reflected in the different insurance policies of that company. It’s best to choose a company that has a wide range of options. ” This is the opinion of Mr. Ladha.

Limitations and Exceptions

Once you have chosen the type of policy according to your exact needs, take a look at the text printed in it and understand the limitations and exceptions of that policy ॰ All basic plans have sub-limitations for special treatment. E.g. Limit on hospital room rent.

Advertisement

Normally, in a policy of Rs 5 lakh, the daily rent of a room is limited to 1% of the police. In the current situation, if you do not insist on a high quality room, you will get a private room in the hospital and you can take a high quality policy sub-limit without straining your equipment.

“If you prefer good rooms in a high-brow hospital, a plan with room sub-limit is not helpful.

“This is the view of Arvind Ladha, CEO, Vantage Insurance Broker. Considering the increase in currency in the health insurance scheme, the sub-limit of room rent will not be useful even for a hospital which is not very expensive.

“Such limitations will also make it difficult to get private rooms. The rest of the expenses are related to the rent of these rooms, so the eligibility of your claim may be very low, ”said Mahavir Chopra, Director, Health Insurance and Personal Accidents, coverfox.com.

Here is Some health insurance companies list in india.

  • HDFC ERGO Health Insurance Company (formerly known as Apollo Munich Health Insurance)
  • Star Health and Allied Insurance Company Limited
  • Future Generali India Insurance Company Ltd
  • Bajaj Allianz General Insurance Company Limited
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  • ManipalCigna Health Insurance Company
  • National Insurance Company Limited
  • Iffco Tokio General Insurance Company Limited
  • New India Assurance Company Limited
  • Oriental Insurance Company Limited
  • Reliance General Insurance Company Limited
  • United India Insurance Company Limited
  • Royal Sundaram Alliance Insurance Company Limited
  • Tata AIG General Insurance Company Limited
  • Cholamandalam MS General Insurance Company Limited
  • HDFC ERGO General Insurance Company Limited

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Abhijeet

Abhijeet is a member of Filmyupdates.xyz. He just loves Bollywood and writing on Bollywood gossips, etc are some of his hobbies. Lives in Pune, Maharashtra.