BEST DEALS ON HEALTH INSURANCE
With growing medical inflation, buying the best health insurance has become a need for every individual. Though there are various platforms that offer you to compare the various plans according to your needs, never commit blunders in your decision amidst all the hustle and bustle. Relax and sketch in mind what you really need and how truthful you are about your medical history.
Avoiding the following mistakes would help you to come up with some of the best deals on health insurance.
It is the cost that the policyholder pays towards the insurer that plays a significant role in deciding which one to choose for. But just because you needed to save up an amount and taking up the low coverage plans might lead to what we call ‘insufficient coverage’. Though cost paid is the deciding factor, never stick to it alone.
Never ever take this opportunity for granted with the thought that you will be able to come up with the required solution at times of emergency. Do not hesitate to choose those plans that provide helpful cashless hospitalization feature.
Don’t be over-insured or underinsured
Having additional riders are of no use if you aren’t in need of them. This can only make you over-insured and nothing else. So choose according to your needs. Similarly, never be underinsured too.
Get insured early
Try to buy the best health insurance for you and your family at an early stage of life. Many companies in such cases provide the buyer with a low premium as a bonus. Buying a health insurance plan at an older age can increase the amount of the premium and your waiting period might also increase in some cases.
Few things you need to know about health insurance.
You can easily buy health insurance at your fingertips if you know about some smart tips that will enable you to choose only the best-fit health insurance for you and your whole family. Don’t ponder over thousands of questions related to health insurance. Just scroll down your answer on Coverfox.com.
- Sum Insured
It is nothing but the maximum coverage amount one can get in a policy year. Sum insured is one such feature that forms the basis of all the policies. Considering the increasing costs of medicines and hospitalization should be kept in mind while deciding on the sum Insured. It’s better to choose a higher cover but not in such case where you are forced to dig up money for paying the premium.
- No claim bonus -NCB
Insurers tend to extend NCB in cases where there is no claim in the preceding year by the policyholder.
These include the illnesses, whose medical cost won’t be met by the insurer. The exclusions will be specified in the prospectus and the policyholder should go through the names of diseases that come under exclusions to avoid confusions in the near future.
- Top Up plans
Medical costs are soaring high day by day. And this, in turn, calls up for choosing high coverage. But that isn’t affordable to many and that’s where Top-Up plans come into action. This feature reduces the cost of deductibles which is basically the amount the insured (you) pay before the insurer to heads to pay.
- Free-Check Ups
Most insurers provide free health check-ups. Though the term free is included, you actually pay for it and is included in the premium. Go for such features only if you are keen enough to get such features every year. And also make sure that the policy is renewed every year which gives coverage for the entire life and not just to 75-80 years of age.
Lost cost Health Insurance Plans
The ever-increasing medical costs and the number of lifestyle diseases have urged people to take up a health insurance plan. A low-cost health insurance plan that could come with required health cover is a need of the hour for many.
- Group insurance plan is one such affordable and low-cost health insurance plan. These are mainly provided by the employer to their employees. But unfortunately, the plan becomes invalidate the moment the employee leaves the job. So people are in search of one such policy that asks for a low premium but with a maximum coverage.
- Many health insurance companies in India have come up with plans that are affordable to the one who is seeking for a low insurance plan. Individual plan, family plan, senior citizens plan, travel plan, accident plan etc. are a few to be named. Apollo Munich Health Care Insurance is one such example.
- Bajaj Allianz, Star Health Insurance, Religare are examples of other insurance companies that provide low-cost best health insurance plans.
Choose wisely and grab a plan that suits your needs fast on Coverfox.com! After all, best health insurance is all that you need for the security of your family in this 2018.