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There are innumerable health insurance plans floating in the market, and one can be quite puzzled leading to an unprofitable purchase without proper knowledge and guidance. Below mentioned are certain tips which will surely help you to know the right criteria while choosing your health insurance plan. Compare prices and features online before buying The biggest advantage the online platform offers you is the ability to make any purchase decision in a simple and convenient manner and also help in comparing the price quotes from different companies. Opt for a Family Floater policy Floater means that a single Sum Insured can cover all members in the single health insurance policy and the sum assured is available to any one member or to all members in case of any eventuality during the term of the policy. Be an early bird It is always advisable to be an early bird, since most of the health insurance companies do not ask for medical test if you are below 45 years of age. You can also get the opportunity to overcome the time limit of pre-existing diseases, if any. Read the policy document Look at the policy features to find out what is covered and not and make sure that the coverage of the chosen health insurance policy meets your requirement. Cashless tie up A good health insurance company will have cashless tie ups with most of the renowned hospitals. However, do not make the mistake of choosing a policy simply because it has a cashless tie up with your neighboring hospital. You can always go for reimbursement with a good hospital with any policy. Information is necessary Consult with your friends and family members on the claim settlement history of a company before you take the final call of purchasing the health insurance policy. Truth is always helpful Never hide any information from the insurer. Most of the claims get repudiated due to non-disclosure of several facts. A simple calculation Calculate your sum insured based on the medical expenses made by you in the past three years and also if you suffer from any pre-existing disease. With the rise of medical costs every year, be intelligent enough to go for a higher sum insured. Look out for critical illness policy The 'critical illness' policy generally comes as an optional cover with health insurance or can be purchased separately. Critical illness health insurance pays benefits on the diagnosis of certain specified critical illnesses. Make sure you exercise regularly and follow healthy eating habits. Remember the saying, ‘prevention is better than cure' and work accordingly. Avoid smoking or drinking in excess. Maintaining your health and eating habits will definitely prevent you from visiting hospitals often. It is very essential to have a travel insurance policy. Author Pranav Sharma is an experienced insurance professional and widely read expert on general insurance based in Mumbai. Pranav helps readers opt for best health insurance policy in India.
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