Health insurance has become essential for every individual due to the rapidly escalating medical care costs. Illness and injuries are an unavoidable facet of life and could occur without any warnings. Having a health insurance plan is crucial to ensuring that timely medical care is available without any delay. Medical crisis such as accidents and severe ailments can cause a serious financial setback unless you have a comprehensive healthcare policy that is capable of bearing all your medical expenditures. At present there are numerous health insurance policies available in the market to choose from. Which is why, there is an apprehensive approach towards health insurance. However, by adhering to the following tips, you can easily choose the best health insurance policy in India that befits your needs perfectly:
1.Consider your locality: The medical care costs can vary substantially from place to place. If you reside in a Metro City like Mumbai, New Delhi, Kolkata etc. the medical costs are bound to higher than that of small towns and villages. Therefore, choose the medical plan coverage according to your locality.
2.Ask for a free look-In: Most of the health insurance plans have a free look-in period. A free look in period is a trial period wherein you can ask for a money back if you are unsatisfied with the services of the company. The look in period can be as long as six weeks.
3.Start young: It is best to buy a health insurance plan when you are young and healthy. Most people consider the prospect of health insurance only when they are in their forties and fifties. This might prove risky as health problems increase with age and health insurance plans have a waiting period of 2- 3 years. Furthermore, buying medical cover at a young age will decrease the amount of insurance premium considerably.
4.Choosing the right category: You also need to reflect on choosing individual policies for all family members or a family floater policy that covers all members of the family. In case of a small nuclear family it is better to choose a family Health insurance plan rather than individual policy for each member.
5.Additional coverage: Most of the health insurance policies provide add on plans such as maternity cover, critical illness etc. that can be bought in addition to your existing policy. If you feel you are prone to certain kinds of illness, these add on options can be valuable.