Factors to be considered before buying a Health Insurance Policy

Buying a health insurance tops our to-do list. It not only secures your life but also protects your family. The unexpected and untimely burdens of soaring medical expenses can be controlled trough a proper health insurance. Now days a bulk of health insurance companies have entered the market and are offering customized health insurance plans. In India approx 22 insurance companies are selling health insurance products. However while choosing the best health insurance plan budget should not be your primary concern. The best health insurance plan might not be the cheapest but is sure to give you a wider coverage. A list must be made before comparing health insurance online. The best health insurance must have the certain add-on which will prove to be beneficial for its customers.

The coverage of a health insurance plan is usually of two types. The quotes are divided according to that. The best health insurance plans will provide facility for both. However it is wiser to get a family floater plan as al the, members of your family are at risk of suffering health issues. The best health insurance plans will surely guide you towards effective use of your investments. With the availability of online portals you can now compare the health insurance online. Choosing the best health insurance has never been easier.

The sum assured should be reasonable. Keep in mind that most insurance companies put limit on Hospital Room Rent @ 1% of sum insured. It means if Rs 3, 00,000 is the sum assured then Rs 3,000 per day will be permitted under the head of room rent. If you are staying in a hospital for 6 days and room rent is Rs 7,000 per day then you will pay Rs 4,000 x 6 = Rs 24000 out of your own pocket. The best health insurance will chalk out their policies with the sole intention of serving the customers. However it is very important to go through the terms and conditions provided by the company. You can easily avail them through the online portals.

Renewing your medical insurance policy is very important. The best medical insurance provider will give the option of lifetime renewal. Also some of the companies provide the option of online renewal. Which is hazel fee and cent percent secure 

In a couple of policies, some percentage of claim amounts is to be paid by an individual. Co Payment should be looked upon as it will be a crucial part of your health insurance policy.

Most companies give No Claim Bonus in the form of cumulative Bonus (5% to 10%) subject to limit of say 50 %.  The best health insurance policies handle no claim bonus issues carefully along with offering attractive discounts, add-on covers to cut the premium cost which is profitable for the insurance holder. A discount percentage is offered for online purchases the process is much more convenient and time effective. When you buy renew or pay for a policy online, the policy is generated instantly.