Things to Look in a Health Insurance

A health insurance plan has become an inevitable in today’s era of roof-shooting medical expenses. And if you still haven’t been considerate enough to buy yourself one right away; you are likely to dig a big hole in your pocket in situation of an emergency.

It is very important to understand the importance of health insurance but that isn’t all, making the right choice is equally important. There are many health insurance companies in India that bet to offer you the best in the market. However it is very important to know a few features for you to compare the many offerings from various health insurance policies.

Sub-limits on Room Rent

If a closed family member is hospitalised, there is an obvious expense of their treatment and their stay in the hospital. But under such circumstances, renting a room to be with your closed ones also needs to be counted. Generally health insurance plans provide about 1% of the amount insured for room rent. However there is no maximum amount allotted for the same. Therefore it is very important to look for such plans.

Pre-existing Diseases

Pre-existing disease refers to ailments you are infected to before buying any health insurance policy. They provide you with cover for such ailments from 2 to 4 years of purchasing them. Therefore it is very crucial to buy a policy that gives you cover for such circumstances and comes with a least number of waiting period.

Network Hospitalisation

Under this feature the hospital has a direct tie-up with the insurance company. This helps one to go cashless with their treatments. When looking for a policy it is very important to go for the one with maximum tie ups with hospitals.

Pre & Post Hospitalisation Expenses

As the name suggests, pre hospitalisation expenses are the ones incurred before hospitalisation whereas the latter is incurred post the hospitalisation. Generally a policy provides pre-hospitalisation cover for 30 days whereas the post hospitalisation comes with tenure of 60 days. You should look for policies that provide cover for maximum days.

No claim bonus

In the years if you don’t claim for a cover many insurance companies provide you with a no-claim bonus. This increases your cover amount as the bonus ranges from 10-15% of what is offered to your. So, you should always look for such features in a policy.

Exclusions

A health insurance policy is surely a relief that you have finally safeguarded yourself and your family from any future mishaps. However it is always advisable to go through all the documents thoroughly and get complete idea about the exclusions in order to avoid the moment of shock/surprise when you claim for the cover.