Buying an insurance policy has become one of the most important financial decisions one must take. Given the fast-paced hectic lives, having adequate health insurance that will protect you from the pitfalls of ill-health is mandatory. However, the task of choosing one can prove quite daunting, because the market has a host of companies and policies to offer.

 

A detailed review of your health, finances and lifestyle is the best way to choose a plan that would be most suitable. If all this seems too much to handle, get in touch with an expert like Bajaj Allianz General Insurance, who will do all the leg work for you, giving you the freedom to enjoy the benefits without much hard work.

 

Best Health Insurance Plans

Making an informed choice is the key to an appropriate insurance plan. Compare health insurance plans to land on the best one that suits you. So what should you be looking for?

1. Coverage range

Check whether the plan goes beyond the usual benefits of doctor’s fees, hospitalization charges, ambulance costs, etc. Some plans also support alternate treatments, maternity cover, etc. Look for a plan where the list is detailed and comprehensive, so that it covers all your medical needs.

1. Exclusions

This is the most important aspect to check for. Everything that a plan excludes will have to be paid for from your side. This makes it even more critical to know exactly what they are. Some standard exclusions are pre-existing illnesses, dental or cosmetic surgeries, birth defects, etc. Illnesses that occur just before buying the insurance might also be excluded. Always check the waiting period for your policy. The best health insurance plans have shorter waiting periods, which is most beneficial for the insurer.

1. Perks like discounts and No Claim Bonus (NCB)

Some of the best health insurance plans offer attractive discounts. If more than one family member is included in a cover, then some plans have the provision of lesser premium amounts, which can be availed if paid as a lump sum for the next few consecutive years.

NCB on the other hand, is a bonus against a policy that has not been claimed. A cumulative bonus increases the coverage and is beneficial for the insurer in the long run.

1. Settlements

Claim settlements can be done in 2 ways; cashless facility or reimbursement. Reimbursement means that the customer will have to pay for the treatment and then claim the amount later, whereas cashless treatments keep the financial burden at bay. It is advisable to check for the cashless facility option before settling in on a health insurance.

1. Hospitals

Continuing from the previous point, even though cashless facility is the best way to go, this benefit can be availed only if the insured is admitted in one of the hospitals listed in the policy. Check if the hospital in your vicinity or the one with specialized treatment is part of the policy list.

 

Lastly and most importantly, the reputation of the company is of utmost importance. Hence, companies like Bajaj Allianz Health Insurance offer quick settlements, in-house health team and attractive perks that makes us stand out in the list.

 

Premium calculations are dependent on a number of factors like the age of the insurer, current health status, medical history, gender, occupation, location, height & weight, lifestyle habits (smoking, tobacco, alcohol consumption) and physical activities. All of these put together result in the premium amount you ultimately pay. Hence, use health insurance premium calculator before you make a move.

 

We do hope this has given you a good idea of what you should be looking for in an insurance plan. There are a lot of portals that allow you to compare health insurance policies, so you can check all the parameters and choose. Embrace health, not worries!