Why to Opt for an Affordable Health Insurance?

Health insurance sector has seen a massive growth recently; reason being high cost of living and

rising inflation. The youth today is very much aware and conscious of spending their hard earned

money judiciously. With multiple health insurance players in the market, there is a great option to

choose affordable health insurance as per need.

Individuals can choose an adequate coverage for their parents and dependants. Family including

spouse and up to two children can be gifted with good health. It would not only help you utilize your

hard-earned money in a constructive way but also save you from financial crunch in any medical

emergency.

Getting the best health insurance is not as easy as it may sound. Bear in mind the following factors

before settling for a health insurance plan and

provider:

Go for basic coverage: The purpose of

affordable health insurance is to get the benefit

of cashless hospitalisation. For years we have

been paying the consultation charges from our

own pocket and this much of expense is

affordable in long run too. Hence, avoid the

policy that provides unnecessary add-ons and

may end up end up increasing your premium

unnecessarily.

Compare features than comparing premiums:

Many a times we commit a mistake by comparing the premiums and overlooking the features of the

health insurance plan. The premium of health insurance plan may vary depending upon the extent of

coverage and facilities being offered. So, do read in detail about the features and then take a

decision.

Pay heed to renewal age: Health policy is generally required as we age. Hence, the age till when we

can renew the policy is of great importance. The policy that does not provide renewal option in later

stage of life must certainly be avoided as it would not

come to your rescue when you would most require it.

So, go through different policies and products and

finalize the one that offers lifetime renewal option.

Look out for treatment wise caps/limits: Most of the

best health insurance plans also put cap to the

maximum amount that you can claim if undergoing a

specific treatment. For example, it may be possible that

your policy covers you for Rs 5 lacs, but limits you to

avail cardiac treatment upto Rs 2 lacs only. Hence, be very sure to check the limits imposed on

availing treatment disease wise. This would help you know the real picture and financial status too.

More or less, all the affordable health insurance policies provide similar benefits but paying

attention to the above discussed plan would help you differentiate a good product from the bad

one. So, go ahead and make your purchase.