Here are the parameters based on which you can compare health insurance plans and choose the one which suits best according to your needs and health requirements.
Type of Health Insurance Policies
There are many health insurance policies available in the market from personal health insurance, family floater plans to senior Citizen plans. You need to compare them before finalizing the best one that meets your medical requirements. Each of the health insurance plans has its benefits, once you select the type of policy, you can start searching for a similar health insurance policy from various insurance companies.
When you compare various health insurance companies, you will get to know the services offered by them. You can also read the reviews and user experiences of each of the insurance companies that are available on social media. Another point, one can check is the features mentioned in a policy document as per the terms and conditions of the insurance policy. An ideal insurer will offer a quick turnaround time on your claims and queries. Always prefer to choose an insurance company that will effectively address your queries and helps you at the time of making a claim.
One of the major benefits of health insurance is getting financial support in case of hospitalization. It is important to note and check whether you can avail of the cashless treatment at the time of getting hospitalized in a network hospital or not. This is possible only when your insurance company and hospital are working in coordination with each other. So, choose the insurance company that has many network hospitals as it makes it easier for you in case of an emergency. Thus, compare health insurance from insurers based on this parameter.
All health insurance policies with no sub-limit are generally preferred over policies with a limit. But in case, you have a requirement of the type of policy which has sub-limit, be sure to select the one with higher limits. Sub-limit is usually applicable to room rents, doctor visits, bed charges, etc. Your insurer will bear daily charges as per your sub-limit. If the charges exceed, you will have to bear the difference. So, always compare different Mediclaim policies based on their sub-limit.
Maximum Renewal Age
A health insurance policy can go for renewal up to a certain age of the policyholder. Age should fall between 70-80 years. So, always prefer that health insurance policy which has a feature of higher renewal age as there is a probability of facing severe health issues in your old age. Thus, compare health insurance policies based on the renewal age.
Pre and Post Hospitalization Expenses
It is one of the most significant factors that need to be considered at the time of choosing a health insurance policy. Always prefer to choose a health insurance plan that covers both pre and post-hospitalization expenses. You should buy a policy that provides maximum financial support for these treatments.
A health insurance act as a strong financial back up at the time of medical emergencies, some situations or illnesses might not cover under that health insurance plan. So, to deal in such scenarios, insurer put a clause of a waiting period for certain types of medical conditions like pregnancy or pre-existing diseases. Always go for health insurance plans that have a minimum waiting time so that you can get a cover for such conditions as soon as possible.
By making comparisons of various Mediclaim policies, one can easily find a plan that provides maximum financial support in times of need. However, this does not imply that you pay a hefty price to secure your trips to the hospital. Comparing health insurance policies will help you find an ideal policy that is affordable and provides maximum coverage.
Comparing various health insurance plans, you can easily find an affordable policy and under this process, you come across with various products that offer extensive features and enables you to buy a policy with suitable and useful coverage.