Having a health plan is a must, but not every plan will suit your budget. To find a health policy that meets your requirements and is also affordable is a challenge in itself. There are various insurance providers offering you lucrative deals on numerous plans and it is your job to spend some time in understanding your needs so you can select the best plan for you and your family.
A quick run through a few things that you can keep in mind while making your decision:
The younger and healthier you are, the lower is your requirement for a massive health coverage. Therefore, try going for a medical cover that justifies your requirements instead of opting for too high a cover that you won’t need. This will help in keeping premiums to the minimum.
2. Plan According to Family
If you’re young with only spouse and young kids to take care of, a family floater policy will work wonders for you in giving you higher coverage with other benefits at a low premium. But if you have older members to take care of as well along with family members having pre-existing diseases, then it is beneficial to go for individual plans to keep premium in check. The best health insurance in India will be the one that works out the best deal for you at the lowest possible premium.
There are simple health plans and then the insurance companies offer you various add-ons and riders to provide you extra coverage. Of course, these results in a higher premium. Analyze your needs and only buy the add-ons that are absolutely necessary.
4. Top Ups and Super Top Ups
A top up or a super top up kicks in after your existing health coverage is exhausted. Therefore, instead of buying a health plan with a huge cover amount with high premium, it is better to buy a top up or super top that gives you additional cover at low premiums.
5. Compare Health Insurance Plans
It is of utmost importance to compare various health plans available in the market before making your decision. Due to heavy competition, there are insurance providers who offer discounts or lower premiums while maintaining the same level of benefits.
6. Purchase Online
Rather than buying a health plan from an agent/broker, it is advisable to buy them online. Not only it saves time and money, it also helps you to understand the product in detail so that you make a well-informed decision. The premiums are comparatively lower than offline products due to lower administrative charges and zero agent commission. This is the most sensible way to buy the best health insurance in India without having to leave the comforts of your home.
These are just some of the important points to be considered that can go a long way in reducing the burden of health insurance premiums while still keeping you adequately covered. Do basic research, compare health insurance plans, understand the terms and conditions and select the one that offers you great benefits at lowest possible cost!
Get the right medical cover for you and your family, now!