How to Choose Affordable Medical Insurance Policy?

Having a health plan is a must, but not every plan will suit your budget. Finding 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 understanding your needs so you can select the best and most affordable medical insurance policy for you and your family.

Affordable Medical Insurance Policy

A quick run through a few things that you can keep in mind while making your decision:

1. Coverage

The younger and healthier you are, the lower is your requirement for 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, but whenever you are buying a medical policy, you have to check all the coverage that the plan provides you. Cause it’s coverage, that’ll provide you your claim as per your need, and coverage of the plan is a service that makes the plan unique and more attractive.

Simply, the coverage makes things possible in your worst time, and it’s a coverage of plan that you need to understand for your betterment.  We can customize the coverage of plan of our medical policy according to our needs and this is one of the best services that you will get with a medical policy.

2. Plan According to Family

If you’re young with only a 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.

Medical policy is just a basic need of everyone and if you are a man with a family then you are lucky cause with a single policy you can ensure your whole family. Protection of your family is your first priority, and providing them with a medical policy can make things different for you. No one knows about tomorrow, but we all want to secure our future, and ensuring the family with medical policy is a step that you are taking towards the future.

3. Riders

There are simple health plans and then the insurance companies offer you various add-ons and riders to provide you extra coverage. Riders with the plan are like a bonus for you, we can customize our medical policy, and riders are just playing the role of replacement of coverage. Finding the best medical policy is quite tough for everyone and maybe that’s why people always have two policies for covering themselves correctly. But talking about the rider, it’s an option that’ll make things negotiable for you; these add-on covers can improve your health issue cause the riders’ features are pretty good and will also help you financially.

Of course, this 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 a high premium, it is better to buy a top-up or super top that gives you additional cover at low premiums. Top-up is like a “Sanjeevani” for you, just imagine you are admitted to the hospital and after a certain period your coverage amount will be the end. In such a scenario, you have just to activate the top-up service and this coverage will pay for your extra expenses. But yes, you have to pay an extra amount to get this service.

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. Comparing the different health insurance policies is good for you cause by this process you will the best plan as per your need. Research is the basic process for anything and, talking about comparing insurance policies then it’s necessary for everyone. There is more than 20 health insurance company in India, and everyone is selling the same thing; you need to justify the whole plan and nothing else.

6. Purchase Online

Rather than buying a health plan from an agent/broker, it is advisable to buy them online. Not only does it save time and money, but 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 and most affordable medical insurance policy in India without having to leave the comforts of your home.

These are just some of the essential 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 the lowest possible cost!

Get the right medical cover for you and your family, now!