Health insurance is often misguided. You can compare multiple health insurance plans online, but, choosing the right plan is the key element. PolicyShelter helps to take right health insurance plans to ensure complete peace of mind. We have partnered with all large health insurers. You can compare tailored insurance plan and pick the right one.
We provide service all over India, Physically we can connect for Best Health Insurance Plans In Visakhapatnam or Insurance Policy Pune or Best Health Insurance in Hyderabad
Important features to consider before you own a Medical Insurance Policy
Now you can get Health insurance Health Insurance in Hyderabad Online. Find out the nearest network hospital and plan a hassle-free cashless hospitalization. If you don’t have the experience of buying a health insurance policy, all the information available can be a little confusing. There are several factors that you need to consider before buying a health insurance plan. Such as, the premium, if you want an individual plan or a family floater plan, sum assured, etc. You need to know how to choose a robust plan which covers all your requirements. Here are a few factors which you should keep in mind:
All insurance companies want to reduce their liability. To do so, they apply caps and sub-limits on certain services. For example, a room rent sub-limit can be of Rs 5000 per day or ambulance fee can be up to Rs 2000. Any expenses incurred above this limit on either of the services will be borne by you.
Always choose a company with a good claim settlement record. This ensures that your future claims will not be wrongfully rejected. Always look for the insurance company’s claim settlement ratio before making a choice. This saves you from unnecessary harassment in times of need.
Always look for a health insurance policy that offers you the maximum coverage. Don’t simply compare premiums with sum assured. A low premium plan might not cover all your needs. So, when comparing health insurance plans, always shortlist the ones offering you more services with higher sub-limits.
When you buy medical insurance online, always check their renewability. The usual plans have a yearly contract which gets renewed when you pay the premium. Many Insurance companies offer a discount on premiums if you pay for two- or three-years’ premium in advance. If there is a break in renewal, you might lose all the accumulated benefit.
Every medical Insurance company has a list of network hospitals that offer you cashless claims. Check if the hospitals around you or in your city feature on such list of the insurance company you are planning to choose. This helps you to get treatment without worrying about the payments and reimbursement claims.
Ensure that the insurance company offering you a medical insurance plan has a claim settlement team. This helps your claim to move swiftly in the process and eliminates any room for mistakes. Most companies hire TPAs to do this work, but that might slow down the process. An internal claims settlement team expedites the claims process.
Choose a health insurance policy and an insurance company which offers the health insurance portability feature. This means that you can switch from one company to another without losing the benefits accumulated. This feature eliminates the waiting period and is offered by most companies for free.
A top-up health insurance policy reduces the cost of your deductibles. A deductible is the cost that you bear willingly. For example, your hospital bill is of 5 lacs and you need to pay a deductible of 2 lac. You can use a top-up health insurance plan to further reduce your deductible. This method is proven to be cost-effective for policy holders.
It is best to take advise from Policy Shelter and select the right health insurance plan online to choose the one which offers maximum coverage.