Health Insurance Policy: In this era of Kovid, everyone is worried about their health. In the first and second wave of Kovid, people in many families of the country have lost their families. The sole breadwinner in many families tragically died. Such families are now facing financial crisis, people who did not have health insurance policy, had to take loan for treatment and now they are struggling to repay this loan.
We can avoid these situations to some extent through a health insurance policy. In this era, health insurance has become an important necessity for every person. However, it is not easy for new customers to choose the right insurance policy. Today we are going to tell you some such things, which you should keep in mind while buying health insurance.
Have existing illness covered
Before taking health insurance , the customer should know whether the existing disease is being covered in the policy or not. Some companies cover the existing illness of the insured in their policies and some do not. It is always good to opt for an insurance plan that covers the existing illness of the subscriber and has a short waiting period.
Many insurance policies available in the market offer a discount on depositing the premium in lump sum for the maximum policy term. The policy term can be maximum of three years. Customers can take advantage of this discount by paying the premium in one go.
The claim amount for critical illness in the insurance policy should be higher. In the policies of many insurance companies available in the market, the claim amount on some critical diseases is relatively low. The customer should know about this before taking an insurance policy. For this, the customer should carefully read all the documents including the cover list of critical illness.
It is always better for the customer to choose such insurance policies, which will cover the entire post hospitalization expenses. In the policies of many insurance companies available in the market, after a limit, the room or ICU has to be paid by the policyholder himself. Therefore, the customer should know about this before taking the policy.
Co-payment is the amount that the policyholder himself has to pay for the services insured. This amount is fixed in advance. Most of the insurance policies available in the market for senior citizens come with a co-payment condition. In such a situation, the customer should choose the insurance policy in which he has to pay the least co-payment. Apart from this, customers can also choose to remove the condition of co-payment with additional premium.