It’s not possible today to imagine a life without having a proper health insurance policy. With a right health cover, you are not only sure of protecting you and your family against the odds, but it also gives your loved ones a confidence to survive with a proud even you are not around them. There are a plenty of cashless medical insurance plans available in the market offered by leading insurers. You can easily spot the list of those policies which cater to your all health needs.
When you decide to pick the one, a feeling of confusion may interrupt to make your final decision. In this regard, a proper guidance and knowledge can play a major role in helping you crack the best deal. If you are under the same dilemma, here are a few important tips for you to assist you with selecting a right cashless medical policy.
Compare Prices and Features of Plans Online Before Buying
One of the most reasons why you should choose a cashless mediclaim plan online is that it helps insurance companies save on intermediary commission, so it directly affects the prices they offer. The internet world has made it possible for policy seekers to buy a plan of their choice at their own convenience. They can easily compare medical insurance quotes and find their perfect match using a website.
Opting for a Family Floater Policy is a Decent Bet
If you have a family, there is no need to think about buying other plans. These policies are specially designed for providing the coverage to a family under a single premium. A single sum insured is given to any one member or to all members if anyone of them meets with a bad health condition during the term of the policy.
Be a Smart Man, React Earlier Before It Gets Too Late
Most of the insurers ask for a medical test if you are below 45 years of age, so it’s always wise to choose cashless medical insurance in India. This also helps you to overcome the time limit of pre-existing ailments, if any.
Read the Policy Document Properly, Don’t Miss It
You are highly advised to have a look at the documents of your policy. This will help you get to know what is covered and not covered in your plan.
Cashless Tie Ups
Make sure that your cashless mediclaim policy has cashless tie ups with reputed healthcare facilities. It will be great if your chosen plan carries tie ups with your neighboring nursing homes/hospitals.
Know the Claim Settlement History
Don’t forget to know the claim settlement history of a company you want to buy a health policy from. Consult with your friends and family members about the same before making your final decision.
Be Fair With Your Declarations
When you provide your insurers with the accurate information on your proposal form, it ensures that you will have to face no problems while asking a claim from your insurer since most of claims get red signals due to the non-disclosure of several facts.
Buying a Critical illness policy is A Worthy Decision
You can buy a critical illness policy cover with health insurance or individually as per your needs. This plan is primarily meant to provide the coverage to the treatment of specific critical health conditions like total blindness, coma, major organ transplants, cancer, etc.
On a final note, I would like to say that although following healthy eating habits and doing exercise regularly is a key to avoid critical illnesses, purchasing a critical illness plan is not a bad idea at all since life is uncertain, so ‘prevention is better than cure’.
Deepak Kumar is an insurance expert who has extensive knowledge about insurance industry. He is currently working with CaringPapa.com. He typically loves to write and inform people about different aspects of insurance in India.