5 Crucial Things to Consider for Comparing Health Insurance Plans in India

We now know the value of health and wellbeing much more than ever. With the widespread effects of the pandemic and its aftermath, we’ve realized how important it is to maintain good health. Another thing that has come to the surface is that healthcare facilities are not inexpensive. A single slip in your health can cause a major hole in your pocket and disrupt your budget to a great extent. This is why it is important to make financially wise decisions and plan for such situations well in advance – a practical step in this direction is getting your hands on a health insurance plan. However, it is advisable to compare health insurance plans before an appropriate plan for yourself and your family.

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Health insurance takes care of the financial aspect during a medical emergency and allows you to avail the best medical facilities possible without worrying about the expenses.

However, medical insurance policies are not a one-size-fits-all solution, and there are a few things that you should keep in mind when you compare health insurance plans. Let’s take a look at a few of these things and understand how to choose the best health insurance policy.

  1. Age Limit

Most health insurance plans come with a specific age limit. This happens because the chances of falling ill increase as we grow up. This is why you must consider this factor when you compare health insurance policies and go for the one with the maximum permissible age. You must make sure that your health insurance policy would continue offering coverage even after you cross 65 years of age. If you want to add your parents to your family floater plan, it is advisable to go for lifetime renewable options.

  1. Hospital Network

Insurance providers offer cashless covers when you get admitted to their network hospitals. This is why you must check the list of network hospitals before purchasing a mediclaim policy. This is one of the most significant considerations while comparing health insurance policies. It would help if you chose an insurance provider with a vast hospital network so that you are not restricted to choose between only a few options.

  1. Waiting Periods

Almost all health insurance policies come with a waiting period. This refers to the period when you can’t make any claims. The insurer is not liable to settle your claims during this period. However, you can check out the waiting period stipulated by different providers when your compare health insurance policies and go for the quickest option.

  1. Daycare Procedure Coverage

While not all treatments require hospitalization, even daycare procedures can be quite expensive. This is why you must choose a health care policy that offers coverage on daycare procedures and allows you to avail best healthcare facilities without any hesitation. This is one of the most important factors to keep in mind while comparing health insurance policies.

  1. Alternate Medicinal Treatments

While modern medicine might be the most common treatment option, some people believe in alternate medicinal options like Ayurveda or Homeopathy. This is why, while comparing health insurance policies, you must check that your policy covers these treatments to get financial aid.

While these points are incredibly important to consider while comparing health insurance policies, you must also make sure that you go for a reputable health insurance provider like TATA AIG. TATA AIG offers coverage on all major health issues and will help you steer clear of financial stress at the time of a medical emergency. In addition, you can rest assured of the health and wellbeing of yourself and your family and avail the best medical facilities without worrying about the expenses.

So, head to their website today to know more about their offerings.

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