There are a plethora of health insurance policies available in the market, each having something unique with their own merits and demerits. It would be unfair to call a single policy the best. One needs to look at multiple factors to decide which policy is best for them. Here are some factors you should consider when buying a health insurance policy:
- Policy Coverage: Look for a policy that covers a wide range of items such as accidental hospitalization, day-care procedures, emergency ambulance services, domiciliary hospitalization, etc. Based on your needs, compare the coverage and select the one that best fits.
- Claim Process: A complex and lengthy claim process is the last thing you need in the event of an emergency. Read about the claim process of the company. Preferably, look for companies that have a wide network of partner hospitals that provide cashless claims services.
- Lifetime Renewal: As you get older, the chance of falling ill increases, and at the same time, you may not be eligible for some policies due to age restrictions. So look for policies that offer lifetime renewals so that you are covered all the time.
- Claim Settlement Ratio: This ratio is very important and serves as a judge of the character and efficiency of the insurance company. It is the percentage of claims settled out of all the claims received during the year.
- Waiting Period: Different policies vary in terms of the waiting period with respect to certain diseases and illnesses. Look for policies offering a lower waiting period.
They offer a range of health insurance policies that provide sufficient coverage for you and your family. They have more than 9,500 network hospitals spread throughout the country that offer you cashless claims services. Plus, their digital initiatives have made it much easier for a person to buy, renew, and even file a claim at the tap of a button.
