5 Important things you should check before buying Health Insurance

Before buying health insurance, it is important to carefully consider your options and make an informed decision. Here are 5 important things you should check before buying health insurance:

Coverage and Benefits: Check the coverage and benefits provided by the health insurance policy. Ensure that it covers the medical expenses that are most important to you and your family, such as hospitalization expenses, pre-existing conditions, and critical illnesses. Also, check if the policy offers add-on covers for extra benefits.

Network Hospitals: Check the list of network hospitals that are covered by the health insurance policy. Ensure that the hospitals are located in your city and offer quality healthcare services. You may also want to check if your preferred hospitals are part of the network.

Premium and Deductibles: Check the premium and deductibles of the health insurance policy. Ensure that the premium is affordable and the deductibles are not too high. You may also want to check if the policy offers discounts for long-term plans.

Waiting Period: Check the waiting period for pre-existing diseases, maternity benefits, and other benefits. Ensure that the waiting period is reasonable and does not affect your coverage when you need it the most.

Claim Settlement Ratio: Check the claim settlement ratio of the insurance company. It indicates the number of claims settled by the insurer out of the total claims received. A high claim settlement ratio indicates that the insurer is more likely to settle your claims without any hassle.

By considering these 5 important factors, you can make an informed decision and choose a health insurance policy that suits your needs and offers comprehensive coverage at an affordable price.

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