Many people have started opting for a healthy lifestyle due to growing awareness about the importance of good health and well being. In recent years, there has been an increase in awareness about the benefits and importance of health insurance in India. This has made it all the more crucial for individuals to get a policy. Here are some features that will help you make an informed decision.
Most health insurance plans provide coverage for pre existing disease but have a waiting period of four years. There are many plans, which have a waiting period of three years or even shorter. However, it is important to be very honest and clear about the pre-existing condition you suffer from.
While many health policy providers in the country have the maximum age cap at 65, there are many who have no such age limits. You can renew the plan till the time you are paying the health insurance premiums. You can continue to renew the policy lifelong without any restrictions.
Sub-limit is an important feature of health insurance in India and it is important to understand the same. The sub-limit is a restriction in the amount of reimbursement under each cost head. Which means that irrespective of the amount incurred by you, the insurance company will only reimburse up to the sub-limit.
No medical check-ups up to the age of 45
In case of many health insurance policies, the companies do not require you to undergo a medical examination up to the age of 45, unless there is a history of critical illness or disease. However, it is important that you make all disclosures before buying an insurance policy. You can also voluntarily undergo a medical checkup and submit the reports to the insurance company.
For a health policy claim to be processed there is a minimum requirement of hospitalization for 24 hours. However, there are many surgeries that do not require the patient to be hospitalized for 24 hours and discharge the patient within a few hours of the surgery. Therefore, insurance providers, these days offer outpatient expenses and daycare expenses. They do not require you to spend 24 hours in a hospital and will accept your claim.
Now that you know health insurance a little better, it’s time you get yourself one too. You can even buy one online, in a quick and convenient manner. However, when you buy online health insurance, it is best to compare a few plans before you make a decision. Understand the features of the plan and their inclusions and exclusions to make a good choice.
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