Just a few years ago, buying a health insurance plan was a tedious and time-consuming process. But today, things have changed radically thanks to the availability of health policy online. Ease of purchase and availability of numerous choices have made online health plans widely popular. While buying health plans online is quick and convenient, it’s important to follow these steps if you want to end up with the right medical or health insurance plan: –
Step 1 – Understand Your Health Needs
Every individual has varied health needs. Therefore, it is necessary to ascertain your insurance requirements beforehand to ensure that your policy is in sync with it. For instance, if you are part of a young family, you can buy a family floater plan with a relatively small coverage. However, if you have senior citizens in your family, you would need to increase the coverage considerably.
Step 2 – Compare Various Health Insurance Plans Online
There are numerous health policies available online. Hence, the importance of comparison cannot be overlooked. Compare the prices of various health policies by leading provider’s vis-à-vis the features and the total coverage provided. Certain health insurance providers also offer diversified plans that include free medical check-ups and alternative treatment coverage. Therefore, it is important to compare health insurance before deciding which policy you want to buy.
Step 3 – Research Insurer
It’s essential to establish the credibility of an insurance provider before buying a health insurance policy from them. Buying a policy from an insurer with a low claim settlement may spell trouble. So keep an eye out for the insurer’s claim settlement ratio and the number of years the company has been in business. An insurance provider’s expertise is reflected in the types of policies it offers. Always settle for insurers with an enriched product and service portfolio.
Step 4 – Verify Network Hospitals
Seeking treatment from a network hospital eliminates the need to spend anything from your own pocket. However, some insurance providers may not have a network hospital near your area of residence. Hence, it’s best to opt for insurance providers who have leading hospitals in your area under their network.
Step 5 – Finalise the Insurer and Apply online
Once you have chosen a health insurance provider, log on to their website to initiate the application process. Some providers may require you to fill up extensive forms, while others may just need a few details. Once you have submitted the application form, you will receive a health insurance quote from the insurance provider. If you are satisfied with the quote, proceed to make payment online, following which your policy will be emailed to you instantly.
Buying a health insurance policy online is undoubtedly a simple process. You can simplify the process further by buying health plans online at Finserv MARKETS. All you need to do is fill in a few details online and buy the health policy that fits your needs. Moreover, by choosing our Health Insurance Plans, you can enjoy benefits like cashless treatment at 6000+ hospitals, quick claim settlement, coverage for Ayurvedic/Homeopathic treatments and much more. To buy or know more about our Health Plans visit Finserv MARKETS today!
Also read about health insurance benefits which you will receive after you apply for a policy.
Read our top blogs to know more about health insurance in India:
Finserv MARKETS, from the house of Bajaj Finserv, is an exclusive online supermarket for all your personal and financial needs. Loans, Insurance, Investment, and exclusive EMI store, all under one roof- anytime, anywhere!