How to Choose Individual Health Insurance Plans?

Sometimes it becomes too overwhelming to make a choice when it comes to buying an insurance deal, especially when one is not comfortable with the technical jargon being used. This is why a lot of people keep postponing their decision every time, to buy ‘Insurance Plans’ or make wrong decisions by relying completely on the insurance agents.

Even 25-year-old Arvind faced the same problem of too many options when he was asked to buy a health insurance policy. He knew that it was crucial to buy a health plan, but didn’t know what kind of a plan to buy, based on what parameters and from where. But then, one of his friends advised him of a seamless way of selecting the best option out of many, and now Arvind is a happy owner of a health insurance policy that works best for him.

Let’s see the suggestions he received from Insurance Plans:

1) Basic Requirements from Insurance Plans

The first piece of advice to him was to identify what are his health requirements. Since he is young and healthy, he doesn’t require a very complicated health insurance plan. Also, he selected high deductibles so that he can pay a minimum of medical costs from his own pocket before benefits from the health plan kicked in. This made his premiums lower.

It is said that a sensible person always knows his needs and works towards the same, there is no doubt that a person should be aware of his needs when you are about to buy a health policy. If you think about it, then you should also know that you would like to add some service as a rider to your plan. Finding a better health policy is as difficult as winning the turtle race. Therefore, before buying health insurance, you should do a little research comfortably and know your needs so that you do not have any problems after taking insurance. Get Quote 

2) Network Hospitals 

To avail of the cashless facility on his mediclaim, he needs to to a network hospital associated with his insurer. It is, therefore, important to know that the hospitals closest to your place of residence are part of the network of hospitals.

With the passage of time, the insurance company has also spread its footing, and keeping in mind the convenience of its customers, they have made many things simple and easy for their customers. In today’s time, you will not have to think much about hospitalization or treatment, find out the network hospital of the insurance company you are insured within your city so that whenever you need you can get admitted to the hospital and get yourself treated. Can you

3) Discount on Premium

There are certain plans that offer an enhanced sum assured for the same premium for every claim-free year or they keep the sum assured constant, but offer discounts on premiums. You need to study these plans in detail. Also, find out about plans that offer to keep your premium stable for a particular number of years even if you have filed claims. This can give you certainty about impending expenses at the time of renewal.

As far as discounting the premium account is concerned, there are two ways, first, if you buy the policy online, then the premium will be less for you than offline because you get options like cashback and incentives by buying insurance online mind is bad in the papers. No need to do it. Apart from this, buy as many young health policies as you can, because the target audience of the insurance company is young and because they are disease-free and healthy, due to this the premium is also easy for them.

4) Coverage of Diseases

Arvind has a family history of diabetes. Even though he is healthy, he is prone to diabetes, so someone was telling him  to select a plan that covers such diseases. Besides this, it is important to select a health policy that covers a maximum number of diseases to cover maximum risks.

There is no doubt that when you buy a policy, you expect that you get more coverage options and tell us about the diseases to be covered, so many insurance companies have already released the list of diseases that will be covered. gives. In such a situation, if your family background indicates that you will also have a disease, then you have to keep these things in mind while buying the policy.

5) Claim Process

This is one of the most important factors one has to consider. The insurer should offer the same or even better services after selling you the policy. One should not be running behind the insurer to completing the claim process and for that it is important to speak with the insurance company executives, study their claim settlement ratio and check out their customer service department to understand their professionalism.

6) Limits

Read through the fine print to understand the limits applicable to your policy. This includes limits on room rentals, particular surgeries, medical procedures and tests, and the like. Select the plan that offers the least limits, maximum coverage, and lowest premiums.

7) Compare The Insurance Plans

This goes without saying as it has become a cakewalk in this day of advanced technology. No more dependence on your neighborhood agent. Just log on to the internet, find out information about various health plans available in the market, compare their features and benefits, go through their terms and conditions, and only after that choose a policy that serves you the best! Arvind is glad he was some time online to find out information. This way he knew beforehand what kind of plan he is investing in and is in total control of his situation.

As you can see, it’s incredibly easy to make your decision. All that you have to do is be aware of your needs and requirements and accordingly do your research about the health plans. Buying is even easier with online payments so that you don’t stay uninsured even for a single day. Get an online health plan and get insured!