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A Step-by-step Process Of Buying Health Insurance Online

By Author: Neha Sharma
Total Articles: 1125

Health Insurance is a type of insurance coverage that pays for medical and surgical expenses that are incurred by the insured which can either reimburse the insured for expenses incurred from illness or injury or pay the care provider directly. There has been a lot of changes in the health industry in India over the last 5 years where standardization and new regulations are in place as compared to yesteryear's.

Health insurance in India can be bought online and offline. There are a few easy steps below through which one can insure health.

Step 1- Do Not Procrastinate About Buying Your Health Insurance Policy
There are millions of investors who are delaying taking health insurance just because they are trying to find out a policy with all the features bundled in one. But sadly, such a “dream” product does not exist in the real world. Buying a good enough policy early in 10 times better than buying “best health insurance policy” after 5 years. So the first thing one should do is, focus on core features and decide on buying now rather than later!

Step 2 - Asses Health Status, Who To Cover And Your Lifestyle
It is important to finalize people whom you want to cover which includes considering their current health status. If all are young and healthy, have no hospitalization history, then one could be spoil for a choice. However, If one has a member who is above 50 with a medical history, then one should be prepared for certain time bound exclusions in the policy with a high premium to pay.

The greatest health insurance is taking care of your health. Keep a check on your own lifestyle and your family’s as well. If you and your family are physically fit, then you are in a good place in regards to risk and coverage required and can easily get online health insurance in India.

Step 3 - Individual Cover Or Family Floater
In Family Floaters one gets a large cover against all family members. The price is lower/efficient than buying individual covers. However, it would be sensible to get an individual cover for family members older than 50.

Step 4 - Sublimit/Co-Pay Check
Check with the products you have shortlisted and also for words like limits, co-pay or deductible on the policy. Ensure your understanding before you make your purchasing decision with regards to online health insurance in India.

Step 5 – Hospital Network
One should compare the hospital network area of the shortlisted companies as it gives a good idea of the network. While a good network of hospital is beneficial, it should not be the primary parameter to judge a health insurance company.

Step 6 - Ensure You Appoint A Good Advisor
It is recommended that you appoint a good health insurance expert to help shortlist the product as it is a complex product requiring a good amount of research.

By following the six steps mentioned above shall find it easy to avail of good online health insurance in India. In many cases, you can also redirect the flow of commissions tied to your plan to your new agent by informing the health insurer that you want you to designate a new agent of record.

Author Bio :- Neha Sharma is a finance student who loves to write in her free time. She has spent considerable time researching about online health insurance in India. In this article, she provides a step-by-step guide to buying suitable health insurance online.

Total Views: 178Word Count: 575See All articles From Author

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