Health insurance is more than just a financial product—it is a
safety shield for you and your family. With rising medical costs, especially in private hospitals, having the right policy can save you from
unexpected financial stress. But buying a health policy without proper knowledge can lead to
troubles during claims. Here’s what you should check before purchasing one.
1. Don’t Just Go by Low Premiums
Many people choose a policy because it seems cheap. However,
low premium does not always mean better coverage. Before buying:Check
how much coverage the policy offersConfirm
which diseases and treatments are includedSee if it covers
hospitalization, day-care treatments, and pre- & post-hospitalization expensesA policy that looks affordable might
leave you paying large bills out of pocket during medical emergencies.
2. Check the Insurance Company’s Network
A wide
hospital network can make a big difference when you need treatment. Consider:How many
hospitals in your city are linked to the companyIf your preferred hospital is
cashless-friendly with the insurerThe
claim settlement ratio—how easily the company approves claimsA reliable network ensures
smooth and stress-free access to healthcare.
3. read the Fine Print Carefully
Many people overlook
terms and conditions while buying a policy. Key details to check include:
Waiting period for pre-existing diseases: Some policies exclude these for the first few years
Room rent limits: Determines how much the insurer will pay for hospital accommodation
Co-payment clauses: If low, you may need to pay a significant amount from your pocketUnderstanding these clauses can
prevent unpleasant surprises when you make a claim.
4. Compare Policies from Multiple Companies
Before finalizing a policy,
compare at least 3-4 different options. Look at:Coverage amountsDisease and treatment inclusionsPremium costs versus benefitsClaim process and settlement historyComparison ensures you
choose the best value policy that meets your family’s medical needs.
5. Include the Entire Family
Health emergencies can affect anyone. A
family floater policy that covers
all members ensures:No panic over sudden medical expensesEqual protection for every family memberFinancial security and peace of mindA policy that covers the whole family acts as a
comprehensive shield against medical crises.
Final Word
Health insurance is
essential in today’s world, but choosing the wrong policy can create more problems than it solves. Always
check coverage, network, fine print, and claim ratios, and compare multiple options before buying. A
well-informed decision today will save you
money, stress, and trouble in the future.