With the medical advancements that the world has seen over the years, the overall life expectancy has significantly increased. However, the number of diseases and illnesses has also been on the rise. With medical treatments being quite expensive, it is important for every individual out there to get a good health insurance policy for financial protection.
However, there are numerous insurance companies out there offering various types of insurance policies. Which one should you go for? It is quite understandable why many find themselves confused as to which one to go with. The fact is that one insurance policy that may be suitable for one might not be the best for another. This comes down to individual needs, and so each one would have different criteria while choosing their policies.
However, make sure that your health insurance policy includes the following features:
- Good coverage tenure for pre and post hospitalisation expenses
We often make the mistake of thinking that hospitalisation expenses are the only expenses that we encounter. However, there are also pre and post hospitalisation expenses such as doctor’s prescriptions pre hospitalisation and the follow-up consultation post hospitalisation. These expenses could amount to quite the bill, which is why insurers cover pre and post hospitalisation expenses. However, the tenure for this coverage might differ from insurer to insurer. A good health insurance policy would cover 30 days of pre-hospitalisation expenses and 60 days of post-hospitalisation expenses.
- Better sub-limits on room rent
Your daily room rent could get quite expensive too. This is why health insurance companies include room rent coverage in their health insurance plans. However, these plans do not cover the entire room rent, but only a part of it. Most health insurance policies cap room rent in the range of 1-2% of the total sum insured. It is advisable to choose a health insurance policy that has a room rent coverage closer to 2% of the sum insured.
- Low initial waiting period
All health insurance policies come with an initial waiting period. This period refers to the tenure during which you cannot use the policy to make claims. The initial waiting period begins at the issuance of your policy. You have to wait for this period to end before you can start using your health insurance policy to make claims. However, this period does not apply if you are making a claim for hospitalisations caused due to an accident. The tenure of this period can differ based on your insurer. Ideally, your health insurance plan should have not more than a 30-day initial waiting period before you can start using your health insurance plan.
- Cashless network of the top hospitals
Cashless treatment is much more convenient as compared to the reimbursement process. However, it is also important to ensure that the hospitals are recognised and reputed. This is why you should always ensure that the insurer offering you a health insurance policy provides a cashless network of reputed hospitals that are located close to your home.
So, these are four features that the best health insurance in India would get you. Keep these in mind before you go ahead and buy your policy.
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