Here are 4 things to consider when buying medical insurance online



Medicare is the most important investment you will ever make. You should buy a policy that offers adequate coverage and a high sum insured so that you can seek the best treatment if necessary. A good insurance policy is one in which the insurer pays most of your hospital bills.

There are many insurance companies in India today that offer a variety of benefits such as high coverage, low premiums, maternity benefits, OPD coverage, prompt settlement of claims, etc. In addition, insurance companies now offer several types of online medical insurance which are designed specifically for individuals, families, seniors, critical illnesses, and employees working in an organization, among others. With so many options available, how do you choose the best health insurance in India?

You need to do extensive research in order to find such a policy which is really useful in terms of the coverage provided and the premium paid. Many of us in India confuse health insurance with a tax saving tool, which can be an extremely flawed view. The main goal of health insurance is to financially protect you and your loved ones in the event of an unforeseen medical emergency.

Therefore, when you buy medical insurance online, there are a few factors that you should keep in mind. Let’s take a look at them!

Entry age

Most health insurance companies specify the maximum age for entry. As a general rule, the maximum age is set at 70 years. As a general rule of thumb, prevention is better than cure and take out a policy for the whole family as soon as possible.

Waiting time

The waiting period is the time it takes for the policyholder to report a claim. To avoid confusion later on, it’s always a good idea to know the wait time for your medical insurance online.

Pre-existing illnesses

In the first year of a policy, health insurance companies rarely cover the cost of treating pre-existing conditions. However, most policies cover costs associated with pre-existing illnesses or medical conditions in the second year. Therefore, before purchasing one, it is essential that you conduct your research, read the terms and conditions, and compare the policies. Consider your medical history, current health issues, and current financial situation. A little research on your part will help you choose the best online medical insurance.

Consider the hospitals in the network

Health insurance companies are partnering with various hospitals to provide cashless treatment to their clients. Since these hospitals are part of the insurance provider’s network, they are called network hospitals. At a network hospital, you can focus on your recovery while the insurance company representative and the hospital work together to cover your treatment costs.
When you seek treatment at a network hospital, you don’t have to worry about depositing an advance or making cash payments. Therefore, it is essential to review the list of hospitals in the network. If you prefer to be treated in a specific hospital, you should check with the insurers to which they are affiliated.

Make a wise decision

Given the havoc impact of this pandemic on people’s lives and livelihoods, no one wants to be faced with an unwelcome financial burden. And there’s no better time than now to invest in online medical insurance. After all, the key to insurance is to protect you against unforeseen financial liabilities. Therefore, when purchasing medical insurance online, you need to make sure that you are getting what you pay for.

It is essential to consider all the points mentioned above and make an informed decision. On top of everything, be sure to use a trusted and reputable insurer like Care Health Insurance. They offer easy-to-purchase online medical insurance with smooth, cashless hospitalization from over 1,55,000 healthcare providers and a wide range of sum-insured options to secure your savings.

Disclaimer: No Deccan Chronicle reporter was involved in the creation of this content. The group also declines all responsibility for this content.


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