how to buy health insurance
Health Insurance

How to Buy Health Insurance?

How to Buy Health Insurance?

Life is unpredictable. You may suddenly face a medical emergency. Or your loved one may fall ill anytime, requiring immediate medical attention. A health insurance policy can be a blessing in such times. With a health insurance plan at your fingertips, you can meet the medical expenses without having to worry.

How can I get health insurance?

Many ask the question, “How to buy health insurance?” The answer is simple: You need to get in touch with an insurance intermediary or a broker. They act as a bridge between health insurance companies and prospective buyers. Before you lock in on a particular policy, make sure that you have understood the terms and conditions of the policy. Do clear your doubts about the overall ceiling of the sum insured. Don’t forget to check out the hospital network of the insurer. Also, enquire whether you can avail of the cashless facility or not.

The answer to the question of how to buy medical insurance has another aspect. The policy you buy should meet your requirements. Understand the claim settlement process so that you don’t feel bitter about it later when you raise a claim.

If you wish to know how to buy health insurance online,refer to this step-wise guide:

  • Check out various insurance aggregators online.

  • Provide details such as your name, marital status, city of residence, number of members you want to get insured, and your annual income. The aggregator will draw up a list of various policies you can consider, along with the sum insured, premium amount, and whether the insurance company needs you to undergo medical tests before they provide you with the insurance.

  • Shortlist a few policies that suit your requirements most.

  • Once you zero in on a plan, fill up the health declaration form where you will need to disclose your medical history. Ensure that the details you provided are correct as it has a direct impact on the claim settlement process.

  • Then you will be redirected to the website of the insurance provider to make the premium payment.

  • Usually, a digitally signed copy of the policy is sent to your e-mail address, and a physical copy is sent later to your residential address.

How to get cheap health insurance?

A comprehensive health insurance policy is not cheap.

But that doesn’t mean you cannot get an insurance plan if you are on a budget. The best way to land a cheap health insurance policy is by comparing the premium charged by different insurance providers and then decide which one fits within your means. Even the most affordable health insurance provides you basic coverage.

How to buy a Mediclaim policy?

In a Mediclaim policy, the insurer reimburses the medical expenses incurred by the insured during the policy period. Unlike health insurance plans, Mediclaim policy works on an indemnity basis. They don’t offer 360-degree coverage.

Health insurance policies cover daily expenses which can be non-medical. You may not enjoy similar benefits with a Mediclaim policy.

There are various types of medical insurance policies. An appropriate health insurance policy for yourself and your loved ones can give you peace of mind and access to better quality healthcare.

Disclaimer: The above information is indicative in nature. For more details on the risk factor, terms and conditions, please refer to the Sales Brochure and Policy Wordings carefully before concluding a sale.

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