Which is the Best Affordable Health Insurance Plan for me and My Family? This is a very usual question I encountered almost every day from customers. There are many Existing individual with in force Health Insurance Policy still they want suggestion for cheapest Health Insurance policy because their current Health Policy doesn’t cover all the claims.
We have analyzed the Requirement of Individuals and screened out the parameter based on which a Best Health Insurance Policy can be searched.
- Size of the Family: This is most important because the Premium calculation for the Health Policy will entirely depend on the number of Individual.
- Analyzing the Health and Medical Requirement of Family: This is another factor to be considered upon. Requirement of the each family member may be differ as like Spouse or children or old aged parents may have specific requirement. Analyze whether the existing employer’s policy would be sufficient or you will required additional Medical insurance or floater.
- Compare Insurance Plan of Top Insurance Companies: Now You has your requirement and plan to accomplish. Compare the Best Health Insurance Plans of different companies. I would suggest choosing few of the Top Insurance companies with smart percentage of Claim Settlement preferably. Choose the Best deals on your requirement. Even you may compare the best Insurance Plan online also.
- Be Careful: While choosing the Health Insurance Plan always looks for your requirement. Never make decision under any lucrative Offers or deals provided by Health Insurance Companies. These are only marketing strategy for selling Insurance Policies at the cost of certain essential features included in the regular plan.
- Check For Additional Features: There are Health Insurance policies which doesn’t cover all the disease at a time. Each year of renewal certain disease gets added up. You may do certain rough work after renewal of policy every year.
- Limit of Health Policy: This is the most important part to be considered very seriously. After analyzing the size and requirement of the Family, find out the Maximum Limit of Policy i.e. how much needed for the annual cover if fallen sick? This is totally required based on the area you lived upon or based on your income level. But in my view one must have the Health Insurance Limit of Rs 5 Lacs and more.
- Facilities of TPA and Network Hospitals: Since almost all the Top Health Insurance Companies are providing any Hospital Claim settlement but it is advisable to check the TPA and Network hospital availability at your place.
- Check the Health Insurance Sub Limits: Due to high competition in the Insurance markets there are many Health Policies which covers other basic requirement which includes Doctor’s fees, Baby and Child care, Hospital Room Rent etc. There are many insurance companies which covers up to certain percentage of Maximum Cover as the Annual Health Checkup.
- Be Clear, Don’t Hide Any Disease : What I suggest you that always provide information to your Insurance Agents or Company correctly ? Be clear about your existing or pre existing disease. Check whether they are covered in your existing policies or not. 60% of the Health Insurance Claims are rejected just because of false information or not showing the Existing Disease.
- Tax Benefit on Health Insurance: For conservative person I must mention that there is a Tax Benefit on Insurance Premium paid on Health Insurance up to certain limit in Income Tax.