Health insurance is one of the most important investments you can make to protect yourself and your family. It helps cover medical expenses in case of illness, accidents or hospitalisation, easing the financial burden during health emergencies. However, choosing the right health insurance plan can be overwhelming, especially if it’s your first time.
Understanding what a health insurance policy includes and what factors to consider before buying one can help you make an informed decision.
What is a health insurance plan?
A health insurance is a type of agreement between you and an insurance company. You will pay a monthly or annual fee, called a premium and in return, the insurance company helps pay for your medical expenses. Doctor visits, hospital stays, operations, medications and even preventive care like checkups and immunisations are included in health insurance.
While some provide a broader range of treatments, such as dental, eye and maternity support, others only cover basic hospital care. Some plans cover only individuals, while others are made for families.
Which things to consider before buying health insurance?
Here are a few things to keep in mind when buying health insurance:
Think about your current health, any ongoing medical conditions and your age. If you visit doctors often or take regular medication, you may need a plan with better coverage.
Health insurance plans list what they cover, so check for key benefits like doctor visits, hospital stays, emergencies, surgeries, medicines, maternity, mental health and preventive care like vaccinations.
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Network hospitals and clinics
Many health insurance plans work with a group of hospitals or clinics. These are called network hospitals. If you use one of these hospitals, your insurance provider usually settles the bill directly with them. This is called cashless treatment.
The cheapest plan isn’t always the best. Low-cost plans might have limited benefits or high out-of-pocket costs. Compare the premium (the amount you pay monthly or yearly) with what the plan offers.
The easier it is to make a claim, the better. It’s important to understand how claims are handled for the plan you’re considering. A good plan will offer round-the-clock customer support and a simple, online claim process.
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Renewability and lifetime cover
Choose a plan that can be renewed for life. Some plans stop at a certain age, like 65 or 70. It’s better to go for one that covers you for as long as you need it.
How to buy health insurance online?
Buying health insurance online has become easy and quick. You can compare plans, check prices and complete the process without leaving your home.
Here’s how to do it:
Step 1: Compare different plans
Visit trusted websites that allow you to compare multiple health insurance plans side by side. Look at coverage, premiums, exclusions and customer reviews. Use filters based on your needs, such as individual, family cover, critical illness insurance, age and location.
Step 2: Understand the details
Before selecting a health insurance plan, carefully review the policy details. Check inclusions, exclusions, waiting periods, network hospitals, claim process, renewal terms and customer support to ensure it meets your needs.
Step 3: Fill in the application form
Once you've selected a plan, you'll need to complete an application form with personal details, health history and any information about pre-existing medical conditions.
Step 4: Pay the premium
After filling in the form, you’ll need to pay the premium using a debit card, credit card or internet banking. Some companies may offer discounts if you pay the full year’s premium in advance.
Step 5: Receive your policy
Once payment is complete and your application is approved, you’ll receive the policy documents by email or post. Keep these safe and read them again to understand your rights and responsibilities.
Conclusion
Health insurance gives peace of mind by helping you manage medical costs. Before buying a policy, make sure you understand your needs, check what’s covered, compare plans and know how the claims process works.
Choosing the right plan is not just about price but about getting the protection and care you need, when you need it. If you're not sure where to start, we’re here to help. You can get simple, personalised health insurance advice by filling out the form on this page. Let us guide you in finding the best plan for you and your family.
FAQs
Q.1 Is health insurance only for serious illnesses?
Ans. No. Many health insurance plans also cover regular doctor visits, check-ups, vaccinations and preventive care.
Q.2 Can I buy health insurance for my whole family?
Ans. Many companies offer family health insurance plans that cover you, your spouse and children under one policy.
Q.3 What happens if I don't disclose a pre-existing condition?
If you hide your medical history, your claim may be rejected later. Always be honest when applying.
Q.4 Can I change my health insurance policy later?
Ans. Yes, you can switch plans or companies during the renewal period. Just check the rules and whether the new plan offers better benefits.