3 common concerns while buying Health Insurance for the first time

Admin | 22 Apr 2016 | Health-Insurance | No Comments

Do you remember the first time you rode a cycle? Was it smooth sailing? Or did you fall off your cycle and scrape your hand? Learning something new is difficult in the beginning. But once you get the hang of it, it becomes a piece of cake. It's the same with buying Health Insurance. Initially, it might seem like a bothering proposition but once you get used to it, it's not a bother at all. We are here to guide you in taking your first steps in the world of Health Insurance. Therefore, steer clear of the most common obstacles that first-timers face while they buy Health Insurance​ in India by breezing through the following points:

  1. Unreal expectations from your coverage: Let's get a fact right. Health Insurance companies don't cover every single disease. There is a limit to the coverage they can provide. Most people have a misconception that just because they bought a health insurance plan, all their hospital bills will be cleared by the Health Insurance Company. However, this is far from reality. There are a lot of exclusions and fine prints that you need to be aware of before you buy health insurance in India. Medical Insurance plans have a waiting period for certain diseases such as Fissure, Hypertension, Diabetes, Piles etc. Ensure you read the terms and conditions carefully.
  2. Technical jargons are a pain: Insurance jargons such as deductibles, co-pay, etc are difficult to comprehend for the common man. However, knowing about such terms in detail is imperative for purchasing the right policy. Research a bit in understanding the jargons before you buy medical insurance policy​ and reap benefits throughout your policy period.
  3. Determining which policy is right for you: Hunting a policy which is perfect for your needs is a difficult task indeed. Nevertheless, insurance portals or aggregators such as policybazaar.com etc are a great help in selecting a policy. These portals aid you in comparing policies offered by different Insurance companies. Hence, you can easily select the best option.

Make the most of these tips and safeguard yourself against the risk of hospitalization expenses.