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Tips to Buy a Mediclaim Policy

by RAHUL

Tips to Buy a Mediclaim Policy

Looking to buy a Mediclaim Plan anytime soon? Here are  handy tips that’ll help you choose the right plan

In this day and age, many ailments that were considered critical, have become very common. This in turn has given a rise to the cost of medical treatments which may drain one’s lifelong savings. Hence, it has become imperative to have a private health insurance policy to secure yourself from the financial stress of expensive medical treatments. Most companies offer Group Medical Coverage Policy to their employees that cover their dependants such as parents and spouse. However, the cover provided is limited for all and is not sufficient.

But how do you know which plan is best for you> Fret Not, we’re here to help. Read on to learn the  handy tips you must know of, before you buy a Mediclaim Policy.

  • Coverage and Premium Amount: You must compare and choose an appropriate mediclaim plan based on your medical needs of the upcoming years. Amongst plans, you must look at the sum insured that can adequately cover you and your family. Similarly, you must check the premium amount that you need to pay to avail your chosen health insurance policy.
  • Waiting Period: Some mediclaim policies have a waiting period before they cover certain diseases. Hence, it is important to check the policy’s waiting period to cover the ailment, especially if you have a pre-existing disease such as diabetes. This will help you buy a plan that covers you or your family in the times of need.
  • No. of Dependants: This is an important factor to consider when buying a mediclaim policy. The number of dependants that can be covered in a plan is limited and hence, you must evaluate whether you need one plan to cover all your family members or need individual health insurance plans for certain senior members of your family.
  • Network Hospitals: Health insurance companies have certain network hospitals associated with them that provide cashless treatments.  Look at the ones in your vicinity and then take a wise decision.

 The Final Word

With increasing levels of stress, hectic schedules and lifestyle issues, having a mediclaim plan is now more of a necessity than a want. Hence, it is best to compare and choose the mediclaim policy that meets your health needs the best.

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