While most of us do understand the importance of health insurance, we often delay investing in it. Also, while many have a misconception that buying insurance is a tedious process – it actually is pretty simple to get started. Especially considering the fact that you can find mostly everything online – yes, you read that right. You can explore and purchase online health insurance plans with ease!
We all love the internet for making life more convenient, as you can have almost anything delivered to your doorstep with just a simple click. Even better, online health insurance plans can also be bought from the comfort of your home, all thanks to the internet.
If your heart is set on buying health insurance plans online, but you don’t know where to start, keep reading ahead!
The Advantages of Buying Health Insurance Plans Online
Apart from being convenient, buying online health insurance plans provide a host of other benefits such as:
- Access to all available health policies
- Cost-saving through attracted discounts
- Time-saving as you can explore insurance from any location
- Complete transparency
- Availability of lower premiums
- Effective comparison options
Another major benefit of buying online health insurance plans is the availability of choice from all major insurers. By simply visiting an insurer’s website, you can get all the information about health care plans, and you can take your pick among some of the best insurance providers like Care Health Insurance.
Seven Things to Consider When Buying Online Health Insurance Plans
After browsing through the website of an insurance provider of your choice, you first need to identify which type of policy works best for you. However, before you purchase online health insurance plans, there are some important factors to consider. Here are seven of them:
- Coverage: Policy buyers should opt for plans that offer the right amount of sum insured and include coverage for major medical expenses, including pre & post-hospitalization costs.
- No Claim Bonus (NCB): Insurers reward policyholders by adding a certain amount to their sum insured for every claim-free year they have. This is an important feature to look for in online health insurance plans.
- Cashless Treatment: Another key feature to keep in mind is cashless treatment, as it ensures you don’t have to pay any medical expenses out of your pocket as the insurer directly settles them with the hospital.
- Lifetime Renewal: When buying online health insurance plans, it is essential to check if the plan offers lifetime renewability. As otherwise, you might have to purchase separate policies after a certain age.
- Cover for Pre-Existing Conditions: Most health care plans do not provide coverage for pre-existing diseases. So, if you are buying a policy to cover any current/ongoing medical condition, make sure to check for this feature.
- No Co-Payment: An insurance plan’s co-payment clause requires the policyholder to pay anywhere between 10 to 30 percent of the total claim amount. However, it is best to avoid buying such online health insurance plans.
- Added Benefits: Policy buyers should go with health care plans offering the maximum number of added benefits such as a wide hospital network, no age criteria, maternity benefits, annual medical checkups, high claim to settlement ratio, no waiting period, and more.
Final Word: Buy Health Insurance Online and Stay Secured Against Medical Emergencies
Data from a detailed Global Medical Trend Rates Report showed that India’s annual general inflation rate stands at an average of 4.2 percent, one of the highest in the entire Asia-Pacific region.
Moreover, it is expected to only go higher with time, which can cause serious financial losses to the Indian population during a time of medical emergencies. There is clearly no escaping medical inflation, but buying online health insurance plans can secure the rest of your life. So, do you research, and explore online health insurance plans from reputable insurance providers today!
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