Things To Keep in Mind While Purchasing Health Insurance with a High Sum of Insured
By Space Coast Daily // January 11, 2023
The surge in health insurance demands post covid has increased quite evidently. With this increased demand for healthcare has come inflation to deal with, which; one needs a comprehensive plan such as the 1 Cr health insurance plan by Care Health Insurance.
While you are on a venture to buy the most comprehensive plan for you and your family, you must need clarification about what to buy! Hence, today through the blog, we will educate you about the top 5 things you should keep in mind.
5 Things to Keep in Mind While Purchasing 1 Cr Health Insurance Plans
Before selecting the most comprehensive plan for yourself and your loved ones, considering certain factors can play a vital role. Here are the top five things you should consider while buying a health insurance plan.
Always Check For the Expenses covered
While buying a health insurance plan with a higher premium, always check the expenses your plan covers. Always remember, a plan with a higher premium should offer coverage for more expenses than a plan with a lower sum insured.
Know the Exclusions
Although the exclusions of expenses will be relatively low in a high-sum insured health insurance plan, it is wiser always to note the exclusion to avoid any rejections while claiming an unforeseen emergency.
Lock the Minimum Waiting Period
The waiting period for different health conditions may vary based on different factors. While buying a health plan with a high sum insured, always look for a plan with a minimum waiting period so that you can avail of claims when in need.
Availability of Cashless Hospitalisation
Keeping in mind the need for urgent hospitalisation for various medical ailments, choosing a plan with plenty of cashless hospitalisation in your locality is important. Buying a plan with a high sum insured may be of no use if you have neither money nor your health plan in times of need. Thus, always check the availability of cashless hospitalisation while buying a health insurance plan with a high sum insured.
Thoroughly Understand the Claim Process
The claim process of any health insurance plan can be the most tedious part if you do not understand what you may face at the time of claim registration. Although all health insurance companies may promise a hassle-free claim procedure, not all may abide by the fact.
Thus, while buying health insurance with a high sum insured, always go for the one which has the most transparent claim filing and resolving procedure. If you are still determining which health insurance company to choose, go for a company with honest reviews.
Summing it Up
A health insurance plan with a high sum insured can be vital when you have vast healthcare needs for yourself and your family. The plan, if bought carefully, can ensure that you remain safeguarded in times of a medical emergency. So, the next time you buy or renew a plan, always consider a plan with a higher sum insured.
