HomeHealthHow to make a smart choice when buying health insurance

How to make a smart choice when buying health insurance

Health insurance has become extremely important, given our largely sedentary lifestyle that leaves us with hardly any time for a rigorous health routine. Stress, pollution, poor work-life balance, and hectic schedule are the causes of lifestyle diseases that we are all prone to. 

Given this scenario, having a health insurance plan is more of a necessity than ever before. You will have peace of mind that your savings are secure and you also have the financial stability to tide over a medical emergency should you suffer from a lifestyle disease that requires consistent treatment 

This article aims to throw light on some of the common assumptions surrounding health insurance so that you can take a well informed and smart decision.

  • Critical illness insurance cover 

Many people assume that a health insurance plan will definitely cover hospitalisation due to critical illnesses, however, it’s not the case every time. You must remember that only some specific health insurance policies cover critical illness. So, make sure you check what is covered before purchasing the policy. We advise that you check the plan’s coverage for it’s suitability according to your requirements.

  • The cheapest plans are the best to buy

A very popular misconception is that the best plans to buy are those that come at lower premium rates. Well, it’s not completely true! The best plans to buy are the ones that give you better coverage for your healthcare needs so you can face medical emergencies fearlessly. To get a plan that offers great value in terms of coverage, make sure you first compare and then purchase the health plan that suits your needs and provides you the sufficient coverage required.

  • Health plans cover all medical expenses

Health insurance plans only cover the expenses listed in the policy document. So, make sure when you purchase any health insurance policy you go through all the coverages in detail. Thoroughly read to see if it covers only medicine charges, hospitalization charges or if the plan provides a comprehensive cover.  

A comprehensive cover can have end to health insurance that covers pre and post-hospitalization charges, domiciliary treatment, ambulance charges, consumables charges, room rent allowance, etc.

No health insurance policy is good enough if it’s not the best fit for your needs. Always do your research well. Calculate how many members in your family need health insurance and how much you will need to pay for each one of them. 

No individual will have the same disease and you will have to pay a different amount for everyone as per their age, health conditions, etc. So, make sure you check if the policy helps you in every way possible.

Remember that, when it comes to health insurance, don’t make any assumptions. Make sure you cross-check everything before you take a final call to purchase a specific policy. 

If you want to get more details or wish to buy a health insurance plan online, you can visit our Bajaj Finserv App and get the policy in just a few simple steps. 

Anywhere, Anytime insurance with the Bajaj Finserv App

The Bajaj Finserv App is a high utility App that takes care of all your financial needs including insurance. On the app, you can explore benefit rich health insurance plans from our trusted partners. Here you can view product features, compare prices and purchase a plan that is best suited to your needs. All this in a matter of minutes and from the comfort of your home. It truly is becoming the new way to buy insurance. If you or your family are still to experience the security of health insurance, login to the Bajaj Finserv App and get started now


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