Healthcare inflation in India is close to 20% as compared to overall inflation of 8-9% per cent in the past few years. This explains why people term health investment i.e. health insurance as the best investment. The fact is, a medical insurance has become an inescapable need for human beings, especially for people who are close to their retirement. A health insurance, the individual ones or the family floaters, is crucial for two crucial reasons: cover all the medical expenses incurred by the insured with time, and preserve their short-term and long-term assets from being consumed by medical bills.
Accordingly, choosing a health insurance scheme for senior citizens is not enough, choosing a good insurance scheme that covers the expenses incurred due to pre-existing ailments along with the expenses incurred due to the new ones, at an affordable premium is what you. It’s not very difficult to obtain such policies, all you have to do is compare all the health insurance policies in the market using the right factors, and bingo! You will have the perfect scheme right in front of your eyes. So, what are the factors you need to consider while comparing different policies? Check them below.
1.Age limit of the policy in accordance with your age.
2. Sum Insured.
3. The network of hospitals.
4. Pre-existing disease coverage to ensure you don’t have to pay the expenses incurred due to your pre-existing ailments.
5. The availability of critical illness cover and the limit.
6. Co-payment: the percentage of medical expenses you’ll have to pay from your own pocket.
Read Also: Guide to Compare Health Insurance Plans for Senior Citizens in India
Lastly, compare the policies as per the premium amount after they qualify the above-mentioned parameters and apply for the most suitable one.
Alisha Antil is your best financial helper for insurance. She has a vast experience in finance and insurance and provide to you the expert advise in insuring your property and health. She has in depth knowledge and has written more than 1200 blogs on topics related home and car insurance. She also provide you with knowledge about home improvement and cooking.