They say ‘health is wealth’ and quite rightly so because if you do not have a good health, then you will not be able to enjoy your life to the fullest. Realising the importance of this saying, many people have now become increasingly conscious of their health. Despite this, owing to our increasingly sedentary lifestyle and habits, every now and then we do become prone to some or the other form of illness. It thus pays to have a health insurance in place which secures not only you but your family too.
Insurance plans are exempt from hefty GST slabs and further bear a lot of your medical expenses. With increasing number of health insurance companies now available and more number of people opting for them, the premium amounts have also gone down considerably. A number of initiatives have also been started by corporates to provide health insurance facilities to its employees. You can avail this facility only if you are an employee of the company. This is why it is best to have a back-up plan in place.
So, who do you choose the right health insurance plan? Here are the key factors to remember -
You should always opt for a plan which provides the maximum cover amount. This ensures that with rising inflation your medical costs, including the costs of treatment are always covered. The sum of the policy should be decided by taking into consideration your age and marital status because with age our body’s natural defence tends to weaken. Also, if you are married, you should keep in mind your spouse’s health and medical history and decide for the cover amount accordingly.
Read Also: India’s Best Health Insurance Plans to Choose
Most plans come with a waiting period which must be adhered to after purchasing the insurance plan. It is only after the waiting period does your health insurance plan kick in and allow it to be used. You should ideally opt for the one which has the least waiting period.
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.