When you decide to buy an online health insurance policy India, you give a call to your insurance agent and he comes with bunch of forms and brochures. They explain various products ranging from the simplest to complex forms before switching on to specific coverage such as diabetes and surgery.
After flooding yourself with lots of information, you may wonder what coverage suits you the best. You may get confused. Choosing a mediclaim policy has never easy. But, IRDA introduced new guidelines for uniformity in basic policies and things improved.
As a result, insurance companies in India re-introduced their basic plans with some modifications. It becomes easy for buyers to select a simple plan and forced insurers to enhanced complex policies which benefit insured people.
Majority of people don’t know that there are two types of health insurance plans, benefit and indemnity. Indemnity plans such as family floater and individual policies pay hospital expenses. On the other hand, benefit policies like critical illness pay a lump sum amount in case a policyholder is diagnosed with a disease which he or she is insured for.
First always prefer a basic indemnity plan which covers hospitalization. These products reimburse doctor’s fees, room rent and other hospitalization costs. Then, you can look for specific plans like disease-specific and critical illness covers.
In terms of plans, there is a huge interest among buyers in benefits customized to certain requirements, in addition to the basic policy. Due to growing standard of living, people tend to purchase separate plans for ailments like kidney failure, cancer, diabetes, heart attack etc.
The hospital indemnity plan is the main part of any health insurance portfolio. Now, insurance companies in India also give plans which promote health and cover preventive care as well. Surgery-based online health insurance policies are considered as benefit plans and act as back-up to the basic cover given the increasing cost of surgeries.
In fact, policyholders can access this coverage without disturbing their regular insurance plans. Buying mediclaim policies is not easy for those who are suffering from serious diseases. It is advisable to go for a basic plan if you have a healthy lifestyle because everything is almost insured after certain years of waiting periods.