Health Insurance Policy: How much do you understand health insurance, do you know about these things


Author: Siddharth PriyadarshiPublish Date: Fri, 08 Jul 2022 05:05 PM (IST)Updated Date: Sat, 09 Jul 2022 08:50 AM (IST)

New Delhi, Business Desk. When you are young, we feel the need for health insurance is mainly for older people. But it is not necessarily true. Young people can also fall prey to illness, disability and emergency medical conditions. In today’s hectic life with no time to worry about one’s health, health insurance can be of great help to you. Health insurance is very important in view of the way new diseases are coming day by day and the rate at which hospital bills are increasing. The cost of medicine in India is very high. In this, inflation is also increasing at the rate of about eight percent every year, so it is absolutely necessary to have a good health insurance plan. These things should be kept in mind before buying a health insurance policy.

Health insurance is needed for every age

Whatever age you are, buy health insurance as soon as possible. Actually, how much you have to pay to buy a policy, it largely depends on your age. As you get older, you will have to pay more for the insurance cover. With increasing age, a person gets caught in many such diseases, which are not covered in the policy. In such a situation, as soon as you take health insurance, you will be saved from the hassle of getting medical examination. If you have a family history, there is an increased risk of passing on certain lifestyle diseases to the next generation. Having a health insurance policy helps in such situations.

health insurance premium

It is also very important to consider the premium of health insurance. One should never take such a policy under the greed of low premium, which has all kinds of conditions and later you may have trouble in getting the claim. Bonuses and discounts should also be taken into account.

Health insurance waiting period

Every policy follows a set time limit, known as the waiting period, for coverage of certain diseases. Earlier those medical conditions of yours will not be covered. Therefore, before taking a policy, check its terms and conditions completely. The advantage of taking a health insurance plan at an early age is that when the risk increases with age, there is no need to worry about which diseases will be covered and which are not.

Understand health insurance coverage

It is very important to understand the services covered by your health insurance and the cost of any emergency. You may have to pay out of pocket if you choose an inadequate or limited health insurance plan. It is prudent for the youth to invest in a comprehensive health insurance policy of up to Rs 25 lakh, to protect themselves from any unforeseen expenses.

diseases and accidents

It is important to understand that heart attack, stroke, diabetes, high blood pressure and other such diseases are now affecting young people as well. Nowadays road accidents have started happening a lot, so make sure to check whether all these things are being covered in your policy or not. Many insurance companies refuse to pay the claim of Kovid. In view of the new variants of corona virus, make sure that corona cover is also available in your health insurance. It should also be noted that conditions like life-style diseases or pregnancy are not covered by most companies.

Edited By: Siddharth Priyadarshi



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