Steps to Follow to Buy Health Insurance in India

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Steps to Follow to Buy the Best Health Insurance
in India
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Step 1 Whom to Cover?

• The first step towards buying a health insurance
  policy is to assess whom all you want to cover.
  So, decide if you want a policy for yourself or
  for your entire family.
• To avoid any financial trouble due to huge
  medical bills, its advisable to cover all the
  members of your family.

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Family Floater Health Insurance
Individual health insurance
Step 2 What Kind of Cover You Should Buy?

• This insurance covers all the members of the
  family in one policy.
• The sum insured can be used by all members as it
  does not have any individual cost limit.
• This type of insurance covers all the members
  under one umbrella.

• This type of health insurance policy covers each
  individual separately.
• The premiums for this type of insurance has to be
  paid separately.
• This type of plan covers an individual up to the
  limit of sum assured.

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Step 3 Decide on the Coverage Amount

• Gauge how much sum assured would be apt to take
  care of your present and future medical expenses.
• Keep in mind the rising medical inflation rates
  and your lifestyle which can affect your sum
  assured.
• The premium for your health insurance is
  determined on the basis of age and coverage
  amount.
• So, opt for a coverage amount that would be
  sufficient to cover your medical conditions.

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Step 4 Decide what plan you want
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• Basic Health Plan

• A basic health plan covers pre and post
  hospitalization charges, ambulance charges,
  day-care procedures and more.
• This type of plan often has a limit on room rent
  and co-pay and deductible.
• Note If the policyholder exceeds the room rent
  limit, he will have to bear the additional
  medical expenses from his own pocket.

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• Comprehensive Health Plan

• This type of plan offers more coverage than the
  base plan.
• Along with this plan, you can opt for additional
  covers such as accidental cover or critical
  illness cover.
• These plans have comparatively high premium
  compared to basic health plans.

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• Top-up plans

• A top-up plan is a type of health plan that
  supplements your existing health insurance plan.
• It covers the expenses beyond the limit of the
  existing health cover.
• This type of plan has a pre-decided deductible
  value that a policyholder is required to pay
  before making claims.

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A regular top-up plan Super-top health insurance plan
In this type of health plan, the policyholder has to exhaust the deductible limit. A regular health insurance policy reimburses the amount up to the sum assured, but a top-up plan covers costs after a certain threshold is reached. This plan takes care of your medical expenses once you have exceeded the deductible limit on your present health plan. Once you exceed your deductible limit, all the medical expenses during the whole year will be paid by the insurance company.
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• Benefit Plans

A benefit plan is a type of health insurance plan
that provides cover for specific critical
illnesses such as cancer, heart attack, organ
failure, etc.
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Step 5 Know about the factors
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Step 6 Stating the right facts

• While buying a health insurance policy, ensure
  that you state all the right facts. Mention about
  your existing health conditions and your history
  of illnesses to the insurer, to prevent your
  claim from getting rejected, its imperative that
  you mention the correct details.
• Recommended Read How To Buy Health Insurance In
  6 Easy Steps