Tips to Consider Before Buying Health Insurance Policy in India

Health insurance is essentially, a way to pay for health care. In other words, it helps protects you from paying the costs of medical services in full during a medical emergency.

When you purchase health insurance policy, your health insurer agrees to provide financial assistance to pay a portion of your covered medical costs.

A financial crisis on top of a health issue can land you in a stressful situation. Buying the best health insurance plan can lessen your worries and let you focus on your health first. You must choose your health insurance policy wisely and do in-depth research to make sure that you have the best possible healthcare coverage.

Once you know what is health insurance, you should check the important tips to consider before opting for one of the best health insurance plans in India. Following are some of the important tips that you should consider while buying a health insurance plan:

Health insurance plans offer a variety of features and benefits, depending upon the choice of insurer. For example, several health plans include cancer insurance cover to help you protect yourself and your family against the life-threatening ailment. Hence, you must study every plan’s features carefully and opt for those plans that provide additional benefits over and above your base health insurance cover.

This way, you can buy the best health insurance policy, which suits your needs as well as fits into your budget. The benefits of purchasing health insurance include:

We, at Max Life Insurance, offer critical illness cover that protects against 40 life-threatening diseases. You can add a critical illness cover to your term insurance plan by following these quick and easy steps:

The minimum entry age to purchase a critical illness cover is 18 years, while the maximum is 65 years. Max Life Insurance offers a built-in Accelerated Critical Illness (ACI) Benefit under its term plan variants – Max Life Online Term Plan Plus(UIN: 104N092V04) (Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan) and Max Life Smart Term Plan (UIN: 104N113V04) (Non Linked Non Participating Individual Pure Risk Premium Life Insurance Plan) by paying an additional premium.

Also Read: Features & Benefits of Max Life Smart Term Plan

These term plans provide comprehensive security to your loved ones in case of your early demise. With the accelerated critical illness benefit, you can also avail of financial assistance against life-threatening diseases such as heart attack or kidney failure.

To do that, it is advisable first to calculate your monthly premium payable for the desired coverage amount, using a term plan calculator.

The critical illness benefit will provide a lump sum amount to you in case of a critical illness. This way, you can take care of medical care and other miscellaneous expenses without damaging your savings

Cancer is one such disease that catches you off-guard mentally as well as financially. If diagnosed, the treatment of cancer can be a huge financial burden for your family.

Max Life Insurance provides a Cancer Insurance Plan (UIN: 104N093V03) (Non-Linked Non-Participating). This plan covers all stages of cancer, and if detected at an early stage, 20% of the initial will be paid upfront, and all future premiums are waived off.

It provides a lump sum amount that can cover all costs associated with cancer diagnosis and treatment, including hospitalization, radiation, chemotherapy and surgery, among others. Based on factors such as heredity, lifestyle habits, and screening test results, list out the types of cancers that you could be vulnerable to. Check the cancer insurance policy to confirm if they are covered under the policy.

All medical expenses come unannounced, and it is better to prepare yourself for the worst. The rising costs of healthcare can dig you deep in debt if not armed with the right health insurance policy. A comprehensive health insurance policy takes away your financial worries and gives you peace of mind.

It is a crucial decision both for you and your family, so make to get the best of your health insurance policy and include essential riders. The right health insurance plan will provide you with a sense of security that your medical needs will be taken care of without any financial hindrance.