Q. What does the idea cover?
A. There are various health plans ranging via basic hospitalisation and important illness to disease-based, top-up along with daily cash. Buy an elementary hospitalisation policy first. Others such as important illness and disease-specific ones needs to be the next level of security.
Q. Is it an indemnity or possibly a benefit plan?
A. While indemnity plans cover hospitalisation expenses including room rent, doctor's price, etc, benefit plans pay a new lump sum on diagnosis in the disease.
Q. What should it exclude?
A. You should carefully read policy papers to find out what is not included in the plan.
A. It is imperative that you understand what the policy will never cover, whether for a new stipulated period or once and for all.
Q. What additional covers could you take with the insurance plan?
A. If there is often a need, additional covers including international treatment, maternity and critical illness might be of interest.
Q. Are there sub-limits?
A new. You need to check out expense limits for different heads including room rent and consultant fee to stop last-minute surprises.
Q. Cautious treatment-specific limits?
A. There can be treatment-specific caps which restrict how much cash you can claim for the particular treatment even if your sum insured is major.Q. Is the insurance plan portable?
A. Ask your agent if your policy can be ported. Therefore you can transfer the policy to an alternative insurer without losing continuity benefits including coverage of pre-existing conditions after completion of a number of years.
Q. How good is claim paying ability in the insurer?
A. Check the claim ratio in the insurer and compare it achievable of its peers.
Queen. Can you extend your coverage later?
A. As your responsibilities grow you might need to increase your sum covered with insurance. Ask your insurer to what extent it can be practiced.