At present, health expenditure has increased considerably. New diseases and their costly treatment can push anyone towards an economic crisis. Health insurance is required to avoid such contingency expenses. In general, salaried employees receive mediclaim on behalf of the office, but health insurance must be done after retirement. There are some things that should always be taken care of while taking health insurance. Let's know what they are.
1. Co-payment clause:
Co-payment is the payment that the policyholder himself has to make for insured services. The amount of payment is already fixed. Most of the insurance schemes available for senior citizens are with the condition of payment. The customer should choose the insurance scheme in which he has to give at least the same. However, customers can also opt to remove the condition of the co-payment, but they will have to pay an extra premium.
2. Waiting period:
The policies of some companies cover the existing disease of the insured and not in some. So, before taking health insurance, the customer must see this thing. Always choose the insurance scheme that covers the existing disease of the insured in a short waiting period.
3. Discount on lump-sum premium:
Discounts are offered on filling the premium simultaneously on the maximum policy term in many insurance plans. The policy term can be a maximum of three years. Customers can avail of this discount by depositing a lump-sum premium.
4. Limit of payment:
Many insurance companies have to pay the room or ICU after a limit in the policies of the policyholder. The customer should choose insurance policies that cover the entire cost of hospitalization.
5. Claim amount for critical illnesses:
The policies of many insurance companies have a relatively low claim amount on some serious diseases. The customer should take the information before taking the insurance. The customer should carefully read all the documents, including the cover list of serious illness, so that the claim should not be dismissed later.
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