With our continuously degrading lifestyle, sporadic sleep schedule, and continuous munching over unhealthy snacks, we are pushing our health at risk. While there’s only so much, we do to change our lifestyle overnight, there is one decision we can make today to secure our tomorrow and that is buying the best mediclaim policy in India for family.
Mediclaim policies for families support in an emergency as well as in the case of prolonged illnesses. by providing financial support. According to the IRDA document, the need for a family mediclaim policy is not only when one is severely sick or is under hospitalization but also in accidental scenarios, daycare treatments, maternity expenses, etc.
In all such conditions, when a hefty amount of money is required, a mediclaim policy can help. This strengthens our position during such situations. But not all mediclaim policies would help you with the desired support, some would also play a foul game of providing limited amenities.
Therefore, to save yourself from such cons, consider some critical factors before shortlisting and buying the best mediclaim policy in India for family. Here are some of these factors-
- Know your policy provider
Just like before buying anything we conduct our research about brand, product quality, and market reputation, it is of great importance to know your provider well before making the final decision of purchasing the best mediclaim policy in India for family.
Always understand your provider’s management, policies, customer handling, support, and other factors. Check customer reviews and market reputation. Buying mediclaim from a trusted provider is always recommended. One such provider is Care Health Insurance.
- Cost
This is one of the deciding factors. If the cost of the mediclaim policy fits in your budget, it automatically gets a plus point from you. After all, no one wants to buy the best mediclaim policy in India for family by burning a hole in their pocket.
Therefore, to check and compare the premium amount for at least 2-3 mediclaim policies is recommended. While comparing costs, also contrast and critique the coverage amount. One can also leverage the premium calculators available online to reach the smart decision.
- Claim Process
Do you want to get indulged in lengthy paperwork in the midst of a concerning medical condition? No one wants it!
Therefore, getting a mediclaim policy from providers with an easy and simple claim process is preferred. The more complex the claim process, the longer time it takes for claim settlements.
- Exclusions
Even the best mediclaim policy in India for families has certain exclusions from coverage amount. Often, alcohol and drug abuse, suicide attempts, and congenital illnesses are not included in mediclaim policy coverage. This should be checked and comprehended beforehand.
- Check for Co-Payment Clause
The co-payment clause is a mediclaim policy condition when the insurance provider only covers a part of your medical expense, and the rest must be paid by you. So, if your mediclaim policy considers a co-payment clause, it must be noted before making the final decision of buying the mediclaim policy in India for the family.
- Coverage Amount
Align this with your budget for medical insurance and your family condition. For example, if you have someone in the family suffering from chronic heart or kidney diseases, you might need long-term insurance with a high coverage amount. But, if all your family members are young and healthy at the time of buying insurance, getting a basic coverage amount will be good for you as you can always get super top-up plans.
But still, calculating the return on your coverage amount is always a smart step before purchasing mediclaim for the family.
Buy your Best Mediclaim Policy in India for Family Now!
As of now, you must be content with the idea of how to pick your best mediclaim policy in India for family. Never forget to do balanced market research, customer reviews, and understand the claim settlement process, coverage amenities, etc. all this would provide you an upper hand with a continuous dynamic insurance market with thousands of providers encircling you. In addition, this would also save your form some foul play of endless amenities at minimum cost.