If any insurance policy is not giving you cashless facility then do not buy such policy. Medical insurance is taken for emergency situations only.
Health insurance is the biggest need of the present times. In such a situation, if you are thinking of buying medical insurance for yourself or family, then it is important to keep some important things in mind. There are different medical insurance policies in the market which are designed keeping in mind the students, couples, young families, senior citizens, heart disease patients, chronic diseases.
In such a situation, when thinking of buying health insurance, first of all identify your need. It can be anything from treatment in another country to childbirth and chronic disease. After identifying this, choose the right coverage for you. Insurance sector experts recommend that the coverage of medical insurance should be 6 times the monthly salary. If your salary is 50 thousand then it is necessary to have at least 3 lakh medical coverage.
Buy cashless policy only
The second most important aspect is the cashless facility. If any insurance policy is not giving you cashless facility then do not buy such policy. Medical insurance is taken for emergency situations only. Under the cashless facility, the policyholder does not have to pay hospital bills. He directly contacts the insurance company for this.
Benefits of cashless facility available in Best Hospital
One special thing to keep in mind here is that there is a list of cashless hospitals for every insurance policy and insurance company. In such a situation, in the city where you live, you must definitely join the cashless hospital of that city. More than how many cashless hospitals are in the list, it is more important whether big and well serviced hospitals are in that list or not.
Pay special attention to capping room rent
Room rent is capped with every insurance policy. In such a situation, gather the necessary information about it and buy the policy only when it fits according to your need. Apart from this, buy a policy only after considering the options like hospital expenses, how much coverage is available, day-care treatment facilities, room rent, sub-limits.
Increase Sum Assured with the help of NCB
All these things must be taken into account because you want to deposit maximum sum assured and minimum premium for yourself. There is a way to increase the sum assured which is called NCB (No Claim Bonus). If a policyholder does not make any claim in any year, the insurance company increases the sum assured for that policy, but the premium remains the same. This amount of sum assured can be increased by 5-50 percent. Different insurance companies have their own rules.
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