Most policies have a waiting period of a few years for coverage of pre-existing diseases. As per the rules, pre-existing diseases can be kept in waiting period for a maximum of 3 years.
With time, both the need and importance of health insurance are increasing. Health insurance protects us from the expenses incurred in case of an accident or illness and also protects our savings. Many things should be kept in mind while buying health insurance. Here we will learn about some special questions, which you must ask while buying health insurance.
Coverage
The first and most important question while buying health insurance should be which diseases are covered by the policy you are buying.
No-claim bonus
In the year when no claim is made in the health insurance policy, the insurance companies increase the insured amount for the next year. While buying insurance, do ask this question that how much no-claim bonus will be given to you.
Waiting period
Most policies have a waiting period of a few years for coverage of pre-existing diseases. According to the rules, chronic diseases can be kept in waiting period for a maximum of 3 years. However, many companies start giving coverage after a waiting period of 2 years. While buying the policy, make sure after how many years you will start getting coverage for a disease.
What will not be covered in the policy
Some things are not covered in every insurance policy. In such a situation, it is very important to know what will not be covered in the policy you are buying.
Claim Settlement Ratio
This is a very important factor that what is the claim settlement ratio of the company from which you are buying the policy. This shows how the company adopts an attitude in settling the claims of its customers. Always buy policies from companies that have a good claim settlement ratio.
Partner Hospital
Insurance companies partner with hundreds of hospitals. But it is very important to find out whether there are nearby and better hospitals in your policy or not. It may happen that the policy you have bought does not have a good hospital near your home.
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