Many people think of medical insurance as a one-time tasks; buy a policy and forget about it. But in reality, it’s much more than that. A health insurance policy is a long-term relationship that stays with you for life.

1.When you choose a Right Mediclaim Policy a specific insurance company, there’s a 90% chance you’ll stick with that same insurer for the long run.

2.Why?

Because of waiting periods and accumulated benefits that build over the years.

Now, imagine this:

You’ve completed three years with your current insurer and haven’t needed any claims. Your coverage has increased with no-claim bonuses, and you’ve already completed the waiting period for certain health conditions.

At this point, if you switch your insurance provider for a cheaper premium or minor feature, you may have to restart the waiting period all over again. That’s not a wise move—especially as you grow older and your chances of needing Right Mediclaim Policy treatment increase.

So, it’s better to think wisely while choosing you first insurance company.

Before choosing a health plan ask a question to yourself. Are you single, single but living with parents, married (married and have a wife or married having two kids.)

Let’s clarify all the situations

You’re Single and Living with Your Parents: Here’s What to Consider

1. You Need Coverage For
   1. Yourself (for accidents, sudden hopitalization, unexpected medical conditions)
   1. For Parents (same above and pre-existing disease if they are senior citizens)

You Have two options to buy medical insurance in such situation

• Individual Policy for Yourself and Separate for Parents (In this policy you are buying separate Right Mediclaim Policy for you and for your parents.

Here you’ll get

1. Little higher premium for your parents (but it’s worth).

2. You all will have dedicated coverages.

• If You Are Buying Family Floater Including Parents (In this policy you all will get same plan for everyone (this is not a wise move for parents above 60 years).

Here you will get

1. Premium is slightly lower.

2. If one of the family members uses the coverage others will have nothing left.

So, it is advisable to have an individual medical insurance for you and your parents.

You’re married and have two kids

You need coverage for:

• Yourself
• Spouse
• Two children
• Optional: Parents (if they depend on you financially)

 Best Option: Family Floater Plan

• Ideal for young families.
• One sum insured is shared by all members.
• Premium is lower than buying 4 individual plans.

Some other important things you should consider before buying a health insurance

• Check the waiting period for pre-existing diseases.
• Network hospitals.
• Claim ratio.
• Day care facility.
• Considered modern treatment.
• Know your co-payment and sub-limit.
• Renewable terms.
• Know your tax benefits.

Take help of Insurance mart for picking a rite Health Insurance

 Insurance Mart is here to guide you from selection to claim support. Connect us for a free consultation and secure your family’s future today.

Book your free consultation here +91 9350583721