1. A family-floater health insurance policy is cheaper than separate plans for two individuals.
2. It is advisable to buy a critical illness cover as a standalone policy instead of buying it as a rider.
3. Family floater policies are costlier for a family with older members.
4. If you opt for a minimum deductible amount rider, where you pay a minimum portion of the total amount in case of a claim, the premium comes down.
5. Take a family floater plan to spread the cost and reduce the premium per person.
6. Take an add-on policy on your base health plan to get a higher cover at a lower cost.
7. Take a critical illness rider with your life insurance cover, as the premium is lower than a basic medical insurance plan.
8. If your health cover is inadequate, opt for top-up plans as they cost lower than a regular policy.
9. A family floater plan that includes your child will cover him only after he is 3 months old.
10. The policies without sub-limits are better although they charge higher premiums.
11. Opt for the insurer which has tie-ups with reputed hospitals that you would prefer to go to.
12. It's even better if these hospitals are close to your house.
13. Stay away from policies that have too many exclusions or where the cooling-off period is very long.
14. Opt for plans that cover the maximum number of day-care procedures.
15. It is better to opt for policies that also cover non-allopathic treatments, though these will cost more than the normal plan that covers only allopathic treatment.
16. Depending on how you look at it, co-payment can be a boon as well as a bane, as it brings down the overall cost of insurance but also means you don't get full coverage.
17. Besides health insurance, you should also set aside a corpus for medical contingencies, because if there is an emergency and your policy can't cover the full expense, you would have something handy to ensure the best healthcare available.
18. The best way of keeping costs down is to adopt preventive healthcare measures, like a healthy lifestyle and regular exercise.
19. The bottom line, however, is that in this age of rising healthcare costs you need to protect your family by buying adequate insurance and spending your money on the right policy.
2. It is advisable to buy a critical illness cover as a standalone policy instead of buying it as a rider.
3. Family floater policies are costlier for a family with older members.
4. If you opt for a minimum deductible amount rider, where you pay a minimum portion of the total amount in case of a claim, the premium comes down.
5. Take a family floater plan to spread the cost and reduce the premium per person.
6. Take an add-on policy on your base health plan to get a higher cover at a lower cost.
7. Take a critical illness rider with your life insurance cover, as the premium is lower than a basic medical insurance plan.
8. If your health cover is inadequate, opt for top-up plans as they cost lower than a regular policy.
9. A family floater plan that includes your child will cover him only after he is 3 months old.
10. The policies without sub-limits are better although they charge higher premiums.
11. Opt for the insurer which has tie-ups with reputed hospitals that you would prefer to go to.
12. It's even better if these hospitals are close to your house.
13. Stay away from policies that have too many exclusions or where the cooling-off period is very long.
14. Opt for plans that cover the maximum number of day-care procedures.
15. It is better to opt for policies that also cover non-allopathic treatments, though these will cost more than the normal plan that covers only allopathic treatment.
16. Depending on how you look at it, co-payment can be a boon as well as a bane, as it brings down the overall cost of insurance but also means you don't get full coverage.
17. Besides health insurance, you should also set aside a corpus for medical contingencies, because if there is an emergency and your policy can't cover the full expense, you would have something handy to ensure the best healthcare available.
18. The best way of keeping costs down is to adopt preventive healthcare measures, like a healthy lifestyle and regular exercise.
19. The bottom line, however, is that in this age of rising healthcare costs you need to protect your family by buying adequate insurance and spending your money on the right policy.