The digital world has made it convenient for us to buy all kinds of insurance, including the best health insurance plan. A major advantage of buying health insurance online is that you get to the plans before you make a purchase. There are many benefits you get when you compare health insurance plans online at Turtlemint. However, you need to complete the task with precision to get the best results. Read on to know more.
What is meant by comparing health insurance online?
As we all know, there are numerous health insurance plans available from the various health insurance companies in India. The different plans have different features and hence are all priced differently. When you compare, you get to see the plans side by side. You get to compare their features as well as their rates. This allows you to easily and quickly find the most suitable and the best health insurance plan in just a few minutes. Thus, comparing health insurance is important and also a necessary step as it helps you to save money and also find the most appropriate medical insurance coverage.
How to compare health insurance accurately
As mentioned above, there are some procedures to compare properly. If you just run a random comparison, you may not find the desired results. Here are some handy tips for you:
- Know your requirements –
The first, and perhaps the most crucial step, is for you to know and understand your own requirements. Health insurance needs aren’t universal and everyone has a different expectation from their health cover. You need to see how many family members you have, what kind of covers you need (maternity cover, diabetes cover, cancer cover, etc) and also assess who needs more health insurance and who needs less of it. Once you work out the health needs of your family, you will be able to find the most effective health plan that would support those specific needs.
- Finalise a budget –
You cannot afford to have a health plan with an unrealistically large premium. This is why you need to make a budget and see how much you can spare towards your health costs every month. Compare the plans that are in your budget to find a suitable option. If your plan is too expensive, it may become difficult for you to pay the premiums on time, so be careful and select the correct plan at the correct price.
- Find out about types of plans –
As stated, everyone has different requirements for their health covers. Keeping this in mind, health insurance providers also design different types of plans. There are the usual family floater health plans, individual health plans, critical illness plans, cancer protection plans, etc. If you are looking for a specific type of plan, it is important for you to compare the plans in that specific category. For example, if you want a critical illness cover, you cannot compare the maternity insurance covers! So be very sure of what you are looking at and compare effectively.
- Select the correct tenure –
Health insurance plans are available in durations of one year, two years and at times even three years. Get the perfect plan for the perfect tenure. Remember to compare properly as well. For example, if you want a short term (1 year) health plan, compare between the short term covers only. If you want a long term health plan, compare between the long term plans. Doing so will enable you to get a realistic picture between the prices and features of the type of plan you need and you can choose properly.
- Consider buying riders –
Riders are add-on covers that help you to customise your plan. Consider getting riders with your basic health plan. Compare and get a suitable health insurance policy in your price range. Then, if you feel the cover is insufficient or you want to customise it a bit more, make use of the riders. Riders are available at an added cost, but they are very handy and allow you to have the best health insurance plan at a competitive price.
If you are aware and alert about the points mentioned above, you will be able to compare and save while buying the best health insurance plans.
As you can clearly see from the points mentioned above, comparing the best health insurance plans proves to be very beneficial for you. Thankfully, it is very easy to compare health insurance online and the process is free as well. Therefore, never buy health insurance without comparing your options first. When you compare you get an idea about all the available options and you can then make an unbiased and informed choice and get your hands on the very best health insurance plan that would keep you and your loved ones covered in a wholesome manner.