With our sedentary lifestyles, poor eating habits, erratic sleeping cycles and degrading environmental conditions the rate of illnesses are increasing. The medical costs and the complexity of diseases is also increasing. Normal surgeries can cost anywhere between 30,000 to 70,000 or more complex procedures can cost over 3-4 lakh. This kind of money does not come easy, thus the best solution is to get a Mediclaim Policy. Today, you can get your mediclaim policies online as well. While choosing an affortable health insurance policy you should refer to the following tips:
1. Know your Company
While choosing an insurance, it is important that you know the company you are engaging with. Their background, their management, their policies etc. It is better to choose a general insurance provider rather than a life insurance company. You can check for online customer reviews of the company in question to get a real perspective.
2. Know your Plan
While choosing your plan you need to be aware of the various features under your mediclaim policy. Make sure that these features coincide with your respective speculative health needs. The inclusions and exclusions of the policy are the most important part of the policy. Make sure that your policy covers all the major diseases and procedures. The exclusions may be dental procedures, sleep disorders etc.
The cost of the policy should be a defining factor in choosing the mediclaim policy. The amount of premium you have to pay should be a big determinant. In order to calculate the premium amount, you can use an online premium calculator. This will allow you to know the exact amount of premium required and also help you compare with other policies. Premium calculators also provide you with the total premium and monthly premium you would have to pay. You should also keep in mind that the total cost of your mediclaim policy includes the cost of inflation as well.
4. Renewal Policy
Your mediclaim should have a decent renewal policy. By the time you become 60 or 70 years old your susceptibility to diseases will also increase. Therefore, it is essential to have a mediclaim policy at your old age. When you take up your policy, you may be young and therefore less vulnerable to diseases, however with old age this will increase. While choosing your mediclaim policy make sure that the renewal process is simple and hassle free.