Pro tips for choosing the right health insurance policy in India
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1. Coverage
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An individual should have coverage amount of at least 7 to 10 lakhs and for a family plan 8 to 15 lakhs on a floater basis is ideal.
2. Claim settlement process
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The claim settlement process of an insurance company should be smooth and hassle-free claim settlement process is crucial during emergencies.
3. Network hospital
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The third tip is to check the list of network hospitals covered under the cashless scheme and ensure that there are good and reputed hospitals in your area.
4. Premium
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The fourth tip is to compare the premium rates of different health insurance providers and select one that offers the best value for money and fits your budget.
5. Pre-existing conditions:
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The fifth tip is to check whether the plan offers to cover pre-existing medical conditions or not. Choose a plan with a shorter waiting period.