How much do you understand health insurance, do you know these things

Health insurance

When you are young, we feel that the need of health insurance is mainly for the old people.  But it is not necessarily true.  Young people can also become victims of illness, disability and emergency medical conditions. In today’s fast-paced life, no one has time to worry about health, health insurance can be of great help to you.  Health insurance is very important considering the way new diseases are coming day by day and the rate at which hospital bills are rising.  The cost of medical treatment in India is very high.  Inflation is also increasing at the rate of about eight percent every year, in such a situation it is absolutely necessary to have a good health insurance plan.  These things should be kept in mind before buying a health insurance policy.

Health insurance is needed at all ages

No matter what age you are, buy health insurance as soon as possible.  Actually, how much you have to pay to buy the policy depends largely on your age.  As your age increases, you will have to pay more for insurance cover.  With increasing age, a man comes under the grip of many such diseases, which are not covered in the policy.  In such a situation, as soon as you take health insurance, you will be saved from the hassle of getting medical examination done.  If you have a family history, your chances of passing certain lifestyle diseases to the next generation increase.  In such circumstances, having a health insurance policy helps.

Health Insurance Premium

It is also very important to consider the premium of health insurance.  Due to the greed of low premium, never take such a policy, in which all kinds of conditions are attached and later you will have trouble in getting the claim.  Bonuses and discounts should also be taken into account.

Waiting period for health insurance

Every policy follows a specified time limit, known as the waiting period, for coverage of certain diseases.  Prior to this, those medical conditions of yours will not be covered.  Therefore, before taking the policy, check its terms and conditions completely.  The advantage of taking a health insurance plan at a young age is that when the risk increases with age, there is no need to worry about which diseases will be covered and which will not.

Understand health insurance coverage

It is very important to understand the services covered by your health insurance and the costs incurred in case of any emergency.  You may have to pay out of pocket if you choose an inadequate or limited health insurance plan.  It is prudent for the youth to invest in a comprehensive health insurance policy of up to Rs 25 lakh to protect themselves against any unforeseen expenses.

Illnesses and Accidents

It is important to understand that heart attack, stroke, diabetes, high blood pressure and other such diseases are now affecting young people as well.  Nowadays road accidents have also started happening a lot, in such a situation, definitely check whether all these things are being covered in your policy or not.  Many insurance companies are hesitating to give the claim of Kovid.  Looking at the new variants of corona virus, make sure that corona cover is also available in your health insurance.  Also, let us tell you that conditions like life-style diseases or pregnancy are not covered by most of the companies.

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