The world has gone though a major health emergency recently. It reiterates the importance of quality healthcare for surviving such storms.
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If you're looking to buy health insurance in a post pandemic world, here are some key dos and don'ts to keep in mind.
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Enough coverage is a critical aspect of insurance that shouldn't be comprised with. The sum assured must be enough to cover each family member well.
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Your health plan shouldn't merely cover hospital charges. It should cover cost of outpatient consultations and check-ups too. Always look for merits and coverage benefits rather than buying a plan based on the premium cost.
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Since international travel can be a necessity for students or job seekers, your health cover should take into account global hospitalisation, pre- and post- hospitalisation check-ups.
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It must also cover the cost of major illnesses, emergency services, OPD, global second opinions, travel expense benefit and other benefits worldwide.
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From increasing sum insured in existing policy to adding a second policy to your portfolio, there are several ways to upgrade your health insurance plan as time advances.
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A good idea is to buy a super top up plan that comes at a comparatively lower cost. It offers an extra security blanket over and above your existing needs. This can be relevant in case of emergencies.
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A comprehensive critical illness should be bought with a protection of nearly 10 times the annual income. It will pay a pre-defined sum for critical illnesses and can act as an income supplement during a health crisis.
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The bottomline to a successful health insurance is honesty. When it comes to health insurance, you need to be truthful about the information you provide to the insurance company.
Published: August 21, 2021, 17:16 IST
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