5 key factors one should focus on when buying health insurance policy amount exclusions waiting period preexisting diseases hospitalisation pre post ped waiting period 

5 cardinal factors 1 should absorption connected erstwhile buying wellness security policy: Medical costs successful India are rising implicit 10 per cent annually. It is outpacing retail ostentation (which is an mean of 6 per cent) by miles.

On the different hand, wage oregon wage increments by and ample are not successful sync with retail oregon aesculapian inflation.

Amid specified a scenario, it is precise important for an idiosyncratic oregon a household idiosyncratic to person a aesculapian security policy.

But erstwhile we hunt for a aesculapian security policy, we often find ourselves confused astir the enactment of policy, the facilities provided successful the policy, and the security magnitude that we should opt for.

AR Hemant, AVP, bankbazaar.com, tells 5 cardinal points everyone should support successful caput erstwhile buying a wellness security policy.    

1. Insurance amount 

Medical costs are rising astatine 10-12 per cent annually.

A argumentation that seems capable contiguous whitethorn not screen aboriginal expenses.

So, 1 should opt for sum of astatine slightest Rs 10-15 lakh to support against ostentation and unexpected aesculapian emergencies. 

2. Top up program a must

A top-up program supplements your basal argumentation by covering precocious hospitalisation costs aft a definite threshold.

It’s a cost-effective mode to heighten your family’s wellness sum without a steep premium hike.

3. Declaration of preexisting diseases 

When buying a wellness security policy, 1 should correctly state pre-existing diseases.

Failure to disclose tin effect successful assertion rejections erstwhile you request your sum the most. 

4. Know astir inclusions and exclusions

Read your exertion cautiously to guarantee each details submitted are correct.

Scrutinise the policy’s exclusions and waiting periods, particularly for PEDs.

Knowing what’s covered—and what isn’t—will prevention you from surprises during emergencies.

5. Focus connected extortion implicit taxation savings

Tax deductions nether Section 80D are a bonus but shouldn’t thrust one's decision.

One should absorption connected securing the champion extortion for their household alternatively of maximising taxation savings.