Guide to Buying Best Health Insurance Plan Online

By:Supriti Chatterjee 2019-02-22

There are numerous companies today that offer health insurance policies. In fact, to provide maximum benefits to its customers, Health insurers provide coverage for pre-hospitalization, post-hospitalization, and daycare hospitalization. 

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The expenditure during the health treatment are either remunerated directly to the healthcare provider or reimbursed to the policyholder.

Health Insurance is a necessary and smart step towards a secure future. But before making an investment or taking a decision on which health insurance policy to choose, one must research well to analyze if the plan offers good cover, is affordable and will be of the maximum help when needed.

If and when you will decide to buy a health insurance policy you will come across several agents who will try to push policies towards you and force you to buy them. These agents do have high convincing powers and may pacify you into buying a policy that may not be as beneficial as you expected. But with the changing times and with the availability of the Internet, you can now compare and buy health insurance policies online without the interference of an agent. This provides you the liberty to explore through the various options and know what is best for you.

How to Choose the Best Health Insurance Company for Yourself?

While researching for a suitable health insurance policy, you should keep in mind the following points:

Online Reviews:

Often you must have observed that when you are unsatisfied by an online product or company you, your friends write reviews for the company/product. It is also a way of telling other prospective customers about the drawbacks or shortcomings of a product or service. If the review is positive it works as a benefit for the company. Hence, even while choosing a health insurance plan, one must go through the reviews available online for different health insurance providers. An overall look at the online reviews will help you decide whether a particular insurance company is worthy and trustworthy or not.

The Reputation of the Health Insurance Company:

There have been companies that have been in the market for several years and have been able to establish a trusting relationship with its customers. They also have a positive influence on society as a whole. On the other hand, the new health insurance providers are also working on establishing an authentic and positive relationship with its customers. This is the reason why they also focus on providing added benefits and care for the customers. You can review the reputation of the company and this will help you choose the best.

Product Portfolio:

A trustworthy insurance provider regularly updates the company’s product portfolio to provide the best services and benefits to its customers along with keeping up with the dynamic market. You must have a look at all the policies and choose one that caters to your needs. Keep in mind that opting for an out-of-date plan might not work well when you will have to raise a claim.

Online Renewals:

You must have the option to renew your policy online as and when required. It saves time and you do not have to go to the office or meet the agent. Online renewals are a faster process as it takes only a few minutes to pay the premium and get the renewal.

Claims Process:

Online processes save time; the option to submit claims online helps to reduce the paperwork and thereby saves time. It is a quick and hassle-free claims settlement process and the choice of cashless settlements help to ease the financial burden on the policyholder. Also, the choice of claims reimbursement allows you the option of getting treated at any hospital. The claim can be made post-treatment and after you have paid the bill.

Comparison of Health Insurance Plans Online:

One must compare the health insurance plans on various parameters before buying it to be sure and satisfied. There are several third-party websites that allow you to compare different policies from different insurance providers. With the help of this tool, you can analyze what you would obtain and what you wouldn’t under a policy in comparison with other policies in the market. You can compare the features of various policies over a comparison website and select the policy that you feel is best for you. You can also acquire a quote on the policy and further calculate the premium with the help of the online premium calculator. Finally, if you are satisfied you can buy the insurance policy on the insurer’s website. Payments are made through internet banking, credit card or debit card.

How to compare Health Insurance Plans:

There are numerous health insurance plans available and choosing the best one as per your need maybe a bit difficult. The best practice is to compare the plans presented by different insurers. The most important factor to look at while comparing is the range of features provided by the insurance providers.

Check the various elements of the policy like service quality, cost, value-added benefits, features, accessibility of add-on covers, etc. before selecting the best that suits you. After choosing the most appropriate policy, you can decide on the best health insurance company by analyzing its online reviews and incurred claim ratio from current customers.

Why should one Compare Health Policies Online:

  • Comparing policies provides you a broader picture and helps you decide which policy has all the elements that suit you.
  • You can decide which policy would bethe best suit your pocket based on premiums.
  • It saves a lot of your time, effort and money.
  • It saves you from agents who generally focus on selling policies that provides them with the maximum commission, irrespective of your needs.
  • The online process is easy and hassle-free. You only have to visit one website and all the data is available in one particular window.

Why Buy Medical Insurance Plans Online?

The primary reason is that it reduces a lot of paperwork and provides you to buy the policy during flexible hours. But there are several other important reasons why you should buy Insurance policy online.

Crucial Information:

Agents may try and hide certain information while discussing a particular policy but in case of buying policies online you have access to the brochure and also the sample policy document. Hence you can go through the details yourself.

Premium Calculator:

Premium calculator is a handy tool available online. It helps you have an estimate of your premium by simply adding a few details.

Time Saver:

It takes only a few minutes for you to buy a policy online. You simply provide the details and if you are entitled to an instant policy, all you have to do is make the premium payment and thereafter the policy shall be issued to you. In certain cases, you may also have to do some medical tests before the policy is issued.

Lower Premiums:

Lower premiums may be offered by several companies as it costs less to obtain you as a customer online and to deliver the services to you. The elimination of agents/middlemen reduces the cost and hence the companies can offer lower rates and better discounts.

Instant Coverage:

As soon as you make the premium payment from that point on the policy will be effective. This provides you with instant cover from the point when you opt for an online policy. But if you purchase a policy through middlemen, it shall take some days for the process to be complete.

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