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How to Choose Health Insurance for a Single Parent?

Posted On : 04 February 2021, 3 Years Ago. Health-Insurance

There's no fixed shape and size of a family. Some are dual-parent, single-parent, somewhere between both, and others, nowhere near any of these categories. When you are a single parent, you are often the sole and primary provider for your children, which can be overwhelming, especially when it comes to health. If you are the parent in charge of your children's health insurance, here's how to pick the best health insurance for single parents to ensure your safety as well as your family’s.

 

Things to keep in mind while choosing the best health Insurance for single parent in India

 

1. Do your Research

 

We are spoilt for choice when it comes to health insurance products and service providers. As a consequence, it's important to perform comprehensive research before making a final decision. So, go online and look over the policy's benefits, processes, network hospitals, and other functions. All of the knowledge can be daunting at times, causing confusion. In such cases, seek advice from an insurance consultant, colleagues, or the insurance company's customer service department to learn more and make an educated decision.

 

2. Keep the Coverage in Mind

 

It's best to take care of the more expensive problems first. When choosing which coverage to use, bear in mind that medical costs will burn a bigger hole in your pocket, and this number will vary depending on where you live. In a metro area, hospitalization rates can be considerably higher than in a rural area. As a result, choose an acceptable amount insured. Many health insurance plans can have limitations such as a room rent cap or ailment capping. These health insurance policies can be less costly than those that have complete coverage with no restrictions. Make your choice based on your requirements.

 

3. Family

 

A decent health insurance policy will shield the family from unnecessary and costly medical expenses. When it comes to protecting your family's wellbeing, a family floater health insurance plan is the best choice. You save money on individual policies because it is a single policy for the whole family. In addition to the regular health insurance tax deduction, family plans offer extra tax deductions in and budget year if you pay for medical insurance for your parents.

 

4. It is Wise to Prepare Way in Advance

 

Single mothers or single fathers have a greater duty and a greater role to play in ensuring the future of their children. When you get older, health care becomes more and more expensive. Purchase the policy well in advance of the time when you will need it. Accept all of life's challenges and take action to shield yourself and your children, at the very least, from the financial implications of life's unpredictable turns. Many insurers provide extra benefits in their health insurance policies, such as loss of revenue, attendant costs, day care expenses, and so on, which can come in handy. You may also consider purchasing a Critical Illness policy, which offers a lump-sum payout if the insured person is diagnosed with a critical illness.

 

Conclusion:

 

Although health insurance policies for single parents are of utmost importance, do not rush the process. Before you make a decision, take some time and learn about the products and services being offered by the insurance providers, and the added benefits and features you can avail. Many insurers have a free look period during which you can return the policy and obtain a refund if you decide not to buy it. Some plans allow you to pay in installments (monthly, quarterly, or half-yearly) if your financial situation makes it difficult to make a single payment.

Secure your health with comprehensive insurance plans from Niva Bupa

Tell us a bit about you

Whom are you buying for ?
Myself Icon Individual
Wife Icon Husband & Wife
Family Icon Family
Enter valid name
Enter Valid DOB
OTP sent Resend OTP
I authorize Niva Bupa to call me. This will override your existing registry in DNCR. I want to get my quote and policy details on WhatsApp.
FIND MY PLAN