Is a cheaper health insurance, the right one for you?
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IS A CHEAPER HEALTH INSURANCE, THE RIGHT ONE FOR YOU?

Max Bupa

10 September 2019

YOUR HEALTH IS LIKE A PREMIUM CAR
 

Today there are plenty of health insurance plans that offer you lesser premium and affordability. Does that mean they are the best? Buying a health insurance plan needs to be thought out tactfully and practically. These 4 questions might really help
 

DO YOU WANT TO SAVE A COUPLE OF THOUSANDS OR PAY LAKHS LATER?
 

The problem with many of the so-called affordable health insurance plans is that they seem to be too good to be true. The reality is that if you go for this cheapest health insurance plans, you’d have to incur plenty of hidden costs later. Plus, a lot of these plans do not cover certain health conditions or illnesses, which means you would end up paying a heavy amount at the medical facility in times of a medical emergency or treatment. To save a couple of thousands, you’ll end up spending lakhs.
 

DOES CHEAPER COVER EVERYONE?


Cheaper health insurance plans might look good on paper but you’ve got to ask yourself whether these will cover other members of my family. These plans are usually for individuals and do not provide coverage for other members of the family. If you are staying with your family, a family-floater insurance plan makes far more sense. That’s because it covers more than one family member at a fixed annual premium thereby allowing you to float the coverage to any member of the family at the time of hospitalization or illness. So, you could have a scenario where two members of a family are getting medical treatment and coverage at the same time.


CHEAPER PREMIUM = CHEAPER COVERAGE?


The sole point of going for a health insurance plan is to ensure that you get maximum coverage in times of medical emergencies. Very often, cheaper health insurance plans offer less coverage, which might not be sufficient considering the growing healthcare costs in India every year.


HAVE YOU READ THE TERMS AND CONDITIONS?


Coming back to the earlier example, does the local garage offer you things like guarantee, terms and conditions or offer documents. The probable answer is no. Though cheaper health insurance plans come with offer documents, terms and conditions but what’s important is to study them with caution as a lot of things like pre-existing illnesses might not be covered. Also, make sure to check whether these plans are customized according to your health needs.


HERE IS A PERFECT ANSWER TO ALL YOUR QUESTIONS


Max Bupa offers health insurance plans that are affordable and yet comprehensive to offer maximum coverage and benefits for its customers. Get in touch to know more.

 

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