Like life insurance,
health insurance has also become an important investment. With increase in medical costs and lifestyle diseases, it has become important for individuals to take up a health insurance, after all medical emergencies can happen anytime.
There are several financial advisors who are selling health insurances and consumers often get confused as to which is the right investment and how much should one invest.
Also, make sure you take up a health insurance as soon as you start earning.
“It’s advisable to buy policy at a younger age, because the premium will be less and it will increase age wise. The minimum investment should start from Rs 700 per annum,” said Kaushlendra Singh Sengar, Founder & CEO, Advisorymandi.com.
Having said that, some financial advisors can also have a hidden agenda of promoting their company and not giving you a sound advice.
“There are various factors one should consider before buying a health insurance. Check whether the policy is providing you a discount in next premium in case you have not taken any claim, see the claim settlement ratio, etc,” said Sengar.
Here are 8 things you must look into before buying a health insurance