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8 factors you must look into while buying health insurance and here’s how much you must invest

1. Claim settlement ratio and duration

1. Claim settlement ratio and duration

Go for the higher claim settlement ratio insurer.

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2. Tie-ups with hospital

2. Tie-ups with hospital

Check whether the insurer is having tie ups with wide network of hospitals.

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3. Day care coverage

3. Day care coverage

As most of the treatments do no require hospitalization of more than 24 hours and usually health insurance covers only 24 hours or more, it’s better to opt day care coverage health insurance policy.

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4. No claim discount

4. No claim discount

Check whether policy is providing you a discount in next premium in case you haven’t taken any claim, either insurer will provide you discount or he will increase the coverage amount in the next renewal.

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5. Free full body checkup

5. Free full body checkup

Usually health insurance policy provides one-time free full body checkup in a year.

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6. Renewal

6. Renewal

Please check the renewal age limit of the policy, so that when you cross the age of 50, you are still insured.

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7. Diseases covered

7. Diseases covered

Check the list of disease covered.

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8. Clauses

8. Clauses

Check 1. Contribution clause; 2. Renewability clause; 3. Reasonability clause; 4. co-payment clause and; 5. Exclusions clause before buying a health insurance.

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