Gone are the days when you had to spend hours visiting insurance agents or waiting in long queues to get your health insurance policy. Now, with just a few clicks, you can buy a cashless health insurance policy online right from the comfort of your home.
It is quick and convenient to buy health insurance online and allows you to compare different policies, benefits, and prices to make an informed decision. So, if you still need to decide whether to purchase health insurance online, let’s dive into the simple and hassle-free process.
How to Buy Health Insurance Online in India
Purchasing health insurance plans online is a simple and convenient process that can save you time and effort. Here are the steps to follow to buy health insurance online:
- Step 1: Research and compare policies
Start by researching different online health insurance policies available in your area. Look for policies that match your healthcare needs and budget. Most insurance companies have their policies and the benefits and premiums listed on their websites.
- Step 2: Check for inclusions and exclusions
Before selecting an online medical policy, read the inclusions and exclusions mentioned in the policy document. Make sure the policy covers the medical services you need and has no hidden clauses.
- Step 3: Fill in your details
Once you have selected a policy, fill in your personal and contact details on the online form provided on the insurance company’s website.
- Step 4: Medical history disclosure
You will also be required to disclose your medical history. Being honest while disclosing your health conditions will help you get the right policy. Lying about your pre-existing health conditions can get your health insurance plans terminated.
- Step 5: Choose your premium and make payment
Choose a premium that suits your budget and make the payment online. The insurer will send the policy documents to your registered email address.
- Step 6: Read the policy documents
Make sure to read the policy documents carefully to understand the coverage, the claim process, and the terms and conditions.
Even though these steps seem easy and convenient, you need to consider many things while buying health insurance online. Let’s find out what they are in the next section.
Things to Keep in Mind When You Purchase Health Insurance Online
Buying health insurance online can be an efficient way to get the coverage you need, but keeping some things in mind is essential.
Here are a few crucial factors to consider before making a purchase:
- Coverage and benefits: Check the coverage and benefits offered by the policy you’re considering. Look for policies that provide the necessary coverage, such as hospitalisation, ambulance, and critical illness benefits.
- Network hospitals: Check if the insurance company has a network of hospitals in your area. It’s always better to go for a policy with a wide range of network hospitals for cashless treatment.
- Waiting period: Health insurance plans often have a waiting period for pre-existing conditions, maternity, and specific treatments. Ensure you know the waiting period mentioned in the policy document.
- Premiums: The policy’s premium depends on age, medical history, and coverage benefits. Compare the premium amount with other policies to get the best deal.
- Exclusions: It’s essential to read the policy document carefully to understand the exclusions. For example, some policies may exclude certain treatments or medical conditions.
- Claim process: Check the claim process of the insurance company. It’s important to understand the claim process and the documents required for a successful claim.
Why Should You Buy Health Insurance Online?
Here are the top 3 advantages of purchasing a health plan:
- Financial protection: Health plans provide financial protection against medical emergencies. They cover hospitalisation, doctor’s consultation fees, medical tests, surgeries, and more.
- Tax benefits: Health policies offer tax benefits under Section 80D of the Income Tax Act, 1961. You can claim a tax deduction of up to ₹25,000 for premiums paid for yourself, spouse, and children, and an additional ₹25,000 for premiums paid for parents. If your parents are above 60 years of age, you can get a maximum deduction of ₹50,000 for paying the premium of the health insurance policy.
- Cashless treatment: Reputed insurance companies, like Tata AIG, have tie-ups with network hospitals where you can get cashless treatment. This eliminates the need to pay upfront and claim reimbursement later.
Now, when buying a health plan, opting for one online is advisable. Here are a few reasons to go for it:
- Convenience: You can purchase online medical insurance from the comfort of your home or office; no more waiting in long queues or visiting insurance agents.
- Cost-effective: Buying health insurance online is often cheaper than purchasing it through an agent. You can also avail of discounts and cashback offers on the insurer’s website.
- Instant policy issuance: With the online platform, you can get your policy issued instantly after payment. This eliminates the need for paperwork and physical verification.
If you buy health insurance online, you will know it is a hassle-free, cost-effective, and convenient way to get the necessary coverage. With just a few clicks, you can secure your and your family’s future against unforeseen medical emergencies.
So, when are you buying robust health insurance to protect yourself and your loved ones?