5 Questions to Ask Before Buying a Health Insurance

Purchasing a health insurance policy is a big decision. You must consider all options before choosing the right one. With a number of options available in the market, this might be a difficult task.

Here is a list of 5 questions you need answers to, for picking the right health insurance cover.


Q1: Why is Health Insurance Important for Me and My Family?

This is the basic question to ask, before you can choose the right insurance type.

Health Insurance is required to protect against any unforeseen medical expenses especially during COVID – 19, the hospital expenses may have impact on household expenses or may ruin the savings

There are individual policies, floater policies, disease-specific covers, critical illness covers and so on. You need to calculate your insurance requirements to choose the right one.


Q2: What Aspects Do I Consider Before Choosing my Health Insurance?

Are you looking for affordability? Is the brand name important for you? Do you want a simple procedure for application? Do you have aged parents who need insurance too? Please check the In-patient and Out-Patient cover details. Read the exclusions carefully, understand if the pre-existing illness is covered and also, the list of hospitals covered in your vicinity

Consider these aspects and evaluate your requirements.


Q3: Is Covid-19 Covered Under the Insurance Policy?

In a raging pandemic worldwide, you would want your health insurance cover to include hospitalization and treatment costs for Covid-19. COVID-19 is covered under the medical insurance policy, however its better to check the claims limit for hospital expenses to know the complete details.


Q4: What are the General Exclusions in the Health Insurance Policy?

Avoid nasty shocks when you are facing a medical emergency, by fully understanding the policy terms and conditions. Look at the exclusions of the policy, and decide accordingly.


Q5:  What is In-Patient and Out-Patient Treatment and How Many Hospitals are Covered in the Health Insurance Policy?

In Patient treatment is when you get treated after hospital admission

Out-patient treatment is when  you visit a clinic or general physician for a clinical examination without getting admitted into hospital (eg. Cold, fever, headache etc.

To get a better insight of the in-patient / out-patient treatment, take a look at the list of services covered under the policy. You could look out for a policy covering:

  • Hospitalization expenses
  • Diagnostic tests
  • ICU charges
  • Medication and laboratory charges
  • Ambulance charges
  • Physiotherapy charges

One of the most important aspects of a health insurance is its applicability in a wide range of hospitals and clinics. This is because medical emergencies can happen anywhere and you or your family should not be stranded in such circumstances.