Buy a Life Insurance Plan in a few clicks
Protect your family's financial future.
Insurance and Investment in one plan.
Thank you
Our representative will get in touch with you at the earliest.
Features
Ref. No. KLI/22-23/E-BB/492
How to choose a good health insurance plan? is this a question in your mind? Read this article to know about the points you should consider while buying a Health Insurance.
The joy of life is not found in material possessions but the times you spend with your loved ones. The high-stress environment in which you all live is bound to have negative effects on your health at some point, and in order to ensure that these difficult periods do not overshadow the wonderful memories you make with your family, it is critical to invest in a good term health insurance so that you can relax knowing that your family’s financial resources will not be impacted due to any unforeseen illness and its associated medical expenses.
A health insurance term plan is a contract between both the policyholder and a health insurer that includes all expenditures linked to the insured’s medical costs. The policyholder has to pay a premium for the same as per their chosen frequency (single, quarterly, etc.). It can be purchased for an individual or a family and could be used to obtain proper medical care in the event of an emergency or even a scheduled medical operation without fear of financial consequences.
People have many misconceptions when it comes to health plans. For instance, it is not true that health insurance for senior citizens is the only form of health insurance available. Anyone may get a health insurance term plan, and it is advisable to get it in your early years of life to get the most out of your chosen plan. With so many health insurance options available, it’s always a good idea to consider some important factors before you choose one. Here are some tips you can look at before deciding whether to get health insurance online or offline to meet your needs.
While it is necessary to get a health insurance term plan, it is also necessary to get one that is not too heavy on the wallet. Therefore, it’s critical to compare health insurance online among the numerous alternatives accessible. You may choose health insurance types with single premium health insurance policies or monthly premium payments - whatever suits your requirements the best. Also, it is vital to realise that one should not avoid purchasing term health insurance.
You should ideally choose a health plan that covers a variety of medical issues; for instance - pre and post-hospitalisation coverage with critical illness health insurance. Have a look at what all the plan caters to - such as ambulance costs, cashless treatment, maternity benefits, daily hospital cash benefits, hospitalisation, and so on. Additional things can be covered by adding riders.
You need to get your policy from an insurer who is approachable and has a good reputation. The insurance company must have an excellent customer service network, a good ranking, and high claim settlement ratios.
Hospital affiliations are included in all term health insurance policies. They are generally known as networks of hospitals. Check the list of hospitals in health insurance online to see whether your preferred hospital is included or not. This will allow you to get treatment under the plan in a facility that is suitable for you.
The number of claims settled by insurance carriers as a percentage of total claims received throughout the policy’s lifetime is referred to as the claim settlement ratio. As a result, selecting an insurance company with a high claim settlement ratio is suggested.
To summarise, the aforementioned suggestions will definitely help you decide on an ideal health insurance plan. Ensure that you look around for health insurance online to find the best insurance for you and your loved ones!
Amit Raje is an experienced marketer who has worked in various Fintechs and leading Financial companies in India. With focused experience in Digital, Amit has pioneered multiple digital commerce in India. Now, close to two decades later, he is the vice president and head of the D2C business department. He masters the skill of strategic management, also being certified in it from IIMA. He has challenged his challenges and contributed his efforts in this journey of digital transformation.
Prasad Pimple has a decade-long experience in the Life insurance sector and as EVP, Kotak Life heads Digital Business. He is responsible for developing user friendly product journeys, creating consumer awareness and helping consumers in identifying need for life insurance solutions. He has 20+ years of experience in creating and building business verticals across Insurance, Telecom and Banking sectors
Ref. No. KLI/22-23/E-BB/2435
The information herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. The content has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Recipients of this information are advised to rely on their own analysis, interpretations & investigations. Readers are also advised to seek independent professional advice in order to arrive at an informed investment decision. Further customer is the advised to go through the sales brochure before conducting any sale. Above illustrations are only for understanding, it is not directly or indirectly related to the performance of any product or plans of Kotak Life.
Get a Term plan that offers high coverage at low, affordable premiums
