Things to know before buying a group Health Insurance

Life is unpredictable for everyone out there. And from food to home we plan every basic necessity of our family. But in the rush of life, we overlook some important things.

Have you ever imagined the pain of running out of cash in case of a medical emergency in the family? At this stage, the group health insurance comes to the rescue.

Health Insurance protects us and takes away the financial worry from the mind. It provides timely management of health calamities and save us from debt. Being health insured helps us to reach the best medical facility at the right time and provide necessary funds.

Why is it necessary to have a health insurance plan?

Lifestyle factors like eating and living habits, pollution, etc increase the incidence of severe diseases. Therefore, it is necessary to have health insurance as it provides coverage against costly medical expenses.

Things to know before buying a group health insurance

Choosing the right group health insurance is a tedious job. When I’ve decided to choose the health insurance plan I’m left confused and blank. In the rush of plans, I’m not able to decide the right group health insurance plan for my family.

Further, I’ve done research and jotted down important points that needed to keep in mind before buying health insurance.

Things to know before buying a group Health Insurance Royal Sundaram

Knowing the right insurance plan suiting your needs is very important. Here are some things to know before buying a Group Health Insurance:

A health insurance plan should cover hospitalization of you and your family members from an illness or accident. The cover that you get depends on the type of insurance policy and the insurance premium.

The health insurance premium is calculated on the basis of the age, tenure, medical condition and type of plan.

Things to know before buying a group Health Insurance Royal Sundaram

It should cover Pre and post hospitalization expenses at least 30 days before and after discharge.

It should have a health card that gives access to a cashless facility across the country. Right now health insurances are giving access to over thousands of hospitals across major cities in India.

Good thing is that now you will get treated without paying any medical bills. If treatment is done at a non-networked hospital all expenses usually get reimbursed within 15 days after receipt of all the documents.

Hence cashless treatment helps to reduce the burden of paperwork at discharge time and the worry of arranging for funds.

Health Insurance should also give access to helplines and free ambulance facilities. It should also cover outpatient treatment expenses in case of critical illness.

In the world of digitization, it’s necessary that Health Insurance should give online access to the medical history of the employee and his family members.

Health Insurance should also cover maternity benefits and provide tax benefit under section 80 (D) while filing income tax returns.

Things to know before buying a group Health Insurance Royal Sundaram

A family floater health plan nowadays covers the needs of you and your family. Apart from providing 100% Reload of Sum insured at no extra cost, there will no room for Capping Limits.

It not only doubles your sum insured in 5 claim free years but also Covers Ayush Treatment. It provides cashless hospitalization across 5,000 network hospitals as well as a smooth claim settlement process.

It saves money as it covers your entire family under a single family floater plan. It is the best way to plan for a safe and secure future.

I hope these tips clear doubts and help to choose the right health insurance plan that adequately covers yourself and your family members.

Dr Bushra

Gynaecologist by profession~~Food ,Health,lifestyle,Freelance Blogger~~social media influencer~~writer at heart~~Email for collaboration

8 thoughts on “Things to know before buying a group Health Insurance

  • April 16, 2019 at 10:37 pm
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    Husband ki angioplasty se pehle ghar me kisi ka medical insurance nahi tha, jabki bahut baar bola bhi tha (
    Ab lakin husband ke siwa sabka medical insurance ho gaya hai
    Thanks for informative post dear

    Reply
  • April 18, 2019 at 4:35 pm
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    In the days of spiraling health costs a good health insurance is a must. But there are so many around with so much of fine print, it can become a little overwhelming sometimes. This is good to know information for choosing an appropriate health plan for the family.

    Reply
  • April 18, 2019 at 7:08 pm
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    Most of us don’t pay attention to the pre and post hospitalisation cost coverage , A very informative post which will help us evaluate all the parameters before proceeding

    Reply
  • April 18, 2019 at 7:13 pm
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    Personally my family has been really benefited in several occasions with group health insurance. I strongly recommend it to everyone.

    Reply
  • April 18, 2019 at 7:41 pm
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    Love the fact that the group health plan covers entire family and is cost effective as compared to individual plans. Thanks for sharing.

    Reply
  • April 18, 2019 at 8:20 pm
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    I use to work in a health insurance company, so I know its importance very well.

    Glad you shared this info and making readers aware of it.

    Reply
  • April 18, 2019 at 10:12 pm
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    That is something really informative! I had no idea about group insurance policies! Will share this with dad!

    Reply
  • April 18, 2019 at 11:05 pm
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    I had very little knowledge about health insurance
    Especially, The cover that you get depends on the type of insurance policy and the insurance premium is apt and is need of the hour.

    Reply

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