What is a Health Insurance Policy?

    The purpose of health cover is financial security from the expenditure on the treatment of diseases at an early age.
Statistics of the Central Health Department show that 80 per cent of cases in case of medical emergency are getting worse due to problems of money. In the event of an accident, you do not only have to spend money on treatment, but your ability to earn is also reduced. According to this, the person who is involved in the accident, gets double whistle.


Health insurance proves to be helpful for you in this situation. Deepali Sen, the founder of Certified Financial Planner and creation financial, said, "You can arrange medical expenses for yourself by paying a small premium at regular intervals for health insurance. It is necessary in today's era."
If you are thinking to bye Health Insurance than you should know this terms.


    7 important things related to health insurance:


 1.The ways are not wasted.
    Many people consider mediclaim or health insurance as a waste of money.

Certified Financial Planner Samant Sikka said, "It is a great thing if you do not need to claim it. There is no substitute for staying healthy and staying safe, but if you ever need it, it can save you from having a hole in your pocket. After paying a small premium, it is a matter of getting a health cover of five lakh rupees.

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2. Compare, Then Buy Health Insurance
    Before taking a health plan, carefully consider its condition. If you are not able to understand yourself, then get help from someone else. Deatel information is available to compare and plan for all companies on online site.

Health Policy Carefully understand every clause, then pay the premium. Understand the liability of the company in case of serious illness, pre-existing illness and accidents, buy plan.


3. Reduce premium on buying soon
     In the case of investment, it is said that from early on, it helps in making big assets. In the case of health cover, it is said that if you cover soon, then you will have to pay a lower premium.

If you take cover before the age of 40, then you can get maximum benefit without condition. Deepali said, 'Young people usually have fewer diseases. In this case, insurers keep premiums low for them.

Every year, renewing it from time to time will give you the benefit of no claim bonus. The married person of a middle income group should take a cover of at least five lakh rupees.

4. Honesty is the best policy
     When taking health insurance, give the insurance company the correct information about your medical records. If you give some wrong information then the health insurance company may refuse to give you the claim, which will cause you problems during the treatment.

Coin said, "It is wrong to hide old diseases while taking a health plan. Tell the insurance company clearly even if you have to pay a higher premium. Take all the information and then think carefully. '

Coin said that there is a bad effect on the mind of the claimant at the time of treatment or after that, so do not let it happen.

5. What is not included, it is necessary to know
     Medical Insurance does not cover certain things. Every insurance company has its own rules and accordingly, the company designs the policy.

Before buying a health policy, understand what does not include it. In some policies, cover of critical diseases can be taken under the rider, in some case there is no coverage in case of accident due to domestic reasons. Buy the policy only after clearing all these things.

6. Do not take policy on the already released illness
     If you have taken any Critical Illness plan that requires long-term treatment, then in this case, making a claim means that your premiums have to grow steadily. Do not get caught in this trap of taking a new policy. Bajaj said, 'Take a policy that can be renewed at any time in life.


Keep in mind that the purpose of health cover is financial security from the expenditure on the treatment of diseases at the earliest times. "Bajaj said that the disease is also very high in the elderly and generally there is no money to get treatment .

7. Do not take plan with limit / all limits
    Avoid limits like room rent limits in the hospital. It is not in your hand that you should be kept in a room during your treatment. It is not okay for you to spend all the limits set by the health insurance company for the expenses. Keep this in mind while buying a health policy and do not take such a policy.