Over time, medical costs have increased significantly. Hence, more people have started opting for Health Insurance. It covers all the medical expenses involved in the treatment of their illness. It provides much-needed financial assistance during medical emergencies. Moreover, it even funds out-of-pocket costs like hospitalisation charges, doctor’s consultation fees, etc.
But to make the most of Health Insurance Plans, it is necessary to have extensive coverage. Only then can the insurer enjoy maximum benefits for the premium they pay. If you, too, want to boost Insurance coverage, there here are some practical tips to help you:
Choose a reliable Insurance provider
Such insurers provide access to various offerings. It enables you to extend your coverage effectively. Hence, you should take your time before picking one. It is advisable to look for the most reputed providers that offer Health Insurance in India. Then, go through the customer reviews of each for more clarity.
Opt for Super Top-Up Plans
This offers additional protection to your online Health Insurance coverage. It is useful when your medical bills exceed your base Health Policy’s sum assured limit. For example, you get diagnosed with a terminal illness. The treatment drains Insurance assured amount. In this case, a Super Top-Up Plan boosts your coverage. It allows compensation for the lack of funds.
Note that these plans are only effective when your hospitalisation expenses surpass the existing policy coverage.
Increase the existing sum insured
While renewing your Health Insurance Policy, you can change your sum insured. In such cases, consider increasing it. Although it might increase your premium slightly, it enables you to extend your cover. This way, you get adequate coverage for your and your family’s medical needs.
Invest in add-on covers
Every General Insurance comes with specific add-on covers. Some of the most popular ones include:
- Room Rent Waiver
- Critical Illness Cover
- Personal Accident Cover
- Maternity Cover
Investing in such offerings is an excellent way to increase your Medical Insurance coverage. It is also effective in lowering your premium.
Look for a cumulative bonus
You receive a cumulative bonus if you do not make any claims during the policy year. Such a bonus provides:
- Discounts on your premium
- Increased sum insured at the same premium
Seeking a cumulative bonus enables you to enjoy more coverage at the exact premium cost. It is wise to invest in them.
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