Important Dos And Don’ts When Buying Family Health Insurance

These days, it is close to impossible to pay for medical treatment out of one’s own savings. Surgeries can often be so costly that they can wipe out your bank account completely. In such a situation, having a health insurance plan or mediclaim policy can really be a lifesaver. Now, ill health can affect almost anyone – from the youngest member of your family to the eldest. Therefore, it is advisable to buy family health insurance to secure all your loved ones.

If you buy a family health insurance plan, you will have to pay just one premium for all your family members. This might prove to be much more affordable than buying individual plans for each family member.

In this article, we will list down a few DOs and DON’Ts that will guide you on the right track when you buy family health insurance. Let’s get started –


  1. DO compare plans across insurance companies

Buying a family health insurance policy requires good planning. First, note down your requirements; then, compare policy options across insurance companies. Make sure to tick off each expectation you have for coverage as you go through plans. This way, you will be able to select the best health insurance for your loved ones.

  1. DO check the affordability of the plan selected

The premium of your family health insurance plan can get a bit costly, especially if many senior members are covered. Therefore, do be sure to ensure that the coverage is affordable by comparing the premium across a few insurers.

  1. DO make sure to read the policy details

Even if you are getting help from an insurance agent, make sure to take a few minutes to read the policy coverage details on your own. This way, you can get to know important information like the waiting period, sub-limits and so on.

  1. DO check the location of the network hospitals

Finally, do pick an insurer who has network hospitals close to home. This will help you easily make cashless claims.



  1. DON’T forget to look at the insurance company’s reputation

It is extremely important to choose a reliable insurance company for health insurance. To know whether an insurer is worth your time, check their customer reviews and look at their claim settlement ratio.

  1. DON’T choose a plan simply because it is the cheapest

Choosing a plan simply because it is the cheapest option available is one of the biggest mistakes you can make. If you do this, you can end up with coverage that does not suffice. Considering that a family health plan covers several members, you put all your loved ones at risk of being underinsured.

  1. DON’T neglect the exclusions

Many people often forget to read the exclusions when buying health insurance. Always read the exclusions listed in the policy fine print. If you have any doubts on the exclusions, talk to the insurance company and get your queries addressed.

We hope that the points mentioned here will help you find the best health insurance for yourself and your loved ones. All the best!

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