Here are Senior Citizens’ health insurance tips and general tips to buy health cover in India
Staying with the same insurance company is very important since once you are hospitalised with a disease it will continue to be covered in later years only if you buy the policy from the same insurer. If you shift to another insurance company then at that stage that particular disease will be treated as a pre-existing disease by that company and will not be covered for a few years.
Policy renewable up to: It is a known fact that it becomes difficult to get a fresh policy as your age increases just when your need is the highest. Hence the maximum age up to which the policy is renewable, is very important.
Premium increases in later years. Insurance companies have different pricing strategies and depending on your age the premium is different. So it is advisable to look at not just current premiums but also future premiums.
Permanent and temporary exclusions: Most policies exclude hospitalisation expenses temporarily or permanently for a whole lot of diseases or treatments. This is different for different companies. You should look at the policy workings to get a sense of what is permanently or temporarily excluded.
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