Our aim here will be to examine the features everyone should analyze before buying health insurance. Let us go through the details in following Indian Money review.
Indian Money Review of Health Insurance Factors
Limit on Age of Insured
As per Indian Money review Bangalore, people should select a plan where they can apply for the insurance up to the age of sixty. In addition, they should check whether the insurance plan offers lifetime renewability. This is an important consideration since there are insurance firms which forbid insurance plan renewal after a certain age.
Additionally, you need to be aware of the fact that people are allowed to avail this type of insurance up to the age of 65 as per guidelines specified by IRDA.
Review performed by IndianMoney dot com Review, C S Sudheer Bangalore, people should check if the plan they want to select offers coverage for pre-existing illnesses and critical ailments. Moreover, the best health insurance plan would have minimal waiting period with respect to pre-existing diseases.
Option of Co-payment
Co-payment is a type of payment mode in which people have to pay a certain amount from the amount they are claiming. After a certain age, many insurance companies make it mandatory for people to agree to co-payment option. Additionally, in this type of plan the premium amount remains low. But, people need to make sure the amount for co-payment is not very high or else they need to pay more when they make a claim.