The top 10 things to look for in a mediclaim policy

Buying a medical insurance policy in India can be a daunting task. With so many policies available, it can be difficult to decide which one is best suited for you and your family.







Here are the top 10 things to look for when selecting a medical insurance policy in India.
Coverage

The most important factor to consider when buying a medical insurance policy is the coverage it offers. Look for policies that have adequate coverage for medical expenses, hospitalisation, pre- and post-hospitalisation, and daycare treatments. Make sure the policy covers you and your family members for a variety of medical treatments.
Pre-existing conditions

Most medical insurance policies in India do not cover pre-existing conditions. Be sure to read the terms and conditions of the policy carefully to see if pre-existing conditions are covered or not. If not, then you may want to look for a policy that does cover them.
Co payments

Copayments are the amount you will have to pay out of your own pocket when you avail yourself of medical treatment. Look for policies that have low co-payment requirements. This will help you save money in the long run.
Network of hospitals

The network of hospitals covered by the mediclaim policy is also an important factor to consider. Make sure the policy covers hospitals in your area so that you can avail of medical treatments without having to travel far.
Claim settlement ratio

The claim settlement ratio is the percentage of claims settled by the insurer. Look for policies with high claim settlement ratios, as this indicates that the insurer is more likely to settle your claims in a timely manner.
Cashless treatment

Look for policies that offer cashless treatments at network hospitals. This will help you save time and money, as you will not have to worry about paying for the treatment out of your own pocket.
Waiting period



Most medical insurance policies have a waiting period before they start covering certain medical treatments. Be sure to check the waiting period of the policy to ensure that you are covered for the medical treatments you may need in the near future.




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