Personal Finance
Check and compare the premium, features, coverage of various policies of insurance companies
Updated : Sep 10, 2019, 06:35 AM IST
Below are the most important things which you should keep in mind whilst considering buying a floater health insurance plan for your family:
Check and compare the premium, features, coverage of various policies of insurance companies. Choose a plan which fulfils your requirements of family size.
Opt for an adequate amount of sum insured considering the future requirements of all family members.
When comparing the coverage features have a look at
No capping towards room rent
No co-pay clause, no disease-wise capping or any sub-limit.
Check the network hospitals in the area for all insurers and identify the one that offers the maximum geographical coverage with cashless facility.
Check various waiting periods as health insurance plan has a waiting period clause of 12 months which can extend up to 48 months for pre-existing illnesses & certain listed diseases mentioned in the policy.
Good claim settlement ratio of an insurance company.
Shreeraj Deshpande, principal officer, Future Generali India Insurance Pvt Ltd