right health insurance plan

How to Make the Most of Your Health Insurance Plan

19th September 2019 8min read 683 views

Picking the right health insurance plan for your needs can be quite difficult. There are a plethora of options available in the market, which often leads to more confusion than anything else. If you're a first-time health insurance buyer, you may have a number of questions on your mind. You may want to know how you can make the most of your policy or which add-ons you should opt for. If you are being plagued with similar worries, we’ve got a few tips that will help you invest in a policy that will give you the freedom to live your best life.

1. To begin with, choose the right plan

Opting for a plan simply because somebody recommended it to you isn't always the best option for you. Find a way to compare the various plans being offered and see which one suits your budget and your needs best. When you're buying insurance for your family members as well, don't forget to check whether individual policies will work better or if a family floater plan would be the best option for you.

2. What next?

Once you've chosen the right plan, you can find ways to maximise its benefits. Here are a few tips that may help you:

  • Opt to co-pay: When you choose to co-pay, you're willing to pay a small percentage of the total amount for every claim that you lodge. When you pick the voluntary co-pay option while purchasing your policy, you can enjoy a lower premium and use the savings to get more add-ons and better cover.
  • Select the right add-ons: Every insurance provider will allow you to enhance your cover by purchasing a wide range of add-ons for a small fee each. Remember to pick the ones that are most suitable to you and your current medical needs. For example, if you opt to purchase the EGI health policy with the EGI health 241 add-on, you can get covered for the second year for free if your first year is claim-free.
  • Stay within the network: Insurance providers today have a vast network of hospitals where they offer cashless hospitalisation facility. If you choose to get your treatment done at a network hospital, the claims process becomes smoother and easier, leaving you free to focus on your health instead of lengthy paperwork. In fact, you can even choose your insurance provider based on the hospitals empanelled with them. This gives you the freedom to get your treatment done at a facility of your choice while still benefitting from the cashless hospitalisation facility.

Remember, your health policy can look after your finances while you look after your health and your loved ones. Always do your research before you pick a plan and don't forget to select the right add-ons for your needs. To learn more about the health insurance plan variants we offer, click here.

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