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Steps to Buying Hospitalisation Plan

Betty had a hospitalisation plan that she thought was better. 
But it poorly covered her during a medical emergency.  
So, Betty bought a daily cash hospitalisation plan, 
To make her health coverage better.  

This sounds like a tongue-twister. Well, by now, you might be aware of Betty and her inclination to make things better. You, too, can do the same for your health insurance by extending it to cover non-medical expenses during medical emergencies. 

Read this blog to know more about the daily hospitalisation cash plan.

Now that you know the benefits of buying a hospitalisation plan, let’s see what helped Betty choose her perfect hospitalisation plan:

Choosing the right hospitalisation plan

Know your needs

For choosing the right hospitalisation insurance, it is essential to know your medical needs. For example, if you are suffering from any critical illness, what types of plans will cover them. 

You should note that the daily cash hospitalisation plan also has specific exclusions. For example, treatment of end-level renal disease, hernia and other critical illnesses is not covered under this plan.

It would help if you also decided whether you want it for yourself (personal) or your family (floater). 

Compare policies

Once you are aware of your medical insurance needs, you can get into comparing policies. You can look for the amount of coverage that different companies are offering. Since the amount paid in a daily cash hospitalisation plan is fixed, you need to choose a suitable amount that might cover you well during emergencies. 

It is also worthwhile to look at the company’s reputation, waiting period, tenure of the policy, hospitalisation days ceiling, renewability, list of network hospitals and more while choosing a hospitalisation plan. You can also look at convalescence or recovery expenses offered by various hospitalisation plans. And, of course, you need to compare the policy premiums. 

Zero-in on a hospitalisation plan

Health insurance companies offer various hospitalisation plans. For different plans, there are different eligibility criteria. For example, there might be monthly income criteria of ₹50,000/- or more for some plans. Whereas for some plans, there might be no such minimum monthly income eligibility. 

The maximum sum assured for different types of plans offered by different companies is different. You need to check and find out plans that suit your requirements (and income eligibility) for hospitalisations.

Visit an insurance broker’s portal

It will look like an elaborate comparison list. But don’t worry. You can get all these details at your fingertips by visiting an insurance broker’s portal (website or mobile application). All you need to do is enter a few basic details, like your date of birth, gender, and other essential information. Then you will get quotes from different health insurance providers in no time. Thus comparing various aspects of different hospitalisation plans can be hassle-free.

Buying a daily cash hospitalisation plan is a simple process. After choosing your hospitalisation plan match, you can fill in the proposal form, review your policy, make your purchase and download your policy schedule. 

That’s it! You are ready with your double powered guard against medical emergencies.


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