Comparing insurance quotes online is one of the simplest and quickest ways to reach a fruitful conclusion. If this is the first time that you are planning to buy health insurance, here are a few ways in which comparing health insurance quotes can help-
1. Huge SavingsInsurance providers in India consider many different types of factors when calculating the premium for your policy. Even the weightage they give to these factors differ between insurers. So, two insurance companies can quote different premiums for a policy with the same sum insured and benefits.
By comparing the insurance quotes, you can select a policy with the cheapest premium. You can experience considerable savings by comparing the quotes rather than going ahead with the first insurer that you come across.
2. Check the Benefits and FeaturesTo better meet the needs of the consumers, insurance companies now offer many different types of benefits and features with their health policies. Maternity cover, pre/post-hospitalization, critical illness cover, and no claim bonus are some of the benefits that are common in popular policies.
With health insurance compare, you can easily go through the features of different policies and select one that is offering the best value for your money. If you also have some specific requirements, comparison can make it easier for you to choose one that best meets your needs.
3. Know the Waiting PeriodIf a policyholder is already suffering from a medical condition, most insurance policies only cover such pre-existing conditions after a waiting period which can be as high as 3-4 years. If at all any medical costs arise due to these pre-existing conditions, the insurance provider will not cover the expenses throughout the waiting period.
However, there are now a few policies with no waiting period. When you compare health insurance quotes in India, it gets easier for you to pick a plan with the lowest or no waiting period.
Compare to Pick the BestComparing quotes online is as important as buying a health insurance policy. It is only by comparing the plans that you can select an affordable policy that offers the best value for your hard-earned money.
Learn more about different Health Insurance Plans here.
The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.
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