Buying health insurance plans online is always a fast and cost-effective option. Insurance companies now offer some of the best health insurance plans online. They come with a wide variety of different insurance plans such as family health cover, surgical plans critical disease plan and more. This article will tell you everything you need to know about health insurance plans and the benefits of purchasing such plans online.
Q1. What is Health Insurance?
A health insurance plan will help cover the cost of surgery expenses as well as other medical expenses that is incurred by the insured individual. With a health insurance plan, you as an insured individual will either have to pay the expenses out of your pocket, which will be reimbursed soon by the insurer or the insurance company will directly settle the bill with the hospital, thereby allowing you to enjoy the benefits of cashless hospitalisation. Of course, the benefits of your health insurance plan will be subject to the terms and conditions of the policy.
Some of the Features of a Health Insurance Plan
Coverage – A health insurance plan provides comprehensive coverage. Some health insurance plans also offer you critical illness cover for heart diseases, kidney problems or cancer. Usually, critical illness is not a part of basic health plan, it’s an add-on that you could opt for as additional cover.
Renewal Discounts – With a health insurance policy you also get the benefit of renewal discounts that will be given to you at the time of renewal after a claim-free year. This benefit is called as No Claim Bonus.
Co-payment – There are also quite a few health insurance policies that provides you with the option of co-payment. This helps to decrease your insurance premium. With this type of health insurance plan, a certain percentage of your expenses for treatment will be paid by the insurance company, while the remaining portion will have to be paid by you.
Tax Benefits – With a health insurance plan, you also get tax benefits under Section 80D of the income tax Act.
Benefits of Buying a Health Insurance Plan Online
Here are some of the advantages of purchasing your health insurance policies online.
- Purchasing Benefits
When you purchase your health insurance policies online, you directly deal with the health insurance company, hence, you save on the distributors’ commission. The entire process of buying health insurance online requires less paperwork since it is done via the internet. This is a very cost-effective way as well. These savings that you make are then shared in the form of lesser premiums.
- Avail an Informed Deal
Online health insurance allows you to select a plan after doing a thorough research. Nowadays, there are many aggregator sites that also help you to do an insurance comparison online so that you can make a calculated decision. Besides, whenever you decide to purchase a plan online, you can always do a comparison of coverage, claim process, plan term, benefits offered and renewal. This way, you can easily look at the pros and cons and choose the right health insurance plan that meets all your requirements.
- Can Avail Automated Services
What’s great about online insurance platforms is that it’s not restricted to just selling their products. Instead, they are a channel where you can go ahead and download brochures or policy documents, get insurance quotes, renew your policy online, pay your annual premiums online, know when your policy lapses, track all your investments and make claims, whenever needed.
One of the best parts about buying an insurance policy online is that you do not have to depend on anyone. Also, the process of purchasing a policy online is a hassle-free experience that allows you to make transactions without wasting any time at all. With online insurance plans, you do not have to bother about rushing to your insurer’s office to clear your doubts because you can simply write or talk to them over the phone in case you have any queries.
Some Other Important Benefits of Purchasing a Health Insurance Plan Online
- Prompt Services
Insurance companies also come with prompt services such as live chat features on their websites. With this kind of feature, you can directly talk to any member of the customer support team about any problems or doubts you have regarding your policy and get a reply right away. Also, toll-free numbers are available, where one could register a complaint and get the information online.
- Make a Purchase Based on Online Reviews
It’s a known fact that reviews play a crucial role in the success of any business. These are simply feedbacks that are given by existing customers about their experiences with the company and the products that are offered. So, whenever you buy online health insurance, you can check for reviews to get an idea about the services and products that are offered by the company. When you purchase a plan through other sources, you do not get the benefit of checking the feedback of other customers. So, this definitely proves to be a much better option when purchasing health insurance plans online.
- Exclusive Offers
With more and more people choosing to purchase their life insurance online, insurance companies have now started offering exclusive offers and deals with their health insurance plans. This is a great advantage for the people opting to purchase policies online as compared to other sources.
- Security of Policy Documents
Taking care of policy documents can seem like a task for many. There are many instances where policyholders lose their important policy documents and it’s a very cumbersome process to get a duplicate copy reissued from the insurance company. This situation can be avoided if you purchase your health insurance policy online. With online insurance, you will receive a soft copy of your policy documents, so you do not have to worry about misplacing it.
Though online insurance policies offer you the best health insurance plan, you should also keep in mind the inadequacies that come with it and be careful whenever you purchase a policy online.
One response to “3 Benefits of Buying a Health Insurance Plan Online”
A good information provided. There is no debating the importance of having insurance in a country like India where medical expenses are sky-rocketing. Everyone must buy a good health insurance policy that includes medical costs, hospitalization costs, medication and laboratory test costs, including critical illness. Appreciate the article.