Buying health insurance? Seven key things you must check

Insurance often holds surprises for policyholders when they need it the most. You must have heard many such stories. Therefore, reading the fine print before purchasing a health insurance plan is essential. Sure, reading the terms and conditions of a plan may seem daunting, but you can use a quick shortcut (Ctrl + F) to search for the important terms by accessing the document online. The keywords you need to look out for in the specimen are as follows: Sub-limit What it means: Many health insurance policies add specific sub-limits, which cap expenses like room rent, ICU charges and doctor's fees. For instance, a policy might restrict room rent to 1 per cent and ICU charges to 2 per cent of the total insured amount. For example, a Rs 10 lakh policy may only cover up to Rs 10,000 for room rent and Rs 20,000 for ICU charges per day. What you should do: Please check the sub-limit. Having a low sub-limit for basic expenses like room rent can be problematic when you need care the most. In fact, it's better to pick a plan without these restrictions. The fewer the sub-limits, the more beneficial the plan. Did you know?: Health insurance plans typically un

This article was originally published on March 21, 2024.