A sudden hospitalisation, accident or surgery can create emotional stress and financial pressure at the same time. Health insurance can help eligible policyholders manage covered medical expenses according to the policy terms.
Depending on the policy, coverage may include hospitalisation, eligible pre- and post-hospitalisation expenses, day-care procedures and other specified benefits. Coverage depends on limits, waiting periods, exclusions and conditions.
Buying suitable coverage earlier may give you more time to compare policies and understand future healthcare needs. Individual policies and family floaters each have advantages depending on age, medical history, budget and family requirements.
Before buying, check the sum insured, network hospitals, waiting periods, room-rent limits, co-payment, exclusions, renewal terms and claim process. A lower premium is not always the most suitable choice.