Health Insurance Plans provide a safety net for medical expenses. One such option is the Arogya Supreme Policy. Various Insurance providers offer it. However, you should evaluate certain things before buying one. Here is a list for your understanding:
- Healthcare needs
The first step in selecting an Arogya Supreme Policy is to assess your healthcare needs. Consider factors such as your age, the number of family members to be covered, any pre-existing medical conditions, and the types of medical services you require. Understanding your specific healthcare needs helps you choose a policy that provides adequate coverage.
- Inclusions & exclusions
Every Health Plan has specific inclusions (what is covered) and exclusions (what is not covered). Carefully review them in the Arogya Supreme Policy documents. Make sure the policy covers the medical services and treatments you may need. Pay special attention to any specific exclusions that might affect your coverage.
- Coverage limit
Like Critical Illness Insurance, the Arogya Supreme Policy has a coverage limit. This limit defines the maximum amount the Insurance company pays for your medical expenses. You should evaluate whether the coverage limit offered by the policy is sufficient to cover potential healthcare costs. For this, consider factors like rising healthcare expenses and the cost of medical treatments in your area.
- Waiting periods
The Arogya Supreme Policy has a waiting period for specific treatments or pre-existing conditions. During this period, you may be ineligible for coverage. Review the waiting periods associated with the policy. Understand how they could impact your immediate healthcare needs.
- Network hospitals
Insurance Policies often have a network of hospitals and healthcare providers with whom they have tie-ups. So, check if your preferred hospitals and doctors are part of the network. Utilising network providers helps you enjoy cashless treatments. It makes the claim process smoother.
- Premium costs
Evaluate the premium costs associated with the Arogya Supreme Policy. Premiums usually vary based on age, the number of family members covered, and the coverage amount. See if the premium fits within your budget and provides the desired coverage.
- Co-payment & deductibles
Co-payment and deductibles are out-of-pocket expenses you need to bear when making a claim. The Arogya Supreme Policy may have co-payment clauses for specific treatments.
- Renewal terms
Review the renewal terms of the policy. Understand whether the policy offers lifetime renewability or has an age limit. Policies with lifetime renewability provide long-term coverage, especially as you age and may require more medical attention.
- Customer reviews & claim settlement ratio
Research the Insurance provider’s reputation by reading customer reviews and checking their claim settlement ratio. A high claim settlement ratio shows that the insurer is reliable and settles claims efficiently.
Conclusion
The Arogya Supreme Policy serves many benefits to policyholders. However, making a few considerations is essential. The mentioned list serves as a practical guide to help you do so.
