And while it’s always better to prioritize a policy that extends maternity benefits, know that this usually pushes the price of the product much higher. These costs are collectively termed maternity costs. If you’re hospitalized during childbirth, then you may have to incur significant costs during delivery of your newborn, child care and other related matters during the course of the hospitalization. But anything less than that is just insignificant. Ideally, a 50% no-claim bonus every year is the gold standard. This extra cover is categorized as a no-claim bonus. And they offer such incentives by offering extra cover on top of the existing sum insured. Some policies will tell you that they will incentivize you for not making a claim in any given year. This cooling period is referred to as the Pre-existing-disease waiting period. And they may tell you that they will only cover these illnesses after some time. If you’re suffering from a lifestyle condition or if you’ve had surgery in the past, or if you’re dealing with an acute or chronic illness at the time of buying the policy, then the insurer may classify this as a pre-existing disease. If you had to pick between two products, you’d probably be best advised to pick a policy that extends Ayush Benefits as well. These treatments are collectively categorized as Ayush treatments. However, on some occasions, you may want to pursue alternative treatments including homoeopathy, Ayurveda, Unani and Siddha. Most policies only cover treatments administered in a registered medical facility. However, if you have to settle for something less, you probably could go with a policy that extends a single private room with AC. Once again, the best approach is to pick a policy that doesn’t impose any restrictions on this front. If you were to breach either criterion then the insurance company may ask you to pay a portion of all the expenses you incurred while staying in the room. If the policy does impose room rent restrictions then the insurer may only let you stay in a room of a certain specification or impose a cap on the total room rent. Ideally, you want to buy a policy that doesn’t impose a co-payment clause. 2,00,000 and the co-payment is set at 20% then you could be asked to pay Rs. With a co-payment clause, the insurer will mandate that you pay a part of the bill. You can use our comparison tool to tell which policies offer. Ideally, you want to buy a policy that offers value for money i.e you want something that isn’t overly expensive but isn’t very basic in structure. It depends on your age, your health conditions, your location and the features you pick. What’s a good price point for a policy you ask? Well, there’s no easy answer. You want to be able to buy a policy that’s relatively affordable with decent features. The first metric is always the same – Price. It’s better to evaluate every policy along two verticals. So instead of simply assigning a star rating based on your subjective assessment. And a star rating may mislead you into buying the “general policy” and you’ll likely waste a lot of time in the process. In which case your only alternative is the heart policy. The reality however is that the “general policy” may not be made available to you since your present a specific heart condition. The star rating will have you convinced that the heart policy is a poor alternative since these products usually come with many restrictions. You could be comparing a policy specifically meant for a heart patient with a policy marketed for the general public. However, this system doesn’t work well when you are comparing two health insurance policies. Every product is rated along a 5-star scale and you can tell what’s better by seeing who gets a higher star rating. Take for instance a rating method involving stars. Most people are used to a simplistic comparison model.
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