There are a few things in life that we do not have much control over. Health and sickness is one of them. While a person can take a lot of precautions and stick to a healthy diet, there might still be possibilities of medical conditions. And should something like that happen, all of your savings might take a beating. Irrespective of how much savings you have, all it takes is a few days of hospitalisation to deplete them.

The easier and smarter way to handle such situations is to buy a health insurance online. You can think of a health insurance as a contract between a policyholder and an insurer. As per the contract, a policy holder must pay premiums at regular intervals. In return, the insured will offer cover for medical and surgical expenses for the policy holder.

When you do set out to buy a health insurance plan, there are quite a few types of health insurance plans to choose from. For starters, you can compare on and then buy a standard plan. With the help of a standard plan, you can avail cashless service at network hospitals. Should there be a need for visiting other hospitals, you can redeem the expenses.

You can also opt for a family floater plan, where a generic cover is applicable for the entire family. If anyone in the family needs medical attention, the plan comes in handy. There is a separate plan for senior citizens as well. Depending on your needs, you can pick up a plan. The eligibility of the plans differs accordingly.

To buy a health insurance plan a person must be at least 18 years old. Insurers usually have an upper age limit as well. While it largely depends on the insurer, you can expect the same to be around 65 years. If you wish to add any children to the plan, they must be within the age limit of 90 days to 18 years.

Buying a health insurance at an earlier stage helps you reduce the premium costs. Because as a person gets older, the possibility of health risks also increases. Depending on your insurer and the plan that you want to opt for, you might have to undergo some medical tests.

Insurers usually have some restrictions when it comes to pre-existing conditions. You might to undergo a waiting period for some of the diseases or pay a slightly higher premium for the same.

Renewal Process of Health Insurance of India

The renewal process of a health insurance plan is quite easy these days. You can simply logon to the website of an existing insurer or a new insurer and provide some basic information. Post that you can select a plan that best suits your needs and requirements. Once you have filled up the online application form, you can make the payment for the policy. On completion of payment, the policy will be emailed to your registered email id.

A smarter way to renew your health insurance policy is to visit a comparator website. You would end up entering the same details up front. But instead of getting information from a single insurer, you will receive quotes and information from a number of insurers.

You can assess the plans and choose one that fits into your budget and offers all the features that you are looking for. During renewal, make it a point to assess the plan properly. Given the ever-rising expenses, renewal is an ideal time to enhance the plan coverage.

Also, if you are not happy with your existing insurer, renewal is the time when you can switch your policy. You can shift to another insurer and avail most of the benefits of the existing plan.

Documents Needed to Buy a Health Insurance in India

Once you do make up your mind to buy a health insurance policy, there are some mandatory documents that you need to submit. Depending on your insurer, you can either send digital copies of these documents or submit photocopies to a representative. The following is the list of documents that you need to furnish.

  • Any document that serves as your age proof. Documents such as the 10th or 12th certificate, Birth Certificate, Passport, Voter ID, Driving License etc. qualify.
  • Any document to prove your identity. Documents such as Voter ID, Driving License, Aadhar Card, Pan Card, Passport etc. suffice.
  • Any proof of address includes documents such as Electricity Bill, Telephone Bill, Driving License, Ration Card, Passport etc. would qualify.

These above should be enough to aid you during the purchase of a health insurance plan.