With the rising healthcare costs and increasing incidence of illnesses, health insurance has become a necessity for individuals and families. In India, there are several health insurance policies available from various insurers, each with different features and benefits. Choosing the right health insurance policy can be a daunting task, especially for first-time buyers.
Health Insurance Policybazaar – Buy Health Insurance Policy Online Policybazaar
However, buying a health insurance policy online can make the process much simpler and faster. In this article, we will guide you through the process of buying a health insurance policy online from Policybazaar, one of the leading online insurance aggregators in India.
Health insurance policies provide financial assistance to individuals in case of medical emergencies. With the increasing cost of healthcare, having a health insurance policy has become a necessity. However, buying a health insurance policy can be a daunting task, especially for individuals who are new to the process.
Policybazaar is one of the leading online insurance marketplaces in India. It offers a range of insurance products, including health insurance policies. Buying a health insurance policy from Policybazaar is a simple and hassle-free process. Here are the steps you need to follow:
Step 1: Research and compare policies
Before you buy a health insurance policy, it is essential to research and compare policies from various insurers. Policybazaar provides a platform where you can compare health insurance policies from leading insurers in India. To start your research, go to the health insurance page on Policybazaar’s website (https://www.policybazaar.com/health-insurance/health-insurance-india/). Here, you can find a list of health insurance policies from various insurers, along with their features, benefits, and premiums.
Step 2: Choose the type of health insurance policy you need
There are different types of health insurance policies available on Policybazaar. You need to choose the type of policy that suits your requirements. Here are some of the common types of health insurance policies:
- Individual health insurance policy: This policy covers an individual against medical expenses incurred due to an illness or injury.
- Family health insurance policy: This policy covers the entire family under a single plan. You can include your spouse, children, parents, and in-laws in the policy.
- Senior citizen health insurance policy: This policy is designed for individuals above 60 years of age. It covers medical expenses incurred due to illnesses and injuries.
- Critical illness insurance policy: This policy covers specific critical illnesses such as cancer, heart attack, and kidney failure. It provides a lump sum amount on diagnosis of the illness.
To compare policies, select the type of policy you are looking for, such as individual, family floater, senior citizen, or critical illness. You can also filter policies by the insurer, sum insured, and policy duration. Once you have selected your preferences, click on the ‘Compare’ button. This will show you a list of policies that match your preferences, along with their features and premiums.
Take your time to compare policies and read the policy documents carefully. Look for the features and benefits that are important to you, such as coverage for pre-existing illnesses, hospitalization expenses, ambulance charges, and room rent. Also, check the exclusions and limitations of the policy to ensure that you are aware of what is not covered.
How to Renew a Suspended LicenseOnce you have decided on the type of policy you need, you can proceed to the next step.
Step 3: Calculate premium and select coverage
Once you have shortlisted a few policies that meet your requirements, you can use Policybazaar’s premium calculator to calculate the premium for each policy. To use the premium calculator, click on the ‘Calculate Premium’ button next to the policy you want to buy. This will take you to a page where you need to enter some basic details such as age, gender, and sum insured.
After entering these details, the premium calculator will show you the premium for the policy. You can also customize the coverage and add-ons to the policy to see how they affect the premium. For example, you can increase the sum insured, add maternity cover or critical illness cover, or opt for a higher room rent limit.
Step 4: Fill in personal details and medical history
Once you have selected the policy and coverage, you need to fill in your personal details and medical history. Policybazaar’s online application form is simple and user-friendly, and you can complete it in a few minutes. To start filling the application form, click on the ‘Buy Now’ button next to the policy you want to buy.
In the application form, you need to provide your personal details such as name, date of birth, address, and contact details. You also need to provide your medical history, including any pre-existing illnesses and medication you are taking. It is essential to provide accurate information as any discrepancies can affect the claim settlement process.
10 Common Health Insurance Myths BustedStep 5: Make payment and complete the purchase
After filling in the application form, you need to make payment to complete the purchase of the policy. Policybazaar provides multiple payment options such as credit card, debit card, net banking, and wallets. You can choose the payment method that is convenient for you.
Once the payment is made, you will receive a confirmation email and SMS from Policybazaar. The insurer will also send the policy documents and other details to your registered email id and address.
Step 6: Receive the policy document
After you have made the payment, Policybazaar will send you the policy document via email. The policy document will contain details about the policy such as the coverage, premium, and terms and conditions. You should read the policy document carefully and understand the policy before availing of any medical services.
Why Buy Health Insurance Policy Online?
In today’s world, healthcare costs are constantly rising, and medical emergencies can occur unexpectedly. In such a scenario, having a health insurance policy can provide financial security and peace of mind. With the advancement of technology, it is now possible to buy a health insurance policy online. In this blog, we will discuss why you should consider buying a health insurance policy online.
Convenience
One of the biggest advantages of buying a health insurance policy online is the convenience it offers. You can buy a policy from the comfort of your home or office at any time of the day. You don’t have to worry about visiting an insurance company or an agent’s office. You can simply log on to the insurer’s website, choose the policy that suits your needs, and make the payment online. The policy document will be sent to your email address, making the entire process hassle-free and time-saving.
Lower Premiums
Another advantage of buying a health insurance policy online is that the premiums are often lower than buying the policy through an agent. This is because insurance companies save on distribution costs when policies are bought online. Additionally, many online insurance marketplaces offer discounts and cashback offers to customers who buy policies through their platform.
Easy Renewal
Renewing a health insurance policy can be a hassle, especially if you have to visit an insurance company or an agent’s office. However, when you buy a policy online, the renewal process is much simpler. You will receive timely reminders about the renewal of your policy, and you can renew it online with just a few clicks. The policy document will be updated and sent to your email address, making the entire process hassle-free.
In conclusion, buying a health insurance policy online is a convenient, cost-effective, and hassle-free option. It offers a range of benefits such as easy access to information, lower premiums, easy renewal, and a simpler claim process. If you don’t have a health insurance policy yet, consider buying one online today and secure your future against any medical emergencies.
