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Insurance | December 07
Tips for first-time health insurance policy buyers

The Covid-19 era has taught all of us the importance of planning uncertainties. With the
rapidly changing lifestyle of people, ever-increasing deadly diseases and the skyrocketing
cost of medicine is an alarming situation. Below mentioned are the top 7 tips to consider
when buying health insurance for the first time in India:

1. Investing in this at an early stage: Considering the growing concern, it is the best idea
to buy a health insurance policy in their prime age. This will help in incurring low
premium, serving waiting period already in the pink of health and least probability of
rejections

2. Type of Policy: With an abundance of policies available, it is of utmost importance to
select the particular policy best suited for your needs. An unmarried person should go
for individual health coverage while it makes lesser sense for a family.

3. Know the policy: The policy comes with a bunch of coverage along with several
exclusions. It is gravely necessary for the insured to be aware of the specific illness
not covered under the plan or if any pre-existing clause.

4. List of network hospital coverage: It is always preferable to buy health insurance from
such companies with a wide range of network of hospitals. If this is not the case then
one should look for the particular set of hospitals best suited.

5. Compare the policies: Many available online portals help the individual to get a quote
for their details. It is best advised to perform such comparisons to know the best
discounts in the market.

6. A policy with life-long renewability: Such policies can help the insured and their
family to be covered for several years to come without facing any inconvenience. The
later age of an individual is the most to be worried about which can be taken care of
with such policies.

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Important Message The information contained in this file is provided for informational purposes only, and should not be construed as legal advice on any matter. The content and interpretation of the law addressed herein is subject to revision. We disclaim all liability in respect to actions taken or not taken based on any or all the contents of this file to the fullest extent permitted by law. Every effort is made to avoid errors. In spite of that, errors and discrepancies may creep in. It is expressly stated that neither Findoc Investmart Private Limited nor any of the contributors of updates will be responsible for any damage to anybody on the basis of this document. Readers are, therefore, requested to cross check with the original sources e.g. Government publications, Orders, Judgments etc., before taking any action or making any decision. These services are being provided through our group companies Findoc Capital Mart Pvt Ltd and Findoc Finvest Private Limited

Attention Investors
  • 1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
  • 2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
  • 3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

Findoc Commodities Pvt. Ltd.

Registered Office :

4th Floor.Kartar Bhawan. Near PAU
Gate No.l. Ferozepur Road, Ludhiana -141001.

FINDOC INVESTMART PVT. LTD./FINDOC FINVEST PVT LTD.

Registered Office :

SCO 210-211, Sector 34-A Chandigarh-160022

Corporate Office :

4th Floor, Kartar Bhawan, Near PAU Gate No.1, Ferozepur Road Ludhiana -141001.