With so many different health insurance plans out there offering EMIs’ it can be difficult to know which one to choose. There are some factors to look out for, such as:
- Look for a health insurance that has no cost EMI, meaning there are no additional costs when compared to a single annual premium.
- Ensure the policy provides coverage for your healthcare needs and the number of people you’re covering in your health insurance policy.
- Check for what is excluded in your health insurance policy by reading through the terms and conditions.
- Make sure the insurer provides cashless hospitalization, and has a reputable customer service record.
In a country like India, where the affordability of health insurance is an issue, the option to take monthly EMIs is a great benefit. It can allow people to get comprehensive healthcare coverage even when those policies were originally out of their reach.
Thus, as long as you do not overlook the cons of buying health insurance on EMI, it can be an excellent and affordable way to keep yourself and your family protected from rising medical expenses.