Don’t buy health insurance without knowing this!

             Written by: Ehsan Siddiqui

30 September 2025

Health insurance is your shield in times of crisis, but buying one can be confusing, especially if you don't have the right knowledge. So here's what you should know before health insurance.

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There are four types of healthcare insurance plans: family floater, group health insurance, individual health insurance, and critical illness coverage. Select the plan that fits best according to your needs.

Type of Insurance

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The cost of health insurance is determined by your age, location, desired level of coverage, and other variables. To avoid being burdened later, it is crucial to choose a plan that you can afford.

Budget

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You must review the inclusions and exclusions listed in your policy papers before purchasing any health plan. Ignorance about your policy's restrictions and inclusions can result in denied claims and out-of-pocket costs.

What's Covered & What's Not

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Check the hospital network covered under the coverage. Your preferred hospitals, particularly those close to your home and place of employment, should be covered by the policy.

Hospitals Network

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Most health insurance plans have a waiting period or maturity date. It can range from 6 months to about 2 years. Determine how long you can wait and choose the insurance accordingly.

Waiting Period

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After a medical emergency, the last thing you want to do is deal with the intricacies of the claim procedure. Thus, it is best to choose a health plan with a greater claim settlement ratio and a hassle-free process.

Claims Settlement

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