BENGALURU: Risks are uncertain; especially associated with health care. It often leads to financial disaster and may incur at any moment in any one’s life. It’s not too late to get insured. With the health cost escalating at a rapid pace every year, it is important for every individual to have a health insurance policy according to The Economic Times.

Thanks to the Health Insurance policies which are meant to ensure the incurring medical hospitalization situations of an individual. There are plenty of options available in the market offered by both private and public sector players.

Several Medi claim policies look attractive but are not always well researched. The Economics time has identified few tips to buy a smart insurance cover to make sure that you are ready to face any emergency confidently.

1. Buying A Health Plan: Buying a health insurance policy via banks is very easy and safe. Public sector banks are usually providing health insurance with general insurers.

Most importantly, the insurances provided by such banks come with unbelievably cheaper rates as compared to the private players. The only pre condition is to have an account in the respective bank.

To put in perspective, a National Insurance Parivar medi claim policy of 5 lakh for a family with four members costs 17,972 annually. But the similar policy by Baroda Health Policy, which has been tied up with national Insurance, will cost 7,079 per year only.

This vast difference in premium works out to be better for senior citizens. But there are still some risks associated with it like risks in case of discontinuation of the plan since these are tie up products.

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