Buying health insurance

By iTrust Financial Advisors (www.iTrust.in)

Health insurance is one of the financial products that every individual and family must have. Health care costs are rising. Rather than put yourself and your family at any financial risk, its worth spending a few thousand rupees per annum to get the even the most basic of health insurance coverage.

Here we give you some tips on how to buy health insurance.

How to buy in 5 easy steps

1. Decide on the family members that you want to cover through health insurance

2. Decide on the amount of coverage needed, based on your estimate of health costs and your existing coverage from employer provided insurance etc.

3. Compare the options of taking individual policies vis a vis a floater policy, or critical illness or other specialized policies based on your requirements.