Team AckoJul 22, 2021
If you are thinking of buying a health insurance policy, stop thinking and purchase one right away. The sooner you purchase a health insurance policy, the better. Usually, as people age the number of complications in the body increases. As a result, health insurance companies charge a higher premium for insuring people beyond a certain age.
You can opt from different types of health insurance plans. Some popular types of health insurance plans are Critical Illness, Family Floater, Maternity Cover, etc. Read ahead to know more about buying health insurance plans and the documentation required for it.
You can purchase health insurance offline or online. The offline method involves purchasing through a licensed agent or visiting an insurance company’s branch office and buying the policy. Such a process is archaic and not ideal in today’s Digital Age. The online method is much more rewarding. It saves time and money as well. New and old health insurance companies are now focusing on the online platform to offer better health insurance policies and top-notch services.
Documentation required to purchase health insurance is dependent upon the type of policy chosen and the platform from where the policy is being purchased. For example, the extent of documentation in the online process is extremely low as compared to the offline method.
Here’s a list of documents that might be required for purchasing a health insurance policy.
A health insurance plan is issued in the name of a person or group of people (for group insurance policy). Thus, an identity proof might be required for authentication. The documents that can be accepted for this purpose are; Aadhaar Card, PAN Card, Driving License, Passport, Voter’s ID, etc. you might also be asked to submit your current photograph.
A health insurance premium is directly linked with the person’s age. Health insurance companies might ask for a valid age proof before insuring an individual. Any of the following documents should work as a valid age proof; Birth Certificate, PAN Card, Voter’s ID, Driving License, Passport, etc.
Insurance companies might need your permanent residential address in case their process involves sending hard copies of the policy or other relevant communication. You can submit the following documents as address proof: Ration Card, Telephone Bill, Electricity Bill, Passport, Voter’s ID, Bank A/C Statement, etc. Note that your name must be mentioned in the submitted document. If it is not mentioned (for example, electricity bill), it is better to submit a supporting document or another stand-alone document (for example, passport).
This is not a common requirement. Your salary slips would suffice if such a proof is demanded.
Certain health insurance policies may not cover pre-existing diseases. They are diseases that a prospective policyholder has before purchasing a policy. To verify, insurance companies might want you to undergo some medical tests and submit the medical reports. The reports needed will be specific to the type of health insurance plan chosen.
The right way to purchase health insurance is to understand one’s requirements, compare policies, choose the best option based on coverage, price, and the insurer. Pay special attention to the inclusions, exclusions, terms and conditions related to the policy and get doubts clarified before purchasing the plan.
Do not simply go with a plan chosen by your friend. Their requirement might be different from yours. Also, do not blindly trust an agent. It is better to conduct some basic online research before purchasing a health insurance plan.
Want to post any comments?
Get affordable Standard Health Insurance Policy Online.
Plans starting from Rs. 3,099/year*
Health Insurance for Senior Citizens: Features, Benefits and Limitations
Team Acko Jul 27, 2021
Car Insurance Grace Period: Meaning and Importance
Team Acko Jul 26, 2021
How to change address in the two-wheeler insurance policy
Team Acko Jul 23, 2021
Top 16 Safest Cars in India 2020 With Global NCAP Rating
Team Acko Jul 22, 2021
RTO Office in Sangli (MH 10): Helpline Phone Numbers
Team Acko Jul 21, 2021
ACKO General Insurance Limited
2nd Floor, #36/5, Hustlehub One East, Somasandrapalya, 27th Main road, Sector 2, HSR Layout, Bengaluru, Karnataka - 560102
We’re socially active!
Download our app
Articles on insurance
IRDAI Registration No: 157
Category: Non-Life Insurance
The use of images and brands are only for the purpose of indication and illustration. ACKO claims no rights on the IP rights of any third parties. The ratings are derived from reviews and feedback received from Google and Facebook users on their respective platforms.
Trade logo displayed above belongs to ACKO Technology & Services Pvt Ltd and used by ACKO General insurance Limited under License. For more details on risk factors, terms, conditions and exclusions, please read the policy wordings carefully before concluding a sale.