What are the important things to check in the health insurance policy?

1. Check the list of hospitals that are tied up with the insurance company

2. Check the waiting period for pre-existing diseases. Usually an insurance company covers the expenses on pre-existing diseases after a period of 3 years.

3. Check if there is a clause of co-payment (means that the policyholder has to bear some percentage of expense of the claim). The co-pay clause is usually a feature in senior citizen health insurance policies.

4. Check the exclusions in the policy. This is important as one should be aware of the limitations in your policy and therefore avoid any chaos at the time of a claim.

This are some important things one should keep in mind before opt the policy.