4 Critical Documents Necessary for Buying a Health Insurance Plan

Looking at the increasing number of diseases every day, buying a health insurance policy has become essential. Also, it is always considered better to choose a medical insurance policy as early as you can. Reason being, as you grow old, the chances of your body contracting diseases is more.

Keep reading to know in detail about purchasing health insurance plans as well as the documents required for the same:

Health insurance purchase

Health insurance could be bought offline, as well as online. For purchasing it offline, you must contact a licensed agent or visit an insurance company’s branch office and buy the policy. However, this process is not considered to be an ideal one in today’s Digital Age. It is much more convenient if you purchase health insurance policy online because it allows you to compare multiple policies and choose between individual insurance, family floater health insurance or senior citizen polices while saving a lot of your time as well.

Documentation Required

The documentation process entirely depends upon what policy you’ve chosen as well as the platform you’ve selected to buy your policy. When you purchase a policy online, there won’t be much documentation required, when compared with the offline method.

Given below is a list of documents you will require while purchasing health insurance policy:

  1. Valid Identity Proof

Your ID proof is necessary for authentication, as the insurance company issues a health insurance plan in the name of a person or group of people (in case of group policy). For this purpose, the needed documents are; Aadhaar Card, PAN Card, Driving License, Passport, Voter’s ID, etc. along with your current photograph.

 

  1. Valid Age Proof

Before providing you insurance, health insurance companies will want your valid age proof, as a health insurance premium is directly linked with the person’s age. Documents such as Birth Certificate, PAN Card, Voter’s ID, Driving License, Passport, etc. would work as a valid age proof.

  1. Valid Address Proof

Your permanent residential address might be required by the insurance companies for sending hard copies of the policy or some other relevant communication. For Address Proof, you can submit the following documents; Ration Card, Telephone Bill, Electricity Bill, Passport, Voters ID, Bank A/C Statement, etc. Make sure that there is a mention of your name in the documents that you’ve submitted. If not, then send a supporting document or any other stand-alone document like a passport.

  1. Medical Reports

Not all health insurance policies cover pre-existing diseases. You might have certain conditions already before buying a policy. To check if there are any, the insurance companies might ask you to take up some medical tests and submit the medical reports if you are over the age of 45.

Research your way into buying the right plan

When you purchase health insurance, it is vital that you first understand what your requirements are, compare various policies and choose the option that best suits your needs on the basis of coverage, price and the insurer. It is also essential that you look into the inclusions, exclusions, terms and conditions of the policy.

It is wise to conduct online research and calculate your premium with the help of an online health insurance premium calculator before you select any health insurance plan.

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