Health Insurance Tips and Tricks : 10 Smart Tricks To Find The Best Health Insurance Plan in India


3 min read

We tend to ask for recommendations when we are new to some fields. It is common for us to ask for recommendations on restaurants, books, movies, etc. Some of us even ask our friends for health insurance policy recommendations.

It is a noble idea to ask for recommendations, but what works for your friend or relative might not work for you. If you buy a medical health insurance policy on your own, you understand and learn more about the policy.

Popular Health Insurance Companies

Here are 10 smart ways to find the best health insurance plan in India.

1. Right Sum Insured

One of the main reasons for buying a medical health insurance policy is to offer financial freedom from medical expenses. Look for a plan that offers the highest sum assured. This would ensure that you or your loved ones get the best treatment available.

2. Insurer’s Repute

You can compare insurance policy on offer by various insurers to aid you in the buying process. During comparison do not forget to check out the insurer’s reputation. You would want to buy a policy from an insurance company that is approachable and helps you when in need.

3. Network Hospitals

Insurance companies have tie-ups with several hospitals. If you visit these hospitals during an emergency or even a planned visit, you can exercise cashless claims. Your insurance company would settle the charges with the hospital so that you can focus on getting well.

Also Read: Best Insurance Policy for NewBorn Baby in India

4. Add-Ons

If you wish to make the most of your medical health insurance policy, you can opt for a base plan along with add-ons. Though the add-ons come at a small premium, their benefits can far outweigh the premium.

5. Compare Insurance Policy

Comparing health insurance plans by insurers will help you save considerably on premiums. While also getting a feature-packed policy. You can take the help of any insurance aggregator to compare the policies.

6. Family Floater Plan

It is advisable to opt for a family floater health insurance policy. This will safeguard the health and finances of your loved ones. Family floater plans offer quite a bit of feature and at times a bit more economical as well.

7. Details Related to Age

Health insurance plans usually have limits and conditions when it comes to the age limits of family members. You can check the age limits for the youngest and oldest family members as you compare policies.

8. Incurred Claim Ratio

An insurer with a higher incurred claim ratio is desirable. A better ratio indicates better chances of your claim being settled.

9. Sub-Limits

As you compare insurance policy, look for sub-limits. Essentially, health plans have limits for each component such as room rent, ambulance charges, etc.

10. Feature Loaded

One must not jump at the most affordable plan available, rather look at the features on offer. A policy with a well-rounded cover is what you need, at affordable prices.

The above tricks will help you bag the best health insurance policy out there.

Also read: Health Insurance Tax Benefits Under Section 80D | World Leprosy Day 2023 – Theme, history and things you might like to know about! | Celebrate World Mental Health Day 2022-23 | 10 Best Cancer Hospitals In India For Free Cancer Treatment in 2023 | Viral Fever Symptoms, Causes, and Treatment

Visual Stories

Found this post informational? Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance and Investment section. You can visit PayBima to Buy Insurance Online.

Jul 14, 2021
Author Bio
Author Image

PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.

Related Blogs

Would love to hear from you

Share your candid feedback. Your email address won’t be published, we promise!

All fields are required

Find your suitable insurance plan

Speak to our advisor

Latest Posts

Mahindra Insurance Brokers Limited (A Mahindra Group Company) - Unit-202, A-Wing, 2nd Floor, Amiti Building, Agastya Corporate Park, Kamani Junction, LBS Marg, Kurla West, Mumbai - 400070. Tel: +91 22 66423800

Licenced by IRDAI License No. 261; License Validity : 17-05-2025; Category : Composite Broker; CIN : U65990MH1987PLCO42609 Member of Insurance Brokers Association of India (IBAI).

Insurance is the subject matter of solicitation.

For a seamless experience, use the latest version of Chrome/Firefox/Internet Explorer.

Copyright © 2023 Mahindra Insurance Brokers. All Right Reserved.

Get A Call Back
Get A Call Back