Related Articles
.png)
Jan 08, 2025
Is Varicose Vein surgery covered under the health insurance policy in India
Health Insurance
.png)
7 Tips to Choose the Best Health Insurance Plan : How to Choose the Best Insurance Plan?
There are hundreds of health insurance plans in India. Yes, you heard me right! With more than 20 insurers offering varied types of health insurance plans, you have a vast choice. Though having options is good, many times it becomes confusing when buying a health insurance plan. All of you want to buy the best health insurance plan available in the market. With a horde of plans to choose from, how do you make sure that the plan you buy is the best?
Well, it is easy. You can buy the best plan if you follow some wise tips.
Here are 7 tips which help you in selecting the best health insurance plan available in the market
Compare before you buy
Given the large number of health plans available, the best course of action to buy the best plan is comparing. Don’t buy a plan on the suggestion of a friend or your neighbourhood agent. Go online, compare the plans available, find the suitable coverage features, compare the applicable premium rates and then select the plan which suits you the best and also gives the best coverage benefits.
Opt for a comprehensive plan
When comparing plans, look at the plan’s coverage features first rather than the premium. If the coverage is limited, you would incur a higher cost on hospitalisation when the plan would not cover all your expenses. So, compare the coverage features and choose a plan which has the most inclusive features. With a comprehensive coverage the plan’s scope would be wide. However, be careful when selecting coverage features. Don’t choose those which you don’t need like maternity cover when your family is already complete.
Choose a lower waiting period
Pre-existing illnesses are covered after a waiting period. Different plans have a different waiting period. To buy the best plan, choose a plan with the lowest waiting period. This would ensure that you get coverage for your pre-existing illnesses sooner rather than later.
Ensure the plan has no sub-limits
Many health plans have sub-limits on room rent and other coverage features. These sub-limits limit the claim amount and cause out-of-pocket expenses. Choose a plan which does not have room rent limits. Other limits can be accepted provided they are of a higher amount to ensure sufficient coverage.
Look at the networked hospitals
Your health plan allows cashless claim settlement if you take treatments at a networked hospital. To ensure that your claims are cashless, look at the networked hospitals. Choose a plan with the widest network of tied-up hospitals for better chances of cashless settlements.
Look for discounts
You get different types of premium discounts in a health plan. Though almost all plans offer a discount, the rate of discount might vary. The best plan would be the one which offers the highest discount.
Compare the premium rate
The last tip is comparing the premium rate. This should be the last thing which you should do after all the above parameters are satisfied. The lowest premium plan might not be the best but the plan which satisfies the above parameters and then charges the lowest premium would be the best.
Use these tips and find the best health insurance plan for your needs.
Choose wisely!
Author Bio
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.
Other Health Insurance Products
Jan 08, 2025
Health Insurance
Latest Post
When you're planning to take a personal loan, knowing your monthly EMI in advance can help you stay financially prepared. The Muthoot Personal Loan EMI Calculator is a simple and efficient tool that provides instant EMI estimates based on your loan amount, interest rate, and tenure.
.png)
Relocating your two-wheeler to a different state needs to follow many procedures. Depending on the duration for which you are moving to the new place, it becomes necessary to transfer your vehicle papers if it is for more than a year. Although tedious, the process of relocating vehicles can become easy if you follow certain tips mentioned in this post. Read on!
In what’s being called a quiet healthcare revolution, India’s young working professionals are reportedly making the most health insurance claims – outpacing even senior citizens. Surprised? So are the insurance providers. Young adults ranging between 25 and 35 years, who are often assumed to be in peak health, are now dominating the charts in health insurance claims by age.
If you think lifestyle-related health issues only show up after 40, think again. Youth no longer guarantees immunity. Today’s 25 - 35 age group is increasingly facing medical issues that only plague older adults. The reason? Long working hours at the desk, deliveries on speed dial, and a social life that rarely includes a decent amount of sleep are some of the reasons for the early onset of medical conditions like diabetes, anxiety, and hypertension.
Speak to our Advisor
+91
