7 Tips to Choose the Best Health Insurance Plan : How to Choose the Best Insurance Plan?
.png)
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.
.png)
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!
Over to You
Care Health Supreme and HDFC ERGO Optima Restore are among the best health insurance policies in India today. It is a matter of your priority, coverage depth over cost effectiveness. Here’s a quick recap for you to make an informed decision.
Both offer coverage of up to ₹1 crore; Optima Restore starts at ₹3L, Care Supreme at ₹7L. Supreme offers unlimited recharge; Optima Restore offers 100% once a year, after a claim is made. Care includes OPD + unlimited e-consults; Optima lacks OPD, allows one consultation/year. Care gives a 30% discount + 500% bonus; Optima offers 8% discount + 50% bonus. Care Supreme is costlier but has more features. Optima suits budget buyers; Care fits those needing wider, long-term coverage.
Whichever health insurance plan you choose, ensure to read the policy wordings and seek advice from an expert before you make the purchase. The best health insurance is the one that covers you the way you want to be covered.
Speak to an Advisor Both offer coverage of up to ₹1 crore; Optima Restore starts at ₹3L, Care Supreme at ₹7L. Supreme offers unlimited recharge; Optima Restore offers 100% once a year, after a claim is made. Care includes OPD + unlimited e-consults; Optima lacks OPD, allows one consultation/year. Care gives a 30% discount + 500% bonus; Optima offers 8% discount + 50% bonus. Care Supreme is costlier but has more features. Optima suits budget buyers; Care fits those needing wider, long-term coverage.
Whichever health insurance plan you choose, ensure to read the policy wordings and seek advice from an expert before you make the purchase. The best health insurance is the one that covers you the way you want to be covered.


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
Latest Post
So, you’ve crossed the fabulous 60 mark. Retirement may be on the cards, your kids might be off doing their own thing, and suddenly your knees are making more noise than your WhatsApp notifications. Welcome to the senior citizen club.
Now let’s talk about something most of us tend to postpone until a doctor gives us a reality check: health insurance. If you are wondering whether buying health insurance after 60 makes sense, the answer is a loud and clear yes. This article will cover everything you need to know about it, how it makes sense, how it differs from health insurance for young adults, and what you need to look out for when checking for medical insurance above the age of 60.
.png)
April 2 is observed as World Autism Awareness Day and there is no better way to observe the day than to raise awareness of this condition and to promote kindness towards autistic people. Read on to know more.

Car depreciation implies the difference between the cost of a car at the time of buying the car and when you sell it. A car insurance claim amount is determined by the car depreciation rate. The car depreciation rate is the reduction in the value of your car over its lifespan caused by wear and tear.

Fixed Deposits (FDs) are one of the safest ways to grow your savings. HDFC Bank offers attractive FD interest rates, allowing you to earn guaranteed returns on your investment. But before you invest, it's important to know how much interest you will earn and what your final maturity amount will be.

If you think of life insurance, chances are you are picturing something people buy in their 30s or 40s. But what if you are 65 or older and just getting started? The good news is that you are never too late. Whether you are thinking of easing the financial burden on your family, covering final expenses, or simply leaving behind a legacy, there are life insurance options tailored just for you.
This article will be a guide to life insurance for senior citizens above 65 years, explaining why it is important, the type of insurance options, and how to get the right policy for you.