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Jan 08, 2025
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Health Insurance Tips and Tricks : 10 Smart Tricks To Find The Best Health Insurance Plan in India
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.
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.
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.
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Jan 08, 2025
Health Insurance
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Having health insurance is now a top priority among potential policyholders, who are increasingly aware of the importance of accessing quality healthcare at an affordable cost. Not only does it handle finances, but it also gives peace of mind during medical emergencies. Getting coverage without dealing with cash or documentation makes the cashless claim process an attractive feature of the health insurance.
Rather than making an advance payment and waiting for reimbursement, policyholders can receive healthcare from network hospitals without incurring out-of-pocket expenses. With its support, worrying about finances becomes less of a concern, and managing healthcare bills becomes simpler. For emergencies, where time and money are of concern, using cashless claims is very helpful for individuals and their families.
If you are planning to buy two-wheeler insurance and are seeking answers to some frequently asked questions, look no further. Read on to know the two wheeler insurance FAQs related to bike insurance policy in this post.
Choudhary is a privately employed person in Bangalore, and he uses a car to commute to his office daily. While driving his vehicle one day, he met with an accident that resulted in major damages and rendered his car useless. Since he had a car insurance plan, he claimed total loss and that helped him manage expenses without causing any financial burden on him.
Buying two-wheeler insurance online can be a bit overwhelming for first-time buyers and even for policyholders with prior experience. While it is recommended to compare insurance plans before buying them, having some basic understanding will help you extract the most out of them.
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.
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