Must Follow Health Insurance Comparison Guide to buy best Health Insurance Policy online in India

How to compare insurance plans online?

Before you compare online health insurance plans, here are some main components you need to keep in mind.

1. Coverage

Basic health insurance covers emergency charges like hospitalization with restoration benefits. However, there can be a lot of confusion about what is covered under basic coverage. Some insurers also offer ‘no room-rent capping’ and ‘no co-payments’ as part of their basic plan. The best way to find out what your options are is by understanding the standard coverage for each insurer you’re considering – then comparing products based on features that matter most to you!

2. Premium amounts

We know that health insurance can be expensive, but it is also important to make sure you are getting the best deal. One way to do this is by comparing premiums between different companies and seeing which one has the best rates for your needs. The health insurance premium is the amount you must pay to the insurer on a regular basis in order to get insurance coverage and keep the policy in force. The cost of the premium is determined by the base plan’s coverage and the additional riders.

3. Available add-ons and waiting periods

Add-ons are a great way to increase the benefits available on your plan and ensure that you have the right type of coverage in place for when major medical emergencies occur. However, there are many different types of add-ons and it is important to know what they all entail before committing to one. It is advisable to check available add-ons while comparing products. However, there are some add-on covers that require you to wait a certain amount of time before you may use them. It is required to evaluate the terms and circumstances pertaining to these waiting periods in order to prevent complications during claim settlement.

4. Exclusions

Exclusions are clauses in an insurance plan that limit or exclude coverage. It is important to know what the exclusions are before you make a purchase.

Aside from this, you should also look for:

5. Claim settlement ratio

Claim settlement ratio is one of the most accurate indicators of whether or not an insurance business processes client claims properly. It is the total number of claims that has been settled as against the total number of claims filed in any given financial year. If you have ever experienced an injury or illness that required medical attention, then you know how stressful it can be trying to find out who will pay your bills and if they’ll take responsibility for the costs. The last thing you want is finding out after months of back-and-forth argui