10 things to look for when comparing health insurance plans in India.
When comparing health insurance plans in India, there are several factors to consider. Here are 10 things to look for:
Coverage: Make sure that the health insurance plan provides adequate coverage for the medical treatments and procedures that you are most likely to require.
Network Hospitals: Check whether the insurance company has a tie-up with a network of hospitals that offer cashless hospitalization facilities.
Pre-existing Conditions: Look for health insurance plans that provide coverage for pre-existing conditions after a specific waiting period.
Sub-limits: Check if the health insurance plan has any sub-limits on specific medical expenses, such as room rent, doctor’s fees, or diagnostic tests.
Co-payment: Some health insurance plans require the policyholder to pay a certain percentage of the medical expenses out of their own pocket. Check whether the plan has a co-payment clause and the percentage of the co-payment.
Waiting Period: Look for health insurance plans that have a shorter waiting period for coverage, especially for pre-existing conditions and specific illnesses.
Premiums: Compare the premium rates of different health insurance plans to find one that offers comprehensive coverage at an affordable price.
Add-on Covers: Check if the health insurance plan offers add-on covers, such as maternity benefits, critical illness cover, or personal accident cover.
Claim Settlement Ratio: Look for health insurance companies with a high claim settlement ratio, as this indicates that the company is reliable and trustworthy.
Customer Support: Check whether the health insurance company has good customer support, with a dedicated helpline and a responsive claims settlement process.
By considering these factors, you can compare different health insurance plans in India and choose one that best meets your needs and budget.
