Everyone falls sick now and then, but it’s the medical bill that follows which concerns everyone. Only a few people can spend their saving on medical bills and still be financially stable. Thus, it is essential to protect yourself from such financial losses. One of the best ways to do so is by buying a health insurance policy. There are a lot of different health insurance policies in India. In this article, we will delve into how to compare health insurance policy in India.

Before we jump to the comparison, let’s look at some basic information you need while comparing policies that will help you make an informed decision.

What is Health Insurance?

A health insurance policy in India offers to pay your medical bills when you fall sick. The insurance company will cover your hospitalization bill, surgical costs, medical costs, and doctor consultation fees. Many insurance policies also cover pre-and post-hospitalization expenses. Trusted insurance companies like Care Health Insurance provide cashless claims at a vast list of network hospitals, which ensures that you don’t have to arrange cash to pay medical bills.

How to Compare Health Insurance Plans?

With over 20 insurance companies and more than 200 health insurance policies in India, you have many options. Plus, each policy has its features and benefits. Thus, finding the best policy is a very daunting task. Therefore, here are a few important tips:

  • Select Appropriate Sum Insured: India’s healthcare inflation is rising, and you can observe increasing premiums. Thus, it is important to select the maximum available sum insured at an affordable premium rate.
  • Note Down Factors Influencing Healthcare Premium: There are various factors such as proposer’s age, pre-existing condition, family medical history, sum insured, etc. These elements affect your premium differently according to the policy. Thus, note them down correctly to accurately predict your healthcare premium.
  • Customer Experience and Claim Process: Look for customer reviews online and offline when narrowing down insurance companies. Also, thoroughly read the claim process for a cashless claim and other benefits, then choose the one which suits you best.

Ways to Compare Health Insurance Policy in India:

There are two ways to compare health insurance policies – online and offline. Let’s look at the steps involved:

Comparing Insurance Policies Online

  • Many sites provide you with comparisons, but we suggest you go for an online health insurance premium calculator. This is because you can prepare a comparative chart yourself and evaluate the factors that matter most to you.
  • The premium calculator will ask you a host of questions about your city, DOB, number of people to be covered, sum insured, etc. You might also have to disclose any pre-existing illness, general symptoms, etc. The calculator will process this information and provide you with a quote from a different health insurance policy in India.
  • You can then use few more premium calculators and take an average. This will help you choose which insurance company and plan suits you, along with the claiming process and other benefits.

Comparing Insurance Policies Offline

  • Find and set up a meeting with a health insurance agent, and you can discuss your requirements in detail with that agent.
  • They will ask about your age, pre-existing conditions, medical history of your family, sum insured, etc.
  • The agent will then send you a quote and health insurance policy in India that suits your requirement. Read them properly, and you can visit a few more agents to compare policies.

India’s insurance penetration level is much lower compared to the global average, and it stood at 5.2 percent in 2009, compared to the world average of 7.0 percent. However, this figure still remains comparatively low even after a decade, pointing to the need for insurance awareness in the country. But today, you can buy and

compare health insurance policy in India both online and offline, or a combination of both. While this makes buying health insurance easier, it is essential to compare policies before buying.


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