Health Insurance is a necessity of today’s world. If you are confused, choose the right health insurance for you.
Nowadays, you can’t take risks with your life. Noone can forecast what is going to happen in the next second. So, it is prejudicial to be wary of these kinds of uninvited situations. Health insurance is one the best tools that you can utilize in your dire need.
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| 3 Best Methods to Choose the Best Health Insurance in India (Image Credit: Canva) |
With rising medical costs and unexpected medical emergencies, the best health insurance plan for your family is very important. Due to this policy you can save your life and hard earned savings.
Now, the question is how to pick the best health insurance plan in 2025. Because, there are a number of health policies available in the insurance market. To minimize your confusions we have come up with this article that will give you the two best methods through which you can choose the best health insurance policy for yourself in 2025.
1. Compare Coverage, Not Just Insurance Premiums
Most people choose health insurance policies on the basis of low premiums. This can limit your insurance coverage benefits. So, it is better to pay a little higher premium and get better coverage of hospitals, diseases included to be remedied, and other benefits.
What to check:
- Always check the hospital network coverage
- Analyze the daycare treatments
- Hospital bed rent limits
- Pre and post hospitalisation expenses
- Maternity and newborn baby’s cover
|
Feature |
Plan A (Low Premium) |
Plan B (Balanced) |
Plan C (Premium) |
|
Sum Insured |
₹3 Lakhs |
₹5 Lakhs |
₹10 Lakhs |
|
Room Rent Limit |
₹2,000/day |
Single Private |
No Limit |
|
Pre & Post Hospitalization |
15/30 days |
30/60 days |
60/90 days |
|
Daycare Procedures Covered |
100+ |
500+ |
All |
|
Premium (Annual) |
₹4,500 |
₹6,000 |
₹9,000 |
2. Policy should be Based on Your Life Stage & Health Needs
Before moving to the final selection, it is very important to have a look at your age, health condition, and the size of your family. A young person generally needs a different health insurance policy as compared to a senior citizen or a family with children.
Life Stage Tips:
- Young individuals (20s–30s): Opt for individual health plans with OPD cover and no-claim bonuses.
- Families: Go for a Family Floater policy with maternity benefits and child care.
- Senior Citizens: Choose a senior-specific policy with fewer exclusions and lower co-payments.
3. Claim Settlement Ratio & Policy Reviews
If you are going to buy an insurance policy then you must check the aim settlement ratio (CSR) and the customer reviews. Because, what is the point of insurance if your health insurance claim is denied by your insurer.
Important Parameters to Check:
- Claim Settlement Ratio (CSR): It should be above 95%
- Claim Processing Time: Usually the ideal time is 7 to 10 days
- Customer Support: 24x7 availability is a plus point
- Cashless Network of Hospitals : Versatile network helps during any medical emergencies
Key Takeaways
- Always choose your health from a trusted insurer with high good reviews and CSR (Claim Settlement Ratio).
- Never ever be lured by some cheap insurance premiums. You have to look at all parameters cautiously.
- You should pick that policy that meets with your age, family size, and medical history.
Conclusion
Through the above 3 methods you can ascertain and choose the best health insurance according to your requirement.
Sometimes choosing the best can be a herculean task. But with proper strategy and comparison of insurance policies parameters you can easily pick the plan. So, invest a little time to safeguard not only your health but also your loved ones for a better future.
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