Home Stories 8 Things to consider while buying the best medical insurance in India

8 Things to consider while buying the best medical insurance in India


There are many companies out there that promise to sell the best medical insurance in India. However, with so many options, it can be a daunting task to make the right selection. Not only are there several products, but the intimidating language used to describe the policy benefits can leave the best of us confused.

While it can be a difficult decision to buy the best medical insurance in India, you must keep a few factors in mind when you zero in on a plan. 

  • Claim process

What good is insurance that doesn’t honour its commitment of paying up when you need it the most? Some insurance providers have a complex claims process that can make it difficult for the insured person to receive the benefits in due time. That is why you must always ensure that they have an easy claim process and robust customer support. 

  • Family floater plan

The best medical insurance in India is the one that protects not only you but also your loved ones. That is why you must consider getting a family floater plan if you plan to get everyone in your family insured. However, accurately enter all the family member details when buying the best medical insurance in India, including their pre-existing medical conditions. 

  • Choose the right insurance amount

One of the biggest mistakes an investor makes is to choose an inaccurate sum insured, leaving you are either over-insured or underinsured. Under-insurance will not cover your medical needs adequately, and over-insurance will be unsustainable in the long run. The trick is to find the right balance between the amounts of coverage you need at the premium you can easily afford. That is why you must assess your needs; consider add-ons to expand your insurance coverage, and compare premium amount before investing. 

  • Hospital network

A cashless facility is one of the key features of the best medical insurance in India. You can avail of this facility by checking the list of network hospitals empanelled by your insurer. Look for your preferred hospital in your vicinity to get quality treatment at a reasonable distance from where you live. One should always check the cashless network of hospitals with the insurance company. At the time of a medical emergency or hospitalization, the hospitals in the network offer a cashless option as well. Go for insurers with a high number of network hospitals, such as Care Health Insurance with over 2500 hospitals in its network.

  • Maternity benefits

With medical expenses on the rise, pregnancy costs have skyrocketed as well. It is vital for women to buy a health insurance plan that offers maternity benefits. For maternity benefits, one should look into the waiting period applicable for claiming maternity expenses and consider the sub-limit. The policy should also cover outpatient expenses and check for exclusions related to the policy.

  • Pre/post-hospitalization

Before a hospitalization, you visit the doctor, get medicines, and undergo tests. If you are hospitalized, and after treatment, some expenses occur—the expenses include follow up with the doctor, medicines to be taken and many others. Choose an insurance plan which covers these aspects too.

  • Lifetime Renewal

Look for health policies that offer lifetime renewability. There is a higher chance of suffering from diseases and illnesses when you are old than when you are young—a health policy that offers lifetime renewability is what you should buy.

  • Free Medical Check-up

You should look for a policy that ensures the person for a free medical check-up. However, this does not affect the premium when policies undergo renewal.

A health plan is your best help during times of medical emergencies. Consider these 10 points before you hop on to find the best medical insurance in India.

David Smith