How To Choose Best Health Insurance Plans & Policies In India?

How To Choose Best Health Insurance Plans & Policies In India


Health Insurance is an effective way for individuals to plan for uncertain medical expenses / treatment. Health insurance has many benefits for the individual and the family, provided you are careful in choosing the best mediclaim policy.

There are many health insurance options in India, so selecting the best health insurance policy is never easy.

Selecting the best health insurance policy that is optimum for your needs and covers you adequately, is very important.

Here are some points you ought to consider in your quest for the best health insurance plan in India:

  1. Understand Your Needs

    The most important step is to analyze your own requirements with regards health insurance. This involves doing a roundup of the number of members in the family, number of children, number of seniors, common medical / hereditary problems impacting the family and so on. This way you have a fairly good idea about how much cover you and your family need.

  2. Sum Assured

    This is the health cover of the health insurance policy. The policy reimburses expenses on medical treatment up to the sum assured. A higher sum assured is preferable since that leaves you covered for a larger amount against medical emergencies. This is especially true, if you are living in a metro or a tier I city, where medical expenses are significantly higher than tier II / tier III cities. However, you need to be careful against being both over-insured and under-insured, so it’s best to strike a balance by starting with a reasonable cover and enhancing it with a rise in income and family size.

  3. Coverage of Illnesses

    Make sure the health insurance policy covers a larger number of illnesses; particularly critical Illnesses since they are the ones that need particular care and can be very expensive to treat. Look particularly for illnesses and medical conditions common in the family, like diabetes or cancer for instance. Also, review the terms and conditions related to exceptions – i.e. illnesses not covered by the policy like pre-existing illnesses and so on.

  4. Hospital Network

    Your health insurance policy must have a broad network of hospitals and should particularly include the better ones in your neighborhood. When being admitted in an emergency it helps to have access to the best hospitals in the vicinity. It is important to go for a medical insurance plan with a wider network of hospitals specializing in a range of treatments.

  5. Tenure of the Health Plan

    Understand the tenure of the health insurance plan, particularly the renewal part. Health plans of life insurance companies can be renewed every three years or even more depending on the plan. On the other hand, medical policies of health insurers must be renewed every year. Go with the health insurance plan that is convenient to renew – if you are a very busy person an extended renewal plan works best.




Presented by :

Category : Family Health Insurance

*premium Amount for Male, 35 yrs, 10 year term, Silver option, including tax.
HDFC Standard Life Insurance Company Limited.

Insurance is the subject matter of the solicitation. For more details on risk factors, associated terms and conditions and exclusions please read the product brochure before concluding a sale. HDFC Life Health Assure Plan (Form No. P501-105, UIN: 101N087V01) is the name of traditional health plan offered by HDFC Life. HDFC Standard Life Insurance Company Limited is only the name of the Insurance Company, HDFC Life is only the name of the brand and HDFC Life Health Assure Plan is only the name of the product. The name of the company, name of the brand and the name of the product does not in any way indicate the quality of the contract, its future prospects or returns. HDFC Standard Life Insurance Company Ltd. IRDAI Reg No. : 101. ARN: MC/03/2015/6186.
CIN: U99999MH2000PLC128245. Tax benefits are subject to change in tax laws.

Corporate Office & Registered Address

HDFC Standard Life Insurance Company Ltd.
Lodha Excelus, 13th Floor Apollo Mills Compound,
N.M. Joshi Marg, Mahalaxmi
Mumbai, Maharashtra 400011
Telephone: (022) 67516666

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