Health insurance plans in India - Compare and check medical insurance plans to shortlist the best insurance policy for your family
Quick Take: You can compare health insurance policies along two verticals. First, you compare the insurer – their operational performance, claim settlement figures, business scale and Net Promoter Score. Next, you compare the policy itself. You look at the policy features, the price point at which they’re selling, and the specific use cases they try to address. You take into account every metric and then make a qualified choice on what product you want to buy.
However, if you do not intend to do this yourself, we’ve churned out comparisons for most health insurance policies out there. Just plug in what policies you want to compare and we will have a full-blown comparison chart and an extended explanation alongside it. Including a recommendation on what policy best suits you.
Most people are used to a simplistic comparison model. Take for instance a rating method involving stars. Every product is rated along a 5-star scale and you can tell what’s better by seeing who gets a higher star rating. However, this system doesn’t work well when you are comparing two health insurance policies. You could be comparing a policy specifically meant for a heart patient with a policy marketed for the general public. The star rating will have you convinced that the heart policy is a poor alternative since these products usually come with many restrictions. The reality however is that the “general policy” may not be made available to you since your present a specific heart condition. In which case your only alternative is the heart policy. And a star rating may mislead you into buying the “general policy” and you’ll likely waste a lot of time in the process.
This is where you evaluate the insurer. You look at the company’s track record, its claim settlement numbers, operational efficiencies, network hospitals and general customer satisfaction. If at any point you find that an insurer is deficient in this department, you’d be better off buying a sub-par policy from a different insurer as opposed to buying a top-tier policy from this insurance company.
You look at different policy features i.e. compare restrictions on room rent, sub-limits, co-payment clause, no-claim bonus extended, restoration policy and other benefits including maternity, dental and international treatments and wrap it up with a use-case comparison. Once you go through each line item, you can then make an a-sessment if a policy is best suited for you.
![Compare the Best Car Insurance Rates [September 2022] | Compare.com](https://www.compare.com/wp-content/uploads/2020/09/keenan-constance-ywWkgJ6M0vs-unsplash-scaled.jpg)
![Compare Car Insurance Quotes and Rates [Updated 2022] - Insurance.com](https://www.insurance.com/images/icom-default-twittercard.fw.jpg)
GST taxpayers can't claim any pending input tax credit if this return is not filed by November 30, 2024 for FY 2023-24
