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Best Health Insurance Plans

Updated on January 23, 2020 , 2445 views

Looking for health insurance plans? Though Health insurance is very popular among people, many of us still do not know how it works and the various health insurance benefits. Apart from providing healthcare benefits, medical insurance is an efficient Tax Saving Investment as well. It is advised to look for best health insurance quotes and the list of best medical insurance plans before buying. So, before moving to health insurance plans let’s first understand what is health insurance and the factors to consider before buying cheap health insurance.


Health Insurance

Health Insurance is a type of insurance coverage that compensates you for various medical and surgical expenses incurred. It is a coverage provided by the Insurance companies to protect you from unforeseen medical expenses that might occur in the future. With rising healthcare costs, the need for health insurance plans is increasing as well. The health insurance claim can be settled in two ways. It is either reimbursed to the insurer or is paid to the care provider directly. Also, the benefits received on health insurance premiums are tax-free.

Factors to Consider Before Buying Health Insurance Plans

With the changing lifestyle of people, medical insurance is becoming a necessity. The rising medical costs day by day further shoots up the need of getting a health insurance policy. To safeguard your health and attain financial help for medical expenses, you need to buy a health insurance plan. There are various types of health insurance policies available in the market that offer different health quotes, coverage and features. So you must consider certain factors before buying a medical insurance plan.

Some of those factors are mentioned below.

Co-Pay of the Health Insurance Policy

Before buying a health insurance policy it is important to understand its term and terminologies. Co-Pay is one such term you must know beforehand. Co-Pay is a certain fixed percentage of the total hospital bill that a person needs to pay when they make a health insurance claim while the remaining amount is paid by the health insurance company. For example, if your policy has a clause of 10% co-pay, it implies that for a claim of INR 10,000 you have to pay INR 1000 while the insurer will pay the rest amount of INR 9000. However, it is suggested to opt for health policies with “no co-pay”.

Duration of the Medical Insurance

One of the most important factor to consider before buying a medical insurance plan is the duration of its coverage. As a matter of fact, our health deteriorates with the passing years so one must ensure that the medical insurance policy has a lifelong coverage and is not just for a few years. Make sure you choose a plan that can be renewed lifelong.

Cooling period of Pre-existing Diseases

There are some diseases that a person might have had before buying a health insurance plan. Those diseases are referred to as pre-existing diseases. All these pre-existing diseases are not covered in the health policy from the day one of buying. The cover period of your pre-existing diseases varies from time-to-time. So, it is advised to confirm the time taken to cover pre-existing diseases before opting for a plan.

Hospital Room Rent in the Policy Clause

The cost of getting a room in hospitals is different for different rooms. A costlier room will definitely increase the cost of treatment and hospitalisation. So, it’s better to have a higher room rent limit in your health plan.

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Best Health Insurance Plans

Now that you know how to choose a health insurance plan, you must find out the best health insurance plans to buy. We have listed some of the best health insurance plans offered by the health insurance companies in India. Have a look!



As you know, prevention is better than cure. Therefore, before any unforeseen medical emergency occurs, safeguard your health with an appropriate health insurance plan. Consider the above-mentioned factors and medical plans before you buy health insurance. Invest wisely, live peacefully!

All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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