Points to be aware before you plan to purchase a health insurance policy

If you are on the verge of obtaining cheap health insurance online still there are various pointers that you need to be aware of. The decision has to be right considering the choices which are available in front of you.

Caps along with sub limits

The amount which you are paying for a health insurance policy is all inclusive of the sub limits in combination with the caps. In order to make most out of your health insurance plans you should understand it before you opt for a plan.
Claim settlement ratio

To assess the credibility aspect of an insurer this is of utmost importance. Ideally you should opt for a company that has a good settlement ratio. On any counts your policy should not be withheld due to false information. The best health insurance plans in India thrive on the fact that their claim settlement ratio works out to be the best.

The coverage

At no point you should go on to purchase a health insurance policy by merely considering the cost. If it is less cost in no way it indicates that it is a good plan. In such cases it has been observed that the plans might not suit your needs properly. Look at all the available features of a health insurance plan and then opt for a comprehensive one.


You need to understand how many years the health insurance plan is going to offer protection to you. If you need a protection at any point in life you should not be without it. Any medical policy is an annual contract and when you pay the premium on an annual basis it does get renewed. For a client they would need to renew the policy as failure on their part would terminate the contract.

Cashless hospital

Be sure to find out that the hospital is included as part of the coverage plan. You should not be in a position where you are running from pillar to post in order to avail the reimbursements. For this reason the third party might have contracts running with a lot of insurance companies. But cashless facility does have its limits along with sub limits and this is dependent on the sum assured of the policy.

Internal team

When you choose a health insurance plan, verify the fact that the company has an internal team. This works out to be of immense benefit when you are in the process of settling claim. Most companies do rely on third party who all the necessary ground works as far as settlement of the claim evolves. Certain rules are to the followed when the claim is handled over to the administrator.

Family size

The family size tends to differ considerably, so you would need to look at the family size option before you plan to purchase the policy. In case if you are married and there are kids then a family health care insurance plan works best for you.

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