Please help me choose a right health insurance

POSTED BY Rishi87 ON December 13, 2014 12:50 pm ONE COMMENT

Hi,

I got married recently. I am looking for a health insurance policy which would cover my wife and me. Below are my requirements.

  • Coverage of 10 Lacs
  • Lifetime renewal
  • Maternity benefits preferred but not mandatory

Both of us don’t have any PEDs. I have gone through these 2 policies: ICICI Lombard Complete Health Insurance and Max Bupa Heartbeat Family Floater. Please help me decide between the two or suggest any other more suitable policy.

TIA.

One reply on this article “Please help me choose a right health insurance”

  1. MahavirChopra says:

    Hello @Rishi87

    This is how you can go about this:
    a) Read this article: https://www.jagoinvestor.com/2011/05/health-insurance-buying-steps.html – There would be certain sections that would be dated, specially the comparisons, but it is a good article to formalize an approach.
    b) Think how you can meet your long-term and big risks. Relatively smaller expenses like Dental, OPD, Maternity are very low priority.
    c) Understand how insurance companies work. This will help you understand why there are weird terms and conditions along with benefits https://www.jagoinvestor.com/2013/05/how-insurance-companies-work-and-the-business-model-behind.html
    d) Read the Policy Wordings – yourself – Demand this from your advisor.
    e) Ensure you appoint a good health insurance advisor, preferably a firm, and not an individual who provides you detailed comparison, advise before you buy, and claims services after.

    Mahavir Chopra from CoverFox

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