India is one of those countries that are projected to have amongst the highest incidence for critical illnesses such as hypertension, heart diseases, diabetes, kidney failures and cancer. While mortality rates on account of these diseases are on their way down and a larger percentage of those affected can expect to fight their way back to wellness, the resources required for battling such ailments can prove to be beyond one’s ordinary savings. The need for health insurance is being fairly well recognised and the take up rate for these products in India has been on the rise. Most people, however, end up making the common mistake of making price the only criterion for choosing which health insurance product to buy.
While premium comparisons are inevitable, the varied nature of benefits and associated terms and conditions of these products make it very important to look beyond just price to make sure you get the right value for money and a product that provides you not only the right amount of cover but the right coverage itself.
Here’s how you should approach your health insurance purchase process:
Step 1:
