How to Identify Best Health Insurance Companies in India

Bangalore (Karnataka) [India], September 18: All health insurance companies are designed in a unique manner to meet the health-related requirements of each and every individual. But sometimes, choosing the best one becomes quite difficult. Let us first know the reasons why Health insurance is important:

• It allows one to deal with medical inflation by saving funds and opting for insurance.
• Get access to comprehensive insurance coverage.
• Efficient and timely medical care.
• For enhanced protection, get on add-on riders
• Get insurance coverage for the complete family under one plan.
• Simple and easy claim process
• Get tax benefits under Sec 80D.

Consider the below-mentioned factors to identify the Best Health insurance Companies in India, consider the following factors:

Claim Settlement Ratio (CSR)

It is a ratio of the percentage (%) of claims settled by a health insurance company to the total number of claims received. Choose those health companies having comparatively high CSR over a period of time, which can be known on IRDAI. 

Online Reviews and Ratings

Check for customer ratings and reviews, which depict a clear picture of the customer’s experience with different companies. It will help in understanding the settlement processes, customer service responsiveness and offerings.

Industry Awards and Recognition

Awards and recognition reflect the company’s commitment to quality and customer satisfaction. Check if any awards have been received or rankings have been made.

Product Portfolio

Consider different options available from the company that caters to the varied needs of an individual, family, and seniors.

Network Hospitals

Check-in advances the quality and number of hospitals associated with the insurance company. 

Premiums and Pricing

Now, check the insurance premiums of all the health companies and compare them according to affordability to make a decision. 

Customer Service

A company with competent and responsive customer service should be chosen.

Claim Settlement Process

A policy with an easy and efficient claim settlement process should be chosen to proceed smoothly and hassle-free.

Additional Features

Select a health insurance company that has some additional features like a cashless facility, teleconsultation series, teleconsultation, online policy management, etc.

Expert Opinions

An expert partner can assist you in choosing the health insurance company out of the options available based on extensive research, financial performance, feedback, financial performance, etc.

How to Buy a Health Insurance Online?

• Go to the official website of the insurance company. Navigate to the health insurance tab.
• Under that tab, choose the type of policy.
• Click the tab “Buy Online” it will then redirect you to a secure webpage.
• Calculate the premium amount to be paid towards the policy.
• Fill out your personal details like name, address, contact information, history of disease, if any.
• Payout the premium through online mode and a soft copy of the insurance on the registered e-mail address.     

Conclusion

The unique medical requirements are the only factors one should keep in mind while choosing a health insurance policy. One should choose the best health insurance company depending on the requirements by using the information provided above.

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