How to Select the Best Health Insurance plan/policy in India- Buying Guide/Tips If you’re a regular reader of our blog, you must already know the importance of a good health insurance. Usually most people stop with employer provided health insurance but that should not be the case.
The cost of treatment has risen at a double-digit pace of growth, outpacing average inflation in both rural and urban India between 2003 to 2013, according to the results of a cross-national survey on health conducted by the National Sample Survey Office in the first half of 2014. Taking care of your health is probably the best health insurance that you have. But the question is why do you need a health insurance policy if you eat right, exercise, don’t smoke and are fit and healthy? Let’s face it, life is unpredictable! Getting yourself health insured will protect you from financial shocks in the event of a grave medical emergency. Buying Best Health Insurance Plan Medical insurance companies in india are complex products that have evolved over time to cater to the specific needs of consumers. The IRDA issued a list of rules in 2013 for the standardization of various policies available in the market. The new Policies issued after the standardization of rules have a higher age entry of 65 years. Also, according to the new rules, the insurer is bound to offer settlement within 30 days of the claim request.