If you have a loving family to take care of, an online mediclaim policy is the best way to ensure their good health and secure future. It helps your loved ones to get timely treatment during a medical emergency and keeps you at bay from those financial jerks that hefty hospital bills can give. But, now the question is how to choose? So, here are some quick tips that help you to pick the best mediclaim policy in India:
Number of Family Members:
More than two family members can include in a family floater. Look for the plan that allows you to cover maximum family members.
3. Eligibility:
Check the minimum and maximum age criteria and see which policy can give the coverage as per the eldest family members’ age.
Pre-Policy Medical Check-Up:
Look for the mediclaim that your family can get without pre-policy health check-ups to save money and time.
Comprehensive Coverage:
Before selecting an online mediclaim policy for your loved ones, check if the policy offers coverage for hospitalization, treatment, and medication to all the insured family members.
Benefits:
The policy should include ambulance cover, dialysis cover, chemotherapy and radiotherapy, organ donor, OPD expenses, no claim bonus, etc. Check all the inclusions and exclusions of the policy carefully.
Additional Benefits:
If you want to enhance the policy coverage, you can also opt for a deductible option, co-payment option, unlimited automatic recharge, reduction in wait period, etc., apart from the basic coverage.
Waiting Period:
It is the duration in which your family members cannot file for the claim. So, opt for the policy with a minimum waiting period.
Lower Premium:
Use the health insurance premium calculator available on the companies’ official websites to compare the premium of mediclaim policy in India. It helps you to get the most affordable plan.
Now, you can avail yourself of AYUSH (Ayurveda, Unani, Siddha, and Homeopathy) treatment as well for your family. Opt for the online mediclaim policy that offers you coverage for the same.
Lifelong renewability:
Go for a policy that has a lifelong renewability feature. It keeps you away from the hassle of buying policy time after time, and your insured members can get break-free renewals.
Network Hospitals:
Mediclaim policy offers a cashless hospitalization facility to all the insured members. So, buy the policy from a company that has a good network of cashless healthcare providers.
Look for CSR:
Check the company’s CSR (claim settlement ratio) and opt for the plan from the one with higher CSR. It ensures a timely and hassle-free claim settlement. Below is the table showing the CSRs of the leading companies offer the best mediclaim policy in India:
| Health Insurance Company | Network Hospitals | Claim Settlement Ratio |
| IFFCO Tokio | 4000+ | 92.66% |
| Care Health Insurance | 8350+ | 95.2% |
| HDFC Ergo | 10000+ | 90.32% |
| Max Bupa Health Insurance | 4500+ | 83.92% |
| Star Health | 8800+ | 78. 15% |
Customer Reviews:
Never miss the chance to read the customer reviews and ratings before opting for an online mediclaim policy. It gives you an idea about the company’s after-sale services.
Suggestion
If family health concerns are shimmering in your background, opt for the mediclaim policy wisely. Read all the fine prints of the policy carefully to ensure the right pick for your loved ones.
