Know about the complete process of buying health insurance in India. Read about the types of health plans, factors, coverage and more. Know here. https://www.coverfox.com/health-insurance/articles/steps-to-buy-health-insurance/

1. Steps to Follow to Buy the
Best Health Insurance
in India
Search. Compare. Buy

2. Step 1: Whom to
Cover?
• The first step towards buying a health insurance policy is to assess whom all
you want to cover. So, decide if you want a policy for yourself or for your entire
family.
• To avoid any financial trouble due to huge medical bills, it’s advisable to cover
all the members of your family.

3. Step 2: What
Kind of Cover You
Should Buy?
Individual health insurance Family Floater Health Insurance
• This type of health insurance policy
covers each individual separately.
• The premiums for this type of
insurance has to be paid separately.
• This type of plan covers an individual
up to the limit of sum assured.
• This insurance covers all the
members of the family in one policy.
• The sum insured can be used by all
members as it does not have any
individual cost limit.
• This type of insurance covers all the
members under one umbrella.

4. Step 3: Decide on
the Coverage
Amount
• Gauge how much sum assured would be apt to take care of your present and
future medical expenses.
• Keep in mind the rising medical inflation rates and your lifestyle which can
affect your sum assured.
• The premium for your health insurance is determined on the basis of age and
coverage amount.
• So, opt for a coverage amount that would be sufficient to cover your medical
conditions.

5. Basic health
plan
Top-up plan
Comprehensive
health plan
Benefit Plan
Step 4: Decide
what plan you
want

6. • Basic Health
Plan
• A basic health plan covers pre and post hospitalization charges, ambulance
charges, day-care procedures and more.
• This type of plan often has a limit on room rent and co-pay and deductible.
• Note: If the policyholder exceeds the room rent limit, he will have to bear the
additional medical expenses from his own pocket.

7. • Comprehensive
Health Plan
• This type of plan offers more coverage than the base plan.
• Along with this plan, you can opt for additional covers such as accidental cover
or critical illness cover.
• These plans have comparatively high premium compared to basic health plans.

8. • Top-up plans A top-up plan is a type of health plan that supplements your existing health
insurance plan.
It covers the expenses beyond the limit of the existing health cover.
This type of plan has a pre-decided deductible value that a policyholder is
required to pay before making claims.

9. A regular top-up plan Super-top health insurance plan
• In this type of health plan, the
policyholder has to exhaust the
deductible limit.
• A regular health insurance policy
reimburses the amount up to the sum
assured, but a top-up plan covers
costs after a certain threshold is
reached.
• This plan takes care of your medical
expenses once you have exceeded
the deductible limit on your present
health plan.
• Once you exceed your deductible
limit, all the medical expenses during
the whole year will be paid by the
insurance company.

10. • Benefit Plans A benefit plan is a type of health insurance plan that provides cover for specific
critical illnesses such as cancer, heart attack, organ failure, etc.

11. Step 5: Know
about the factors
Network
hospital
• Insurance companies have tie ups with hospitals that
offer cashless treatment to a policyholder.
• Check the network hospital list to have an idea about
the number of hospitals covered by your insurer and if it
includes the name of your preferred hospital.
Rewards on
renewal
• For every claim free year, health insurance providers
offer you no claim bonus which lets you avail discount
on your insurance premium.

12. Room Rent limit
• Room Rent Limit is a limit set by your insurer that
defines maximum coverage that a policyholder is
eligible to receive for per day room charges.
Restore benefit
• Having this benefit ensures that your entire sum
assured is restored for re-utilization.

13. Step 6: Stating
the right facts
While buying a health insurance policy, ensure that you state all the right facts.
Mention about your existing health conditions and your history of illnesses to the
insurer, to prevent your claim from getting rejected, it’s imperative that you
mention the correct details.
Recommended Read: How To Buy Health Insurance In 6 Easy Steps