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Confused between various health policies? Here's how to choose the right plan
Dec 26, 2011

How to Choose the Most Appropriate Health Cover For Yourself?

When it comes to health insurance, there’s no one-size-fits-all plan that you can rely on. Of the numerous plans in the market, you will find that each is unique in some way, with its own benefits and limits. This makes purchasing medical insurance a difficult task where painstaking research is sometimes required, before you find the right plan for you. Before you go plan-hunting, there are some questions you need to ask yourself:
  1. What is my financial ceiling?
  2. What do I have to cover? Am I responsible only for myself? Do I have dependents? Am I planning for retirement yet? Am I already retired?
  3. How often do I need to visit the doctor?
  4. How much premium can I afford?
  5. Do I have any pre-existing medical conditions?
  6. How comprehensive a plan do I want?
  7. Do I need regular dental and/or vision check-ups?
  8. Do I use many prescription medicines?
  9. How much preventive care do I want?
  10. Am I constantly exposed to hazards such as the possibility of an accident, exposure to toxins, a weak immune system, etc.?
  11. Am I at risk of any hereditary diseases?
Knowing the answer to these questions will help you recognise which slot you fall into, and what your insurance needs are. It’ll narrow down your search and give you an estimate of how much you should be spending – and what benefits you ought to get for your money. Once you know your healthcare requirements, it’s time to go shopping. Even with the field narrowed down, it’s easy to lose sight of what you need. Here are some tips you should keep in mind to ensure that you aren’t buying the wrong plan:
  • Know how much the average cost of your healthcare should be. For example, it is generally accepted that a Rs.5 lakh cover is sufficient for a single adult.
  • Individual health covers are usually more comprehensive than family plans, and also cheaper on your wallet in the long run. Moreover, individual health plans cover most, if not all your checkups, pre- and post-hospitalisation expenses, and other domiciliary costs, which are usually somewhat limited in an umbrella cover.
  • Check your policy to see if it provides cover for atypical expenses, like maternity, vision, dental, etc. If it doesn’t, find out if such covers can be added to your policy, or if they will be covered after a certain number of years have elapsed.
  • Never select a policy based on premium alone. Find out what your insurer’s claim settlement history is. If they have a reputation for speedy claim resolution and better payouts, go for it. If, however, the claim settlement takes ages and too much paperwork or other hassles, search for another provider.
  • Assess your risk-taking ability before you choose to opt for a family medical insurance plan. Though these are comparatively cheaper than individual plans, and provide cover for your entire family, they also mean that you have to assume a higher amount of risk in exchange for a smaller premium.
  • If you are employed and your employer pays for your insurance cover, it would be wise to get a separate cover privately, as well. The main reason being – though workplace insurance covers are usually very beneficial, they may be terminated when you leave your organisation. Today, most people are mobile when it comes to changing jobs, so you might not always have a cover when you’re transitioning from one job to the next.
  • Consider getting additional plans such as a critical illness cover or riders like accident cover, hospital cash, surgical cover, etc. These can be added to your existing policy as riders, for an added sum to your premium.
Keep to the above list of considerations, and you should be able to find the right cover with little trouble! Also, have a look at this video, which lists 5 things to look out for when choosing a health insurance policy, so that you choose the best health insurance policy for yourself and your family.

It's not enough to just buy a health insurance policy, you must also ensure it keeps pace with changing times and inflation. Are you looking to change your health insurance provider? Bajaj Allianz offers health insurance portability, which allows you to switch to a Bajaj Allianz policy from another provider without losing any of your accumulated benefits - visit website to know more!

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  • […] that you know the plans that are available in the market, you should read our article – “Tips for Choosing the Right Health Insurance Plan” so that you choose the best health insurance plan for yourself and your loved […]

  • anurag - May 18, 2013 at 8:33 pm

    if a customer has taken a medical policy in mumbai, and got a treatment after 2 yrs in new york, usa, whether he get a claim. My mobile no. 9826176746

    • CFU - July 5, 2013 at 6:15 pm

      Dear Anurag

      We would like to inform you that, kindly provide the policy number so that we can assist you further.

      Thanks and Regards,

      Help and Support team,

  • chandrawati tamrakar - April 28, 2013 at 1:38 pm

    Sir, I want to buy a suitable medical health policy for me ,spouse & my two children .can I add my mother-in- law in this policy or not? My husband had came first heart attack in june 2008 but now he is OK.by taking treatment after the chelation therapy.After that we all are affraid of my life so I decided to buy a health plan . my mobile no is 7415466029 plz contact me after 02:00 o`clock on monday.

    • CFU - May 15, 2013 at 5:10 pm

      Dear Sir, We request you to kindly send a mail to the below mentioned mail ID or kindly visit the nearest Bajaj Allianz branch for further assistance.


      Thanks & Regards,
      Help & Support Team.

  • Parthasarathi Giri - April 22, 2013 at 12:23 am

    I want a suitable medical insurance policy for husband and wife with maximum coverage of disease.
    Plz guide me what is the best plan that i can opt for.

    Parthasarathi Giri

    • CFU - April 24, 2013 at 7:24 pm

      Dear Parthasarthi,We request you to kindly provide us your updated contact number so that we arrange a call back from our concern department and assist you further.

      Thanks & Regards,
      Help & Support Team.

  • Shafique - April 2, 2013 at 4:34 am


    I wanted to opt for a Health Insurance Plan for my Mother, Uncle & Aunty (Elder Citizen’s – Below 70)

    Mother doesnt have any pre-existing disease
    Uncle has Blood Preasure
    Aunty has diabeties

    I wanted to know, if I enroll under any of your Insurance Plan’s .. Do they need to go under any Health Check Up or Its just an normal Process.

    Guide me what best plan will suite them.


    • CFU - April 2, 2013 at 8:34 am

      Dear Shafique,

      Thanks for writing to us.

      Please provide us the updated contact details so that we can arrange the call back from our sales department.

      Thanks and Regards,
      Help and Support Team

  • ritesh - March 22, 2013 at 8:38 am

    Age 42, want individual health insurance policy at the earliest. before 31/3/2013

    have bajaj’s ulip insurance for 6 years

    • CFU - March 22, 2013 at 9:11 am

      Dear Ritesh,

      Thanks for writing to us.

      Please provide us the updated contact details so that we can arrange the call back from our sales department.

      Thanks and Regards,
      Help and Support Team

  • shradha Nerkar - March 18, 2013 at 4:42 pm

    I want to buy medical policy which is covered with maternity benefit.
    But as curently I am working in Dubai, can I avail the same policy benefits in Duabi.
    Waiting for your positive reply

    • CFU - March 20, 2013 at 11:12 am

      Dear Shradha,

      Please provide us the updated contact details so that we can arrange the call back from our sales department.

      Thanks and Regards,
      Help and Support Team

  • P K Mandal - March 17, 2013 at 7:05 pm

    I want to buy a health insurance for my mother who is 70 yrs old. Unfortunately she is not having any proof for her date of birth. She is not having any pre-existing disease. Whether she can avail your Silver Health Policy.

    • CFU - March 18, 2013 at 9:15 am

      Dear Mr. Mandal,

      for writing to us.

      Please provide us the updated contact details so that we can arrange the call back from our sales department.

      Thanks and Regards,
      Help and Support Team

  • sam - February 25, 2013 at 8:15 pm

    Do you have a death benefit clause under the Silver health Plan.

    • CFU - February 26, 2013 at 12:24 pm

      Dear Sam,

      We request you to, kindly provide us the policy number and updated contact details so that we can do the needful.

      Thanks and Regards,
      Help and Support Team

  • prafulla - February 10, 2013 at 8:02 am

    i have to buy plan,Please call me back,my no-9595959078,
    My brothers is diabeties patient can u cover Brother and Family under this plan.

    • CFU - February 11, 2013 at 10:30 am

      Dear Prafulla,

      We are forwarding your complaint to our sales department and would revert to you with the corrective at the earliest.

      Thanks and Regards,
      Help and Support Team

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