Know more about the various types of health insurance plans before you buy them

Buying of health insurance plan has emerged as one of the biggest risk mitigating tool in the recent times. With hospitalization cost running into a few lakhs for treatment of Coronavirus, the need for adequate health insurance coverage is rising.

If you are also looking to buy health insurance plan, we present a simple guide to help you make the right decision, remember, there are several varieties of health covers, with additional features and there are top- ups and super top-ups also to choose from.

Who would not like to get hold of the best of things in life?

This, however, may not work in the space of financial products including when it comes to choosing the best health insurance plan. It is not necessary that the best plan for one person will also be the best plan for someone else or for everyone. The concept of ‘one-size’ for all doesn’t exist in health insurance. The structure, nomenclature and its definitions could be standardised and may largely be same but in terms of benefits attached to them, there could be differences. And remember, each such difference leads to variation in premium. So, to start looking for the ‘best’ health plan would not serve the purpose. Try to understand the way a health plan works and about their features, so as to buy the best that suits you.