If you are residing in the metro cities then the cost of treatment is high hence for an individual your sum insured should ideally range between 10 lacs to 20 lacs. If you are looking for a family cover to insure your spouse and kids a sum insured that ranges between 15 lacs to 20 lacs suits best on floater basis. It should be adequate to cover more than one hospitalisation that may happen in a year.

Usually your medical expenses depend upon your room type and disease. It is recommended to buy a health insurance plan that does not have sub-limits on hospital room rent so that you can choose the hospital room as per your comfort. Most of our policies also don’t imply disease sublimit; this is also an important factor one must keep in mind.

Always check if the insurance company has a wide list of network hospitals. If the nearest hospital or medical facility is listed by the insurance company it will help you avail cashless treatment. In the Health Insurance Industry, They have a huge network of 10,000+ cashless network hospitals all over India.

Your health insurance plan does not come into action while you are waiting period is not completed. Always check health insurance policies with lower waiting periods for pre-existing ailments and maternity benefits before buying a health insurance plan online.

If you wish to pay low premiums for a health insurance plan then co-pay your hospital bills. You end up sharing the medical expenses with your health insurer hence you do not have to pay a heavy premium.

Always choose a health insurance company that has a good reputation in the market. You must also look at the customer base and claim paying ability to know if the brand will honor the claims that you may make in future.

A health insurance plan not only covers your medical expenses but also offers tax benefits so that you can save upto 75,000^ under Section 80D of Income Tax Act 1961. It plays an important role in planning your finances.

By getting yourself a health insurance plan, you can get a deduction of up to 25,000 per budgetary year for medical insurance premium under Section 80D of Income Tax Act 1961.

If you are paying the medical insurance premium for parents, then you can also claim an additional deduction of up to 25,000 every budgetary year. If your parents or either of them is a senior citizen, then this limit can go up to 30,000.

You can also claim tax benefits on preventive health check-ups annually under Section 80D of the Income Tax Act. You can claim up to 5,000 every budgetary year as expenses incurred for preventive health check-ups.