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No Room Rent Capping | No Medical Check-up up to 55yrs | Tax Benefit up to 75k | Buy Health Insurance starting @ ₹244 pm

Why Compare Health Insurance Plans?

Over the past few years, most insurance companies have opened their services online, allowing customers to directly purchase insurance policies from their official or insurance aggregator websites. Purchasing insurance online has many benefits for consumers. First, customers can get cheaper premiums as commission fees and other extra costs involved with buying insurance offline are excluded in online insurance. Second, the customers have the option to visit the websites of different insurance companies and compare health insurance plans offered by each of them. By comparing the features, pricing and benefits offered by different insurers, customers can make the right decision on which health policy suits their needs.

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Best Health Insurance Plans Available at Bajaj MARKETS

You can compare health insurance plans of different insurance companies available at the Bajaj MARKETS website in the table below:

Health Insurance Plans

Claim Settlement Ratio

Sum Insured

Network Hospitals

Starting Premiums with GST

CTA

Bajaj Allianz Health Insurance

94%

₹2 Lakh - ₹50 Lakh

6,500+

₹3,776

Care Health Insurance

90%

Up to ₹50 Lakh

5,050+

₹5,277

Aditya Birla Health Insurance

94%

₹4 Lakh - ₹2 Crore

6,000+

₹3,887

 

Disclaimer: Premium rates mentioned for the above plans are not constant and are subject to change over time.

The Need to Compare Health Insurance Policies Online

Buying health insurance is a serious investment that needs a lot of research. If you do not read up on the subject and end up buying the wrong plan, you may not get proper health coverage for your medical costs. Your health insurance claims may also end up getting rejected if you choose a plan without much thought. The best way to compare health insurance plans is by visiting the different insurance websites and studying their health policies in detail. Try to understand all the terms and conditions, inclusions and exclusions, benefits and features offered, etc. Compare all of these points across the different health plans offered and then you can analyse which plan is the most suitable choice for you.

Benefits of Comparing Health Insurance and Mediclaim Plans Online

Here are some of the main benefits of comparing health insurance plans online:

  • Extremely Easy

Comparing health insurance plans has never been easier. All you have to do is go to a ‘health insurance premium calculator’ and enter your details. The calculator will then present the health insurance plans along with their features and pricing. To know more details, you can click on each individual plan.

  • Check all Plans From Home

When comparing plans online, you can check out all the plans from the comfort of your home. On the other hand, if you wish to check out health plans offline, you will have to visit the offices of different insurance companies, which will be time-consuming.

  • Compare Health Insurance Plans at any Time

Insurance websites are operational all the time, 24x7. Even if you want to look for details about a particular health insurance plan at midnight, you can simply open the insurer’s website and check out the health plan’s information.

  • Saves Money

Comparing health insurance plans online is completely free of cost. On the other hand, if you wish to compare plans offline, you will have to spend a lot of money on fuel/travel costs.

  • Making an Informed Decision

With all the information about different health insurance plans at hand, you can make an informed decision about which plan to buy rather than choosing a policy blindly at the insistence of an agent.

Steps to Compare Different Health Insurance Plans in India

Here are the easy set of steps you can follow to compare health insurance plans online in India:

Step 1: Go to the ‘Health Insurance Premium Calculator’ page on Bajaj MARKETS or other insurance websites.

Step 2: Enter your personal details such as name, mobile number, email, etc. and click on ‘Get Quote’

Step 3: A set of health insurance options from different insurers will show up on the screen.

Step 4: Compare the health insurance plans on the screen for price, sum insured, features, and other details.

Step 5: Select your preferred plan and then click on the ‘Buy Now’ option.

Step 6: You will be directed to their product page where you can purchase the plan online by paying the online premiums and uploading the necessary documents.

Comparing Health Insurance Offline vs Online in India

You’ve seen the benefits that you get by comparing health insurance online, but then how does it stack up against offline health insurance comparison? Here’s a table that can help you understand.

Particulars

Online Health Insurance

Offline Health Insurance

Time

It only takes a few minutes for an online health insurance comparison.

It can take even a whole day to compare health insurance plans through the offline mode.

Cost

There’s no cost involved with online health insurance comparison; it is completely free.

Offline comparisons involve transportation costs since it requires you to physically visit an agent or the branch of an insurance service provider.

Bias

Online health insurance comparison tools enable you to make a completely unbiased purchase decision.

The agent or the insurance service provider may induce a little bit of bias into you.

Transparency

Every little detail about insurance plans can be found online easily and in a transparent manner.

Offline comparison may lead you to miss certain details.

 

Key Areas to Focus on While Comparing Health Insurance Policies

Knowing where to start or focus on when you’re out to compare insurance policies can be very crucial. It not only helps you save time but can also give you better results as well.

So, let’s take a quick look at a few of the prime areas that you would need to focus on when trying to compare multiple plans.

  • Insurance Provider

When comparing multiple health insurance policies, it is a good idea to stick to renowned insurance providers with a good track record of claim settlement.

Don’t get enticed by low premiums and fancy features. Instead, focus on insurance providers that offer good customer support and have a high claim settlement ratio.

  • Extent of Coverage Offered

This is by far the most important area that you would have to focus on. Not all health insurance policies offer the same level of coverage.

Some may provide extensive and comprehensive coverage, while others may only provide coverage for certain specific treatments or diseases. So, this is something that you should keep an eye on when comparing policies.

  • Add-On Covers Offered

The add-on covers available can vary from one health insurance plan or provider to another. The greater the number of add-ons offered by the plan, the better, since it allows you to extend the scope of coverage beyond what’s offered by the base insurance plan.

  • Sub-Limits

Sub-limits are essentially limits on certain specific coverage aspects. For instance, some insurance plans generally place sub-limits on outpatient procedures, covering only a fraction of the expenses incurred by you on such treatments.

The higher the sub-limits are, the better. So, when you compare multiple plans, it is a good idea to focus on this aspect as well.

  • Network Hospitals Covered

When you undergo treatment in a network hospital, you become eligible for cashless claim settlement, where the insurance provider directly settles the claim with the hospital. This significantly reduces your financial burden. The more the number of network hospitals covered, the better the plan is.

Conclusion

Online medical insurance comparison only takes a few minutes, however, the benefits that you get to enjoy far outweigh the effort that you put in. If purchasing an insurance plan that fits your needs and requirements perfectly is important to you, then comparing multiple plans with each other is the right way to go about it. You can visit Bajaj MARKETS and compare the various health insurance plans available online.

Best Health Insurance Plans Available at Bajaj MARKETS

Health Insurance Top Pages

Government Health Insurance Schemes

Other Related Pages

FAQs on How to Compare Health Insurance Plans

✔️Is it possible to purchase two health insurance plans for myself?

Yes. You can be covered under two different health plans for enhanced coverage.

✔️Can I increase the sum insured of my existing health plan?

Yes, you can increase the sum insured of your existing health insurance plan at the time of renewal.

✔️What are the documents required to file a health insurance claim?

You can keep the following documents ready to raise a health insurance claim:

  • Health Insurance ID Card

  • Doctor’s consultation papers

  • Duly filled medical claim application form

  • Medical bills and hospitalisation reports

  • Pharmacy invoice or prescriptions (if any)

  • Hospital discharge papers

  • Other relevant documents

Read more about the health insurance claim process on Finserv MARKETS now!

✔️How soon should I purchase health insurance?

It is recommended to opt for health insurance at a younger age and as soon as you start earning!

✔️Is it safe to buy health insurance online?

Yes, it's completely safe to buy health insurance online, as long as you are purchasing it from a reputed insurer. 

✔️Where can I do the health insurance premium comparison for different plans?

You can use a health insurance premium calculator to compare the health insurance premiums from different companies.