Factors to consider while comparing health insurance policies in India

Being responsible does not only mean having a huge bank balance and fulfilling the needs of your loved ones. It also means taking care of your health. If you are well, your family will anyway be protected and be taken care of. And as we talk about taking care of health, it is not all about eating the right food and indulging in physical activities. It also means investing in health insurance policies. Having the right family floater health insurance plan is very important these days. 

We have already seen what happened in the past two years, and how so many people suffered from COVID-19. Many of them ended up in the hospital also. We are not sure what is there in our future but we can at least make the necessary arrangements that even if we are admitted to the hospital, we do not have to compromise on our treatment because of money. 

Nevertheless, we must compare health insurance plans before choosing one. This helps us in making an informed decision. Here are some of the factors that you should check while comparing health insurance policies.

Network hospital

If you get your treatment done in one of the network hospitals of your insurance provider, you can avail of cashless treatment. Therefore, if you want to get cashless treatment, you must check the list of network hospitals the insurer has. You can check if your preferred hospital is included in the list or not. If not, then if the hospitals that are included in their list provide quality treatment or not. You should also check the distance of the network hospitals from your home. There is no point in taking a chance during an emergency.

Age limit

We all know that elderly people are more likely to fall ill. Therefore, checking the maximum permissible age limit makes sense. You must look for a health insurance plan that continues to provide coverage to people who have crossed the age of 65 years. And if you are choosing a family floater health insurance plan, you must add your parents.

Waiting periods

The waiting period is the time taken by the insurance companies to check if the policyholders have any kind of pre-existing illnesses. This is also the time when the policyholders cannot avail of the coverage and any other benefits. So, you must look for a health insurance plan that has the shortest waiting period. The sooner your waiting period is over, you will be able to avail of all the benefits of the health insurance plan.

Add-on cover

Many health insurance plans come with add-on covers. Getting add-on covers to safeguard the policyholders against unknown medical emergencies. The common add-on covers include personal accident cover, top-up/super top-up policies, and critical illness cover.


Riders can be added to basic health insurance plans. You have to pay a bit more or an additional premium for availing of the riders. The common riders that you will come across are room rent waivers, maternity cover, and hospital cash.

Daycare surgeries

Some surgeries and medical treatments do not need the patients to be hospitalized for more than 24 hours.  Those treatments take only a few hours and the patients are discharged on the same day.  This kind of treatment is called daycare treatment. You must check the specifications of this facility if it is included in the health insurance plan.

Considering these factors will help you to get the best health insurance policy for yourself and your family. Now to come across the top health insurance policies, you can visit the IIFL website.

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