Guide To Buying Health Insurance Online
Mutual Fund Insight|March 2022
Want to buy health insurance but not sure how to do it? Here's some help.
Guide To Buying Health Insurance Online

With the pandemic taking a toll on our lives, V V insurance for all family members is felt like the importance of adequate health never before. Health insurance also reduces your tax as the premiums are exempt up to a certain limit (see the table 'Tax-saving expenses' in the cover story).

No doubt, buying a health cover is necessary. However, selecting the right option is quite confusing for many. In India, over 30 companies are providing health insurance and each has a variety of plans. Here is how you can choose the right health cover.

Compare premiums

You can compare various insurance plans, especially their premiums, on insurance-aggregator websites like PolicyBazaar and Coverfox. Submit your basic details like age, smoking habits, and the size of the cover you are looking for. A comparative table with premiums charged by different insurers will be generated in a few seconds. Consider it as a starting point to shortlist a few insurance plans based on the premium. You may also look at some other important factors like the waiting period and the network of hospitals.

Calculate the cover amount you need

There is no thumb rule to decide how much health cover would be sufficient. You may come across policies that will offer a cover of as high as Rs 1 crore. It is, however, not necessary to buy such a high cover, as it will increase your premium. Also, the size of the cover is not the only thing that one must consider while buying health insurance. Several other factors should also be considered, as discussed in this article. Still, to give you an idea, have a cover of at least Rs 15-20 lakh for a family of three to four people.

Compare floater and individual cover

Diese Geschichte stammt aus der March 2022-Ausgabe von Mutual Fund Insight.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der March 2022-Ausgabe von Mutual Fund Insight.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS MUTUAL FUND INSIGHTAlle anzeigen
International Mutual Funds Find Flavour But Lose Favour
Mutual Fund Insight

International Mutual Funds Find Flavour But Lose Favour

Despite stellar performance, these funds are cold-shouldered by investors

time-read
3 Minuten  |
September 2023
The Dose Makes The Poison
Mutual Fund Insight

The Dose Makes The Poison

Are your fund investments diversified? Or are they diworsified? Here’s the solution

time-read
5 Minuten  |
September 2023
'Since Sahi Hai drive launch, industry has grown over twofold'
Mutual Fund Insight

'Since Sahi Hai drive launch, industry has grown over twofold'

The AMC’s marketing and corporate communication head also lauds MFCentral and MF Utility

time-read
3 Minuten  |
September 2023
'Earlier, not many knew of mutual funds; now SIP is a verb'
Mutual Fund Insight

'Earlier, not many knew of mutual funds; now SIP is a verb'

The CMO also explains how 4G, fintechs have elevated mutual funds’ reach

time-read
4 Minuten  |
September 2023
'MFCentral is the most impressive of online platforms'
Mutual Fund Insight

'MFCentral is the most impressive of online platforms'

Shah says though passive funds are growing, there’s a long road ahead

time-read
3 Minuten  |
September 2023
'Fintechs are driving mass financial inclusion'
Mutual Fund Insight

'Fintechs are driving mass financial inclusion'

Shah also lauds the pace at which distributors have embraced technology

time-read
2 Minuten  |
September 2023
'A Maldives tour guide knew of the Mutual Fund Sahi Hai drive'
Mutual Fund Insight

'A Maldives tour guide knew of the Mutual Fund Sahi Hai drive'

Interaction with Edelweiss’s senior VP and head of products and marketing

time-read
3 Minuten  |
September 2023
'More distributors will come to MFCentral, MF Utility'
Mutual Fund Insight

'More distributors will come to MFCentral, MF Utility'

Goyal feels they can grow their business five times, 10 times with tech

time-read
3 Minuten  |
September 2023
'The size of passive funds has grown 36 per cent in a year'
Mutual Fund Insight

'The size of passive funds has grown 36 per cent in a year'

Parija explains how mutual funds have gained traction

time-read
5 Minuten  |
September 2023
Tomorrow, and tomorrow, and tomorrow...
Mutual Fund Insight

Tomorrow, and tomorrow, and tomorrow...

There are a total of about 1.1 lakh crores of rupees invested in India’s mutual funds and the number of investors is now about 12 crore

time-read
4 Minuten  |
September 2023