How to buy the right health cover?

Buying health insurance is not easy. And the quantum of complaints indicate that consumers are not getting the deal they are looking for. Clearly, either the insurers are not doing a good job of delivering what they have promised, or consumers are confused about what they need and what they are getting. In short, there is a huge gap between what consumers are looking for and what is delivered. The situation is not made easy by the terminology pertaining to the range of services available from insurance companies. There are many different health covers available, each with a different name and a claim to be different and superior to all others. That is why it is extremely important to get your basics right before buying a health cover. Here is a primer. Individual Health Plans: These are the 'traditional' health insurance covers, known as 'mediclaim' policies informally. These generally cover hospital treatment

This article was originally published on July 20, 2021, and last updated on August 05, 2022.