Decoding ‘Best’ in Medical Insurance: What Indian Buyers Should Really Look For?
The Indian health insurance market is expanding at an unprecedented rate. This may be due to the increasing medical costs in India or the COVID-19 pandemic that made families think twice about their healthcare preparedness. However, with every new product being launched by insurance companies comes a plethora of new features, choosing the best medical insurance far more complicated than a simple comparison between premium and coverage. High claim ratios and cashless claims offered by providers tend to induce hasty decision-making. But with evolving market conditions, discerning buyers are now looking further than the brochure—because when dealing with a health crisis, a policy document holds more value than a flashy advertisement. Searching 'Best' In Indian Households Seeking the best health insurance policy does not have a standard approach as it depends on one’s requirements, and who asks. A salary-earning millennial will need di...