1. Reassess Your Coverage Needs Annually
Your health, family, and financial situation can change every year. Always review your policy during renewal to ensure it still meets your needs—especially if you’ve had a major life change like marriage, childbirth, or a new job.
2. Understand the Fine Print
Don’t just look at premiums. Read the policy inclusions, exclusions, and sub-limits carefully. Know what’s covered for pre-existing diseases, maternity, or daycare treatments before signing up.
3. Focus on Network Hospitals
Cashless hospitalization is only available in network hospitals. Choose insurers with a wide and reliable hospital network—especially near your home or workplace.
4. Compare Before You Buy
Use online comparison tools to evaluate plans based on coverage, claim ratio, premium, and customer reviews. The cheapest policy isn’t always the best one.
5. Check the Claim Settlement Ratio (CSR)
A higher CSR indicates the insurer settles most claims efficiently. In 2025, aim for a company with a CSR above 90% for peace of mind.
6. Look for Preventive Health Benefits
Modern health plans now offer wellness rewards, health check-ups, and fitness tracking benefits. These can lower your premiums and encourage a healthier lifestyle.
7. Consider a Family Floater Plan
If you have dependents, a family floater plan often provides better value than individual coverage, as it shares one insured sum across all family members.
8. Watch for Room Rent Limits
Room rent caps can reduce claim payouts. Opt for policies that offer no room rent restrictions or choose a higher room limit to avoid out-of-pocket expenses.
9. Utilize Tax Benefits
Under Section 80D of the Income Tax Act, you can claim deductions on health insurance premiums—up to ₹25,000 for self/family and ₹50,000 for senior citizens.
10. Go Digital for Easy Management
Many insurers now provide mobile apps and online dashboards for cashless claims, e-cards, renewals, and teleconsultations. Choose a tech-friendly insurer to simplify your experience.
