The continued Covid-19 pandemic has uncovered our vulnerabilities like nothing earlier than and has given us a grim reminder in regards to the absolute significance of getting satisfactory medical health insurance safety in place. A complete medical health insurance coverage with an satisfactory sum insured protecting all of the dependent members of the family turns into extraordinarily useful in stopping your loved ones’s funds from getting drained to foot steep hospital payments if any of the insureds requires hospital therapy.

And in these occasions of skyrocketing medical prices, it gained’t be incorrect to counsel that your medical health insurance coverage ought to have a protection measurement of not less than Rs 5 lakh-Rs 7 lakh, particularly if you happen to keep in an city space. Plus, relying solely in your employer-provided group medical plan might be too dangerous just because that might be of no assist if you happen to additionally lose your job. As such, if you happen to nonetheless don’t have a medical insurance coverage coverage of your individual, you would possibly need to get one with out additional delay.

However earlier than shopping for a medical health insurance coverage, make sure you examine your choices fastidiously to discover a plan that greatest meets your necessities. Do examine for coverage options, add-on advantages and riders like pre and post-hospitalisation cowl, essential sickness safety, record of community hospitals, exclusions, ready durations for pre-existing circumstances, no declare bonus facility, and so on. Additionally, understand that the premium price shouldn’t be the one criterion whereas deciding on a medical health insurance coverage, in keeping with BankBazaar.

You also needs to concentrate on issues just like the insurer’s declare settlement observe file, ease of declare processing, and so on. whereas finalising a selected plan. After you’ve bought a coverage with an satisfactory sum insured, you may additionally think about additional increasing your safety ambit by going for a top-up or a brilliant top-up medical health insurance coverage (whose premiums are more likely to be a lot lesser than a daily medical health insurance plan) after due diligence.

So, if you happen to’re trying to purchase a medical health insurance coverage, listed below are the present indicative premiums for Rs 5-lakh particular person medical health insurance insurance policies by 20 main insurers within the nation. Do word, all of the premiums have been calculated for a 30-year-old married particular person residing in Bengaluru. Take note, the premiums relevant to you can be completely different relying in your age, gender, place of residence, pre-existing circumstances, cowl measurement and options of the coverage or some other phrases and situation of your chosen insurer.

How A lot Does a Rs 5 lakh Well being Insurance coverage Plan Value?

Disclaimer: Knowledge pertains to particular person medical health insurance cowl of Rs 5 lakh for a 30-year-old (married) particular person residing in Bengaluru, and has been collected from respective web sites on April 20, 2021. The info is indicative and the precise premium and knowledge could differ from the information talked about within the desk. *Sum insured = Rs. 6 lakh. **Sum insured = Rs.7.5 lakh.
Knowledge compiled by BankBazaar.com, an internet market for loans, bank cards and extra.