Buying health insurance? Here are things that you need to keep in mind

Take into account medical history, city of residence, and lifestyle when deciding on your initial health insurance amount

While awareness about the need to buy health insurance is growing, what is not adequately appreciated is that medical inflation, or the cost of treating diseases, grows at a much faster pace than the consumer price index-based inflation. So besides buying a health cover for your family, you also need to worry about whether the amount is adequate, and revise it upward from time to time.

According to a recent study by Policybazaar.com Product & Innovation Centre (PIC) conducted across 20 states and by taking into account the buying behaviour of over 10,000 consumers, around 40 per cent of Indians