Planning to take health insurance policy? Do not go by premium alone

You also need to take into account exclusions and sub-limits

• Ensure that you are not underinsured. An individual must have a minimum Rs 5 lakh cover while a family living in a metro should have at least a Rs 10 lakh cover.
• Family floater plan is a good option for those who are married and have children as they can get a higher sum insured for a lower premium than if they were to buy individual policies.
• Opt for a policy with a shorter waiting period for pre-existing diseases.
• Select an insurer with a high claim settlement ratio. This will reduce the chances of your claim being rejected without a valid reason.
• Go for a plan that does not have sub-limits on things like room rent, ICU charges, etc.