How to select a health insurance policy in 2020: A Webinar

how to choose a health insurance policy

Published: September 10, 2019 at 9:37 am

Last Updated on

Selecting a suitable health insurance policy is one of the most difficult decision in personal finance. Yet it is one of the most important steps that cannot be avoided. It would make a big difference if an experienced expert in the field discussed the basics of health insurance coverage and talked us through how to select a health insurance policy. This is a webinar by Deepak Mendiratta, managing director of plancover

Deepak has helped many families get medical cover and has also favourably resolved complicated claims. His competence is regularly on display at FB group Asan Ideas for Wealth (AIFW). Deepak offered to host a webinar last Sunday for AIFW members to discuss the basics and key aspects to keep in mind while choosing a health insurance policy.

He has kindly shared the recording for the benefit of freefincal readers. This is meant for both complete newbies and those who understand the basics of health insurance. Please watch this, take notes, bookmark this post and watch it again with your spouse while reading health insurance policy T &C. Also, do share it with your contacts who also need to buy a policy.

This is the Health Insurance Policy Comparison Spreadsheet mentioned in the webinar prepared by K R Lakshminarayanan. If you have any questions, you can leave a comment below, or at AIFW or tweet to @PlanCover or via their website.

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  1. I have company mediclaim (2L)+Star family floater optima policy(3L)+Religare Topup(10L with deductible 5L) policy.
    Last year,2018 I had to undergo a critical tumour surgery (carcinoma)in October.Most of the expenses were paid by company and Star policies by December 18 with almost all SA consumed.For precautionary Chemo day care,I tried to use Religare top up policy of which claims were rejected as it is valid for deductible amount only in the same year.As it is not possible to predict, how can they refuse when all policies are in effect valid for last 4 years?What is the solution to avoid such problems faced by me and causing resentment?

  2. Hi Mukund, if i understand, your question appears to be that Religare denied a claim under super top up. I dont see any reason for this denial. Since this wasn’t a pre existing disease declaration at the time of taking the Religare policy, you should challenge the denial.
    Though what is possible is that in the super top up policy period, you may not have met the deductible amount. Do share the dates of renewal of your base covers and super top up, the devil may lie in those details

  3. Hello Deepak,
    You are partially correct.
    Date of Surgery-15/10/18
    Date of Discharge-29/10/18
    Hospital bill settled by co.insurer & Policies period 14/01/18—13/01/19
    Chemo day care 4 sessions of 3 days each
    Religare refused to honour any of above sessions though the policy period was 20/12/17-19/12/18 and renewed for 20/12/18-19/12/19.

  4. My son is 4 years old and having one kidney, but he is perfectly healthy otherwise. But many insurers denied to cover him for having unilateral kidney. Myself and my wife have separate health cover for 5L each. Now we want to know that is there any way(any insurer/scheme) we can cover our son too?

  5. I was diagnosed with Ankylosing Spondylitis in 2002 and have been under medication since then.

    I took a health insurance policy from United India but the policy has a permanent exclusion for Ankylosing Spondylitis. I have this policy for almost 10 years now.

    Please let me know if any insurance providers include Ankylosing Spondylitis in the health insurance policy so that I can but that insurance policy.

  6. I have insurance cover by Max Bupa for 2 lakhs. I needed a surgery for a condition called paroxysmal supraventricular tachycardia in 2014. I am still covered under the policy but when I asked to raise the cover ,they refused even though the condition is treated and it’s not a recurring condition? I want to have more health coverage…how should I address this issue? No diabetes or hypertension or any other illness now. I am 42

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