Tips to Choose the Right Mediclaim Policy in India

Tips to Choose the Right Mediclaim Policy in India


A mediclaim policy is undoubtedly one of the most essential insurance policies for anyone who has witnessed a spike in health problems at an early age. Furthermore, given the high cost of medical treatment these days, there is a lot of emphasis in India on the importance of having a medical insurance policy.

Mediclaim policies are the most neglected type of insurance since there aren’t a lot of benefits unless someone falls ill. Also, nobody likes to get sick. However, these health issues are an undeniable part of people’s lives.

In the article, we will discuss various tips for choosing the right mediclaim policy in India.

Tips to Choose the Right Mediclaim Policy

It is vital that you look for insurance riders who meet your needs. Moreover, it is equally crucial that the health insurance policy doesn’t burn a hole in your wallet and suits your budget.

When purchasing a medical policy, the budget is critical. Additionally, you must look at the various benefits of the mediclaim plan before considering the prices. It is considered wise to look for a reasonably priced mediclaim plan to ensure that it covers you well and the premiums are affordable. Last but not least, with time, you should be able to review the policy and increase your coverage accordingly.

  • The right coverage 

Choosing a policy that provides security covers a wide range of medical issues and covers pre- and post-hospitalization, transportation, daycare charges, hereditary diseases, etc. This policy that covers the needs of all your family members is a must. Always compare various policies and apply diligence to choose the one that caters to your needs.

  • Lifetime renewability 

Look for a mediclaim policy that covers your lifetime, or at least a significant portion of your life and that of your family. A policy that covers the later years of your life is better.

  • Prefer family plans 

Always look for family plans rather than individual ones. Mediclaim policies cover full family support. However, if you’re looking for a policy covering the entire family, you must choose and buy a family mediclaim policy to enjoy the maximum benefits at an affordable price.

  • Major hospital coverage 

The medical insurance policy must cover both major preferred and non-preferred hospitals. This is because a vast network of hospital coverage across the world ensures that you have greater coverage and more options. This helps you avail services quicker, making it more convenient for you to claim settlements.

  • The right quotation 

Choosing a mediclaim plan that comes with caters to your needs is essential. You must always get the quotation for any mediclaim policy and then decide whether it suits your requirements and needs. Therefore, collecting the best quotes from various insurance riders, drawing comparisons, and then arriving at a decision becomes imperative for you.

  • A high claim settlement ratio 

A claim settlement ratio means the number of claims settled by insurance riders over the total received claims. Therefore, choosing a mediclaim insurance provider with a high claim settlement ratio is essential to ensuring that you are in safe hands.


Buying a mediclaim policy is an important decision that must be made carefully. This will help you prevent any financial losses or crises in times of medical emergency. Suppose you’re looking for a new health insurance policy. In that case, the tips mentioned above will come in handy and help you choose the best mediclaim policy in India with the maximum benefits for you and your family.

Also, if you do not have a mediclaim policy yet, get one for yourself and your family as soon as possible.