There are quite a few factors to be kept in mind while choosing the best health insurance policy in India. One should choose the coverage amount smartly as in case of inflation, a small coverage amount may not suffice if the illness is a particularly difficult one. In case one has a tight budget, one should opt for a family floater plan in which case one does not have to buy a separate policy for each family member. One should also consider other factors like age and marital status while thinking of health insurance policy to buy. Try to go for an insurance plan that has the minimum waiting period for pre-existing illnesses, which can vary from 2 to 4 years depending on the company. One should look for a maximum age renewal policies because illnesses are only likely to increase with an increase in age and so one should be able to renew the policy even at 70 or 80. Most importantly, it is important to choose a health insurance provider with a high claim ratio.
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Disclaimer - *Conditions apply. This product is offered under the Group Insurance scheme wherein Bajaj Finance Limited is the Master policyholder. The insurance coverage is provided by our partner Insurance Company. Bajaj Finance Limited does not underwrite the risk. IRDAI Corporate Agency Registration Number CA0101. The above mentioned benefits and premium amount are subject to various factors such as age of insured, lifestyle habits, health, etc (if applicable). BFL does NOT hold any responsibility for the issuance, quality, serviceability, maintenance and any claims post sale. This product provides insurance coverage. Purchase of this product is purely voluntary in nature. BFL does not compel any of its customers to mandatorily purchase any third party products.”
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