• How Much Health Insurance Cover Do I Need?

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    Health Insurance is a saviour when you or your immediate family face any medical issues and need financial backup. It helps to save money on various expenses incurred from hospitalization and other Out Patient Department (OPD) expenses. However, there are various things that you should keep in mind before purchasing a health insurance cover. In order to evaluate how much health insurance cover an individual needs, the following factors should be taken into account:

    Factors to be Considered while Deciding Health Insurance Cover for you:

    • Premium Payment - Ability to pay premium is an important factor while deciding the extent of health insurance cover that you will need. When you choose a higher sum assured and more benefits, the premium will also increase. Individuals should assess their ability to pay the premium and then choose the type of health insurance policy they need. The health insurance policyholder can avail a limited cover at an affordable premium and increase the extent of cover at a later stage.
    • Annual Income Percentage - Annual income is directly proportionate to the health insurance cover. The annual income of the proposer is considered by insurance providers, in the process of determining the maximum health insurance cover he/she is eligible for.
    • Family History - Family history is another factor that affects your health insurance cover. The insurer will look at the history of health problems and diseases contracted by your family members in order to evaluate the risk of the insured contracting the same. Individuals falling under the high-risk category should get a comprehensive health insurance policy.
    • Age of the Insured - Another important factor that will affect your health insurance coverage is your age. Individuals who have bought health insurance policies while young, can avail a discount on premium. However, individuals over 45 years of age would have to pay more premium for health insurance coverage since the health risks involved are higher.
    • Type of Hospital - The health insurance cover is also affected by the grade of hospital where you choose to be hospitalized. Based on the grade of the hospital, different rates are charged for the same treatment. Thus, the amount of health insurance cover that is needed has to be determined by calculating the expenses that might be incurred from the hospital of your choice.

    Health Insurance Cover Based on Requirements:

    • Supplement to Health Insurance Cover offered by Employer - Most companies offer health insurance over to its employees. However, this will be in effect only until the last date of employment with the company. Since it is risky to depend only on the health insurance cover offered by your company, you also have to take an alternative health insurance policy for yourself and/or your family. This would help in the face of any unforeseen event such as a layoff, unemployment, job change, etc. which will cause the health insurance policy offered by the employer to cease. Availing a health insurance policy in addition to employer health insurance would help you to be prepared for any medical emergencies.
    • Tax Benefit - If you are availing a health insurance policy mainly for the purpose of availing tax benefits, then you need not take a comprehensive health insurance cover. You can evaluate the amount of tax deduction you wish to avail through the policy and then purchase one that meets this requirement.

    GST rate of 18% applicable for all financial services effective July 1, 2017.

    Disclaimer: Premiums may vary depending upon factors like age, location and prevailing taxes/GST.

    How Much Health Insurance Cover Do I Need? Reviews

  • Page 1 of 21 1 2 3 4 5
    • Max Bupa Health Insurance
      "Good Protection for Health"
      0.5 4.0/5 "Great!"
      Max Bupa gives the medical cover around Rs. 2 lakhs its covers only for me. I paid around Rs. 2500 as premium amount for one year. They do have tie up with good hospital. I hope Max Bupa is providing tax benefits and no claim bonus on the health policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 20, 2018
    • Religare Health Insurance
      "Its Good"
      0.5 4.0/5 "Great!"
      RBL gave me the Health insurance from Religare , without my knowledge they have charged me Rs. 3000 of premium, for the tenure of one year. Religare premium was converted into EMI. Religare gave me the medical cover around Rs. 1.5 lakh with cash less treatment facility and they got tie up around 1000 hospital in India.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 20, 2018
    • United India Health Insurance
      "Good policy"
      0.5 3.0/5 "Satisfactory"
      I have taken a health insurance from UNITED INDIA INSURANCE. They provide cashless facility. And i dont have any previous claim experience. Yearly i have to renew the policy. This policy cover my family and myself. They provide cashless facility.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Feb 19, 2018
    • Religare Health Insurance
      "Its Best"
      0.5 5.0/5 "Blown Away!"
      I have corporate insurance from Religare Health, I didn't check the benefits, I believe I got medical cover upto Rs. 3 lakhs for my entire family. I got Religare e card. If in case of any emergency if I admit more than 24 hours I can get the reimbursement. I would suggest to enable daily check on insurance.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • Religare Health Insurance
      "Bad Experience"
      0.5 1.0/5 "Really Bad"
      This is my first term with Religare Mediclaim plan. 7 months down my Insurance my Brother had an accident, and consequently they didn't cover me up during this time. I had to pay more than Rs.1 Lakhs for the treatment. I applied for it thrice and all the three times it got rejected, they said accidents aren't covered in this Insurance.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 16, 2018
    • Royal Sundaram Health Insurance
      "Average service"
      0.5 1.0/5 "Really Bad"
      I have taken Royal Sundaram Health Insurance policy,i purchased two months ago,the premium amount is is 6000 paid per annum,I dint receive the kit as yet.The policy coverage is three lakhs and they would cover 100% cashless treatment.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • Bajaj Allianz Health Insurance
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a Health Insurance with Bajaj Allianz ,the premium amount is 12,000, its a one time payment.They cover including the dependants the policy coverage amount is five lakhs ,they give 100% for cashless treatment.I pay my premium with my EMI card of bajaj allianz.
      Was this review helpful? 0
      , jaipur
      Reviewed on Feb 15, 2018
    • ICICI Lombard Health Insurance
      "Better service"
      0.5 4.0/5 "Great!"
      I have taken a Health Insurance with ICICI Lombard,the premium amount is 10800 its a one time payment.They cover including the dependants 40% and for the primary holder its 60%they give 100% for cashless treatment.I would say its the best for an individual take a policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 15, 2018
    • HDFC Ergo Health Insurance
      "Good insurance"
      0.5 5.0/5 "Blown Away!"
      I have taken a Health insurance with HDFC Ergo,The premium amount is 17,000 including family members.The insurance is active since 2014. They promised to cover 100% cashless treatment till date i have no experience for the same.The payment is don't through Auto debit from credit card.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 13, 2018
    • Religare Health Insurance
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I hold a health insurance with Religare from last 3 years and it is average policy to use. This policy has to be renewed every year and i pay a premium of Rs 18000 for this insurance policy. My claim experience was not up to the mark because they do not cover non hospitalisation bills. I have a coverage of Rs 7 lakhs which is satisfactory.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 07, 2018
    • Bank Bazaar Health Insurance
      "Good go to Bank Bazaar"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar insurance.com is providing essential information regarding the health insurance, Through Bank Bazaar its easy get the product through online by comparing, premium, medical cover, claim settle ratio in an one place. The executive responded well on my queries. But it would be great, if they send E card on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 08, 2018
    • Star Health Health Insurance
      "Good Health protection for my family"
      0.5 4.0/5 "Great!"
      I took family medical insurance from Star Health for four person. Yearly I make Rs. 11,500 hence they gave me the medical cover Rs. 9 lakhs. There was no claim experience because I took it before four months. Star Health provides cash less facility, I can avail this facility by using e card.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 28, 2017
    • Cigna TTK Health Insurance
      "Good Protection for Family"
      0.5 4.0/5 "Great!"
      Cigma TTK gave me some Pro plus health insurance, they were covering every thing, and it gives cover for critical diseases and they have cashless facility they got tie almost many hospital. I got medical cover of Rs.5.5 lakhs includes my spouse, I paid the premium around Rs. 11,200 on yearly basis.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 21, 2017
    • HDFC Ergo Health Insurance
      "Its Best"
      0.5 5.0/5 "Blown Away!"
      HDFC Ergo is good, I paid Rs. 7500 premium for the tenure of two years. They gave me the medical cover of Rs. 7 lakhs but its covers only for me. They got tie up with good hospital, even they have cash less facilities option. But their customer service is very bad, during sale call they spoke with me very rude.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 20, 2017
    • Apollo Munich Health Insurance
      "Good Protection"
      0.5 3.0/5 "Satisfactory"
      My company gave me medical cover from Apollo munich, they gave medical cover for my entire family. For me they gave me the value of Rs. 2 lakh for father and mother gave me Rs. 1 lakh of each. They got tie up with good hospital but I don't have any claim experience.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 19, 2017
    • Bajaj Allianz Health Insurance
      "Good Health Cover"
      0.5 4.0/5 "Great!"
      When I got admitted in hospital, initially I paid some amount, then I took approval I got cash less treatment. Even they reimbursed the payment which I paid. They got tie up with good network hospital, totally I have medical cover of Rs. 2 lakhs.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Dec 18, 2017
    • National Insurance Health Insurance
      "Good Medical Policy"
      0.5 4.0/5 "Great!"
      I make Rs.5000 as premium on yearly basis, it gives medical cover around Rs. 3.5 lakhs it covers only for me. I have taken National Insurance medical policy in last December, since I don't have claim. The Insurance company got tie up with big hospital max hospital, apollo hospitals etc. They do have cash less facilities.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 09, 2017
    • Apollo Munich Health Insurance
      "Good Protection for the family"
      0.5 5.0/5 "Blown Away!"
      Apollo Munch got tie up with Canara bank, I make Rs. 3600 for the policy cover 3 lakhs, it covers my entire family. It has the tenure of three years, it gives cover for all critical disease, cancer, dental etc. They got tie up with good hospitals.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 09, 2017
    • Religare Health Insurance
      "Good Medical coverage"
      0.5 5.0/5 "Blown Away!"
      My friend is working with Religare hence I took the health insurance with them. I made the premium around Rs. 6700 it has tenure of one year. It has the medical cover of Rs. 5 lakhs, it covers only for me. They got good tie up with good hospitals, I got E card for the cash less treatment.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 02, 2017
    • Bajaj Allianz Health Insurance
      "Good Health protection for family"
      0.5 4.5/5 "Excellent!"
      Last month I bought Health insurance with Bajaj Allianz, I am an ex employee of Bajaj, hence I know their the benefit of policy. I paid the premium of Rs.9430 its covers my entire family, me, spouse and child it has the medical cover of Rs. 30 lakhs, they have good network of hospitals. I could download the E card for the cash less treatment.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 28, 2017
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