Updated version of this post is here. Buying health insurance – Comparison of 5 plans
I thought investing in mutual funds was a huge problem for you and me. Turns out I was so wrong.
Buying Health Insurance is a much bigger pain. I guess climbing the Everest would be easier. I don’t know from which planet did the creators of health insurance products come, but they have succeeded in scaring the hell out of us.
When the plans are presented to common janta like you and me, all I can feel is heads spinning.
Room rent capping, disease wise sub limits, waiting period for specific diseases and pre-existing diseases, co-payments, domiciliary hospitalisation, organ donor, emergency ambulance, renewals, no-claim bonus, refills, super top ups, top ups, vaccination, ….(stop for breathing…), how many things one needs to look at before deciding what makes sense?
I have spent over 24 hours (real hours) reading, talking and absorbing details on various health insurance websites and the plans they have to offer. Frankly, I am yet to recover.
Now I agree that there is a ton of useful material out there that already details what you should look for in buying health insurance. Even after going through those super helpful guides the evaluation of health insurance plans is simply no fun.
Anyways, after much dilly dallying, I decided to take the bull by the horns.