I am 22 years old with no health issues till date and I am looking to buy an individual health plan for myself. I am looking for a sum insured of ₹20-25 lakh and a plan with no co-payment and sub-limits on room rent. Does the above criterion make sense? Please suggest a suitable plan.
—Yash Sanghav
Your criteria for shortlisting health insurance plans make sense. You should consider three other aspects while making this decision. First, opt for a plan with high no-claim bonus. This will ensure that you accumulate bonus sum insured in early years and can use it later if required. Second, select an insurer with a good claim settlement track record. It is important to ensure that the insurer will fulfil its obligations when you claim. Third, prefer a plan that has modest price increases with age. Some plans offer low premiums for younger age groups but increase the rates in later years.
