How to Choose the BEST Health Insurance Plan in India | Sanjay Kathuria

Hello everyone Rahul a 32-year-old IT professional from Pune He seems to be completely healthy They always went to the gym sometimes drank beer on weekends but nothing major One day I suddenly had a lot of pain in my chest Whenever there is chest pain our people think I must have eaten something spicy last night which caused acidity but the situation has turned very serious eart attack 5 days of hospitalization and when the bill came it came to 4.5 lakh rupees health insurance who takes that Unfortunately health insurance was not purchased Now imagine a lifetime of savings It ended in a medical emergency it was wiped out Remember this it could happen to you too Yes medical inflation in India has been rising at 14% for years which is twice the general inflation rate A small hospitalization can also drain your savings In this video I will show you how to choose the perfect health insurance policy that will keep you 100% financially secure They will learn the top 7 hidden traps of insurance companies 5 features that every health insurance policy must have family floater vs individual plan Which one will save you more money and most importantly I'll tell you at the end how to compare policies Only on a premium basis Also on a promise basis If you stay until the end of the video the You will know more about health insurance than insurance agents but before we proceed please subscribe to this channel Press the bell button to get notified when such videos are posted to you Hello friends I'm Sanjay Kathuria CFA your business finance and passive income coach and founder of Profits First bringing you an amazing video What are the things you should pay attention to in health insurance before looking into the policy I'll give you some shocking data that you probably don't even know about: in India two out of every three bankruptcies Medical expenses can be a major issue The average ICU cost in a good hospital can range from 25 000 to 50 000 per day Cancer treatments cost more than 20 00 000 rupees and 80 percent of Indians have access to them I still don't have health insurance he is severely underinsured you might be thinking I'll get treatment at a government hospital but the reality is that India has only 0.5 beds per 1000 people Yes although WHO says this number should be 3.5 In countries like Germany this number is around 8 making private hospitals the only option for quality healthcare and in critical illness time is the essence You don't have the luxury of choice You understand the basics of insurance They understand in a different way I'm simply explaining to you what insurance means Imagine health insurance as a safety helmet the premium is the cost of the helmet the monthly or yearly payment some insured is the protection level how much accident cover it will provide The claim is that when your actual accident happens you need protection but this is not just a normal helmet it has hidden terms and conditions You should know that I have researched from the Ditto Health Insurance Guide and they have explained these things very clearly These people are also partners in today's video I know that choosing the right health insurance might seem like a complicated process There are many terms co-pay room rent cap waiting period proportional deduction and more people buy policies before They don't check the terms in cheezon if you want to understand which policy is best which hidden terms should be avoided How to choose the right insurance you can visit the Ditto Insurance website here you can go through your entire documentation process What should be done It handles everything free of charge and once you have taken the policy It is not that the same work is finished but whenever you need to avail the policy the entire claim settlement process is required It handles itself to a trusted platform like ditto which unlike other intermediaries does not repeatedly call you to ask questions You can take advantage of our policy for your convenience so go ahead without any stress and avail a free consultation call If you wish you can click on the link provided in the description to get a free consultation and choose a better policy Here you can also read in -depth articles and guides that will help you avoid insurance frauds and mistakes Let me now show you the ditto website where you can learn all these things We will discuss 7 traps which insurance companies set up for you the first of which is the co-payment clause As the guide has instructed me you agree to a co- payment meaning you will pay 10-20% of the bill yourself Insurance companies are careful the premium will be lower brother but think a little now understand what you bought a policy for He is a premium of 7000 per year when you pay a co-pay to the insurance company go to We offer you a 25% discount which means you can save 1750 rupees a year But if a disease occurs and a bill of 2 lakh comes and you chose a 20% co-pay You will have to put 40 000 rupees into your pocket so how many years will it take to recover your savings almost 22 if you divide 40 000 by 1750 you get a number that is 22 years old You can create a 22-year waiting period to save 1750 If you have any illness you can do that here co-payments almost never make sense unless they are mandatory You are buying them for people who are old and have pre-existing diseases but if you are young You are buying for yourself Be sure to avoid the co-pay trap Watch the video now Be sure to like Tell me in the comment section which term that is where you laughed about medical insurance Now we move on to trap number 2 Room rent limit Room rent restriction Only room cost is not enough If you have 5000 rupees We have a policy with a daily limit They take a room for 10 000 rupees For doctor fees For surgery cost Everything gets proportionally cut back Now let's look at it through an example A 50 000 surgery was done But due to the room rent limit you will only get 25 000 the remaining 25 You will have to put it in your pocket and this is very well explained in this article that happens to you Maine screen pe share kiya hai to karna kya hai yaha pe likha gaya hai avoid policies with caps on room rent it's that simple No policy should be bought by you because then the room rent would not be capped and this would save you from trap number 2 We are here this is the third trap this is the most hidden trap 10 00 000 policy low premium is also reasonable but the fine print says heart surgery will be up to 200 000 miles for knee replaceme Up to 250 000 miles will be available for cancer treatment up to 300 000 rupees will be available It means that if you get a disease that has all the restrictions you won't get the full amount Your policy is 10 00 000 rupees and if the treatment for cancer is up to 3 00 000 is mentioned What to do if you get no more than 300 000 rupees you should ask your agent There's no upper limit for any brother for any particular disease and these are all things you need to know in the fine print I want to ask because see friends in our lives which disease will we get we don't know For the purpose of insurance we are taking out insurance and even if it is within the insurance You have a trap number 4 for pre-existing diseases companies wait for 2 to 4 years you have diabetes you have a problem with blood pressure Coverage will not be provided for any hospitalization related to 4 years If you want to avoid this then when you take an insurance policy You are in the waiting period for your purchase which should be at least ideally zero but if you have any pre-existing disease You will have to take some waiting period but the shorter the waiting period you choose the better it is whether you want a premium I have to give more money friends are making a fuss on premium they are trying I will save the premium Don't try to save more than a premium of 1000 2000 3000 rupees It will affect you and if you get sick once it will cost you a lakh rupees as we have checked in the case of coping You have a critical condition no pre or post hospitalization coverage this is very important before hospitalization you need to have an MRI test 15000 rupees cost The hospital bill is 50 000 rupees and you need to take medicine and have follow-ups after discharge Where 10 000 rupees are being spent only the hospital bill will be covered The rest of the 25 000 will go from your pocket the one you had an MRI before entering the hospital The medicine or post- care he is taking after leaving the hospital will not cover everything You will have to take out money from your pocket so you must take insurance that will save you from the trap and cover the number of days or amount after hospitalization How many days should it be 30 to 60 days If you are hospitalized 30 to 60 days before Within 30 to 60 days any expenses incurred should be covered by the medical insurance company so this is also the case Please write below What do you think Do you have this Tell me in the comment section So that I can keep informing you Interacting with me makes you realize what mistakes you make Trap number 6 is coverage for day care Your appendix surgery eye surgery and many cancer treatments require less than 24 hours of hospitalization The policies do not cover everyone meaning that if some people have cataracts then cataracts are Morning to evening it's completed so there are quite a few operations where you are not admitted to the hospital for more than one day It is necessary to have a daycare What does your policy say Does your policy include daycare If your policy does not include daycare This entire disease cannot be covered which means you could suffer a loss so this is another trap If you want to check your insurance policy trap number 7 is one of the most important traps unclear no claim bonus and restoration no claim bonus affect your coverage It's a problem if you don't file a claim just like I didn 't file a claim with my medical insurance from many people When I first took out medical insurance it was for 20 lakh rupees and now it has increased to 60 lakh rupees Since I have not made any claim of any kind what is the reason that you need to check whether it is in your policy or not The restorationbenefit resets your coverage after a claim so that you don't end up making a claim for 10 lakh After that my policy is not resetting my policy has dropped to that level so you should check this What is happening Are you getting a no claim bonus and is your policybeing reset or not whenever you get Hi claim karte ho par ye dono cheeze fine print me hoti hai isliye aapko ya toh isko padna padega ya apne agent se baar puchhna padega dogclarification leni padegi and I will another A comprehensive day care procedure list is required which should include more than 150 procedures and should provide the benefit of restoration After making a claim your coverage will be reset What are the good to have features What is Ayush coverage What does Ayush mean What is it Ayurveda yoga unani and aur shirodharafor alternativetreatments these things should cover for free healthcheckups Your cover should be in place because prevention is better than cure domiciliary treatment meaning home treatment in case of emergencies you should have it on hand It should also cover OPD expenses so that any small or big expenses can be reimbursed by the insurance policy see I personally Same here health insurancecomparison We can clearly see which policy has which features Now what will we do We will make a real comparison Now we have 3 plans We cover families of four two adults and two children Now on policy A the premiumis15 000 The annual premium is 10% of the sum insured the room rent is 1% of the sum insured this is a red flag there are no any for the restoration They are not here this is another red flag has emerged pre and post coverage 30 and 60 days period 4 years this is also a Red flag aagaya par yahin pe policy B ko dekhte hain policy B ka premium 18 000 hai ussi 10 lakh rupe ke liye There is no cap on room rent 100% unlimited coverage is available for pre and post hospitalizationcovering60to 90 days and a waiting period 3 years is very good now comespolicy C here premiumis20000 for a cover of 10 lakh for room rent Anything is possiblenothing is impossiblerestorationis 100% possible once a year pre and post coverage 60% [-] and 180 days are there and waiting period for pre- existing diseases is 2 years and now you have same amount of insurance for Threepolicies you are who C select will obviously policy C select if your 5 000 rupees morepremium jus Hello you are already secure here on every count now you need to customizeyour plan every family' s needs are different for example You are youngsingle andprofessional You should have a significantcritical illness rider If you have a family you should have a family floater with [-] [-] Maternitybenefits should be available if you are a senior citizen your waiting periodshould be shorter even if your premium is higher How to proceedwill depend on your pre -existingconditions conditions