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Money Money Money: Here's what you need to keep in mind while buying health insurance

Updated : January 11, 2021 04:35 PM IST

The last 12 odd months have taught us many important lessons, one of them is having the right health plan in place.

So, it is always a big need, it is always a stepping stone to your personal finance portfolio. However, it is this pandemic time - coronavirus which has led us to rethink our priorities, rethink whether we have the right kind of coverage or not.

We have also seen a fair amount of product innovation in the last 12 months and we have seen the regulator come down tough in a very good way for a lot of the policy buyers in terms of making health insurance far more transparent and standardised.

So, what lies ahead in 2021 for the insurance sector? The one screaming headline that is already standing out is the rising cost of health insurance. Premiums are up anywhere between 5 percent to as much 50 percent in some minor cases. So, what is causing this inflation and will we see more of it? What you need to keep in mind when you get set to look at your health plan and health policies this year? To discuss this Surabhi Upadhyay spoke to Tarun Mathur, co-Founder & CBO, general insurance at PolicyBazaar.com; Bhabatosh Mishra, director - claims, underwriting & product at Max Bupa Health Insurance Company Limited and Mahavir Chopra, founder & CEO of beshak.org

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