When you are looking at dozens of policies that offer comprehensive coverage, it can be very overwhelming to choose the right and affordable health insurance. The right health insurance, however, isn't always the most expensive one or the one your friend or uncle recommends. Instead it’s the one that suits your unique financial situation, health requirements, and life circumstances. We've put together a list of seven strategies to help you sort through the marketing clutter and make the right medical policy choice you'll be happy with for years to come.

Understanding the terms and conditions of your health insurance plan can make a huge difference when it comes to filing claims and managing your finances during a health crisis. One crucial feature to understand in this regard is the restoration benefit in health insurance.

In this blog, we will learn the meaning of restoration benefit and explore its importance in health insurance.

Health insurance is of utmost importance and is an excellent option to ensure the timely treatment of you and your loved ones while not burning a hole in your pocket. The claim process of health insurance plans is really simple and is now made even simpler with a cashless claim facility.

However, without proper documentation, there can be complications at the time of reimbursement, which can postpone or even lead to cancellation of treatment at the end moment. Know about all the documents required for a health insurance claim and the procedure.

According to a cancer research paper published in The Lancet Oncology Journal, about 10 lakh people in India are diagnosed with cancer every year and 6 to 7 lakh succumb to this fatal disease. By 2035, these numbers may almost double to 17 lakh new patients and 12 lakh deaths per year.

While technological advancements have made it easier to detect cancer in its early stages leading to improved life expectancy, the associated costs have also increased manifold. In fact, the cost of five common cancers in India has grown 3-4 times since 2000 (Source).

A dedicated cancer insurance plan should be availed to mitigate the expenses related to cancer treatment.

If you have a health insurance policy, you must pay a set premium monthly, annually, or bi-annually. This fee ensures that your insurance keeps providing you with the chosen health protection. However, understanding how health insurance premium work may be overwhelming. Certain factors surround this component, which makes the fee differ from one person to another.

Read through the following sections to know how premiums on health insurance are calculated and the factors that affect health insurance premiums.