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If you don’t know which health insurance plan to buy, go through the ET Wealth-PlanCover.com rankings. In this issue, we list the top contenders for couples above 60 years of age.

Given the rising cost of health care and medi cal treatment, it is be coming increasingly important to insure oneself. However, the market is flooded with products, with as many as 24 companies in general insurance and many life insurers offering various types and sizes of covers. The features, terms and conditions, limits and sub-limits are often hidden away in the fine print and their interpretation is confusing. This makes it difficult to choose a product that suits a specific lifestage requirement and offers the best value for money.Since decisions are made mostly on the basis of lowest price, claims rate or recommendations of agents, it can result in claim rejections or partial settlements.

To ease this dilemma, we offer a ranking of various health insurance products available in the market. The ranking is done by PlanCover.com, HII Insurance Broking Services Private Limited, an IRDAI-licenced insurance broker. It will try to explain the impact of various terms and conditions and zero in on the policy that is most appropriate for you.Instead of offering a ranking on the basis of policy segments (individualfamily) or assigning points to features independently, PlanCover.com links it to customer categories. The various features in a policy are assigned weightages according to their relevance to the given customer segment and the final rankings arrived at after this.

ET Wealth shall provide these rankings every alternate week for different customer segments. The listing shall be accompanied by star rating, premium rates, and five features that are most relevant to the given category. The details can be seen on the link provided. We hope this will reduce the trauma of choosing an insurance policy and shall meet your specific requirements.

CUSTOMER SEGMENTS

Young Single

(MALE) 18-40 years This profile caters to young to middle-aged single males, with no dependants and no immediate plans for children.

Young Single

(FEMALE) 18-40 years This profile caters to young to middle-aged single females, with no dependants and no immediate plans for children.

Young Couple

(WANTING CHILDREN) 18-40 years This profile includes those who may or may not already have children, but want a child in the near future.

Young Couple

(NOT WANTING CHILDREN) 18-40 years This profile includes those who may or may not already have children, but definitely don’t want a child in future.

Established Couple

(WITH CHILDREN) 41-60 years This profile covers mostly middle-aged to mature couples, with older, but still dependent, child or children.