Things to know before buying Health Insurance
Who knew buying Health Insurance was this difficult
It all started with a simple tweet
I had recently done a lot of research before buying health insurance for few family members
Reading through the complicated policy wordings wasn't easy...That's why I wanted to share my learning with more people
I recently bought health insurance for few family members. The kind of person I'm, this meant an uncontrollable spiral into research
— Vinay Mimani (@wiredmau5) October 7, 2020
I read through at-least
- 15 policy documents,
- handbooks+circulars published by IRDAI (the regulatory authority),
- and several blogs
The tweet hit a nerve
Surprisingly, the thread received a lot of engagement
Many people shared their experience on how difficult it is to understand and choose health insurance that's right for them/their loved ones
This is such a helpful post Vinay - thanks so much. I hope you turn this into a blog post because there is no good info available online on indian insurance.
— Anu Kumar (@oianu) October 7, 2020
I am going to go over our insurance and ping you with Qs!
Thanks. I am sure it would be of great help to many of us. My observation - it is so easy and simple when you buy an insurance policy but it becomes so incomprehensible with most complicated legal interpretations! Whether IRDAI can urge ins cos to use simple language in policies?
— YatriganVJ 🇮🇳 (@veejayking) October 7, 2020
Extremely helpful, Vinay! Having gone thru the same process a few months back, I completely echo your sentiments around how tough it can be to get on top of all the insurance jargon-ry and make sense of it all....
— Sunny Guptan (@SunnyGuptan) October 7, 2020
Hi Vinay, this is simply superb information. 99%of us don't know most of this. Despite so much research myself, I didn't know the portability of employee group insurance... Thanks sooo much
— Ashish (@ashishkibaat) October 8, 2020
Problem worth solving
Although I knew that the experience of looking and buying for health insurance is broken, I didn't realise just how broken it was until now
When I made few of my friends read the many comments in response, we agreed that this is a problem worth digging in
And just like that, we decided to give it a shot
Any help appreciated
Although it's clear to us that mind-numbing jargons and torturous fine print are at the core of this problem, we would love to hear any other problems you might have faced
You can either reach out/Follow us on Twitter or
Drop-in your mail (we will reach out to you)