Even those policies that pay for the alternative treatments, exclude naturopathy treatment, acupressure, acupuncture, magnetic therapy, massages, steam bathing, Shirodhara and Ayurvedic treatment" says Mahavir Chopra of medimanage.com

"If a bank has two million customers, it will negotiate on the best premium to allow the insurer access to those customers. On the other hand, it also has a pull effect as the bank may be able to secure more customers by offering a medical policy at a 'reasonable' rate" says Mahavir Chopra, head, e-business, medimanage.com

A wrong decision can affect finances for a long term. Hence, it pays to learn from mistakes others make and avoid them when buying your next health cover.

"As part of long-term financial planning, there is no doubt that one should look for zero loading as one of the features, apart from lifetime renewal,lifetime zero co-pay ratio, no limits on surgeries and room rents,and the claim settlement track-record," advises Mahavir Chopra of medimanage.com.

"Premium is charged by the insurance company according to an Irda-approved premium chart. This can be easily obtained from the insurer's website or its office" says Mahavir Chopra, head, e-business, medimanage.com