How should I consider buying insurance?

When buying insurance in India, most people compare only the premium. That is usually the wrong starting point. A cheaper policy can become very expensive if it has room-rent caps, co-pay, exclusions, weak claim support, poor hospital network, or badly explained waiting periods.

A better way to buy insurance is to first ask: “Who is helping me choose, compare, buy, and claim this policy?”

That is why I think buying through a good insurance broker is often better than buying directly from an insurer, a bank, or a random agent.