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Decode your
Health Insurance Policy

Most health policies are written in legalese designed to obscure what you actually have. This tool decodes 10+ leading health policies into plain English — the sub-limits, the waiting periods, the fine print — and shows you exactly where yours stands against the alternatives.

The honest question this tool answers: Are you paying more than you need to — for less cover than you think you have? Most people find out only when a claim is denied. This is a 2-minute way to find out today.

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Insurer Performance — IRDAI FY 2023–24

Independent data from the IRDAI Annual Report — the regulator's own numbers.

What these numbers mean Incurred Claims Ratio (ICR): For every ₹100 of premium collected, how much was paid out as claims. 70–90% is healthy; below 60% may indicate restrictive claims practices; above 100% indicates financial stress.
Settled ≤3 months: Of all claims received in the year, what % were paid within 90 days of intimation. Higher is faster.
Rejection rate: Of claims processed, what % were rejected. Lower is better, but context matters — some rejections are valid (fraud, policy violations).

Your core coverage, decoded

The big-ticket terms that determine what you actually get at claim time.

Coverage by category

Specific medical conditions and treatments — what's in, what's out, and what's available as an add-on.

Side-by-side comparison

How your policy stacks against two other top options from different insurers. The most important differences are often in waiting periods, restoration, and claim ratios — not headline sum insured.

So — are you paying more than you need to?

Could you be paying more than you need to — for less cover than you think you have?

Send us your policy schedule and renewal notice. We'll tell you exactly where you stand — and what better options exist at your budget. Free of charge. No sales pressure.

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Important disclaimer — please read This tool is for educational comparison only and is based on publicly available policy wording documents and IRDAI's published annual reports (FY 2023–24). Policy features can change at renewal cycles; insurer claim metrics are reviewed annually. We have made every effort to be accurate but make no warranty — for claim-critical decisions, always read the actual policy wording document and consult a licensed insurance advisor. Lael Smart Finance is an AMFI-registered mutual fund distributor and is tied as an insurance advisor with ICICI Lombard, HDFC ERGO, Niva Bupa and Aditya Birla Health Insurance. We do not make specific buy/sell recommendations through this tool; final purchase decisions should always be made after a personal consultation. This tool does not constitute insurance advice, and Lael Smart Finance is not liable for decisions made solely on the basis of its output.