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Generally, combination plans entail two different insurance companies joining hands to create a single insurance product with dual benefits. However, a single insurer can also offer a combi plan that offers the benefits of both health insurance and a life cover. Here are some tips that can help you choose the best health plus life insurance plan for you.

1. No Claim Bonus
   A no claim bonus is a certain percentage of money that is added to your insured sum when you do not make any claim for that very year. So, you need to check the NCB guidelines and determine the benefits that your mediclaim insurance would provide for every claim-free year.
    
2. Customised to Specific Needs
   The flexibility of the term period, as well as the sum assured for those term periods, plays a crucial role in determining the plan to opt for. There are also riders available linked to permanent disability, critical illness, premiums etc. with every plan that can be added to your policy coverage based on your requirements.
    
3. Eligibility Details
   Eligibility requirements are primarily dependent on the entry age as well as maturity age. There can be different age limit requirements separately for health and life plans. So, you need to be sure that you are within the age bracket that fits into both the plans.
    
4. Inclusions & Exclusions
   When you are looking for individual insurance products, the inclusions and exclusion impact a lot of prospective buyers. So when the family health insurance is combined with life cover, the exclusions and inclusions become an even more important portion to look out for. Here, both the death benefit as well as the hospitalisation cost would be impacted by these exclusions and inclusions.
    
5. Automatic Renewable Options
   Purchasing a life plus medical insurance does guarantee dual protection for the rest of your life. But this assurance comes with a caveat, which is the timely renewal of the plan. Therefore, you must prefer those insurance products that provide automatic renewal for a lifetime. This can make your life easier as you do not have to keep a tab of the renewal date.
    
6. The Credibility of the Insurance Provider
   Since you plan to invest in a health plus life insurance plan, the criticality of trust is way higher. A good look at the claim settlement ratio of the provider can give you a fair idea of its trustworthiness. In addition, the scale of the company is a vital factor that can instil some trust in you as a buyer.
    
7. Ease of Claim Settlement Process
   Claim settlement is the process through which you are paid the sum assured in the event of a loss or the risk against which you were covered. This process is meant to be swift and easy, but that is not always the case. So, before getting covered under a policy, you need to find out how simple and uncomplicated your claim settlement process is.
    
8. Ease of Purchase and Renewal Process
   Usually, there are two methods, both online and offline, for the purchase and renewal and renewal of your insurance. Therefore, always check with the insurance provider about both the methods and accordingly proceed with the purchase only if you are comfortable with either of their processes. Further, the same can be said about the renewable process as well.
    
9. Discounts on Premium Offered on Online Purchase
   As a potential policyholder, you must also be vigilant about any discount that is on offer from the insurance providers. For example, PNB MetLife provides a 7.5% discount on the premium for both the life and health components on its Mera Mediclaim Combi Plan. 

All these aforementioned tips can guide you to get a better insurance product. PNB MetLife offers a comprehensive health plus life combi plan, Mera Mediclaim plan, which comes through on all these parameters. So, why wait for tomorrow when you have a chance to get a quote today. You can get in touch with customer service for more information.
Know more about health insurance, term plan, term insurance and life insurance at PNB MetLife.

Disclaimer: 
The aforesaid article presents the view of an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability or medical complications incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ health advisor before making any decision.

Mera Mediclaim Plan is an Non-Linked, Non Participating, Combi Insurance Plan (UIN: 117Y102V01). It is advised to familiarize yourselves with the policy benefits and policy service structure of the ‘Mera Mediclaim Plan’ before deciding to purchase the policy. Please read the sales brochure carefully before concluding any sale. This product is jointly offered by 'PNB MetLife India Insurance Company Limited' and 'Religare Health Insurance Company Limited'. PNB MetLife is lead insurer for this product. The risks of this ‘Mera Mediclaim Plan’ are distinct and are assumed / accepted by respective insurance companies as per their underwriting guidelines. The liability to settle the claim vests with respective insurers, i.e., for health insurance benefits 'Religare Health Insurance Company Limited' and for life insurance benefits 'PNB MetLife India Insurance Company Limited'. The policyholders of the ‘Mera Mediclaim Plan' are eligible to continue with either part of the policy, discontinuing the other during the policy term. Goods and Service Tax (GST) shall be levied as per the prevailing tax laws which are subject to change from time. Tax benefits are as per the Income Tax Act, 1961, & are subject to amendments made thereto from time to time. Please consult your tax consultant for more details. Cash payment is not eligible for tax benefit under Sec 80D of Income Tax Act, 1961.
Religare Health Insurance Company Limited Regd. Office -  5th Floor, 19, Chawla House, Nehru Place, New Delhi-110019 | IRDAI Regd. No.: 148 CIN - U66000DL2007PLC161503. Correspondence Address -  Vipul Tech Square, Tower C, 3rd Floor, Sector – 43, Golf Course Road, Gurgaon – 122009 Call:1800-102-4488|1860-500-4488

PNB MetLife India Insurance Company Limited - Regd. Office : Unit Nos. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, # 26/27, M.G. Road, Bengaluru – 560 001. IRDAI Regd. No.: 117 CIN.: U66010KA2001PLC028883 Phone: 080–6600 6969, Fax: 080 – 25585815, Email: indiaservice@pnbmetlife.co.in Write to us at: Office Unit No. 101, 1st Floor, Techniplex-1, Techniplex Complex, off Veer Savarkar Flyover, S V Road Goregaon (West), Mumbai – 400 062, Phone: 022 4179 0000, Fax: 022 - 41790203
The marks “PNB” and “MetLife” are the registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
Religare is a registered trademark of  RHC Holding Private Limited used under license by Religare Enterprises Limited and its subsidiaries. 

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