How to Choose the Right Insurance on Policybazaar – Step-by-Step Guide (2025)
Are you planning to purchase an insurance policy? But do you know that selecting the right one can become a bit of a daunting task? Insurance plays a pivotal role in planning your finances as well as your future life. Then the question arises is how to choose the right policy and purchase it? With a proper, step-by-step guide from Policybazaar, you can seamlessly navigate the process and select a plan that meets your needs. This guide simplifies everything into easy-to-understand sections, empowering you as you make your decisions in 2025. You will also get to understand how to choose the right insurance on Policybazaar.
Before we proceed, let us first understand what Policybazaar is and what it offers.
What is Policybazaar and what does it offer?
Policybazaar is basically an online web portal offering an insurance purchase option. This website acts as a one-stop destination for different genres of insurance policies. From here, you can check several insurances, compare, select the right one, and purchase. This portal was launched in the year 2008. After its initiation, the portal has become the go-to digital insurance aggregator and broker in India. The platform caters to a convenient space for checking, comparing, choosing, as well as purchasing various types of insurance as per your requirement. It may be life, health, motor, travel insurance or more all you can avail under one roof. For this, thanks to partnerships with over forty insurers. Here you can avail the best insurance policy in 2025. Policybazaar offers an insurance premium calculator as well.
Shopping or purchasing insurance has never been easier. But here you can seamlessly get instant quotes, compare options side-by-side, access quotes through their website or app, and complete your purchases online without any hassle.
Step-by-step guide to buy insurance on Policybazaar
Step-1 Identify your insurance needs clearly
Looking for an insurance buying guide? Let’s take a look at the step-by-step guide to buy insurance on Policybazaar Health insurance: Whether you require insurance coverage for yourself, may be for your family, friends, maternity, or even for mental health support, you can browse through Policybazaar.
Life insurance: You can select from right-term plans, investment-linked options like ULIPs, or even insurance policies that match your personal goals or aims.
Motor insurance: Here you need to decide or think between third-party liability or full extensive coverage, and do not forget about side add-ons like zero depreciation.
Travel insurance: This genre of insurance is basically designed for students or travellers. This policy is crafted to offer customized plans that comprise medical coverage, repatriation, and support for visa or job loss.
Step -2: Ready to dive into the Policybazaar Platform? Here’s how to get started:
Firstly, in this step, you need to head over to the section that matches your requirements. whether it’s health insurance, term insurance, or motor insurance—on the Policybazaar website or app.
Next, select the right insurance category that meets your needs.
Then, fill in some essential data like your age, location, the particular type of policy you’re searching for, the sum insured, along with your purpose, just like whether it’s for term coverage or for investment purposes.
This will assist you in getting instant quotes that are customized just for you.
Step-3: Make a comparative analysis
Policybazaar’s agile comparison tool helps you to line up various policies next to each other. This technique helps you with insurance comparison online. With this particular feature, you can make a comparative study. You can check premiums, coverage features, add-ons, insurer reputation, and also take a look at claim support.
Check out some examples:
Health plans: You need to look into total coverage, OPD-related perks, waiting periods, renewal discounts, benefits of restoration, as well as sub-limits.
Term insurance: Do take a look at cover term options, several aspects like critical illness, as well as accidental death. Also, make sure how affordable the premiums are.
Motor policies: Assess add-ons such as zero depreciation, roadside assistance, engine protection, and always verify the insurer’s credibility.
Step-4 Verify insurer reliability and claim settlement track record
When it comes to filing an insurance claim, what matters most is having a trustworthy insurer by your side who can actually put your mind at ease.
Claim settlement ratio or CSR: It’s wise to go for insurers to opt for high CSRs. But why? They tend to have a better track record when it comes to claims settlement without a hitch.
Customer reviews and after-sales service: Before you select any policy, do check for the reputation of the insurer as well as their network of hospitals, especially for health insurance are highly crucial. Do opt for policies that cater to extensive network access and fast service.
Transparency & Security: Policybazaar stands out in the lot by rightly offering recorded calls to assist in preventing mis-selling, along with claims support, and also online discounts. This can make your experience feel much safer.
Platform security: Before making any decision, do keep in mind that Policybazaar experienced a data breach in 2022 and a GST-related search in 2025, but they have rightly managed to keep things up and running smoothly under proper regulatory supervision.
Step-5: Do check policy-related documents
Follow this step carefully. Do check the policy wording very carefully. It’s crucial to always take a look at the following –
Inclusions & exclusions: For instance, many mental condition-related health plans might not cover therapy or any outpatient treatments. So, you need to check that.
Waiting periods and sub-limits: This point is particularly crucial for maternity coverage or day-1 pre-existing condition coverage in health insurance.
Top 5 Accidental Insurance Plans in 2025 That Could Save Your Life
Renewal terms, co-payments, and deductibles: While purchasing a policy, it’s crucial to check these factors. It can greatly influence how cost-effective your plan is and what you can expect in terms of claim payouts. Also, check Policybazaar’s benefits and features.
Step-6 Finalize with confidence
If you are done with comparing features and checking various aspects, then it’s time for the final step.
Go ahead and complete your purchase online— This platform makes it seamless with a paperless process, a quick application, as well as instant confirmation.
Do check for online discounts across various categories like health as well as term insurance—you might save up to 15% in some cases.
As you step forward to purchase, make sure to keep all your documents handy, including policy numbers, as well as login details, stored securely. And don’t forget to jot down your claim support contact information.
Disclaimer – This blog is for informational purposes only. Before conducting any investment, it is advisable to carry out comprehensive research.
FAQs About How to choose the right insurance on Policybazaar
How do I choose the right insurance policy on Policybazaar?
Don’t forget to check several details by comparing features, premiums, claim ratios, as well as exclusions with Policybazaar’s user-friendly comparison tools.
Is Policybazaar reliable for buying insurance in 2025?
This platform of Policybazaar is a trusted as well as well-regulated podium that ensures secure and transparent policy purchases.
What factors should I consider before buying insurance on Policybazaar?
DO take time out to carefully check coverage, claim settlement ratios, along with exclusions, premiums, add-ons, and the reputation of insurers.
Can I buy health and term insurance on Policybazaar?
Policybazaar does offer an array of health and term insurance plans for you to compare.
