Policy Comparison & Selection Support
Side-by-side policy comparison — coverage, exclusions, sub-limits, claim terms and premium — to choose the right policy.
- Estimate Cost
- ₹2,000 – ₹15,000
- Typical duration
- 3 days
Service overview
Policy comparison and selection support gives you an unbiased side-by-side analysis of insurance plans, so you pick the one that truly fits your needs. WCP professionals go beyond premium to compare features, exclusions, policy wording and insurer service records.
Who needs it? / When is it needed?
- Anyone buying a new health, life, motor, travel, home or business policy.
- When you are confused by many similar-looking plans.
- When you want to switch insurers or verify whether a plan suggested to you is right.
What to expect from the WCP Professionals
- Understanding your needs, budget and priorities.
- Shortlisting suitable plans from multiple insurers.
- Comparing benefits, exclusions, waiting periods, sub-limits and claim settlement ratios.
- Plain-language explanation of policy wording, followed by a clear recommendation.
Key deliverables
- Detailed comparison sheet for shortlisted plans.
- Key exclusions and fine-print highlights.
- Final recommendation with reasons.
Standard turnaround time
- Comparison and recommendation: 2–5 working days.
- Policy issuance after selection: 1–7 days.
Government fees, timelines & key outcomes
- No government fee.
- GST on premiums depends on the policy type.
- Key outcome: an informed decision with no hidden surprises at claim time.
Forms & filings involved
- No statutory filings are required.
- The insurer's proposal form is completed once you select a plan.
Documents required
- Details of the members, assets or vehicles to be insured.
- Existing policy copies, if any.
- Relevant medical or asset information.
What we need from you
- Clear priorities, such as premium versus coverage.
- Accurate information about your existing cover and health.
Important conditions
- Recommendations are based on the information you provide and the insurer data available at the time.
- Premiums and terms are finalised by the insurer at underwriting.
Additional information
- WCP professionals remain available to explain the policy after purchase and at renewal.
- Related services: Risk Assessment & Coverage Analysis, Insurance Renewal & Premium Management.
The estimated cost covers indicative professional fees only. Government fees, stamp duty and taxes are payable at actuals.
How it works
- 1. Raise a service enquiry describing your requirement.
- 2. A Relationship Manager reviews it and opens it for bidding.
- 3. Pay into escrow and assign the professional you select.
- 4. Track progress to completion, then accept and release payment.
Frequently asked questions
What should be compared besides premium?
Coverage, exclusions, waiting periods, sub-limits, co-payments, claim process and the insurer's service record.
Is the cheapest policy the best?
Rarely — a low premium often means more exclusions or limits that matter at claim time.
What is a sub-limit?
A cap on payment for a specific item, such as room rent or a particular treatment, within the overall sum insured.
Can I port my health policy?
Yes, you can port to another insurer at renewal while keeping waiting-period credit.