Best Health Insurance plans in India…

 

Health insurance is a must-have product in today’s time because of the rise in the number of lifestyle diseases and expensive treatments.

When selecting a health insurance plan, everyone looks for coverage that fulfils the healthcare needs of every member of the family. But going through so many health insurance plans, their features, inclusions and exclusions is a time-consuming and confusing task.

 

• Choose the right type of coverage

The right type of coverage for you caters to you and your family’s needs. If you have more members in your family, the best health insurance is a family floater plan, which provides coverage for each member in one single plan at an affordable premium.

 

• Choose the right amount of sum insured

Sum insured is the maximum insurance coverage you will get from your insurer in one policy year. If your medical expenses are higher than the sum insured value, you will have to bear the excess amount. So, choosing an amount that is sufficient to cover all your medical expenses is crucial. Your sum insured value also depends on your annual income and the stage of life.

 

• Check the waiting periods

A waiting period is the time range for which the insured has to wait before raising a claim for a pre-existing disease or a specified illness as listed in the policy.  Always select a policy with a minimal waiting period so that you do not have to wait for long to raise a claim.

 

• Check the claim settlement ratio

The claim settlement ratio reflects the insurer’s ability to settle claims. It is the percentage of the total claim settled out of the total claim received. A high claim settlement ratio means that the company has a good record of settling claims. Hence always check the claim settlement ratio and pick best health insurance company with high claim settlement ratio.

 

• Check the co-payment

Co-payment is the percentage of the claim amount you have to pay from your pocket. Having a co-payment lowers your premium. So depending on your requirements, select a medical insurance policy that has a low co-payment percentage or you can also look for policies with zero co-payment.

 

 

• Compare plans

Always compare multiple health insurance plans on different parameters such as features, benefits, premiums, network hospitals, etc. This helps you find the best health insurance policy for your requirements at the best rates.

 

• Check the network hospitals

Always check the list of network hospitals of the insurance company and look for nearby hospitals in the list. Because during an emergency, it will be the nearest hospital you would prefer to go to and a cashless settlement can ease your financial burden.

 

• Select a plan with lifetime renewability

Lifetime renewability allows you to renew your plan even in the later stages of your life when you need health insurance the most. It saves a lot of money compared to buying a new plan for your senior year. So, select a health insurance plan with lifetime renewability that lets you enjoy continuous coverage for life.

 

Here given some of the best health policy in India offering you to comprehensive coverage with maximum benefits:-

Health Insurance Plan	Sum Insured	Entry Age	Benefits
Care Health Insurance Plan	₹ 5 lakhs – ₹ 6 Cr.	18 years for adults91 days to 24 years for the child	Hospitalization Annual health checkup Pre and post-hospitalization Emergency ambulance
Aditya Birla Activ Fit health insurance	₹ 2 lakhs – ₹ 2 Cr.	18 to 45 yrs for adults91 days to 25 years for the child	Hospitalization Home treatment Modern treatment Chronic cover Health coach for fitness counseling Double sum insured in 2 years with no claim bonus
HDFC ERGO Optima Restore Family health insurance plan	₹ 5 lakhs – ₹ 50 Lakhs	18 to 65 yrs for adults91 days to 25 years for the child	100% restoration of the sum insured after the first claim50% increase in sum insured after a claim-free year Complimentary health checkup Daily hospital cash
Bajaj Allianz Health Guard Plan	₹ 1.5 lakhs – ₹ 1 Cr	18 to 65 yrs for adults3 months to 30 years for the child	Hospitalization Preventive health checkup Pre and post-hospitalization Road ambulance Daily hospital cash Bariatric surgery cover Wellness benefits
Star Comprehensive insurance plan	₹ 1.5 lakhs – ₹ 1 Cr	3 months to 65 years	Hospitalization OPD consultation Pre and post-hospitalization Road ambulance Midterm inclusion of new family member