Health insurance is an important aspect of everyone’s life. In India, it is not as popular as it should be yet. A good health insurance plan can protect you from any financial burden in case of a medical emergency or hospitalization that not only has a monetary impact on the patient but also results in huge mental stress. To protect your finances and future against any unexpected medical conditions, you should get yourself a good health insurance policy. This article gives you an insight into some of the most acceptable health coverage policies available in India today. Know more about them:
Different Kinds of Health Coverage:
Selecting the most suitable health insurance in India necessitates familiarity with the various options available in the market.
1) Individual Health Insurance Plan:
Individual health insurance policies pay for the care of just one individual, the policyholder. A person with higher health risks is a good candidate for an individual health insurance plan, and these policies can be renewed indefinitely.
2) Family Floater Health Plans:
If you choose this option, the Health insurance policy will pay for medical care for everyone in your immediate family. However, there is just a single sum insured, yet everyone is covered. Since the policy’s premium covers everyone, it’s more cost-effective than buying separate policies.
3) Health Insurance for Serious Illnesses:
Insurance for critical illnesses like heart disease, paralysis, kidney failure, cancer, and many others is crucial. This option can be taken alone or combined with others. Due to the high cost of treating such conditions, the money insured is paid all at once throughout the duration of the policy.
4) Health Insurance Plans for Senior Citizens:
Healthcare costs for those aged 60–75 are covered by this plan. Most of the best health insurance companies in India offer alternative health insurance programs geared toward seniors over the age of 65.
5) Disease-Specific Coverage in Health Insurance:
When you purchase a policy that only covers one ailment, like cancer, diabetes, or heart disease, you’ll receive comprehensive protection against that illness. Unlike other plans, there is no wait time under this one for the treatment of that particular illness.
1) Navi Health Insurance Plan: This health plan from Navi offers maximum coverage of up to INR 1 crore and is accepted in a network of over 10000 of the country’s finest hospitals. This plan even covers expenses incurred 90 days prior to hospitalization and 180 days after discharge, making it one of the most comprehensive, advantageous, and among the best health insurance plans in India. Claims can be settled hassle-free and without the need for cash payments.
2) ICICI Lombard – Complete Health Insurance Policy: This medical insurance policy includes a variety of supplemental insurance options, or “sub-plans,” from which you can select and tailor coverage to meet your specific needs. The amount that can be insured ranges from INR 2 lakhs to INR 50 lakhs, and their partners includes over 6500 different hospitals. You and your whole family can be protected by purchasing this insurance plan.
3) Aditya Birla Active Assure Diamond Plan: You have the option of selecting a sum insured with this plan ranging from INR 2 lakhs all the way up to INR 2 crores. If you are at least five years old, you are eligible to purchase this policy, which provides coverage at more than 7,100 partner health institutions.
4) Care Youth Health Insurance Plan: This health insurance policy is widely regarded as one of the Best health insurance in India, and it features extensive protection against the cost of medical care bills. It is tailored specifically for individuals aged 18 to 35. The sum insured coverage ranges from INR 3 lakhs all the way up to INR 25 lakhs, and you are able to make use of its advantages in more than 19000 hospitals.
5) Star Health’s Senior Citizens Red Carpet Health Policy:
This particular kind of health insurance policy is designed specifically for senior adults who are between the ages of 60 and 75 years old. This best health insurance policy offers coverage starting at 1 lakh INR and going up to 25 lakhs INR, and it covers patients at over 12000 hospitals that are part of the network. One, two, or three years can be selected as the policy duration when purchasing the insurance.
6) HDFC ERGO Health Optima Restore: You have the choice between purchasing an individual plan or a family floater plan with this insurance, and you may receive reimbursement of up to INR 50 lakhs at more than 10000 health facilities.
7) IFFCO Tokio Personal Accident Insurance Policy: One of the best health insurance is made available to you and your family by one of the most reputable health coverage providers in India. It offers maximum coverage of INR 15 lakhs in the event of an injury and protects you and your loved ones. In the event of an accident, the policy will also pay out a one-time payout in the form of a settlement amount.
8) Max Bupa Health Companion Plan: The Max Bupa Health Companion Plan is an all-inclusive medical insurance plan that protects you and your family for a net covered amount ranging from INR 2 lakhs to INR 1 crore. The plan can be purchased for as little as INR 2,000 and as much as INR 1 million. Additionally, it covers the cost of homeopathic and ayurvedic therapies.
9) Bajaj Allianz Health Guard Policy: This is a family floater plan that offers maximum coverage of up to INR 50 lakhs and provides coverage for an unlimited number of family members. It takes care of the medical costs associated with typical surgeries for older patients and provides coverage at more than 6500 institutions that are part of the network.
Having a Health Insurance plan means you won’t have to use all of your funds to pay for an emergency hospital stay if one is needed while the policy is still active. It’s crucial to make a well-considered decision when selecting a health insurance plan and to make sure that the whole family is covered. Since there are numerous options for medical coverage, it is in your best interest to choose from among the most reputable insurance providers.