Seven Best Health Insurance Plans in India

As the medical cost is soaring high, individual health insurance has become a need for every person. At the time of medical emergencies, it helps in providing financial independence to cover the medical expenses. There are multiple family health insurance policies available as well with different features and benefits which one can select as per their requirement. Health insurance policy is like a contract in which the policyholder pays a premium yearly to the insurance company and gets the benefits in the form of reimbursement or cashless treatment in the company’s network of hospitals.

Other than providing the medical cover to the individual and the family members, health insurance gives the tax benefits to the insured. Under the Income Tax Act, 1961, the insured gets the deduction in the premium paid.

There are multiple companies in the market offering a range of products and one can choose the policy depending upon the needs and benefits provided by the insurer. The below list talks about the seven best health insurance in India:

1. Religare Health Insurance: The claim settlement ratio of the company is 93% and the incurred claim ratio is 51.9%. It has a network of 5,420 hospitals throughout the country and provides health insurance, personal accident cover, insurance for international travel, maternity benefits and personal accident cover.

1. TATA Aig Health Insurance: The company has a network of 4,000 + hospitals to select from. The company has been in existence for the last 20 years and has a rating of AAA for the highest claim paying ability. The insurance plan is offered for 1, 2 or 3 years and gives a discount on the premium for a long-term premium payment. The policy also covers the medical expenses incurred outside India. However, the initial diagnosis should have been done in India.

1. MaxBupa Heartbeat Family Floater Health Insurance Plan: It is a comprehensive health cover, suitable for the needs of a family. The policy has three variants and provides plenty of benefits like inpatient care, pre and post hospitalization expenses, and day-care procedures. Maternity benefit is provided for two kids, and the cover also includes the expenses of a newborn baby.

1. Bajaj Allianz Health Guard Family Floater Plan: It is comprehensive health insurance and has a specific benefit of covering common surgeries in old aged people such as joint replacement, cataract after the waiting period of four years. The plan covers the pre and post hospitalization expenses as well.

1. Apollo Munich Easy Health Insurance individual plan: It is an individual health insurance plan which covers inpatient, pre and post hospitalization expenses and the AYUSH treatments as well. You can also purchase a critical illness rider with the policy that will cover for the critical illnesses as well.

1. ManipalCigna Prohealth Plus Plan: The plan covers pre and post hospitalization expenses and 171 day-care procedures of the insured. The waiting period of the policy is three years to get the treatment of pre-existing diseases covered. The insured can also get reimbursement up to sum assured for the expenses done abroad.

1. HDFC Ergo Health Suraksha: The insured can get the cashless benefits from the network of 6,000+ hospitals. The plan covers pre and post hospitalization expenses and 144 day-care procedures. Restoration benefits are also provided in the policy.

Every individual must buy health insurance to safeguard themselves and their family from the uncertain health issues. You can choose from the above listed best health insurance plans.

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