Best Health Insurance Plans In India 2024

Features:

1. No maximum entry age
2. Lifelong renewability
3. One year waiting period for pre-existing diseases
4. Covers some non-allopathic treatment
5. Increase in sum insured by 5% for every claim-free year

Other Types of Health Insurance Plans in India:

• Critical Illness Health Insurance: Critical illness plans cover life-threatening illnesses. Cancer, heart attack, organ transplant, kidney failure, etc., are a few of the illnesses covered under such policies. A critical illness cover is especially useful if the insured has a history of certain critical illnesses in the family.
• Maternity Health Insurance: Maternity plans are designed to cover women who are expecting a child. It covers the expenses incurred in the pre-natal stage, delivery, and post-natal stage. Both the mother and the newborn are covered under such plans. Maternity plans can also be bought as a rider to an existing basic policy.
• Group Health Insurance: Group/Employee best health insurance plans are usually offered by employers and are designed to include and exclude members as they join and leave the company. Group health policies are generally low in premiums due to the reduced risks involved. Such plans also allow leniency in terms of covering pre-existing illnesses among other things.
• Preventive Healthcare: A preventive healthcare policy covers the expenses incurred during treatments/measures taken to prevent a certain disease, illness, or cancer. Annual check-ups and screening tests are few of the services that are covered under preventive healthcare.
• Personal Accident Insurance: Personal accident plans specifically cover the expenses related to unforeseen accidents. Such policies provide compensation in cases of disablement, death, injury, or impairment caused by road, rail, water, or air accidents.

Find the Best Health Insurance Plans:

We aim at making it easier for you to choose the best health insurance plan for yourself and your family. We have compiled the top health policy in India of 2021 with their respective key features in the table below:

1.) Best Individual & Family Floater Plans:

2.) Best Senior Citizen Plans:

3.) Best Critical Illness Plans:

4.) Best Top-up Plans:

What is covered in the Best Health Insurance Plans in India?

• Pre-Existing Illnesses or Diseases: After the completion of the waiting period, you can file a claim for the expenses incurred on the treatment of any pre-existing illness or condition.
• Pre-Post Hospitalization Expenses: Medical expenses incurred on blood tests, x-ray, and other medical check-ups that are required before hospitalization are taken care of by the insurance company. Similarly, the cost of the medicines and preventive health check-ups that are done to ascertain your health after the discharge from the hospital is covered under the health insurance plan.
• In-patient Hospitalization Illness or diseases: The hospitalization expenses incurred during the treatment of an illness or injury are covered provided the hospitalization is for more than 24 hours.
• Pre-Existing Illnesses or Diseases: After the completion of the waiting period, you can file a claim for the expenses incurred on the treatment of any pre-existing illness or condition.
• Ambulance Charges: Although the coverage amount varies from insurer to insurer, most medical insurance plans cover emergency ambulance charges.
• Maternity Cover: Medical expenses incurred during the pregnancy and delivery are covered along with newborn baby expenses.
• Health Check-ups: regular health check-up facilities are also made available in some health insurance plans in India.
• Day-care Procedures: Day-care treatments where hospitalization is not required for more than 24 hours are covered. It includes eye surgery, dialysis, and other common day-care surgeries as mentioned in your policy document.
• Ayush Treatment Cover: A health insurance plan also reimburses the medical costs incurred on Ayurveda, Unani, Siddha or Homeopathy treatment up to a specified limit.

What is not covered in Best Health Insurance Plans in India?

• Claims arising out of adventure sports injuries are not covered, and the initial 30 days of buying of the health insurance plan are not covered.
• Treatment/diagnostic tests and post-care procedures
• Hospitalization and rehabilitation, common illness, etc
• Dental or eye surgery expenses
• Cosmetic or plastic surgery, replacement of hormones surgery, etc
• Terminal illness, AIDs, and other diseases
• Self-injuries or suicide, war/terrorism/nuclear activity
• Coverage of pre-existing diseases is to a waiting period of 2 to 4 years
• Critical illnesses coverage comes with 90 days waiting period.

How to Buy Best Health Insurance Plan Online from PolicyBachat?

You can get Instant Quotes for the Best Health Insurance plans from the best health insurance company by calculating premiums at Policybachat

• Visit the Policybachat Website and Select the ‘Health’ tab.
• Select your ‘Gender’.
• Select ‘Who do you want to insure’ and their ‘Age’.
• Enter your ‘Pin code’.
• Enter your ‘Name’.
• Enter your ‘Email Address.
• Then click on ‘Start Saving Money.
• Premium Quotes of top health insurance policies in India will be displayed as per data entered by you and which are suits your requirement.
• You can edit policy details, sum insured value, policy term and you can choose your preferred brand
• Purchase best health insurance policy using online payment
• If any queries are raised call: 1800-123-4003.

How to Select the Best Health Insurance Plan in India?

Factors to consider before buying the best health insurance plan in India. There is no best health insurance plan which fits all. Each person has different requirements and the health insurance plan has to be chosen as per the requirements. In that case below factors are to be considered before deciding on the best health insurance plans:-

• Coverage/Premium: Coverage in health insurance is also known as Sum insured under the health insurance plan. The higher the coverage, the higher would be the premium charged by the insurance company. The sum insured or coverage should be ideally decided by the customer keeping in mind different factors such as Age of the customer, family members in the policy, rising inflation costs, cost of treatments, affordability/premium paying capacity. Nowadays insurance companies are providing EMI options to pay their health insurance premiums which provide great relief to customers to select the higher sum insured plans.
• Individual/ Floater: It is important to decide whether the health insurance policy would be taken for an individual or for the family. There are many options in a health insurance policy that cannot be utilized by an individual alone and availing these options would be of no use and the customer would end up paying a high premium for the options he wouldn’t be using. The sum insured can be opted separately for each individual in the health insurance policy or everyone in the policy can use a single sum insured. Most of the health insurance plans include individual and floater sum insured options for the customer to select from.
• Need for health insurance: First of all, the need for health insurance should be identified by the customer before proceeding to the health insurance policy purchase. As there are different types of policies for different requirements, it is important to analyze the need for health insurance before taking one. For instance, there are Covid health insurance plans, Maternity plans, senior citizen plans, Plans for customers with pre-existing diseases such as Heart attack, Hypertension, etc.
• Add-on/ Rider: Add-on or Rider is the extra coverage that is available under the health insurance premium on payment of additional premium. The base coverage can be extended with the help of add-ons on payment of additional premium. There are so many add-ons available with the health insurance company with different health insurance plans. Careful analysis should be made before deciding on an add-on as the riders are charged by the insurance company. The customer should identify the add-on which is necessary as including all the add-ons will only increase the premium with less scope for utilization of all the add-ons.
• No Claim Bonus/ Renewal Bonus: No claim bonus or the renewal bonus is the increase in sum insured at the time of renewal provided by the insurance company for no claims made in the previous policy year. The maximum renewal bonus or No claim bonus provided by the insurance companies would not exceed 100% of the basic sum insured. There are a few plans which provide a 10% to 50% renewal bonus for each claim-free year. The higher the renewal bonus percentage each year, the higher would be the sum insured at the time of renewal.
• Network Hospitals:

  Network or tie-up hospitals are the hospitals with which the insurance companies enter into an agreement to provide cashless treatment to their customers. In cashless medical treatment hospitalization, the customer need not pay medical bills to the hospital. The insurance company tie-up with those hospitals and they take care of the medical expenses charged by the hospital.

• Co-pay: In Copay the fixed amount of money is must pay each and every time when an insured person needs medication. Co-pay is the amount of claim which is to be borne by the insured customer at the time of claim settlement. Most of the health insurance plans have a co-pay clause if there are senior citizens included in the policy. Higher the co-pay amount selected by the customer lower would be the health insurance premium. Co-pay is the way of making customers liable and participating in the claim settlement process.
• Pre-existing waiting period: Any illness or disease which exists prior to the inception of the health insurance policy is known as pre-existing disease. Health insurance policies usually have a waiting period only after which the health insurance claim for the existing diseases would be paid. The pre-existing waiting period would normally range between 2 years to 4 years for different health insurance plans available in the market. Higher the pre-existing waiting period, higher would be the time before the claim is settled for pre-existing conditions.

Which Is the Best Health Insurance Policy in India?

Which medical insurance is best in India? Comparing health insurance quotes online helps you in choosing the best health plan to suit your healthcare needs. Sometimes, it can also get confusing to select a good health insurance plan in India as so many insurers offer different health insurance products with impressive features. It is easier to health plan comparisons in India from different insurers online at Policybachat to make an informed decision.

Compare Best Health Insurance Plans in India 2022:

In India, there is a variety of health insurance plans offered by popular insurance companies. Tabulated below are the best health insurance plans in 2022 that you can buy for maximum coverage benefits:

Best Health Insurance Plans Add-on Covers:

The health insurance add-on covers are optional features and additional coverage that do not include in the standard features of a health insurance plan but have to be included separately by paying a little extra premium.

• Hospital Cash Cover: It is a daily cash allowance that is given by the insurance company to the insured individual during hospitalization. The pay-out under this add-on covers costs of diagnostics and medical expenses which are not covered under the standard policy which ensures your financial stability during the treatment and even after the discharge.
• Critical Illness Add-on Cover: This add-on cover gives coverage in the form of a payout on the diagnosis of a critical or life-threatening illness like cancer, cardiovascular diseases, and so on. It gives coverage in addition to the sum insured which can be extended to up to Rs. 10 lakhs
• Maternity and New-born cover: This add-on cover gives coverage for all expenses pertaining to pregnancy and childbirth. Childbirth comprises hospitalization and surgery costs which can be extremely high based on the hospital where you are admitted.
• Room Rent Waiver: With this health insurance add-on cover, you can either enhance the sub-limit provided for hospital room rent under your health insurance policy or choose no sub-limit on room rents.
• Emergency Ambulance Services:  Emergency ambulance costs up to Rs. 30,000 or even more can be covered with this cover, which enables you to avail the best emergency care at any hospital.

Eligibility Criteria for Health Insurance Policy:

Here are some eligibility criteria for a health insurance policy:

• Minimum Entry Age:  Adult -  18 years to 65 years, child - 16 days to 18 years.
• Pre-Existing Medical Conditions: While buying a health insurance plan after the age of 45, you may have to go through a few medical tests. If a medical test is not asked for, then you might have to submit a pre-existing condition declaration based on which insurers provide the plan.

Documents Required Buying Health Insurance Plan in India 2022:

You can purchase a health insurance plan by submitting the below-given documents:

• Age proof:
  • Pan Card
  • Passport
  • Voter ID Card
  • Aadhaar Card
  • Driving License
  • Birth certificate
  • 10 or 12th Mark sheet
  • Pan Card
• Identity proof:
  • Passport
  • Voter ID Card
  • Aadhaar Card
  • Driving License
• Address Proof:
  • Passport
  • Aadhaar Card
  • Ration card
  • Driving License
  • Rent agreement
  • Utility bills like electricity bills, telephone bills, etc.
• Proposal form duly filled in and signed
• Medical reports (if demanded by the insurer)
• Passport-size photographs (if demanded by the insurer).

You can Buy the Best Health Insurance Policy from our portal PolicyBachat.com where we have top medical insurance policies offered by leading insurers. Compare best health insurance plans for medical insurance in India including features, sum assured, and premiums online. Choose the one which suits your budget.