Health insurance is a widely spread insurance product that offers many benefits with rider and comprehensive coverage. We all know that the insurance market is a huge competition. With all the options available, it becomes quite difficult to choose the best health insurance in India 2019 according to your needs. To deal with the same, it is always advisable to always compare plans based on facilities, premiums, benefits, etc.
Whether it is about you or your family, investing in a health insurance plan has already become a necessity. There is no doubt in saying that the rising inflation rate in the healthcare industry has made it important to invest in the health insurance policy at the earliest. An effective health insurance plan will assure that you will get timely needy cover in case of any medical emergency whether it relates to you or a member of your family.
NOTE:
With an effective health insurance plan, you can get the treatment you need for yourself and your family on time without worrying about its cost.
What Is Health Insurance in India?
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A health insurance policy is a kind of insurance plan that partially or fully covers personal surgical and medical costs. Subject to the terms & conditions of a health insurance plan, the policyholder either pays or is reimbursed during treatment or the insurance company directly reimburses medical expenses for the insured.
Types Of Health Insurance Plans In Indian Market
Health insurance plans in India can be widely classified into the following types. So, check out the types of health insurance plans below before buying the best health insurance in India 2019:
Critical Illness Health Insurance Plans
These schemes are benefit based policies, where a lump sum benefit is paid on the diagnostic of the critical illnesses covered. These diseases are typical in general, with high severity and low frequency in nature.
Therefore, the treatment cost is higher than the day to day medical / treatment requirement. Some of these diseases include heart attack, cancer, stroke, etc.
Family Floater Health Insurance Plans
The family floater health insurance policy covers the entire family in a health insurance policy. It works accurately under the assumption of the fact that not all family members will suffer from the disease at some point in time.
These schemes cover hospital-related costs that can be incurred before and after hospitalization. Most of the health insurance corporations in India have a broad network of hospitals to offer family insurance which helps the insured in times of emergency.
Hospital Daily Cash Benefit Health Insurance Plans
Hospital Daily Cash Benefit is a defined benefit policy that provides some amount of money for every day of hospitalization.
Hospitalization Health Insurance Plans
Hospitalization plans are health insurance schemes that reimburse the individual for hospitalization and medical costs subject to the sum insured. Therefore, these schemes are also known as loss plans.
Senior Citizen Health Insurance Plans
As the name of the type of health insurance plan suggests, the Senior Citizen Medical Insurance policies are for older people in the family. These schemes cover the health problem arising during the old age. According to the Insurance Regulatory and Development Authority of India (IRDAI) guidelines, every single insurer will have to provide cover until the age of 65 years.
As you progress and you reach the age of 60, your body needs special attention. Therefore, investing in the best health insurance in India 2019 is the only way that takes care of your specific needs. Various insurance providers have created specific plans that are designed for senior citizens and cater to the needs of older people in society.
NOTE:
Some of the best plans are provided by Star Health Insurance, Bajaj Allianz, Apollo Munich, Max Bupa, Religare Health Insurance , and ICICI Lombard Health Insurance.
Maternity Health Insurance Policy
The Maternity medical Insurance Scheme provides coverage for the maternity as well as other additional costs. These plans look after both the pre-natal & post-natal care, as well as the delivery of the baby, in the case of both normal and cesarean delivery.
Just like all the other medical insurance policies, maternity insurance plan providers generally have plenty of hospitals network and also take care of the ambulance costs.
Health Insurance for Parents
As a child, your parents have always invested in raising you well and giving you the best. Therefore, it is now important that their needs are met so that they are in a good state of their health in their later years.
That is why various insurance providers have introduced the best health insurance in India 2019 that cater to the medical needs of their parents. This health insurance for parents plans also covers before and after hospitalization charges, ambulance charges and some of them including pre-existing diseases.
Why We Need Health Insurance In India?
Over the past few years, India has witnessed high medical inflation, up from 11.3% in 2018. While medical science has made many advances, which are not always accessible to people due to the high cost of treatment. Given the high incidence of medical conditions, it is important that you be prepared for any medical emergency.
The best way to do this is to invest in the best health insurance in India 2019. The number of policies available today can make it difficult for you to choose the right one. To help you choose the most suitable option for you, we have listed here some of the best health insurance in India 2019.
Points To Check Before Buying The Best Health Insurance in India 2019:
While there are many factors to consider before you invest in the best health insurance in India 2019, here are some of the best tips to keep in mind.
Cashless Claim Facilities
A cashless claim facility is basically a benefit where the direct settlement of health-related costs is between hospitals and insurance providers. This feature is offered in most health insurance policies when the patient gets treatment in a hospital, listed by the company, in a network of hospitals.
Coverage Level
At first, one should check all the coverage levels of the best health insurance in India 2019. While the usual coverage will remain the same, however, some of the absolute limits vary from policy to policy. Also, always choose a policy that has features, which one may need as well as doesn’t overburden themself with the unnecessary features.
Waiting Period
The waiting period is a limited period where the exclusion of certain diseases applies. It’s always a better idea to check out the waiting period as they have poles apart waiting periods with different plans like beforehand.
Entry Age
The age of entry is especially important if you want to invest in the family floater policy. The extreme age of the dependent parents and children/parent’s parents should be checked, if applicable.
Sub-Limits on Policy
When investing in the best health insurance in India 2019, we often ignore the sub-limits on some benefits and then regret it later. Therefore, it’s important to check out the limits of room rent, ambulance charges, as well as other costs so that they stop spending later.
Check Network of Hospitals List
When choosing the best health insurance in India 2019, which is always like knowing about the listed networks of hospitals connected with your insurance company and provides a cashless claims facility. And thus, this insures your mental relief in times of emergency.
Additional Benefits
When examining the best health insurance in India 2019, it should take into account the riders associated with your policy to increase the scope, coverage and benefits of this comprehensive health insurance plan.
Exclusion
It will be highly disappointing in case your illness or medicinal condition isn’t covered under the best health insurance in India 2019 during the emergency. Therefore, it is always advisable to go through the document very carefully and beware of all your medical conditions that are different from your medical insurance policy.
Renewability
Nowadays ideal medical insurance provides lifetime renewal on most of the health insurance plans. Therefore, renewables are an important factor when choosing the best health insurance in India 2019 for yourself as well as your loved ones.
Check Premium Payable
The premium payable always has to be kept in your mind before you invest in the best health insurance in India 2019. And thus, your amount payable for the health insurance policy should be fair and reasonable as compared to other policies in the medical insurance period.
Best Health Insurance In India 2019
We know the importance of necessary financial support during difficult days of life. Such effective and best health insurance in India 2019 is providing coverage according to the needs of the consumers. You can choose the best option to get the best health insurance in India 2019 with your needs.
In India, there are many insurance companies that deal with health insurance plans that make it important to compare all available plans.
Star Family Health Optima
This Star Family Health Optima provides comprehensive insurance coverage. In the health insurance market, it is one of its smaller products that offer many additional benefits and features.
Buying health insurance for each family member can be a daunting task and also costly. Instead of the individual, this family floater insurance can offer many benefits and comprehensive coverage. It will cover all the family members under a single plan.
Features & Benefits
Features & benefits of the Family Health Optima Plan are given right below. So, let’s now check out the features as well as the benefits of this plan
| Features & Benefits | Details |
|---|---|
| Health Checkup | Routine check-ups will be for each claim-free year. |
| Comprehensive coverage | It provides full coverage to the insured and family. |
| Refurbishment of Sum Assured | It comes with a 100% reinstatement benefit when the Sum Assured expires. |
| Auto-Recharge | This plan comes with the auto-recharge option |
| Organ Transplant Cover | It provides donor expenses. |
| New Born Baby Cover | This plan provides coverage to the newborn baby from day 16. |
| Day Care Procedures | This plan covers all daycare |
| Domicile Hospitalization Cover | The policy provides a Domicile Hospitalization Charge Cover. |
Max Bupa Health Companion Individual
The Health Companion by the Max Bupa Insurance Corporation is basically a complete health insurance plan specifically designed for individuals and small families. Below are some details that will help you understand this plan more. The details of this plan are as follows:
Multiple Variants
It is clear that people cater to different needs and to deal with all of them the plan comes in three types which will be enough to go well with some specific requirements.
Features & Benefits
Features & Benefits of Health Companion by Max Bupa Insurance Corporation
| Features & Benefits | Details |
|---|---|
| In-Patient Hospitalization | If the protected is admitted to the hospital for treatment, it provides coverage against medical expenses. |
| No Limit on Room Rent | This plan will also be to cover the cost of hospital accommodation without any limit. |
| Pre-Hospitalization & Post-Hospitalization Expenses | This is one of the effective features of availing this plan. The plan will be responsible for covering the pre-hospitalization charge for 30 days & post-hospitalization charge for 60 days. |
| Day Care Treatment | While this policy covers all daycare treatment costs, such procedures should not be done in the outpatient division. |
| Refill Subsidy | If an assured has drained his base assured amount, the top-up benefit will act as the life-saver, both metaphorically and literally. This benefit offers an amount equivalent to the total sum assured as an extra amount for following claims against the unrelated and separate disease. |
| No Claim Bonus | Under the No Claim Bonus, the base total Sum Assured is increased from 20% to 100% of the total Sum Insured for each claim-free year. |
Apollo Munich Easy Health
Apollo Munich Easy Health Insurance Plan is the leading health insurance policy. The main features & benefits of this plan are given below
Features & Benefits:
| Features & Benefits | Details |
|---|---|
| Coverage | It is responsible for providing cover to a person aged 91 days to 65 years. You can buy it for yourself as well as family members. This is a cheap policy. |
| Coverage Amount | A person can purchase coverage up to 50 lakhs using this policy. |
| Hospitalization Coverage | It provides 60 and 90 days pre and post-hospitalization coverage. |
| Active Benefits | Under this, you will get up to 8% off as active benefits. |
| Day-Care Expenses | It offers 144 types of day-care expenses. |
| Critical Illness Cover | You will get a critical illness cover under this policy. |
| Large Hospital Network | The Apollo Munich network makes a large list of hospitals. |
| Maternity Cover | You will also be responsible for getting maternity cover under this policy. |
| Domicile Treatment | The plan reduces the expenses of domicile treatment to some extent. |
Religare NCB Super Premium Plan
The Religare NCB Super Premium plan is a special health insurance policy that comes with comprehensive coverage and large insurance options. Features & Benefits – NCB Super Premium Plan Religare
Features & Benefits
| Features & Benefits | Details |
|---|---|
| Pre-Hospitalization & Post-Hospitalization Coverage | This plan offers many additional benefits along with pre-hospitalization & post-hospitalization. |
| Ambulance Cover | This plan provides necessary reimbursement for ambulance expenses for transportation to the nearest hospital of the insured. |
| In-Patient Hospitalization | This plan is responsible for covering in-patient expenses. |
| Daycare Treatment | The policy is liable to cover 540 plus daycare procedures if the policyholder undergoes a daycare treatment that does not require more than 24 hours of hospitalization for a time period. |
Royal Sundaram’s Lifeline Supreme Plan
The Royal Sundaram Insurance Corporation offers Lifeline Supreme’s comprehensive medical insurance coverage, which contains annual medical check-ups, wellness, and health check-ups, a second view in the case of any critical illness and so many more. This plan is accessible for an individual basis and the family floater basis for yourself, your spouse and your dependent children above 18 years.
Features & Benefits:
| Features & Benefits | Details |
|---|---|
| AYUSH Treatments | Royal Sundaram’s Lifeline Supreme Plan offers in-patient cover AYUSH (Ayurveda, Unani, Siddha, & Homeopathy) treatment up to INR 30,000/- |
| Ambulance Costs | This plan provides ambulance cost cover for up to INR 5,000/-. |
| The Benefit of The Second Opinion | Under the plan, you will be able to get the second opinion benefits. |
| Domiciliary Treatment | The policy provides a Domicile Hospitalization Charge Cover. |
| Donor Organ Transplant Expense | It provides donor expenses according to the sum insured for transplantation. |
| No Claim Bonus | This plan offers the No Claim Bonus benefits in case of each claim-free year. |
| Day Care Treatment | While this plan covers all daycare treatment expenses, such procedures should not be done in the outpatient department. |
| Benefits Of Yearly Medical Check-Up | Under this plan, you will get the benefits of a yearly medical check-up. Through these benefits stay fit and protected. |
| Pre-Hospitalization & Post-Hospitalization Cares | This plan offers many additional benefits along with pre-hospitalization & post-hospitalization. |
Aditya Birla Active Assure Diamond
Active Assurance Diamond is an inexpensive but comprehensive insurance policy. This will be accompanied by many benefits and comprehensive coverage. It is designed in such a way that it can offer complete coverage and end-to-end solutions.
Features and Benefits
Below are the basic things that you will get from Aditya Birla Active Assurance Diamond Plan.
| Features & Benefits | Details |
|---|---|
| Sum Assured Recovered Benefits | This plan offers several benefits in the form of Sum Assured and No Claim Bonus. But in some situations, these benefits are not sufficient due to the claim you have filed earlier, so in such a situation the option of the benefit of the sum assured helps a lot. According to this cover, 150 percent additional insurance is available. |
| Daily Cash Benefit | In the case of hospitalization, there will be an additional benefit of about 500 rupees as a daily cash benefit. It is insured up to Rs 4 lakh and will be applicable for 5 days only. |
| Vaccination Benefits | This will be to cover immunization expenses up to 18 years of age as per the cover. |
| Medical Check-Up Program | It provides regular health check-ups for every claim-free year. It will be customized according to the age of the policyholder and the sum assured will be chosen. |
| Donor Organ Transplant Expense | It provides donor expenses according to the sum insured for transplantation. |
HDFC ERGO Health Suraksha Gold Regain
Health Suraksha Gold Regain from HDFC ERGO is the up-to-date plan that provides comprehensive medical insurance coverage. Moreover, this plan offers increased mutual bonus for each claim-free year from the lowest of 10% – 100% of the total amount guaranteed on renewal.
Features and Benefits
| Features & Benefits | Details |
|---|---|
| AYUSH Treatments | Health Suraksha Gold Regain from HDFC ERGO offers treatment cover for AYUSH (Ayurveda, Unani, Siddha, & Homeopathy) treatment according to the total sum insured. |
| Organ Donation Costs | This policy covers suffered medical costs for organ collecting for transplant. |
| Pre-Hospitalization & Post-Hospitalization Fees | This plan offers both pre-hospitalization & post-hospitalization fees. |
| Tax Benefits | This plan comes with the benefit of tax under section 80D of the Income Tax Act. |
| Sum Guaranteed | Refurbishment of the total Sum Assured Zero Sub-limit Subsidy Cover for the Maternity Costs Enhanced Extra Facility Treatment Basis |
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