Best Health Insurance Policy: Selecting The Best Health Insurance Policy in India depends on individual needs, Financial goals, and risk appetite. However, here are some of the top Life Insurance Policies in India as of 2024, based on their features, benefits, and reputation.
The most common coverage through a health insurance policy is hospitalization. This type of coverage typically covers all medical expenses incurred during a hospital stay, including any pre-existing conditions.
Best Health Insurance Policy
The life insurance market in the India. is competitive, made up of a mix of long-standing insurers and newer “insurtechs” that sell policies online. To narrow down our list of the best life insurance companies, we looked at customer complaints data, consumer experience and financial strength. We also assessed the types of policies on offer, and the ways you can buy coverage.
These are our expert picks for the best life insurance companies. All of the companies listed below scored 5 out of 5 stars. There are hundreds of insurers competing for your business, often selling very similar products, so it’s smart to compare life insurance quotes from a few before making a decision.
5 Best Health Insurance Policies in 2024
Here is a list of some of the best health insurance plan in India.
| Sr.No. | Best Health Insurance in India |
| 1. | Max Bupa Health Companion Plan |
| 2. | Apollo Munich Optima Restore Health |
| 3. | Cigna TTK ProHealth Plus |
| 4. | Royal Sundaram Health Lifeline Supreme |
| 5. | Aditya Birla Active Assure Diamond Plan |
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Best Health Insurance Plans
Health Insurance is a type of insurance that pays for medical costs incurred as a result of an illness. These charges could include hospitalization bills, pharmaceutical bills, or medical consultation fees.
Nobody expects to get sick or harmed. However, serious illness can strike at any time. As medical costs are skyrocketing day by day, the cost of treating the illness might put a significant strain on any funds that you’ve built up over time. This means you may have to choose between providing your child with the best education possible and defaulting on your mortgage payments.
Purchasing the right health Insurance Plan one of the wisest financial decisions that you can make in your life. However, there are a multitude of plans available in the market. So which one to choose.
Max Bupa Health Companion Plan Features and Benefits of the Plan are
- The plan covers the incurred medical expenses if the insured has been hospitalized for any covered illness.
- The plan even covers pre-hospitalization charges up to 30 days, and post-hospitalization charges up to 60 days for any covered illness.
- It covers the hospital accommodation costs without any upper cap, provided the room is not a suite or above the category of a room.
- This plan also provides in-patient coverage for alternative treatments like homoeopathy, Ayurveda, Siddha, etc.
- It offers a refill benefit, wherein, if the insured has exhausted the base insured amount, then the subsequent claim of an additional sum equal to the base sum insured can be made for many different and unrelated illness
Apollo Munich Optima Restore Health Features and Benefits of the Plan are
- The family version of this plan extends the insurance coverage to the proposer’s spouse, dependent children, dependent parents, and parents-in-law.
- The plan covers the medical expenses incurred if hospitalized for more than 24 hours.
- The plan offers pre-hospitalization cover for up to 60 days and post-hospitalization cover up to 180 days after hospitalization.
- This plan provides an automatic restoration benefit of the base amount insured if the basic sum insured and the multiplier benefit have been exhausted. It is available on an annual basis.
- The plan offers a discount on the renewal of the policy if the insured accomplishes the average step count target in the assigned time as per Apollo’s mobile app. This is a special discount on being active.
- As per the multiplier benefit, for every claim-free year, the plan offers a bonus of 50 per cent to 100 per cent of the amount insured upon policy renewal.
Cigna TTK ProHealth Plus Features and Benefits of the Plan are
- The plan provides the flexibility of the sum insured among four options of Rs. 4.5 lakhs, Rs. 5.5 lakhs, Rs. 7.5 lakhs and Rs. 10 lakhs as per the needs of the insurer.
- The plan offers a pre-hospitalization cover for up to 60 days and a post-hospitalization cover for up to 180 days after hospitalization.
- The plan also offers emergency medical coverage all around the world. In case an insured is travelling abroad, he/she can avail of this benefit up to the sum insured and the insurer will reimburse it later.
- This plan offers reimbursement of Rs. 2,000 for out-patient charges such as pharmacy expenses, doctor’s consultation fees, etc on an annual basis.
Royal Sundaram Health Lifeline Supreme Features and Benefits of the Plan are
- This plan comes with various insured sum amount options of Rs. 5 lakhs, Rs. 10 lakhs, Rs. 15 lakhs, Rs. 20 lakhs and Rs. 50 lakhs.
- The plan provides reimbursement of pre-hospitalization expenses for 60 days and post-hospitalization expenses for 90 days for the medical treatment of a covered illness.
- On renewal of the plan, it offers no claim bonus ranging from 20% to 100% of the sum insured. Even if any claim is lodged, the no claim bonus is retained.
- The plan even offers coverage for alternative treatment processes such as Ayurveda, Unani, Siddha, and homoeopathy up to Rs.30,000.
- The plan covers expenses incurred in getting a second opinion from another doctor on the diagnosis & treatment of 11 specified critical illnesses.
Aditya Birla Active Assure Diamond Plan Features and Benefits of the Plan are
- The plan offers to reload the sum insured, in case the sum insured and no claim bonus/super no claim bonus is exhausted. As per this cover, an insured gets up to 150% additional sum insured (Rs. 50 lakhs at highest) for hospitalization due to an unrelated illness.
- The plan offers a pre-hospitalization cover for 60 days and post-hospitalization expenses for up to 180 days.
- The plan even offers coverage for alternative treatment processes such as Ayurveda, Unani, Siddha, and homoeopathy up to the pre-decided limit.
- The plan covers a second opinion for a major critical illness such as cancer, heart attack, or kidney failure from a doctor of a network-listed hospital.
- It also covers personalized coaching by a health professional who will guide the insured person in case he/she is suffering from hypertension, hyperlipidemia, asthma, diabetes, etc.
Conclusion
Health insurance policies in India provide protection for medical expenses. These include primary health care, hospitalization, maternity, and neonatal care, pediatric services, laboratory services, and other medicines.
You should analyze your needs properly and cover yourself accordingly. Before buying any policy, you should go through the policy properly. Sum assured, types of illnesses covered, network hospitals, the procedure of claim settlement, etc are some of the crucial aspects which are required to be studied properly.
One plan which is best for a person might not be the right one for you. So, choose your best fit plan according to your needs which will serve you the best.