All of us are familiar with the line “Health is wealth”. However, no one knows how the wheel of fortune turns. Life is thus a continuous roller coaster of surprises. So is our health. There is thus no substitute for caution. We should always have a backup plan. Moreover, in today's age of change and progress, health insurance plays a very important role. A pre-planned well invested health insurance plan can easily cover medical expenses like doctor’s fees, medical tests changes, hospitalization, and post-hospitalization costs. There are several promising Health Insurance Plans in India that everyone should have some knowledge about. Let's begin!
What is Health Insurance?
Health insurance is that type of insurance that is bound to provide coverage for medical bills like medicine charges, surgical expenses, and even for specific dental expenses. Furthermore, the main role of Health Insurance is to provide complete security to the consumer. Also, the government also encourages Health Insurance in India by providing a reduction in income tax.
Top Best Health Insurance Plans in India you should know about
In the year 2021, having Health Insurance is a necessity. Consequently, here is a list of primary Health Insurance Plans in India and their detailed description-
1. Apollo Munich, Insurance Plan- Optima Restore.
2. Royal Sundaram, Insurance Plan- Lifeline-Supreme Family Floater.
3. ICICI Lombard General Insurance, Insurance Plan- Complete Health Insurance (Health Booster).
4. HDFC Ergo General Insurance, Insurance Plan- Health Suraksha Gold-Regain ECB.
5. Max Bupa, Insurance Plan- Health Recharge.
6. Liberty Insurance, Insurance Plan- Health Connect Supra. Star Health,
7. Star Super Surplus Insurance Policy.
I. Apollo Munich
1. The name of the insurance plan Apollo Munich provides is The Optima Restore.
2. Also, under this insurance plan, the premium for 2A+ 2C and the eldest being 45 years is SI Rs. 5 Lakhs (Rs. 19,226).
3. Moreover, the minimum age to cover is 91 days to 65 years and the maximum age is lifelong. Also, the waiting period under this insurance is 3 years.
4. Pre and Post Hospitalization period coverage is thus before 60 days and after 90 days.
5. Also, under the Optima Restore Insurance plan in India, if the insurance holder faces a medical emergency, he or she can claim the insurance.
6. All the expenses thus get covered and the cover amount gets restored as it was. Moreover, the plan offers insurance coverage of up to Rs. 50 Lakhs.
Benefits- No limit on room rent, life-time renewal, 100% restoration of SA on the first claim, and No Co-pay.
II. Royal Sundaram
1. The name of the Royal Sundaram insurance plan is Lifeline-Supreme Family Floater.
2. Moreover, under this insurance plan, the premium for 2A+ 2C and the eldest being 45 years is SI Rs. 5 Lakhs (Rs. 15,301).
3. Also, the minimum age to cover is 18 years and the maximum age is lifelong. The waiting period thus under this insurance is 3 years.
4. Moreover, Pre and Post Hospitalization period coverage is before 60 days and after 90 days.
5. Also, under this insurance plan in India, any person who is more than 18 years of age can be the proposer of the plan.
6. This plan will also cover the insurance holder, spouse, and up to 4 dependent children aged between 91 days and 25 years.
Benefits- Royal Sundaram offers affordable medical plans allocated with a 100% reload of the sum insured at no extra cost. No room rent capping and no disease-specific limits.
III. ICICI Lombard General Insurance
1. The name of the insurance is ICICI Lombard General Insurance (Complete Health Insurance).
2. Moreover, Under this insurance plan, the premium for 2A+ 2C and the eldest being 45 years is SI Rs. 5 Lakhs (Rs. 17,627).
3. Also, the minimum age to cover is 6 years and the maximum age to cover is lifelong.
4. Moreover, the waiting period under this insurance is 2 years.
5. Furthermore, Pre and Post Hospitalization period coverage is before 30 days and after 60 days.
6. Finally, this Health Insurance Plan in India provides the insurance holder with extensive coverage during a medical emergency.
Benefits- No limit on hospital room rent, Free health check-ups every year, No Co-pay clause.
IV. HDFC Ergo General Insurance
1. The name of the insurance plan HDFC Ergo General Insurance provides is Health Suraksha Gold-Regain ECB.
2. Under this insurance plan, the premium for 2A+ 2C and the eldest being 45 years is SI Rs. 5 Lakhs (Rs. 18,998).
3. The minimum age to cover has no limit and the maximum age to cover is lifelong.
4. The waiting period under this insurance is 2 years.
5. Pre and Post Hospitalization period coverage is before 60 days and after 90 days.
6. This Health Insurance Plan in India provides optimum health coverage at a very affordable price. This Health Insurance includes hospitalization in the event of an accident or sickness. The insurance holder gets a renewal bonus for each claim-free year.
Benefits- No sub-limits on hospital room rents, hospitalization expense. Free preventive health check-ups and 586 day-care procedures are included.
V. Max Bupa
1. The name of the insurance plan Max Bupa provides is Health Recharge.
2. Moreover, under this insurance plan, the premium for 2A+ 2C and the eldest being 45, 38 and 13 years respectively is SI Rs. 5 Lakhs (Rs. 3,762).
3. Also, the waiting period under this insurance is 4 years.
4. This Health Insurance Plan in India thus provides a family combination of up to 2 adults and 4 children.
5. Furthermore, this plan has no maximum age of enrollment.
Benefits- Alternative treatment, pharmaceutical diagnostic services, renewal for a lifetime, free annual health check-ups, all room-types coverage are thus included under this insurance plan.
VI. Liberty Insurance
1. The name of the insurance plan Liberty Insurance provides is Health Connect Supra.
2. Moreover, under this insurance plan, the premium for 2A+ 2C and the eldest being 45, 38 and 13 years respectively is SI Rs. 5 Lakhs (Rs. 5,372).
3. Also, the sum insured is Rs. 3-100 Lakhs, deductible sum is Rs. 2-40 Lakhs.
4. Finally, the waiting period under this insurance is 2 years.
Benefits- 405 daycare procedure, 30 days pre-hospitalization and 60 days post hospitalization coverage included.
VII. Star Health
1. The name of the insurance plan Star Health provides is Star Super Surplus (Floater) Insurance Policy.
2. Moreover, under this insurance plan, the premium for 2A+ 2C and the eldest being 45, 38 and 13 years respectively is SI Rs. 5 Lakhs (Rs. 5,730).
3. Also, The sum insured is Rs. 5- 25 Lakhs, deductible sum is Rs. 3-10 Lakhs.
Benefits- Free health check-ups, restoration, dare procedure coverage, and existing disease coverage after 4 years are thus included.
Benefits of Health Insurance Plans in India
Insurance reach in India is still far from its true potential. To quote a WHO statistic, 31% to 47% of the hospital admissions are either met by securing a loan or selling assets. Furthermore, it has numerous benefits for the Indian citizens. Also as well all know, the medical expenses are rising every year. Having a good health insurance plan would enable you to avoid the risk of unprecedented hospitalizations or sudden medical emergencies.
It can also cover important expenses like medical bills, surgery charges as well as dental charges. Moreover, it can be a double treat for you if you avail of health insurance. You will also be relieved of major stress about medical emergencies as well as you can claim a tax rebate under section 80D of the Income-tax Act.
Conclusion
Health Insurance is the best way to prove love to ourselves and our family. Furthermore, Health Insurance is a smart and important investment in the modern world of 2021. It can thus save us from thousands or more than lakhs of unplanned expenses in a time of emergency. Moreover, choose the insurance plan wisely and protect yourself and your family from unfortunate disasters. Happy investing!
