Top 4 health insurance plans available in India
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Top 4 health insurance plans available in India

  • Highlights

  • Defend yourself against unplanned medical costs with health insurance

  • Reduce out-of-pocket expenses with health insurance

  • Top non-life companies in India, that offer health insurance plans

  • Choose a policy that best suits your needs and risks

Health issues can happen without a warning. In fact, according to the GOQii India Fit 2017 report, 33% of the population above the age of 30 is suffering from one or more lifestyle diseases like heart disease, diabetes, cancer, etc.

Treatment for these conditions is often expensive. As per the 2017 Global Medical Trends Survey Report, medical inflation reached 12.5% in 2016. Since health issues are unpredictable and expensive to treat, one must plan a financial safety net. This is where health insurance helps.

In India, several non-life companies offer health insurance plans and policies. These are financial products thatextend support to meet healthcare expenses, so that your out-of-pocket payments can be reduced.

1. Raheja QBE

Raheja QBE offers health insurance plans like Cancer Insurance and Health QuBE.

For Raheja QBE Cancer insurance, the Sum Insured (SI) ranges from Rs.1 lakh to Rs.10 lakh. 50% of the Sum Insured or Rs. 2,50,000 whichever is lower, is paid once the claim is accepted. The remaining amount is paid every quarter for the actual expenses incurred until the sum assured is exhausted.

Raheja QBE’s Health QuBE has four variants and a SI ranging from Rs.1 lakh to Rs.50 lakh. The entry age is 90 days to 17 years for children, and 18 years to 65 years for adults. The policy provides life-long renewals. They also have a family floater policy for a maximum of 2 adults and 2 children.

Additional Read: Save Your Wealth With a Health Insurance Plan

2. Aditya Birla

Aditya Birla has several health insurance plans. Their ‘Activ Health’ plans are:
-ActivHealth Essential - SI up to Rs.10 lakh
-Activ Health Enhanced - SI up to Rs.2 crores

These offer choice of hospital room category, and day 1 cover for chronic diseases.
- ‘Activ Secure’ covers personal accident, critical illness, cancer, and hospital cash.
- ‘Activ Assure’ provides - AYUSH cover, SI up to Rs.2 crores, earnings of Health Returns and lots more. They have group insurance products as well.

3. IFFCO Tokio

IFFCO Tokio offers health plans for individuals, family, personal accident, and critical illness. Some of the unique features include:
-Hospitalization expenses to the organ donor of the insured person
-Pre-hospitalization
-Coverage for Ayurveda, Homeopathy, Unani, Sidha related hospitalization expenses

4. Bajaj Allianz

Bajaj Allianz offers health insurance for individuals, family, women, and senior citizens. They have global personal accident insurance, and critical illness.
Unique features of some of their plans are:
-Ayurvedic and Homeopathic hospitalization cover
-Free preventive health checkup every 3 years
-Bariatric surgery cover
-Zone-wise premium

While companies offer various types of health insurance plans, it is very important to list your specific requirements before choosing a health insurance policy. Considerations like claim settlement, client-friendly policies, service network, band value, and longevity are some of the factors that help you differentiate among policies.

Based on your needs, and the coverage required, you can choose a health insurance plan which is the best for you. Alternatively, you can consult Bajaj Finserv for more details.

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