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What is the best health insurance policy in India?

A health insurance policy covers medical expenses incurred as a result of an accident, illness, or injury. An individual can acquire such insurance for a set period by paying monthly or annual premiums.

Here are some of the best health insurance policies in India

1.Aditya Birla Group Activ Health Insurance policy: The covers all the employees/ members against expenses arising out of medical emergency and hospital treatment.

Advantages of Aditya Birla Group Activ Health:

● Health returns

1. You get rewards for maintaining a healthy lifestyle.

2. You can get back up to 30% of your health insurance premium.

● Activ Health app

1. It is a specialised mobile app that helps track your health and activity.

2.24x7 access to electronic health records.

3. Feature to search for a doctor nearby.

4. Feature to browse the company’s healthcare network.

● Hospital room

1. During your hospital stay, you can choose between a shared and a private room.

● Tax benefits

1. The tax advantage of this plan is that the premium paid for this policy is exempt under Section 80D of the Income Tax Act of 1961.

2.Aditya Birla Super Top-up Plan: If you need additional health coverage for your family, the Aditya Birla Super Top-up Plan is ideal. It includes a cashless claim facility that is available in over 6000 network hospitals. It allows you to customise your current plan, allowing you to choose greater coverage. It provides affordable premium rates, relieving you of the burden of ever-changing medical inflations.

Key features and benefits

Cashless and reimbursement claim

The plan offers cashless claims in 6000+ network hospitals, and the claim is settled instantly. In case of an emergency, you can take the treatment in any hospital and get the medical expenses reimbursed after you are discharged and submit the necessary bills.

High claim settlement ratio

The super top-up plan covers a total of 527 listed day-care procedures for treatments that require less than 24 hours of hospitalisation and are conducted in a hospital or a day-care.

Day-care procedures

The super top-up plan covers a total of 527 listed day-care procedures for treatments that require less than 24 hours of hospitalisation and are conducted in a hospital or a day-care.

Domiciliary hospitalisation covered

In case of hospital bed unavailability, the plan covers expenses incurred for home care treatment. Insured patients who cannot travel to the hospital will also be covered under this policy.

Pre-hospitalisation expenses

This policy covers medical costs incurred due to any illness or injury that occurred up to 30 days before hospitalisation.

Post-hospitalisation expenses

The plan covers medical costs incurred due to any illness or injury for up to 60 days after hospitalisation.

Organ donor expenses

Medical expenses of an organ donor for organ procurement will be covered under the policy.

3. Bajaj Allianz Health Insurance: With a Bajaj Allianz Mediclaim policy, you can secure your health as well as the health of your family. Get up to Rs.10 lakh in coverage for all your medical needs.

The plan includes:

Coverage for your family

This policy covers you, your spouse, and children under the age of 21 years.

Cover of up to Rs. 10 lakh

Get a sum insured of up to Rs. 10 lakh for covering all your medical expenses.

Hospitalisation coverage

Pre- and post-hospitalisation coverage for 60 days prior and 90 days post hospitalisation.

All medical needs covered

Get up to 25% of the sum insured for hospitalisation for Ayurveda and Homoeopathy treatments.

Unlimited day-care treatments

Use this policy to pay for multiple day-care treatments which do not require 24 hours hospitalisation.

Organ donation

The policy even covers the expenses of harvesting the organ from the donor for organ transplantation.

Pre-existing diseases

The policy covers the pre-existing diseases after a waiting period of 3 years.

Tax benefits

Get tax benefits for the premium paid of this policy under Section 80D of the Income Tax Act.

4.Niva Bupa Health Plus Plan: This plan secures you from medical expenses arising out of health emergencies, personal accidents and critical illness. Overall, this Niva Bupa Health Plus Plan is cost-effective and reliable, coupled with all the smart features you may want to secure yourself against unforeseen medical contingencies like:

● In-patient hospitalisation expenses

● Hospital accommodation charges

● Hospital ICU charges

● Day-care treatments

● Domiciliary cover

● Organ donor expenses

● Emergency road accidents.

5.Health Insurance Medi-prime: The General Insurance Co. Ltd. is a joint venture between the Tata Group and the American International Group. Individuals and organisations can choose from various health insurance plans such as Medicare Plan, Accident Shield Plan, and Mediprime Health Plan.

Its benefits include:

● Tax benefit under Section 80D

● Lifelong renewal provided all premiums are plain regularly

● M Migrate or transfer can be done to any other insurer with other plans

● Cashless hospitalisation in 3000+ network hospitals

●Zero sub-limits on expenses covering in-patient treatment, day-care expenses, domiciliary treatments, and organ donor expenses

● Sum insured enhancement

●A grace period of 30 days is available to policyholders, but coverage will not be given for the time for which no premium has been received

Various medical insurance companies in India offer various types of low-cost insurance plans. Choosing a suitable insurance plan is one of the most important decisions a person makes because the coverage money received during a medical emergency plays a significant role in saving the individual's life. As a result, when making a choice, a person should make an informed decision.

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