Best Cashless Health Insurance Policies of 2021
Published On Feb 24, 2021 5:30 AM By Sakshi Aggarwal
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Health insurances as a financial product are available in multiple variants and options in the country. Of late, a popular appendage of health insurances has been a cashless benefit or a cashless insurance policy. True to its name, a cashless insurance policy pays for the medical expenses and treatment costs of a policyholder by directly transferring the money to the hospital or clinic where the policyholder might be admitted. It reduces your task of arranging funds during a medical emergency and paying your bills before you make your payments, it ensures that you do not borrow any money from your savings or long-term investment options.
Under a cashless health insurance policy, your pre and post-hospitalization charges, pharmacy bills, room rent, ambulance charges, and domiciliary treatment costs are all covered. While these are some of the generalized features available under most cashless health insurance policies, in this article we are going to look at the top 5 cashless health insurance policies in India in 2021 to help you gain a better understanding of the different investments and coverage options.
Best Cashless Health Insurance Policies of 2021
The following is a list of the top 5 Cashless Health Insurance Policies in India, offering a detailed account the same -
1. HDFC Ergo Optima Restore Plan
The HDFC Ergo Optima Restore Plan is a cashless health insurance plan. It is available as both individual and family floater options and offers wide and comprehensive coverage. Providing for cashless treatment at its chain of networked hospitals, ambulance charges, and emergency funds, this is one of the best cashless plans found in the market. It comes with additional benefits that include the advantages of pre and post hospitalisation expenses, organ transplants and domiciliary treatment. Allowing the policyholder to seek alternative modes of medical treatment such as Ayurveda along with Allopathic medicine makes it a convenient option for anyone to invest in.
2. ICICI Lombard Health Care Plus Plan
The ICICI Lombard Health Care Plus Plan is a brilliant insurance policy that offers its cashless benefit feature within a short time span of 4 hours. Available in a family floater option, this plan is a good option for you to secure the health and medical requirements of yourself and your family members at the same time. It has an impressive list of networked hospitals, adjustable deductibles, and a flexible sum assured amount. It also comes with an additional individual cover for your different family members and covers within its ambit pre and post hospitalisation charges, diagnostic checkups, room rent, and ambulance charges. If a policyholder is above the age of 56 years, then they will have to undergo medical screening before being eligible for the policy. The tests should preferably be performed at a network hospital or health clinic listed by the policy provider to gain maximum cashless payment benefits.
3. Aegon Religare Health Care Plan
The Aegon Religare Health Care Plan is a cashless health insurance plan. It has one of the largest coverage of network hospitals all over the country and can be availed by any individual who has completed an age of 91 days. Some of the benefits provided by the plan are unlike any other cashless insurance policy in the market, such as an unlimited number of automatic recharges and global medical coverage of 12 critical illnesses. The policyholder and their family members are protected against any unknown or underlying medical condition by annual health checkups and regular medical tests facilitated and completely funded by the insurance provider. Additionally, you can also claim a no-claim bonus of 150% and have access to different riders that specifically target to fulfill any particular financial void.
4. Max Bupa Health Companion Plan
The Max Bupa Health Companion Plan is an equally promising cashless health insurance policy. Rivaling the impressive list of network hospitals under the previous plan, this cashless insurance policy guarantees you medical treatment under 3,500 hospitals all over India. It is an affordable plan that offers a direct cash settlement option including pre and post hospitalization charges, room rent, renewal benefitss and vaccination in light of any animal bite. Offering domiciliary hospitalisation benefits as well, this plan is a good investment option for anyone who wants overall benefit along with an adequate sum assured amount. Furthermore, a policyholder can avail of a handsome discount of 12.5% on the premium payment for the second term in a policy year, by choosing a minimum policy term of 2 years.
5. Bajaj Allianz Health Insurance Plan For Family-Guard
The Bajaj Allianz Health Insurance Plan For Family-Guard is a cashless insurance policy with an impressive sum assured amount. Its benefits and features cover pre and post-hospitalization charges and a cashless facility in over 6,000 hospitals all over India. Ambulance charges upto a limit of INR 20,000 are covered by this insurance policy and some additional benefits include a sum insured reinstatement, coverage of daycare treatments and lifelong renewal benefit. However, the plan is customizable according to the place of residence of a policyholder and the demographics of that area. People residing in urban or metropolitan areas can avail treatment anywhere without deductibles, subject to the payment of a higher premium; whereas people living outside these zones can avail the same treatment but after an initial deductible rate of 20%.
These are the top 5 cashless insurance policies in India for 2021. As the Covid-19 has revealed, having health insurance is of utmost importance in our lives that ensure the complete payment of all medical expenses, that too with minimum physical contact. Having an insurance policy that effectively fulfills all of these criteria and also transfers your treatment cost to the hospital is no doubt convenient and useful too. Hence, you can look forward to buying a health insurance policy that comes with these features. However, this list is only suggestive and there are many more such plans in the market. You should take your personal financial needs and medical history into consideration before hurriedly investing or purchasing anyone.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.