Top 5 Health Insurance plans in India
Updated On Apr 22, 2021
Choosing the correct health insurance for yourself and your family is one of the best and most important decisions you make. It’s important to compare your options and find a health insurance plan that best caters to your needs and allows you to live your life without worrying about your family’s health. The following is a list of the best health insurance plans available in India to make your job a little easier.
5 Best Health Insurance Plans Available in India
Following are the top 5 health insurance plans available in the country at the moment:
1. Star Family Health Optima Plan
The Star Health Insurance Family Health Optima plan is a comprehensive yet affordable health insurance plan. It functions on both individual and a family floater basis, allowing you to include in addition to yourself, your spouse and dependent children from the age of 16 days to 25 years.
The Star Alliance has networks in 10,000+ hospitals across the country, allowing you to avail cashless treatment in network hospitals.
Features & Benefits
| Sum Insured | 1 Lakh - 25 Lakh |
| Eligibility | Indian citizens between the age of 18 - 65 |
| Minimum Age for Cover | 16 days (Family Floater) |
| Maximum Age for Cover | Lifelong renewability |
| Pre Hospitalization | Expenses covered upto 60 days before hospitalization |
| Post Hospitalization | Expenses covered upto 90 days after hospitalization |
| Ambulance | Ambulance charges are covered. |
| Pre Existing Illness | Covered after 48 months of continuous insurance |
| Day Care Procedures | All day care procedures covered. |
| Extra sum Insurance | Extra sum insured at no additional cost |
| AYUSH Treatment | Covered upto limits |
| Organ Donor Expenses | Covered. |
| Domiciliary Hospitalization | Covered. |
| Health Checkup | Health checkup benefit for every claim free year. |
| Automatic Sum Restoration | Automatic restoration of sum insured by 100% upon complete exhaustion, available 3 times. |
| Premium Payment | The premium can be paid monthly, quarterly, half yearly and annually. |
Exclusions
- Expenses due to self inflicted injuries or suicide.
- Dental treatments.
- Venereal disease and sexually transmitted diseases.
- Vaccinations other than post-bite treatments.
2. HDFC ERGO Health Optima Restore Plan
The HDFC ERGO Health Optima Restore Plan is a wide coverage health insurance policy which can be opted for an individual or floater basis. The individual can include their spouse, dependent children, dependent parents and in-laws to their policy by availing the floater option, providing coverage for the whole family.
HDFC ERGO has 10,000+ network hospitals, allowing you to avail cashless hospitalization conveniently.
Features & Benefits
| Sum Insured | 5 lakh - 50 Lakh |
| Eligibility | Indian citizens between the age of 5 - 65 |
| Minimum Age for Cover | 91 days (Family Floater) |
| Maximum Age for Cover | Lifelong renewability |
| Pre Hospitalization | Expenses covered upto 60 days before hospitalization |
| Post Hospitalization | Expenses covered upto 180 days after hospitalization |
| Ambulance | Ambulance charges are covered. |
| Pre Existing Illness | Covered after 3 years of continuous insurance |
| Day Care Procedures | All day care procedures covered. |
| Extra sum Insurance | Extra sum insured at no additional cost |
| Organ Donor Expenses | Covered. |
| Domiciliary Hospitalization | Covered. |
| Health Checkup | Health checkup benefit for every year |
| Automatic Sum Restoration | Restoration of sum insured by 100% |
| Premium Payment | The premium can be paid monthly, quarterly, half yearly and annually. |
| Multiplier Benefit | Bonus 50% of the BSI for every claim free year, maximum upto 100%. |
Exclusions
- Hospitalization due to war or due to nuclear, chemical or biological weapons and radiation.
- Non-allopathic treatment
- Cosmetic surgery
- Dental Treatments
- Pregnancy
- Illness due to substance abuse
3. Care Plan by Care Health Insurance
The Care Plan by Care Health Insurance is a comprehensive plan covering a variety of Illnesses and injuries for an individual and their families by using floaters. The individual’s policy can cover their spouse and dependent children.
Care Health has 11,000+ hospitals as a part of their network which would help you avail cashless treatment at the several hospitals in its network.
Features & Benefits
| Sum Insured | 4 lakh - 6 crore |
| Eligibility | Indian citizens from age 5 and above |
| Minimum Age for Cover | 91 days (Family Floater) |
| Maximum Age for Cover | Lifelong renewability |
| Pre Hospitalization | Expenses covered upto 30 days before hospitalization |
| Post Hospitalization | Expenses covered upto 60 days after hospitalization |
| Ambulance | Ambulance charges are covered. |
| Pre Existing Illness | Covered after 4 years of continuous insurance |
| Day Care Procedures | All day care procedures covered. |
| Extra sum Insurance | Extra sum insured only at renewal |
| Organ Donor Expenses | Covered. |
| Domiciliary Hospitalization | Covered. |
| Health Checkup | Health checkup benefit for every year |
| Automatic Sum Restoration | Automatic restoration of sum insured by 100% |
| Premium Payment | The premium can be paid monthly, quarterly, half yearly and annually |
| Alternative Treatment | Covered |
| Maternity Cover | Covered |
Exclusions
- Expenses due to self inflicted injuries or suicide.
- Illness due to substance abuse.
- Cost of spectacle and contact lenses.
- External congenital disease
4.Bajaj Allianz Health Guard Policy
The Bajaj Allianz Health Guard Plan covers several diseases and injuries and provides an invulnerable protection for you and your family. The policy can be used by individuals and the family can be covered by the floater, extending to your spouse and dependent children.
The policy has 3 types you can choose from:
- Silver
- Gold
- Platinum
Features & Benefits
| Sum Insured | 1.5 Lakh - 50 Lakh |
| Eligibility | Indian citizens from age 18 to 65 |
| Minimum Age for Cover | 3 months (Family Floater) |
| Maximum Age for Cover | Lifelong renewability |
| Pre Hospitalization | Expenses covered upto 60 days before hospitalization |
| Post Hospitalization | Expenses covered upto 90 days after hospitalization |
| Ambulance | Ambulance charges are covered. |
| Pre Existing Illness | Covered after 3 months of continuous insurance |
| Day Care Procedures | 130 Day care procedures covered |
| Organ Donor Expenses | Covered. |
| Domiciliary Hospitalization | Not Covered. |
| Health Checkup | Free Health checkup after 3 years. |
| Alternative Treatment | Covered |
| Maternity Cover | Covered |
| Automatic Sum Restoration | Automatic restoration of sum insured by 100% |
| Premium Payment | The premium can be paid monthly, quarterly, half yearly and annually |
Exclusions
- Dental Treatment
- Cosmetic surgery
- Medical expenses due to war or acts of terrorism
- Medical expenses due to substance abuse
- Expenses due to self inflicted injury
5. Bharti AXA Smart Super Health Plan Insurance
The Bharti AXA Smart Super Health Plan is an economical, family friendly health insurance plan. Along with the individual policyholder, 1 spouse and 2 dependent children can be added to the plan. The Plan comes in 3 types:
- Value
- Classic
- Uber
Bharti AXA has 4500+ hospitals included in its network PAN India allowing you and your family to have easy access to cashless hospitalization.
Benefits and Features
| Sum Insured | 5 Lakh - 1 crore |
| Eligibility | Indian citizens from age 18 to 65 |
| Minimum Age for Cover | 3 months (Family Floater) |
| Maximum Age for Cover | Lifelong renewability |
| Pre Hospitalization | Expenses covered upto 60 days before hospitalization |
| Post Hospitalization | Expenses covered upto 90 days after hospitalization |
| Ambulance | Ambulance charges are covered. |
| Pre Existing Illness | Covered after 3 years of continuous insurance |
| Day Care Procedures | All day care procedures covered. |
| Organ Donor Expenses | Covered. |
| Domiciliary Hospitalization | Covered. |
| Health Checkup | Annual health checkups |
| Alternative Treatment | Covered |
| Maternity Cover | Covered |
| Sum Restoration | Automatic restoration of sum insured by 100% |
| Premium Payment | The premium can be paid monthly, quarterly, half yearly and annually |
Exclusions
- Injury while being an active member of a military or a police force.
- Any illness or injury directly or indirectly occuring due to a criminal act
- Injuries or illness resulting from war or war like situations
- Dental treatment
- Medical expenses arising from self inflicted injuries.
Conclusion
A health insurance policy is an important investment and of those available in the country presently, the following are the best ones: Star Family Health Optima Plan, HDFC ERGO Health Optima Restore Plan, Care Plan by Care Health Insurance, Bajaj Allianz Health Guard Policy and Bharti AXA Smart Super Health Plan Insurance
These plans stand apart from the rest due to their vast networks, affordable premiums and wide range of illnesses covered.
Also Read:
Tips to Choose the Right Health Insurance in Times of COVID-19
Health Insurance Facts to Choose the Best Health Insurance Policy in India
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.
