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Best Health Insurance Plans Below Rs. 5 Lakh Sum Insured

Published On Nov 19, 2021

When looking for a suitable health insurance plan for yourself and your loved ones, you must make sure that the plan is both comprehensive and affordable. The plan you choose to invest in must be within your financial budget, for which you must use an online premium calculator, as it helps in determining your future expenses. Health insurance plans must be bought after careful analysis of your medical requirements, financial budget, etc. There are plans in the insurance market that are affordable and yet extensive. You can explore such options and narrow down the options according to your customization. You must not compromise the quality of coverage under your purchased health insurance policy due to the monetary constraints. You can include or exclude the features under a plan after consulting your health insurance provider.

Best Health Insurance Plans Below Rs. 5 Lakh Sum Insured

Best Health Insurance Plans Below Rs. 5 Lakh Sum Insured

Following are some of the health insurance plans that offer comprehensive coverage to the policyholders at a claim amount of Rs. 5 Lakhs:

Must Read: Things You Didn’t Know Health Insurance Covers

  • Care Plus Health Insurance Plan

This health insurance plan by Care health insurance covers all the individuals with no upper age limit. This plan offers a wide range of benefits along with the renewal benefits to the policyholders of age above 40 years. The company ensures cashless claims of the individuals at the network hospitals with a good claim settlement ratio. The policy is available in different policy tenure variants that can be chosen by the policyholders according to their budget and requirements. With lifelong renewability services this plan can be bought for both individuals and families.

  • Niva Bupa Reassure Policy

This health insurance policy is extensive in coverage and has a starting claim amount of Rs. 3 Lakhs. It covers all the basic expenses of the policyholders like hospitalization costs, medication charges, ambulance charges, room rents, and much more. This plan also includes the COVID-19 related expenses of the policyholders at an affordable price.

  • Activ Health Platinum Enhanced Plan

This plan by Aditya Birla health insurance comes packed with features like reload of claim amount, chronic management program, room rents, etc. The starting claim amount of this plan is Rs. 2 Lakhs and therefore, it can be afforded by the people from different groups of the society. Health checkups are offered to the policyholders once in every claim free year. Renewal of the claim amount can also be included under this plan according to the requirements of the policyholders.

  • Young Star Gold Plan

This health insurance policy is available for people between the age group of 18 years to 40 years. This plan by Star health insurance can be bought for both individuals and families. It offers perks like wellness programs, discounts, renewals, lowest waiting periods, no claim bonus, annual checkups, and much more to the policyholders at an affordable price. Automatic restoration of the claim amount is available along with the extended claim amount for personal accident coverage under this plan.

  • Individual Health Guard Policy

This health insurance policy is offered by Bajaj Allianz health insurance firm and it covers you along with your family cost-effectively. This plan can be customized by the policyholders according to the needs and financial budget. Daily cash benefits, lifelong renewability services, room rents, discounts, accumulated benefits, etc. are also offered under this plan to the policyholders. With the starting claim amount ranging between Rs. 1.5 Lakhs to Rs. 2 Lakhs, this is an extensive and affordable health insurance policy.


You can invest in a health insurance of your choice by carefully analyzing its features and benefits with the available options. You must make sure that the plan covers your requirements at an affordable price without compromising your medical needs. You can go through the policy terms to understand the policy better and avoid inconvenience at the time of the claim settlement process.

Also Read: Top 5 Senior Citizen Health Insurance Plans To Buy In 2021

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.

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