Best Health Insurance Plans

Health is the most precious possession one can ever have. With the growing lifestyle diseases and continuous rise in the cost of medical expenses, getting access to good healthcare facilities and treatment can cost you fortunes, and wipe off your hard-earned savings. To protect yourself from such scenarios, it is important to have an effective health insurance plan.

Listed below are the best 20 health insurance plans of 2021 that are specially designed to offer you wider coverage and support you in the time of medical emergencies. Let’s take a look at them:

**Last Updated on 20-01-2021

1. Care Health Plan

   Care Health Insurance is a comprehensive health plan that offers coverage to individuals as well as their families. With wide coverage, the plan offers various benefits that ensure you are well-prepared to tackle any medical emergency.

   Features:

   • The plan offers the optional cover of Unlimited Automatic Recharge, under which the plan will automatically recharge the sum insured if the health cover is exhausted. With this add-on cover, one can avail of this benefit unlimited times.
   • The plan provides coverage for a second opinion from a medical expert in case the policyholder is diagnosed with a critical illness.

2. Max Bupa Health Premia

   Health Premia is a comprehensive family floater health insurance plan that provides coverage to your family’s healthcare needs and ensures that your family gets the best healthcare facilities.

   Features:

   • The plan offers a refill benefit, where the amount equal to the sum insured is reinstated if the base sum insured is exhausted.
   • The plan allows you to track your health and gives you the required assistance through a virtual coach to reach your health goal.

3. Aditya Birla Activ Assure Diamond Plan

   Aditya Birla Activ Assure Diamond is a comprehensive plan that provides a cover for total expenses arising out of hospitalization. The plan covers up to 6 members (2 Adults + 4 Children), consisting of self, spouse, and dependent children in a single policy under a family floater.

   Features:

   • The plan offers health returns (up to 30% of your premiums) as a reward for staying fit and healthy.
   • If your sum insured is exhausted for a subsequent claim, the plan will reload your sum insured amount by another 150% (up to Rs.50 Lakhs).

4. Future Generali Mediclaim Insurance

   Future Generali Mediclaim Insurance is a health insurance plan that comes with wider and long-term coverage. The plan offers three different variants- Vital, Superior, and Premier, and allows the policyholders to choose as per their requirements.

   Features:

   • The plan offers a family discount of 10% if more than one person is covered in the same policy (applicable only on individual sum insured options).
   • The plan provides additional covers against patient care, road ambulance charges, E-Opinion in respect of an illness or injury, among others.

5. Reliance Health Infinity Insurance

   Reliance Health Infinity is a comprehensive plan that comes with a wide range of benefits and covers up to 8 members of your family (2 Adults and up to 6 children​).

   Features:

   • The plan offers additional cover that boosts the sum insured up to Rs.30 Lakhs for enhanced protection.
   • Under the plan feature ‘More Time’, the policyholder will get extended coverage based on the policy period in force.

6. Kotak Health Care

   Kotak Health Care is a comprehensive health insurance plan that ensures you and your loved ones are financially secured at the time of a medical emergency.

   Features:

   • Avail optional covers for enhanced protection based on the type of variant you have opted for.
   • With every claim-free year, one can avail of a cumulative bonus of 10% on your base annual sum insured (up to 50% of base sum insured).

7. Max Bupa Health Companion

   Max Bupa Health Companion is an affordable health insurance plan that secures your family’s healthcare needs. There are 3 variants available under the plan, with their own benefits.

   Features:

   • The plan is liable to pay hospital cash to the policyholder up to Rs.4000/day.
   • In case of an animal bite, the plan covers its vaccination expenses up to Rs.7500.

8. ManipalCigna ProHealth Insurance

   ManipalCigna ProHealth Insurance offers coverage for expenses arising out of hospitalization due to a medical emergency. To enhance the protection, the plan comes loaded with basic, value-added, and optional covers.

   Features:

   • The plan provides a guaranteed cumulative bonus of up to 200% of the sum insured.
   • Policyholders can save tax by paying regular premiums, thanks to the Income Tax Act, 1961.



9. New India Premier Mediclaim Policy

   New India Premier policy is designed to cover hospitalization expenses according to its terms and conditions. A maximum of six members can be covered under this policy.

   Features:

   • The policy is offered under two variants. Choose the one as per your needs.
   • The plan provides a critical care benefit, where the additional benefit of predetermined amounts can be availed by the policyholder if diagnosed with 11 listed critical illnesses.

10. HDFC ERGO My: health Suraksha - Platinum Smart Plan

    My: health Suraksha Platinum Smart is designed to tackle the soaring healthcare costs. With a wide coverage amount and several benefits, the plan is ideal for most individuals & families.

    Features:

    • The plan pays for 586 day care procedures.
    • A recovery benefit of Rs. 25,000 is paid in lump-sum if the hospitalization exceeds 10 continuous days.

11. TATA AIG MediCare

    TATA AIG MediCare is a comprehensive and affordable health plan that looks after your financial needs at the time of medical emergencies.

    Features:

    • The plan offers global coverage to the insured, provided that the diagnosis was made in India.
    • The plan offers a cumulative benefit, where the policyholder gets a 50% increase for every claim-free year.

12. Royal Sundaram Lifeline Supreme

    Lifeline Supreme, offered by the Royal Sundaram, provides comprehensive coverage to you and your family. The plan offers health & wellness benefits to secure your healthcare needs.

    Features:

    • The plan provides a 100% re-load of the sum insured if the total sum insured and NCB (if any) is completely exhausted.
    • Ambulance cover (up to Rs.5000) is available under the plan.

13. Bajaj Allianz Health Guard

    Bajaj Allianz's Health Guard looks after your medical treatment expenses incurred during hospitalization resulting from a serious illness or accident. The plan is available in three variants- silver, gold & platinum.

    Features:

    • The plan offers a convalescence benefit, under which if the insured gets hospitalized for a disease/illness/injury for a continuous period exceeding 10 days, the company will pay the benefits up to the specified limits.
    • The plan takes into account the expenses incurred against pre and post hospitalization for 60 & 90 days respectively.

14. National Parivar Mediclaim Plus

    National Parivar Mediclaim Plus is a family floater health insurance plan, that covers self, spouse, children, and parents/parents-in-law under one sum insured.

    Features:

    • 140+ day care procedures are covered by the plan.
    • The plan reimburses (up to Rs.2 Lakhs) the medical expenses incurred under domiciliary hospitalization.

15. HDFC ERGO Optima Restore

    HDFC ERGO Optima Restore cares for you and your family’s health needs and comes with many benefits. The plan also offers a stay active benefit, where one can earn up to 8% discount on renewal premium for staying fit and healthy.

    Features:

    • There are no sub-limits in this plan, which means you can get the room of your preference without any hassles.
    • The plan restores your sum insured (up to 100%) in case your base sum insured is exhausted.

16. SBI Arogya Premier

    SBI Arogya Premier health plan looks after your healthcare needs with flying colors. With its wider medical coverage, the plan ensures that you don’t face any trouble at the time of a medical emergency.

    Features:

    • The plan grants reimbursement of health check-up (up to Rs.5000) if no claims are made for 4 consecutive years.
    • No pre-policy medical check-up is required up to 55 years, provided the individual has no medical history.

17. Star Health Family Health Optima

    Star Health Family Health Optima is an affordable health plan that covers the entire family under a single sum insured. Along with the in-patient coverage, the plan also offers a free health checkup for every claim-free year.

    Features:

    • The plan offers coverage for a new born baby, that starts from the 16th day after his birth till the expiry date of the policy, provided the mother is insured under the policy for a continuous period of 12 months.
    • The plan reimburses (up to Rs.5,000) the cost of repatriation of mortal remains of the insured person to his residence.

18. Chola Healthline Insurance

    Chola Healthline Insurance is a superb health plan that covers your and your family’s healthcare needs without burdening your pockets.

    Features:

    • The plan is divided into four variants- Privilege, Enrich, Freedom, and Value.
    • Under section 80D of the Income Tax Act, 1961, policyholders can avail of tax benefits.

19. Universal Sompo Complete Healthcare Insurance

    Universal Sompo Complete Healthcare is ideal for someone who is looking for comprehensive health coverage at affordable premiums.

    Features:

    • The plan is divided into three variants- Basic, Essential, and Privilege.
    • The plan offers convalescence benefits of Rs.10,000 per member when hospitalization exceeds 10 days.

20. Bharti AXA Smart Health Insurance

    Bharti AXA Smart Health Insurance offers complete coverage to you and your family in case of medical need. Along with wide coverage, the plan provides additional benefits like hospital cash allowance, home nursing, etc.

    Features:

    • The plan comes out in three variants from which you can choose according to your requirements-
    • Smart Health Basic
    • Smart Health Premium
    • Smart Health Optimum
    • The policyholder has 15 days (from the date of receipt) to go through the terms and conditions of the policy and cancel it if not satisfied.

Which Factors To Consider While Going For A Health Insurance Plan?

The key to buying an ideal health insurance plan is to research well and be aware of the different aspects of health insurance. Below are the few factors that should be considered before buying a health plan:

Right Coverage Amount

Always evaluate your and your family’s health condition before choosing a health plan. If you already have a medical history or are prone to diseases, it’s best to go for higher coverage to avoid any financial problems in the future.

Budget

There is no point in going for higher coverage if you can’t afford to pay the premiums. For example, if you earn Rs.25000/month, paying premiums for health coverage of Rs.75 Lakhs will prove to be suicidal for your savings. So, check your wallet before selecting a health plan.

Comparison

Without giving it a second thought, most people go with the first insurance company, which often leads to tension at the time of medical emergencies. Therefore, it's good to compare as many plans as possible. With PolicyX.com, you can compare health plans from different insurers online and choose the best-suited one as per your requirements.

Claim Settlement Ratio

Claim Settlement Ratio indicates the number of claims settled by the insurer. It is always better to go with a company with a higher claim settlement ratio. Ignoring this factor may lead to additional turmoil at the time of medical need.

Riders

Sometimes, base health insurance is not enough to cover your requirements. That’s why insurance companies offer a list of riders to enhance the coverage. If you need the same, feel free to buy from the respective insurance company.

Network Hospitals

Today, insurance companies have tie-ups with network hospitals that allow the policyholders to avail of cashless hospitalization. Such a feature is useful when you have network hospitals in your nearby area. This way, you won’t have to travel much to get the treatment done without spending much money. Remember this while selecting a health insurance provider.

Waiting Period

Most health insurance plans come with a predetermined waiting period for certain pre-existing diseases. If you are already suffering from any of them at the time of policy purchase, then you are not liable to get coverage. Therefore, thoroughly review the waiting period clause, and choose the one with a lower period.

Lifetime Renewal

Chances of you suffering from diseases increase with your growing age. Therefore, to keep your healthcare needs secured for a long time, it’s good to have a lifetime renewability feature in your pocket.

Co-Payment

In health insurance, co-pay refers to the percentage of the claim amount that is borne by the policyholder, and the rest is paid by the insurer. The higher the co-payments, the lesser is the premium amount, and vice versa. Therefore, before buying a health plan, determine whether you are ok with such a clause or not.

Customer Reviews

People who have already purchased health insurance like to post their feedback regarding the same. Never ignore such posts. They help you to understand the pros and cons of health insurance plans and in the end, assist you to make an informed decision.

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What Are The General Exclusions Under Health Insurance Plans?

Below are some of the conditions, which are generally excluded from health insurance plans-

Buying health insurance can provide you with additional protection in times of medical emergencies. So, what are you waiting for? Choose the one from the above list of plans and secure your healthcare needs, without troubling your savings.

Last updated on 20-01-2021