Best Health Insurance Plans in India 2024: Coverage, Network Hospitals & CSR

The Best health insurance plan is a must-have these days, as medical costs are constantly on the rise. Whether it’s a sudden illness or a planned procedure, a health insurance policy ensures you’re covered for unexpected medical expenses. However, with so many options available, it can be tough to choose the right plan. In this blog, we’ll explore some of the best health insurance plans in India, why they stand out, and how to select the right plan for you and your family.

List Of Best Health Insurance Plans In India 2024

Here’s a list of the best health insurance plans in India, highlighting the highest sum insured, entry age, and the number of network hospitals. This guide will help you choose the best policy to secure your health and finances.

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Top 10 Best Health Insurance Plans In India

To help you select the right plan, here’s a detailed list of the best health insurance policies in India for 2024, along with their key features:

1. Care Health Insurance Plan (Formerly Religare)

The Care Health Insurance Plan offers coverage up to Rs. 1 crore, making it a robust option for families and individuals. With a claim settlement ratio of 87.1%, it includes cashless treatment, lifelong renewability, and coverage for pre-existing conditions after a waiting period. The plan's extensive hospital network and affordable premiums make it a standout choice for those seeking comprehensive coverage.

Features & Benefits:

• Covers individual and family options

• Pre- and post-hospitalisation expenses for 30 and 60 days

• In-patient hospitalisation, ICU, and day-care treatments covered

• Includes home treatment and ambulance cover

• Organ donor and alternate treatments are covered

Exclusions:

• Pre-existing conditions have a waiting period

• Self-harm, drug abuse, and pregnancy costs are not covered

2. Digit Health Insurance Plan

Known for its high coverage limit, the Digit Health Insurance Plan provides coverage up to Rs. 3 crore. It covers hospitalisation, pre- and post-hospitalisation expenses, and annual health check-ups. With a claim settlement ratio of 84.6%, this plan also includes benefits such as cashless treatment at network hospitals and tax savings under Section 80D. The policy is a good fit for individuals seeking broad financial protection in healthcare.

Features & Benefits:

• Covers COVID-19 and psychiatric treatment

• No room rent limits or co-payments

• Maternity benefits and zone upgrades included

Exclusions:

• Maternity and pre/postnatal expenses are excluded

• Cosmetic procedures and pre-existing diseases have a waiting period

3. Aditya Birla Active Assure Diamond Plan

The Aditya Birla Active Assure Diamond Plan offers coverage up to Rs. 1 crore. With a high claim settlement ratio of 93.7%, it provides a variety of benefits, including critical illness riders, accidental death cover, and wellness rewards for maintaining a healthy lifestyle. This plan also features no-claim bonus benefits, making it a popular option for those who prioritise both flexibility and preventive healthcare.

Features & Benefits:

• Reload sum insured up to 150%

• Daily hospital cash and vaccination costs for kids

• Free annual health check-ups and donor expenses are covered

Exclusions:

• Self-inflicted injuries, war-related injuries, and cosmetic surgery not covered

4. Kotak Mahindra Health Premier Plan

Offering sum insured options ranging from Rs. 5 lakhs to Rs. 30 lakhs, the Kotak Mahindra Health Premier Plan covers day-care treatments, annual health check-ups, and maternity benefits. With a claim settlement ratio of 85.4%, this plan is ideal for families looking for comprehensive health benefits, including wellness programs that encourage proactive health management.

Features & Benefits:

• Covers individuals and families, up to 6 members

• Long-term and critical illness coverage available

Exclusions:

• Self-harm, intoxication, cosmetic treatments, and unproven treatments excluded

5. Bajaj Allianz Health Guard Plan

The Bajaj Allianz Health Guard Plan offers coverage up to Rs. 1 crore and boasts a high claim settlement ratio of 93.1%. This plan provides cashless treatment options, maternity coverage, and protection for pre-existing conditions after a waiting period. With its extensive hospital network and comprehensive coverage options, it's a great choice for families and individuals alike.

Features & Benefits:

• Covers hospitalisation, pre/post-hospitalisation, and organ donor costs

• Includes Ayurvedic and homoeopathic treatments

Exclusions:

• Pre-existing conditions have a waiting period

• War injuries and self-inflicted harm are excluded 

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6. HDFC ERGO Optima Restore Plan

The sum insured ranges from Rs. 3 lakhs to Rs. 50 lakhs, the HDFC ERGO Optima Restore Plan comes with unique features like the restore benefit and no-claim bonus. The plan has a high claim settlement ratio of 95%, making it a reliable choice. It also offers cashless claim settlement and is particularly beneficial for those looking for enhanced coverage options after the policy renewal.

Features & Benefits:

• Full coverage with restore and no-claim bonuses

• Lifetime renewability and cashless claim settlement

Exclusions:

• Self-harm, war-related injuries, and dental treatments excluded

7. Liberty HealthPrime Connect Plan

The Liberty HealthPrime Connect Plan offers coverage up to Rs. 1 crore, with benefits including cashless hospitalisation, critical illness coverage, and wellness programs. With a claim settlement ratio of 94%, this plan stands out for its focus on wellness and preventive care. It’s a great option for individuals seeking more than just basic medical coverage.

Features & Benefits:

• Covers preventive care, prescriptions, and financial protection for high costs

• Access to a wide healthcare provider network

Exclusions:

• Dental, cosmetic surgeries and unproven treatments are excluded

8. Cholamandalam Healthline Insurance Plan

The Cholamandalam Healthline Insurance Plan offers coverage up to Rs. 25 lakhs, making it an affordable option with reliable benefits. It includes ambulance cover, pre- and post-hospitalisation expenses, and health check-ups. With a claim settlement ratio of 95%, this plan is particularly attractive for those looking for affordable premiums and a good track record in claims processing.

Features & Benefits:

• Covers hospitalisation, outpatient care, and day-care treatments

• No claim bonus and lifetime renewability are available

Exclusions:

• Pre-existing conditions and specific critical illnesses excluded

9. IFFCO Tokio Individual Health Protector Plan

The IFFCO Tokio Individual Health Protector Plan provides coverage up to Rs. 25 lakhs, catering to individuals seeking personal health coverage. It covers hospitalisation, diagnostic tests, and medication expenses. With a claim settlement ratio of 93.6%, it is well-regarded for offering solid protection at an affordable price, especially for those with moderate healthcare needs.

Features & Benefits:

• Covers wide hospitalisation and pre/post-hospitalisation

• Day-care treatments and no-claim bonus included

Exclusions:

• Cosmetic surgery, pregnancy, and self-harm are excluded

10. Future Generali Health Suraksha Plan

The Future Generali Health Suraksha Plan provides coverage up to Rs. 10 lakhs and includes unique features like coverage for alternative treatments such as Ayurveda. It also covers maternity benefits. With a claim settlement ratio of 80.5%, this plan is a good choice for those interested in alternative medicine along with traditional healthcare coverage.

Features & Benefits:

• Covers hospitalisation, pre/post-hospitalisation, and day-care procedures

• Family floater and tax benefits available

Exclusions:

• Pre-existing conditions have a waiting period

• Organ transplants and joint replacements are excluded for the first 36 months

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How to Choose the Best Health Insurance Policy?

There isn’t a single health insurance plan that fits everyone’s needs. In India, many best health insurance plans offer different benefits. Before selecting one, check what is covered and what is not. You can research online or contact OkBima’s customer care for guidance.

Here are some tips to consider before buying best health insurance Plans:

• Adequate Sum Insured : Choose a plan that provides enough coverage to handle medical emergencies. Medical costs are rising, so ensure the sum insured can meet future expenses.

• Right Coverage Type : Select a plan that suits your needs. Individual plans cover one person, while family floater plans cover the entire family with a shared sum insured, often at a lower premium.

• Pre-existing Disease Waiting Period : Check the waiting period for pre-existing diseases. Some policies offer coverage immediately, while others may require waiting 2-4 years.

• High Claim Settlement Ratio :Pick an insurer with a good claim settlement ratio (85% or more) to increase your chances of a successful claim.

• Smooth Claim Settlement : Understand both cashless and reimbursement claim processes. Choose a policy that offers a fast and easy claim process.

• Compare Premiums : Compare Best Health insurance policy on OkBima, focusing on premium costs, coverage, and claim ratios to find the best value.

• Cashless Hospitalisation : Opt for a policy that offers cashless treatment at network hospitals, simplifying the claim process.

• Check Reviews : Before Buying health insurance plans, Read customer reviews to learn about the pros and cons of different insurers and make an informed decision.

• Review Exclusions : Check what’s not covered, like dental, cosmetic, or alcohol-related treatments, to avoid future claim surprises.

Factors To Consider Before Choosing A Best Health Insurance Plan

Before selecting the best health insurance policy, consider these factors:

• Claim Settlement Ratio: Always check the company’s claim settlement ratio to know how reliable they are.

• Coverage Amount (Sum Insured): Ensure the sum insured is enough to cover potential medical costs based on your lifestyle and family size.

• Network Hospitals: Ensure the insurer has a large network of hospitals in your area for easy cashless treatments.

• Pre-existing Diseases Coverage: Look for plans that cover pre-existing conditions after a waiting period.

• Additional Benefits: Check for add-ons like maternity benefits, wellness programs, and annual health check-ups.

Benefits Of Buying The Best Health Insurance Policy

Here’s why you should consider investing in the best health insurance plan in India:

• Comprehensive Coverage: Get full coverage for hospitalisation, treatments, and medication, ensuring you're prepared for any health emergency.

• Cashless Treatment: Access cashless treatment at network hospitals, eliminating the need to pay upfront during hospitalisation.

• Tax Benefits: Health insurance premiums qualify for tax deductions under Section 80D, up to Rs. 25,000 (for individuals below 60) and Rs. 50,000 (for seniors).

• Coverage for Critical Illnesses: Some plans include or offer add-ons for critical illness cover, providing lump sum payouts on diagnosis.

• Wellness Benefits: Many insurers offer wellness programs, free consultations, and discounts on healthcare services to encourage a healthy lifestyle.

Conclusion

Choosing the best health insurance policy in India can be overwhelming, but it’s a crucial decision for your financial well-being. Ensure that the plan you pick offers sufficient coverage has a good claim settlement record, and fits within your budget. As the best health insurance company OkBima, we’re here to help you compare and choose the perfect plan to suit your healthcare needs.Make sure to assess your requirements, compare plans, and choose wisely to secure your health and your financial future.