Best Health Insurance Plans In India 2023

By Okbima 19 Jun 2023
Best Health Insurance in India 2023

 

Finding the Best Health Insurance Plans In India from so many different companies can be a little bit confusing. These are designed to provide comprehensive coverage, including hospitalization, critical illness, outpatient expenses, and more. They offer peace of mind and financial security during times of illness or accidents. 

The best health insurance plan is not just a policy; it's a promise of care and support when you need it most. In this article, we will mention what type of plans are suitable for you, based on benefits, coverage, network hospitals, etc.

 

Why to Buy the Best Health Insurance Policy?

Purchasing the best health insurance policy is a wise decision that offers many benefits and ensures your well-being in various ways. Here's why you should consider investing in a top-notch health insurance plan:

• Family Protection: Health insurance can extend coverage to your family members, ensuring that their medical needs are met. It safeguards the health of your loved ones.

• Access to Quality Healthcare: With the best health insurance, you can access the best healthcare facilities and treatment options, ensuring that you receive high-quality medical care whenever needed.

• Financial security: Health insurance provides safety for medical expenses. It covers hospitalization, doctor’s fees, surgeries, and other healthcare costs relieving you of financial burdens during medical emergencies

• Peace of mind: When you have a health insurance policy, you can focus on your health, have peace of mind and recover without worrying about the financial aspect.

 

Best health insurance plans for you and your family, Starting from Rs 299/month*: Buy Now

 

Best Health Insurance Plans in India 2023

There are so many health insurance plans offered by different insurance companies. Here are the Best Health Insurance Plans in India 2023:

 

Health Insurance Plans

Network Hospitals

Claim Settlement Ratio                     

                                 

Aditya Birla Active Assure Diamond Plan

7100+

 

93.7%

Get a Quote

Bajaj Allianz Health Guard

6500+

 

99.04%

Get a Quote

Bharti AXA Smart Super Health Plan

4500+

 

99.10%

Get a Quote

Care Health Care Plan

7800+

 

87.1%

Get a Quote

IFFCO Tokio Health Protector Plus

5000+

 

89.38%

Get a Quote

Niva Bupa Health Plan

4500+

 

90.1%

 Get a Quote 

SBI Arogya Premier Policy

6000+

 

94.52%

Get a Quote

Star Family Health Optima Plan

9900+

 

81.7%

Get a Quote

Tata AIG MediCare Plan

4000+

 

86.5%

Get a Quote

United India UNI CritiCare Health Care Plan

7000+

 

97.25%

Get a Quote

 

Top 10 Health Insurance Plans in India 2023

Health insurance is a crucial investment in today's uncertain world. It provides financial security and access to quality healthcare when you need it the most. To help you make an informed decision, here is a list of the “Top 10 Health Insurance Plans in India 2023”.

1. Birla Active Assure Diamond Plan

The Aditya Birla Active Assure Diamond Plan is a comprehensive health insurance policy offering wellness programs and multiple benefits. It provides financial security and access to quality healthcare, making it a popular choice for those seeking extensive coverage and additional health benefits. 

Some of the top benefits you’ll get are mentioned below: 

• 150% sum insured restoration benefit

• Health coach for illness consultations

• 24/7 customer service

• Super NCB as an add-on

Buy Now

 

2. Bajaj Allianz Health Guard

Bajaj Allianz Health Guard is a well-regarded health insurance plan known for its maternity coverage and outpatient expense benefits. With a wide range of features, it caters to various health insurance needs. This policy offers financial security and peace of mind during medical emergencies. 

Listed below are a few of the key advantages you will enjoy:

• No pre-medical tests required up to the age of 45 years

• 10% family discount for up to 2 members and 15% for up to 3 members

• Lifelong renewability option

• Free preventive health checkup benefits every three years

Buy Now

 

3. Bharti AXA Smart Super Health Plan

The Bharti AXA Smart Super Health Plan is a versatile health insurance policy offering comprehensive benefits, including coverage for critical illnesses and wellness incentives. It caters to various health insurance needs and ensures financial security and access to quality healthcare. This plan is popular for its extensive coverage options.

Here are some of the prominent benefits you can expect:

• No capping on the rented room.

• No-claim bonus of up to 100% of the sum insured.

• A Free Look Period of 15 days.

Buy Now

 

4. Care Health Care Plan

The Care Health Care Plan, formerly known as Religare Health Insurance, is renowned for its international coverage and no-claim bonus. This policy provides extensive health coverage and offers the 'Care Freedom' plan specifically for senior citizens. It is a trusted choice for individuals and families alike.

Below, you'll find a selection of the top advantages:

• 24/7 claim support

• Hassle-free claim settlement 

• Faster claim approval

Buy Now

 

5. IFFCO Tokio Health Protector Plus

IFFCO Tokio Health Protector Plus offers affordable health insurance plans with a variety of add-on covers and benefits. This policy is designed to provide comprehensive coverage, ensuring financial security and access to quality healthcare. It serves the diverse needs of individuals and families.

You can discover some of the top benefits below:

• Rs. 3000 are allowed per claim for the ambulance charges.

• Room rent and nursing expenses are covered.

• 24/7 customer support.

Buy Now

 

6. Niva Bupa Health Plan

Niva Bupa is a renowned health insurance provider offering comprehensive health insurance policies with efficient claims processing. Their 'Family First' plan is popular and provides peace of mind and financial security during medical emergencies. Niva Bupa ensures quality healthcare and protection for you and your loved ones.

Below, we've highlighted a number of the primary advantages:

• 24/7 customer support

• Maternity coverage

• Direct claim settlement without the involvement of TPA.

Buy Now

 

7. SBI Arogya Premier Policy

SBI Arogya Premier Policy offers a range of health insurance plans, including Arogya Sanjeevani, catering to diverse health insurance needs. With a strong network and trustworthiness, SBI provides financial security and access to quality healthcare. Their policies offer peace of mind during medical emergencies and illnesses.

Presented here are a few of the main benefits you'll receive:

• Mental illness is eligible for coverage up to Rs. 1,00,000.

• Coverage extends to genetic disorders with a limit of up to Rs. 1,00,000.

• Human immunodeficiency virus syndrome is covered up to Rs. 1,00,000.

Buy Now

 

8. Star Family Health Optima Plan

Star Family Health Optima Plan, offered by Star Health, is known for its innovative products. This plan includes features like maternity and newborn care, making it ideal for families. It provides comprehensive health coverage, ensuring financial security and access to quality healthcare for you and your loved ones.

Some of the top benefits you’ll get are mentioned below: 

• Lifetime policy renewals

• Direct claim settlement

• Faster claim settlements

Buy Now

 

9. Tata AIG MediCare Plan

Tata AIG offers a range of health insurance policies, including 'MediCare Protect' and 'MediCare Premier.' Their policies come with unique features, such as international coverage. Tata AIG provides comprehensive health insurance, ensuring financial security and quality healthcare access, making it a trusted choice for policyholders.

The following are a few of the top benefits you’ll get:

• Global cover 

• 24/7 customer support

• PED coverage after 2 years

Buy Now

 

10. United India UNI CritiCare Health Care Plan

United India UNI CritiCare Health Care Plan is renowned for its critical illness coverage and comprehensive health protection. With a longstanding presence in the insurance sector, it offers financial security and access to quality healthcare during critical illnesses. This plan ensures peace of mind and protection for policyholders and their families.

Mentioned here are a couple of the primary benefits:

• 24/7 customer support

• Survival period of 30 days from the date of diagnosis

• Large network of hospitals

Buy Now

 

How to Select the Best Health Insurance Policy in India?

Selecting the best health insurance policy is an important decision that requires careful consideration. With numerous options available in the market, it's essential to choose a policy that caters to your specific needs and offers the best value. Here is a comprehensive guide on how to select the right health insurance policy for you.

Choose the Sum Insured Amount

The insured amount represents the upper limit for claim payouts by the insurance company. It's essential to choose a sum insured that covers your healthcare expenses. Consider factors like your age, family size, and the city you live in when determining the sum insured.

Choose the Right Coverage Type

Health insurance policies come in various coverage types, including individual, family floater, and critical illness plans. A family floater plan can cover your entire family under a single policy, while individual plans provide coverage for one person.

Check the Flexibility to Increase the Total Amount

Over time, your healthcare needs may change. Ensure that your policy allows you to increase the sum insured to accommodate evolving requirements, such as the addition of family members or an increase in healthcare costs.

Check the Pre-existing Disease Waiting Period

Pre-existing diseases are conditions you already have when you buy the policy. Most policies have a waiting period before they cover pre-existing diseases. Check the waiting period and choose a policy that aligns with your health condition.

Check the Maximum Renewal Age

The maximum renewal age is the age until which you can renew the policy. Select a policy with a higher maximum renewal age to ensure continued coverage even in your senior years.

Insurer with High Claim-settlement Ratio

The claim-settlement ratio indicates the insurer's effectiveness in settling claims. Opt for an insurer with a favorable claim-settlement ratio for a more seamless claims experience.

Cashless Hospitalization

Cashless hospitalization allows you to receive treatment at network hospitals without paying the bills upfront. Check if the policy offers cashless hospitalization and if the network hospitals are conveniently located.

Don’t Forget to Compare Premium

While considering all the benefits, also compare the premium cost. Select a policy that offers a good balance between coverage and affordability. Remember that lower premiums may come with limited coverage.

Check the Reviews

Read customer reviews and ask friends or family who have experience with the insurer. Reviews provide insights into the quality of service and the overall experience with the insurer.

Read the Exclusions

Carefully review the policy document to comprehend the exclusions. Exclusions are conditions and treatments not covered by the policy. Being aware of these exclusions helps avoid surprises during claim filing.

Add-on Rider/Critical Illness Rider/Accidental Rider

Consider the possibility of including additional riders in your policy. Riders can enhance your coverage by offering benefits like critical illness coverage or accidental coverage. Consider these riders if they align with your needs.

 

Do You Have Any Query? ‘Ask Our Expert

 

Benefits of Best Health Insurance Plans in India 2023

Investing in the best health insurance plan in India provides several key benefits that are designed to offer financial protection and peace of mind. Here are the primary advantages:

Cashless Treatment

One of the most significant advantages of health insurance is the facility of cashless treatment. With a network of hospitals, policyholders can receive necessary medical care without making upfront payments. 

The insurance company directly settles the bills, ensuring that individuals can access timely healthcare during emergencies without worrying about immediate financial constraints.

Daily Allowance

Many health insurance plans offer a daily hospitalization allowance. This benefit provides financial support to cover additional expenses incurred during a hospital stay. These expenses may include transportation, meals, and other incidentals. Daily allowances help individuals focus on their recovery without being burdened by unexpected costs.

Tax Benefits

Health insurance premiums are eligible for tax deductions as per Section 80D of the Income Tax Act. This provision allows policyholders to reduce their taxable income and enjoy potential tax savings. It's a valuable financial incentive for investing in health insurance, contributing to overall financial well-being.

Covers Life-Threatening Illnesses

The best health insurance plans offer comprehensive coverage for life-threatening illnesses, commonly known as critical illnesses. In the unfortunate event of a diagnosis, the policy provides a lump-sum payment. 

This financial support ensures that policyholders have the necessary funds to access specialized treatments, cover ongoing medical expenses, and address any other costs associated with critical illnesses.

 

Factors to Consider Before Buying Health Insurance in India

When purchasing health insurance in India, there are several critical factors to consider, as they directly impact the effectiveness of the policy and your overall financial well-being:

Claim Process

The ease and efficiency of the claim process should be a top consideration. Ensure the insurance company has a straightforward and hassle-free claims process with minimal documentation requirements.

Insurance Amount

The sum insured, or the maximum coverage amount, is a necessary factor. It should align with your healthcare needs, factoring in considerations like your age, family size, and the city you reside in.

Lifetime Renewal

Look for health insurance policies that offer lifetime renewability. This means you can renew your policy even in your senior years, providing continuous coverage when you may need it the most. Lifetime renewal offers peace of mind and long-term financial security.

Network Hospitals

Verify the insurer's extensive network of hospitals and healthcare providers. A high number of networks assures you that you can access quality healthcare services conveniently. It's essential to have network hospitals in your area or the areas you frequently visit.

 

How To Renew Health Insurance Online?

Renewing health insurance online is a convenient and straightforward process. Here's a step-by-step guide to renewing your health insurance policy online:

• Visit the Insurance Company's Website: Start by visiting the official website of your insurance provider. Look for the 'Renew' or 'Online Renewal' option.

• Provide Policy Details: You'll need to enter your policy number and other relevant details to access your policy. This information is usually found in your existing policy document.

• Pay Premium: Now, pay your premium. Most insurance providers offer multiple online payment options, such as debit/credit cards, net banking, and digital wallets.

• Receive Policy Documents: After successful payment, you will receive the renewed policy documents digitally. You may also have the option to download or print these documents for your records.

 

How to Buy the Best Health Insurance Plans from Okbima?

Purchasing the best health insurance plans from Okbima is a straightforward process. Follow these simple steps:

• Visit the Okbima website and enter your details such as name, age, mobile number, etc.

• Compare and choose the plan that is most suitable for you.

• After that, Complete the payment process and you’ll receive your policy documents on your registered email ID.

 

Conclusion

In conclusion, selecting the best health insurance plan in India is a necessary step in protecting your well-being and financial stability. With a range of options available, it's essential to consider your unique needs, budget, and preferences. The ideal policy offers comprehensive coverage, cashless treatment options, tax benefits, and protection against life-threatening illnesses. 

The best health insurance plans not only provide peace of mind during medical emergencies but also ensure that quality healthcare is accessible without the burden of medical bills. It's an investment in your health and financial security, a commitment to a healthier and worry-free future.

 

FAQs

What are best health insurance plans in India

Top health insurance plans in India vary by individual needs, but popular health providers include HDFC Ergo, ICICI Lombard, and Max Bupa.

 

What are the best health insurance companies in India in 2023?

The best health insurance companies in India are HDFC Ergo, ICICI Lombard, Star Health, Max Bupa, and Apollo Munich.

 

Is it worth to buy health insurance in India?

Basic health insurance offers affordable coverage. Decide coverage based on age, health, family, finances, and hospital preference. Aim for 50% of annual income.

 

What is a health insurance premium?

Health insurance premium: regular payments from policyholders for policy benefits. Payment frequency varies (monthly, quarterly, semi-annually, annually, or single).

 

Which health insurance plans cover pre-existing diseases?

For parental health insurance in India, choose coverage with pre-existing diseases (PED) like diabetes, asthma, or cancer. Most plans cover PEDs with varying waiting periods.

 

Is it good to take health insurance online?

Yes. Online health insurance purchase is simple, convenient, and flexible with diverse options. Offline buying often relies on agents, offering fewer choices.

 

What is the grace period in insurance?

Insurers allow a grace period of 15 days to one month for premium payment after the due date. Missing it leads to policy lapse.

 

Is it possible to change health insurance plans and still avail tax benefits?

Switching to a new health insurance plan while retaining tax benefits is possible. Tax benefits apply when premiums are paid digitally, not in cash.

 

What are pre-existing diseases in health insurance?

Pre-existing condition: ailment pre-existing when getting insurance. Examples: blood pressure, diabetes, waiting period varies per condition and plan.

 

What is the meaning of network and non-network hospitals?

Network hospitals provide cashless treatment, while non-network hospitals require upfront payment and reimbursement. Choose insurance with a broad hospital network for convenience.

 

What are the common exclusions under health insurance policy?

Health insurance exclusions include pre-existing conditions, cosmetic surgery, dental, vision, STDs, mental health, obesity, alternative therapies, self-inflicted injuries, and extreme sports.

 

Can you add a rider to an existing health insurance plan?

Riders enhance basic health insurance with added benefits at extra cost. Options include critical illness, maternity, pre-existing disease, sum-insured restoration, and others.

Leave a Reply