5 Best Health Insurance Policies in India for 2023
Health insurance policies have become increasingly important in modern society. With ever-rising medical costs and volatile economic conditions, it is essential that individuals have protection against the potential financial repercussions of illness and injury. There are a wide range of health insurance policies on the market, each one offering unique benefits and coverage.
To help people make an informed choice, here is a list of five of the best health insurance policies available:-
Universal Sompo Complete Health Care Insurance Plan:
This is a popular family health insurance plan offered by Universal Sompo. You can avail coverage under three plan variants of Basic, Essential and Privilege. Other notable features of the plan include the following –
- Dental treatments are covered in case of accidental injuries
- Organ donor expenses are also covered
- Coverage for Ayurveda, Unani, Siddha or Homeopathy treatments is available
- A daily allowance is paid if you accompany a child aged below 12 hours to the hospital
- OPD expenses are also covered under the plan which includes diagnostic tests, dental treatments taken on an outpatient basis, cost of spectacles, lenses, hearing aids, etc.
- A convalescence benefit of Rs.10,000 is paid if you are hospitalised for more than 10 continuous days
- Coverage for maternity related expenses and new born baby is also available
- Five optional coverage benefits are available including critical illness cover, personal accident, hospital cash, sublimit waiver and treatment at tiered hospitals
- Sum insured restoration is available
- Coverage is available if you suffer from HIV or AIDS
- Premiums paid for the plan are allowed as a tax-free deduction under Section 80D
ManipalCigna TTK ProHealth Protect Plan:
ManipalCigna TTK is a leading standalone health insurance provider with a range of health plans. ProHealth Protect Plan is one such plan offering by the company with the following USPs –
- Guaranteed cumulative bonus is allowed for up to 200% of the sum insured. The bonus increases the sum insured every year when no claim is made by the policyholder
- Health Maintenance Benefit is awarded for continued renewals. This benefit can be used for covering OPD expenses
- The premiums are very affordable while coverage is available for up to Rs.50 lakhs
- Domiciliary treatments are covered up to the sum insured
- Worldwide emergency cover is available under the plan which provides coverage even outside India in an emergency
- A free expert opinion can be availed if you suffer from a critical illness
- Seven optional coverage benefits are allowed like hospital daily cash benefit, deductible, waiver of deductible, voluntary copayment, waiver of mandatory co-payment and cumulative bonus booster
- Critical illness add-on cover can also be taken under the plan
- Premiums up to Rs.25,000 paid towards the plan can be availed as a deduction under Section 80D
Religare Care Plan:
A very popular plan from Religare, Care comes in multiple variants like Elite, Elite Plus, Global and Global Plus with different coverage levels and has the following salient features –
- Free annual health check-ups
- Sum insured up to Rs.6 crores
- No maximum age to buy the plan
- Sum insured restoration in all plans variant
- Free second opinion in a critical illness
- Alternative treatments like Ayurveda, Homeopathy, etc. are also covered
- A host of optional coverage benefits like no claim bonus super, everyday care, unlimited automatic recharge, air ambulance cover, personal accident cover, international second opinion and global coverage to name a few.
- Tax rebate is available on the premium paid for the policy under Section 80D
National Mediclaim Policy:
National Insurance is one of the public sector general insurance companies with a large customer base. It’s medi-claim Policy is popular among many because of the following salient features –
- Alternative treatments are covered under the plan
- 5% increase in the sum insured is allowed for every claim-free year up to a maximum of 50%
- Discount @10% is allowed if the policy is purchased for the whole family
- Premiums up to Rs.25,000 can be claimed as a tax-free deduction under Section 80D
Star Health Family Health Optima Insurance Plan:
The plan provides comprehensive coverage benefits and some unique features like the following –
- The sum insured can be restored thrice in a policy year
- Assisted reproductive treatments are covered
- New born baby is covered from the 16th day itself
- Free annual health check-ups are allowed
- All day care treatments are covered
- Auto recharge of sum insured is allowed free of cost
- The premium paid for the plan would qualify for a tax deduction under Section 80D up to Rs.25,000
Conclusion:
These five health insurance policies offer varying levels of coverage and provide individuals with the opportunity to have financial protection and medical care. It is worth taking the time to research each option and compare the benefits and costs to determine which one is right for you.
