Best Health Insurance Plans in India 2017

How do you buy a health insurance plan? If you happily settle with the plan your agent sells and you think that it is the cheapest you could have got then there’s a bit of unlearning and a lot of learning in the store for you. It’s always better to compare before you buy so that you get maximum coverage in a relatively less premium to pay. To give you a ready comparison of the existing options of health insurance plans in India in 2017, we have compiled a list of top 10 health insurance plans.

Top 10 Health Insurance Plans:

  1. Star Health & Allied Insurance
  • Has a wide network of hospitals of more than 7000 for cashless claim
  • Coverage for maximum 4 people (2 adults and 2 children)
  • 4 years cover for a pre existing disease
  • Medical expenses covered – 30 days before hospitalization and 60 days post hospitalization
  • Medical check up cost provided after completing 4 claimless years
  • Claim ratio is 63.96%
  1. Max Bupa Health Insurance
  • Provides cashless benefit in over 3500 hospitals in India
  • Coverage for maximum 4 people (2 adults and 2 children)
  • Free health check every second year
  • Medical expenses covered – 30 days before hospitalization and 60 days post hospitalization
  • 2 years cover for pre-existing diseases
  • Claim ratio is 55.16%
  1. HDFC ERGO General Insurance
  • Has a network of over 4800 hospitals
  • Coverage for maximum 4 people (2 adults and 2 children)
  • 4 years cover for a pre existing disease
  • Medical expenses covered – 60 days before hospitalization and 90 days post hospitalization
  • Provide health check expenses reimbursement for 4 years without claiming
  • Claim ratio is 56.48%
  1. Bajaj Allianz General Insurance
  • Has a network of over 3700 hospitals
  • Coverage for maximum 6 people (2 adults and 4 children)
  • 4 years cover for a pre existing disease
  • Medical expenses covered – 60 days before hospitalization and 90 days post hospitalization
  • Provide health check up after completing 4 claimless years at insurer’s empanelled diagnostic centre
  • Claim ratio is 73.59%
  1. Bharti Axa General Insurance
  • Has a network of over 5000 hospitals
  • Coverage for maximum 4 people (2 adults and 2 children)
  • 4 years cover for a pre existing disease
  • Medical expenses covered – 30 days before hospitalization and 60 days post hospitalization
  • Provide 1% of sum assured towards the cost of health check after completing a 4 years without claim
  • Claim ratio is 97.48%
  1. Religare Health Insurance
  • Has a network of more than 4500 hospitals for cashless treatment
  • Coverage for maximum 6 people (2 adults and 4 children)
  • 4 years cover for a pre existing disease
  • Medical expenses covered – 30 days before hospitalization and 60 days post hospitalization
  • Annual health check up for insured members
  • Claim ratio is 61.3%
  1. National Insurance Company
  • Has network of more than 6000 hospitals
  • Coverage for maximum 6 people (2 adults and 4 children)
  • 4 years cover for a pre existing disease
  • Medical expenses covered – 30 days before hospitalization and 60 days post hospitalization
  • Medical check up expenses up to 1% of the average sum assured is reimbursed for completing 4 claimless years
  • Claim ratio is 40%
  1. Apollo Munich Health Insurance
  • Has a wide network of more than 4000 hospitals for cashless treatment
  • Coverage for maximum 6 people (2 adults and 4 children)
  • 3 years cover for a pre existing disease
  • Medical expenses covered – 60 days before hospitalization and 90 days post hospitalization
  • Provide check up claim up to 1% per person (individual plan) and up to 1% of total of sum assured (family plan)
  • Claim ratio is 63.03%
  1. Reliance General Insurance
  • Has a network of more than 4000 hospitals for cashless claim settlement
  • Coverage for maximum 4 people (2 adults and 2 children)
  • 3 years cover for a pre existing disease
  • Medical expenses covered – 30 days before hospitalization and 60 days post hospitalization
  • Free health check up after completing 4 claimless years
  • Claim ratio is 107.49
  1. New India Health Assurance
  • Operating in 28 countries, it has a network of more than 2000 hospitals in India alone
  • Coverage for maximum 6 people (2 adults and 4 children)
  • 4 years cover for a pre existing disease
  • Medical expenses covered – 30 days before hospitalization and 60 days post hospitalization
  • Medical check up reimbursement after completing a 3 claimless years
  • Claim ratio is 98.78%

Tips on Selecting the Best Health Insurance Plan

These guidelines will help you in selecting the best health insurance plan for you and your family while considering that you get maximum coverage, spend less on premiums and experience less exclusions. Choose the one which

  1. Provides maximum coverage amount
  2. Has a low waiting period for pre-existing diseases
  3. Covers your family too (i.e. Family floater insurance plans)
  4. Has a maximum age renewal
  5. Offers sub-limits on room rent, per day expenses, etc.
  6. Has a vast network of covered hospitals
  7. Has a high settlement ratio
  8. Provides critical illness and accident coverage

Due to a drastic change in our lifestyles and change in the environment, health issues are becoming coming. Not only that, the treatment costs has also touched new heights thereby making it unaffordable for a middle class person to bear them easily. Before it ruins you financially, one must plan strategically and well in advance to enjoy financial freedom. Choosing the best Health Insurance plan is the first and the most important step towards achieving this.

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