5 Best Health and Medical Insurance in India for 2018

5 Best Health and Medical Insurance in India for 2018

Roboadviso     Top 5 Mutual Funds     Posted On, Fri 2nd February, 2018     No comments
Rate

best medical health insurance 2018

It is important for everyone to get health insurance as they can be of great financial help during times of a medical emergency. A variety of benefits can be availed by the holders of health insurance policies, including hospitalization charges, ambulance expenses, and room rent, etc. The total coverage sum provided by varied health insurance policies tend to differ as per the different companies offering the policies.

Presented below is a list of the 5 best health insurance policies in India.

  1. ICICI Lombard Complete Health – iHealth

ICICI Lombard Insurance Company is one of the best insurers in the country and all its health insurance plans are popular with consumers.

The ICICI Lombard Complete Health – iHealth health insurance plan can be availed by individuals older than 18 years. The minimum sum insured is INR 1 lakh and the maximum sum insured is INR 10 lakhs. It has a 2 to 4 years waiting period and there is no co-pay. Co-pay refers to the part of the medical bill that needs to be paid by the policy holder, while the rest is covered by the policy. For example, if the hospitalization bill is INR 50,000 and the co-pay is 2 percent, then the policyholder needs to pay INR 1000 while INR 49,000 is covered by the policy. The company allows sub-limits on room rent upon request. A sub-limit refers to the cap imposed by the insurer on treatment expenses so as to decrease the claims made by hospitals. With regards to ‘no claim bonus’ it offers a 10 to 50 percent  rise in sum assured for every year free of claims. The incurred claim ratio is 87.40 percent.

The ICICI Lombard Complete Health plan is one of the better health insurance plans offered by ICICI Lombard Insurance Company. Individuals younger than 46 years old do not have to get a medical checkup in order to avail of this policy. It also comes with the option of renewability for lifetime.

A few special features of the ICICI Lombard Complete Health plan are as follows:

  • Post and pre hospitalization charges are covered by the plan, for 30 days before diagnosis of illness at the hospital and 45 days after treatment at the hospital.
  • The facility of cashless hospitalization is present at over 4,490 network hospitals
  • Besides hospitalization and treatment expenses, day care expenses are also covered by the policy.

 

  1. Apollo Munich Easy Health

The ‘Apollo Munich Easy Health’ health insurance plan can be availed by individuals between the ages of 18 and 65 years. The minimum sum insured is INR 1 lakh and the maximum sum insured is INR 50 lakhs. It has a 3 year waiting period and there is no co-pay. It does not have any sub-limits on room rent. It has 100 percent no claim bonus and a 62.95 percent incurred claim ratio.

The ‘Apollo Munich Easy Health’ health insurance plan is offered by the Apollo Munich Insurance Company. It provides healthcare coverage at a very reasonable premium sum. A few of the numerous benefits offered to the policy holder include facility of cashless hospitalization, in-patient hospitalization, over 140 kinds of procedures at day care, and pre and post hospitalization treatment expenses.

Any expenses incurred by the policyholder on alternative treatments such as Homeopathic, Ayurvedic, and Unani medicine is also covered by the policy. All the above listed benefits make this health insurance policy one of the best in the market.

 

  1. Max Bupa Health Insurance

Individuals can choose from three kinds of health insurance schemes which are available under the Max Bupa Health Insurance plan. The coverage sum and the total coverage provided by each of these variants differ. A few common benefits offered by all the three types include 100 percent no claim bonus and nil sub limits on room rent.

One of the types of Max Bupa Health Insurance plans is the ‘Max Bupa Health Champion’ plan. It can be availed by individuals older than 18 years. The minimum sum insured is INR 2 lakhs and the maximum sum insured is INR 1 crore. It has a 3 or 4 years waiting period and there is no co-pay. It allows sub-limits on room rent upon request. It has 100 percent no claim bonus in 5 years and a 55.10 percent incurred claim ratio.

Some of the most popular family health insurance schemes are also offered by Max Bupa. They are considered to be amongst the best in the market. Claims of Max Bupa Health insurance have in-house settlement; thus there is no need for policy holders to meet TPA’s whenever they experience any kind of unfortunate medical emergency.

A few great benefits offered by the different types of Max Bupa Health Insurance plans include pre and post hospitalization expenses, cashless hospitalization, ambulance fees, room rent, medicine expenses, and domiciliary expenditures.

 

  1. Religare Care

Religare Care health insurance plan can be availed by individuals older than 18 years. The minimum sum insured is INR 3 lakhs and the maximum sum insured is INR 60 lakhs. It has a 4 year waiting period and there is no co-pay. It does not have any sub-limits on room rent. It has a 50 to 150 percent no claim bonus and a 61.15 percent incurred claim ratio.

Numerous benefits are offered by this health insurance to the policyholder. A few of the benefits are coverage of room rent charges, ICU fees, procedures at day care, ambulance expenses, domiciliary charges, medical checkups, and pre and post hospitalization expenditures. It can thus be easily deduced that nearly all kinds of expenses which may occur during any health emergency situation are covered under this policy.

 

  1. Bajaj Allianz Health Guard

The ‘Bajaj Allianz Health Guard’ health insurance plan can be availed by individuals between the ages of 18 and 65 years. The minimum sum insured is INR 2 lakhs and the maximum sum insured is INR 1 crore. It has a 2 or 4 years waiting period and a 10 percent co-pay. It does not have any sub-limits on room rent. The no claim bonus is 10 percent each claim free year and the incurred claim ratio is 73.61 percent.

The ‘Bajaj Allianz Health Guard’ health insurance has the highest ratio for claim settlement. It is a balanced policy that offers coverage for different medical expenses such as hospitalization expenditures, ambulance charges, treatment service charges, doctor consultation fees, and pre and post-hospitalization expenses.

A pre-medical checkup is not required in order to avail of this individual health insurance plan. After 4 years of no claim, policyholders can visit any network center of the company and get a free health test. The policy has over 3990 network hospitals where you can get cashless hospitalization and other benefits. Pre-existing conditions are not covered under this policy.

 

Dream Big – Best book on Mutual Fund Investment to Grow Rich

Learn to Invest Right & Grow Rich

CNBC TV18 has published the book ‘Dream Big’ which has been authored by Dr. Mukesh Jindal.

'Dream Big' is a Bestseller which can help you in learning all about investments and making right investments to grow your wealth.

Order Your Copy Now - Amazon

Related Post


Leave a Reply


DOWNLOAD THE APP