The benefits of health insurance in India cannot be overstated. Buying a health insurance policy can help you get health care without spending all of your savings. Today’s health care plans offer much more than hospital expenses.
Select Your Health Insurance Plan
- Find the right coverage. …
- Have it at your fingertips. …
- Family preference over individual health plans. …
- Choose a renewable lifetime plan. …
- Compare quotes online. …
- Hospital network coverage. …
- High claims settlement rate. …
- Choose the type of plan and enter your data
Not having a health insurance plan will result in financial losses and will eventually deplete your savings. You’ll end up paying the bills yourself, which you can allow the insurance company to pay.
Who Needs Health Insurance?
The answer is easy for everyone! Regardless of your age, gender, or shoe size, you need health insurance. Just as you need car insurance, in case something happens to your car, health insurance will cover you if you get sick or are injured.
According to data from MyInsuranceClub. com, a 5,000 rupee family pontoon covering yourself, your spouse and a child will cost between 10,000 and 17,000 rupees a year. An individual health plan of Rs 5 lakh for 35 years will cost Rs 4,000 to 7,000 per year.
Why is health insurance so expensive?
The most notable reason is that health care in the United States is based on a “for-profit insurance system,” one of the only systems in the world, according to Carmen Palber, CEO of Consumer Watchdog, who has advocated for the health reform. safe. Market.
First, your health coverage must be at least 50% of your annual income. Second, insurance coverage must cover at least the cost of a coronary artery bypass graft at the hospital of your choice. Most personal finance experts recommend a minimum health coverage of Rs 5 lakh.
Budget Health Insurance in India
|Name of the plan||Sum insured|
|HDFC ERGO Silver Smart Plan||INR 3 lakhs to INR 5 lakhs|
|Universal Sompo Complete Health Care Individual Essential Plan||INR 3 lakhs to INR 5 lakhs|
|Star Health Comprehensive Individual Plan||INR 5 lakhs to INR 1 crore|
Health insurance vs MedicAlem
The medical claims plan provides coverage only for hospitalization and treatment related to predetermined accidents and illnesses with a predetermined limit. The health insurance plan offers comprehensive coverage for inpatient fees, pre-hospital fees, post-hospital fees, and ambulance expenses.
|Mediclaim Policy||Sum Insured (Rs.)|
|Bajaj Allianz Mediclaim Policy||1.5-50 lakhs|
|Bharti AXA Mediclaim Policy||3,4,5 lakhs|
|Care Health Insurance Mediclaim Policy (Formerly known as Religare Health Insurance Mediclaim Policy||Rs. 3 Lakh to Rs. 60 Lakh|
|Cholamandalam Mediclaim Policy||2- 15 lakhs|
Best Health Insurance Companies in India
|Rank||Health Insurance Company||Health Claim Settlement Ratio||Network Hospitals|
|1||IFFCO Tokio General Insurance||96.33%||1416|
|2||Care Health Insurance||95.47%||2500|
|3||Magma HDI Health Insurance||95.17%||5016|
|4||The Oriental Insurance Company||93.96%||NA|
|5||New India General Insurance||92.68%||1256|
|6||Bajaj Allianz General Insurance||92.24%||6277|
|7||Max Bupa Health Insurance||89.46%||5270|
|8||Navi General Insurance||86.98%||NA|
|9||HDFC ERGO General Insurance||86.52%||9414|
|10||Manipal Cigna Health Insurance||85.72%||6509|