Check Which Health Insurance Plan is the Best in India

With so many health insurance plans available in the market, choosing the best one can be a bit confusing. The key to finding the right policy is to understand your needs and compare the benefits each option offers. 

Here, we have brought you a list of the best health insurance plans along with their features so you can decide which one to opt for!  

List of Best Health Insurance Plans

Best Health Insurance Plans

1. Aditya Birla Active One NXT Health Insurance Plan

Aditya Birla Active One NXT Health Insurance Plan offers up to 100% HealthReturns if you walk 10,000 steps or burn 300 calories daily. In short, the company encourages individuals to live happy and healthy lives, so they may never need to make a claim. 

Key features of Aditya Birla Active One NXT Health Insurance Plan

• Policyholders get 2X Sum Insured available from Day 1 and unlimited times refill up to 100% of the base Sum Insured from the second claim onwards for all subsequent claims within a policy year.
• No Capping on Hospitalization Expenses, meaning no need to worry about hospitalization costs. The company covers all the hospital expenses as per actuals up to the base sum insured.
• Pre- and post-hospitalization expenses for mental illnesses are covered up to Base Sum Insured.
• If the policyholder renews their policy every year, the company enhances coverage by adding 100% of SI per year, up to 500% of the Base Sum Insured, and a maximum of 3 crores, irrespective of claims. 
• Complete coverage of all Non-Medical Expenses, as per the specific terms and conditions. 

2. Niva Bupa Health Companion Plan

The next comprehensive and best health insurance plan is the Niva Bupa Health Companion, which offers up to Rs. 1 crore cover. By buying this policy, you can ensure that you and your family are financially secure during any unexpected medical issues. 

Key features of Niva Bupa Health Companion Plan

• No capping on Room Rent; the company offers coverage up to the Sum Insured. 
• Hospital cash benefits of up to ₹4000 are available. 
• Expenses 60 days before hospitalisation and 180 days post-discharge are also covered. 
• No claim bonus of a 20% increase in the Base Sum Insured is offered to the policyholders on every claim-free year. The maximum amount given is 100% of the Base Sum Insured.
• Enjoy coverage for Ayurvedic, Unani, Siddha and Homeopathic treatments as well. 

3. Star Smart Health Pro Plan

Star Health Insurance is one of the largest private health insurers in India. The company offers several best health insurance policies; among them, one is the Star Smart Health Pro Plan. 

Key features of Star Smart Health Pro Plan

• No claim bonus of up to 7 times the Sum Insured. 
• If the insured is hospitalised for at least 24 hrs, the insurer will pay for the medical expenses up to the Sum Insured, like ICU expenses, nursing expenses, surgeon, room, boarding expenses, and so on. 
• All daycare procedures and advanced procedures such as Robotic surgery and deep Brain Stimulation are covered. 
• Policyholders are also eligible to receive Cumulative bonuses calculated at 50% of the Sum Insured for each claim-free year and a maximum of up to 100% of the Sum Insured.  
• You can add optional covers, such as Cumulative Bonus Booster, Reduction of Pre-existing Diseases Waiting Period, etc, to enhance the policy coverage. 

4. Royal Sundaram Health Lifeline Supreme

With a wide network of over 5000+ affiliated hospitals all over India, the next best health insurance plan is Royal Sundaram Health Lifeline Supreme, which offers holistic coverage and a wide range of benefits. Read on to find out! 

Key features of Royal Sundaram Health Lifeline Supreme

• No claim bonus starts from 20% of the sum insured and extends up to 100%. 
• Enjoy cashless hospitalisation claims across the company’s network of affiliated hospitals. 
• Top-up on the sum insured, value-added medical facilities, EMI options, and expert medical care are also available.
• No room rent capping and second opinion for critical illnesses. 

5. Niva Bupa ReAssure 2.0 Plan

Niva Bupa ReAssure 2.0 is a comprehensive health insurance policy that you buy on an individual basis or for your whole family. It is available in different variants with unique features, including Platinum+, Titanium+, Bronze+, Gold, and Bronze. 

Key features of Niva Bupa ReAssure 2.0 Plan

• Insured can pay premiums as per their entry age (until they make a claim).
• Tax benefits can be availed on the premiums paid under section 80D of the Income Tax Act. 
• Didn’t use the sum insured? No worries, you can carry forward the unused sum insured up to 10 times of base cover. 
• A health checkup facility is available for all insured members starting from Day 1. 
• Get up to 30% discount on renewal premium basis steps taken. 
• Hassle-free cashless medical claims at any of the 10,000+ network hospitals pan India. 

6. HDFC ERGO Optima Secure Plan

The list of best health insurance plans will always be incomplete without a plan from HDFC Life Insurance. So, here we go! HDFC ERGO Optima Secure Plan offers affordable, easier and dependable insurance. 

Key features of HDFC ERGO Optima Secure Plan

• Network of 13000+ hospitals that offer cashless claims with a 100% claim settlement ratio. 
• The plan offers coverage for the following expenses 

~Room rent, ICU, investigations, surgery, doctor consultations, mental illnesses, pre-hospitalisation, post-hospitalisation, Ayurveda, Unani, Siddha, and Homeopathy treatments. 

• Preventive health check-up is offered at renewal.
• Lifelong Renewability through break-free renewals. 

7. SBI Arogya Supreme Policy

SBI Arogya Supreme Policy will take care of all your needs and protect you in critical health situations when financial help is required the most. 

Key features of SBI Arogya Supreme Policy

• The health insurance plan covers 20 basic covers and 8 optional covers. 
• SBI Arogya Supreme Policy comes in three different coverage options, starting from ₹5 lakh and unique features.   
• Policyholders are eligible for a preventive health check-up every year from 1st renewal year. 
• A cumulative bonus of 15% up to a maximum of 100% of the Basic Sum Insured is provided if there has been no claim under the expiring policy year. 

8. Kotak Health Premier Plan

Kotak Health Premier Plan, offered by Kotak Mahindra General Insurance Company, is a popular health insurance policy that comes with double benefits, protection, and value-added benefits. 

Key features of Kotak Health Premier Plan

• A cumulative bonus can be earned up to 50% / 100% of the Sum Insured as per the chosen plan in case of a claim-free year at 10% per year. 
• Medical expenses for the listed 405 daycare procedures will be covered, which require less than 24 hours of hospitalisation. 
• Maternity benefit for the delivery of the Insured’s child or lawful termination of pregnancy.

9. Cholamandalam Flexi Health Plan

As the name suggests, the Cholamandalam Flexi Health Plan is a flexible health insurance policy that allows policyholders to decide policy tenure, the premium they want to pay, and the sum insured. In short, your policy, so everything will be done according to your choice. 

Key features of Cholamandalam Flexi Health Plan

• The insured can avail cover for all family members on an individual sum insured basis. Each person covered will have an independent sum insured limit within the same policy. 
• A Family Floater Cover is also available, which means self, spouse and children up to a maximum of 6 members can be covered on a family floater basis.
• The plan offers coverage for expenses such as Hospitalisation, Pre-hospitalisation, Post-hospitalisation, Daycare procedures, AYUSH (Ayurveda, Unani, Siddha, and Homeopathy), and other conditions as per policy terms. 

10. Bajaj Allianz Health Guard Plan

Bajaj Allianz Health Guard offers two plans with a different sum assured, i.e., Silver Plan & Gold Plan. For the Health Guard (Silver), the SA is in between ₹1.5 to ₹2 lakhs, while for Gold, it is in between ₹3 to ₹50 lakhs. 

Key features of Bajaj Allianz Health Guard Plan

• A cumulative bonus of 10% is given to the insured for every claim-free year up to 100%. 
• Along with pre & post-hospitalisation expenses, it also covers daycare treatment, Bariatric surgery, organ donors, and modern treatments. 
• Free preventive health checkup every 3 years, irrespective of a claim. 
• Another noteworthy feature is the Convalescence benefit of ₹5,000 per policy year. 

Conclusion

Health is very precious, and to safeguard it, one must buy a health insurance plan. Choose any of the above policies that match perfectly with your needs and ensure your and your family’s health security. 

Still, if you are looking for a specific feature in the health insurance policy or if you want to buy another plan that is not on the list, get in touch with our relationship manager at +91-7551196989. 

Frequently Asked Questions (FAQs)

Ques 1. What are the factors to consider before choosing a health insurance plan in India? 

Ans. You can consider the below factors while choosing a health insurance policy. 

• Range of medical conditions
• Network of hospitals near your location for cashless treatments.
• Premium costs
• High sum assured
• Exclusions and limitations
• Available Riders
• Insurers with a high claim settlement ratio
• Reviews and ratings of the insurer. 
• Waiting periods for pre-existing diseases and specific treatments.

Ques 2. Which health insurance is the best?

Ans. Below are some of the best health insurance policies that are known for comprehensive coverage, good claim settlement ratios, and positive customer reviews.

• Aditya Birla Activ One Plan
• Niva Bupa Health Companion Plan
• Niva Bupa ReAssure 2.0 Plan
• HDFC ERGO Optima Secure Plan
• Bajaj Allianz Health Guard Plan

Ques 3. Which is better, mediclaim or health insurance? 

Ans. Both mediclaim and health insurance policies serve the purpose of covering medical expenses, but they differ in several aspects. 

Health Insurance provides comprehensive coverage, including hospitalization, pre- and post-hospitalization, day-care procedures, ambulance charges, critical illnesses and many more. However, mediclaim only offers coverage for hospitalization expenses up to a specified limit. 

Ques 4. What are the benefits of add-on covers in health insurance? Should I add these to my policy? 

Ans. Add-on covers provide additional benefits beyond your base policy. For instance, Critical Illness Cover provides a lump sum amount on the critical illness diagnosis. So, if you got diagnosed with any of the specified critical illnesses, you are liable to receive the lump sum amount only if you have added the rider else; no benefit will be given. 

That’s why it is suggested to add riders to get enhanced protection and policy coverage. 

Ques 5. What is the importance of the CSR (claim settlement ratio) in choosing health insurance?

Ans. A health insurance policy’s claim settlement ratio indicates the company’s ability to pay a claim successfully. A higher claim settlement ratio suggests that the insurer settles all the claims and provides prompt financial support to the insured when needed.