Health insurance plans have been designed to protect the insured for a range of healthcare expenditures depending on the sum insured chosen and the premium paid. Some of the best health insurance policies on the market are offered by well-known insurance companies with a high claim settlement ratio. In this blog, we’ll talk about the 5 best health insurance plans that you should consider buying in 2022.
It's bad enough to get sick, but having to pay medical bills on top of it is even worse. While you may not be able to avoid health problems, you can protect yourself financially from them by getting health insurance coverage. A decent health insurance plan will cover your medical expenses if you fall ill.
What Are Health Insurance Plans?
A health insurance plan is a contract between an insurer and a policyholder in which the insurer agrees to pay for the insured's medical expenditures as outlined in the policy document for a set period of time. In India, there are a variety of health insurance plans to choose from, each with its unique set of features and advantages.
Top 5 Health Insurance Plans in India 2022
Popular insurance companies in India offer a wide range of health insurance coverage. The best health insurance plans in 2022 that you can buy for maximum coverage features are listed below:
1. Star Young Star Health Insurance
The Star Health Insurance Company's Young Star Insurance Policy is a plan that covers all medical expenses incurred as a result of hospitalization. This health insurance policy from Star Health also provides unique features such as a no-room rental cap, automatic restoration, ambulance costs, and mid-term inclusions, among others. Individuals between the ages of 18 and 40 can purchase a medical insurance policy for themselves, their spouses, and their parents. Dependent children can be included if they are between the ages of 91 days and 25 years.
The Young Star Health insurance policy offers a wide range of sum insured options, ranging from Rs. 3 lakh (on an individual basis) to Rs. 1 crore (on a group basis/ family floater basis). The basic sum insured, cumulative bonus, and other policy benefits are dispersed among all covered members if the insurance plan is offered on a family floater basis. The policy is for one year, two years, or three years.
The policy buyer can choose between a gold plan and a silver plan based on their specific needs. The policyholder has the option of paying the premium monthly, quarterly, or half-yearly. It can also be paid annually (once a year), biennially (once every two years), or triennially (once in three years).
2. Aditya Birla Activ Assure Diamond Health Insurance Plan
Aditya Birla Health Insurance's (ABHI) Activ Assure Diamond Plan is in our list of top 5 best health insurance plans 2022. This plan was created by Aditya Birla with the goal of protecting your family in the event of a medical emergency as well as ensuring that you live a healthy lifestyle in the future. The company provides comprehensive coverage to policyholders under this policy, ranging from regular medical checkups to hospitalization care, as well as various incentives in the form of cashback, which will be credited to his / her health account, and with which policyholders can earn up to 30% of the premium amount.
In addition, Aditya Birla offers a health coach or wellness coach as part of this plan, delivering tips and coaching via an online chat service and a call-back service. Experts guide and motivate insured individuals to live a healthy and active lifestyle through this health insurance plan.
3. Star Family Health Optima Health Insurance
The Star Health Optima Plan is a super saver plan that covers the complete family at a low cost, including the spouse and dependent children between the ages of 16 and 25. This policy is available to people in India between the ages of 18 and 65. The health plan can be renewed for the rest of one's life after reaching the age of 65. Every claim-free year is rewarded with a health check-up under this coverage. For each complete exhaustion, the plan provides a three-fold automatic restoration of the money insured by 100 percent.
Furthermore, the Star Health Optima provides extensive coverage, including pre-hospitalization and post-hospitalization, domiciliary hospitalization, donor expenditures for organ transplantation, newborn infant coverage beginning on the 16th day, and so on. By spending a little more, policyholders can receive the additional sum insured.
4. HDFC ERGO Optima Restore Health Insurance
HDFC ERGO General Insurance's Optima Restore Plan is one of the company's most popular health insurance plans. The plan has three fantastic features: Restore, Multiplier, and Stay Active. If you use the policy sum insured fully or partially, Restore adds 100 percent of the sum insured. The Multiplier benefit allows you to receive a 100 percent increase in the Sum Insured after two years of no claims. If you live an active lifestyle, you will be rewarded with the Stay Active perk. You can get premium savings just by walking to stay active.
The Optima Restore Plan from HDFC ERGO Insurance comes in two flavors: Optima Restore Individual and Optima Restore Family. In-patient hospitalization, pre-hospitalization, post-hospitalization, day-care procedures, road ambulance coverage, and air ambulance coverage are all covered by both variations.
5. Care Health Insurance
An indemnity-based medical insurance policy, Care Health Insurance Policy reimburses medical expenses incurred throughout the policy term. The insurance offers a range of sum insured options ranging from Rs. 5 lakh to Rs. 6 crores, which you can customize to meet your specific needs. This policy can be purchased as an individual or as a family floater to provide comprehensive coverage for treatments, critical diseases, childcare procedures, yearly health check-ups, and other expenses. The lowest age to purchase this coverage is 91 days, and there is no upper age limit for enrollment. If you are 61 years old or older, you will be given the option of paying a 20% co-payment for each admissible claim, with the remainder paid by your health insurance company. The policy is renewable for the rest of one's life.
In-patient hospitalization expenses, pre-hospitalization expenses, post-hospitalization expenses, daycare expenses, ambulance cover, domiciliary hospitalization expenses, maternity cover, alternative treatment, second opinion, annual health check-up, organ donor cover, and so on are all covered if you are covered under the policy.
Apart from coverage, the insurance includes a grace period, a free look period, a No Claim Bonus, automatic reinstatement of the sum covered, and tax benefits on premiums paid under Section 80D of the Income Tax Act of 1961. Overall, purchasing this policy is a sensible decision for anyone seeking complete coverage for themselves and their family.
Why Buy Health Insurance?
So, these were the best 5 health insurance plans in India in 2022. In this day and age, when healthcare costs are rising at an alarming rate, it is critical to obtain the best health insurance policy possible to cover exorbitant medical expenses. The health insurance policies are meant to protect you and your family from the costs of hospitalization and medical bills, ensuring a healthy and happy future. When it comes to acquiring health insurance policies, you may be unsure which one to choose from a variety of options.
We at GIBL can assist you in selecting a health insurance policy that meets your needs. You may compare and choose the best health insurance plan for yourself and your family, which will cover your medical bills, day-care fees, coronavirus treatment, critical illness treatment, and so on, depending on your preferences.