What is Health Insurance?

We all are more or less familiar with the phrase health insurance or mediclaim policies in India. Since the greatest wealth in the world is health, it’s important to secure it the best way you can. Well, this job is productively performed by health insurance policies. Health insurance is basically an insurance policy specifically brought for the security of an individual’s or family’s health against various health related complications arising out of any sickness, illness or diseases. Therefore, in a more precise sense, health insurance is a contract between policy buyer(s) and health insurance companies affirming necessary financial support at the time of need. It’s suggested to compare health insurance online to avail the best health insurance policy.

In order to avail the best benefits of a sound health insurance policy in India, all you will have to do is to insure yourself under the type of Health Insurance Plan that best suits your requirements. You will have to pay a certain amount in the form of premium and renew your health insurance plan before it expires to avail the best advantages of health insurance policies in India. Best health Insurance online comes with the best benefits and coverage within an affordable price. Note that the cheapest health insurance policies may not always prove to be the right choice.

You should also concern yourself with the fact that the health insurance companies impose a certain waiting period for specific illnesses. That means those specified illness or pre existing condition will only be covered after the required waiting period is over. You will not receive any financial assistance out of a health insurance policy if you file claim against health issues resulting from pre-existing diseases within the waiting period. When you buy health insurance you should only do it from the best health insurance company in India

GIBL.IN, the IRDA approved website can help you find the best health insurance in India. Our website enables you to effortlessly compare and choose the best health insurance plans to take care of all your health needs when you buy or renew mediclaim policy from our site.

Importance of Having a Health Insurance Policy

To tell you the truth, there are not enough fingers in your hands to count the importance of having a health insurance policy in India. With the rising costs of medical bills day by day, it’s very much important to secure your health or the health of your loved ones. Having the best health insurance plan is vital nowadays given that you can’t really predict when you may fall sick or what your medical bills look like in future. Not having a health insurance policy in India will cost you really more than you can ever imagine. You may have to say goodbye to your lifelong savings and resort to depression and anxiety as the penalty of not having a health insurance policy.

A mediclaim policy acts as a helping hand at the time of your need to help you stand back up once again from any sort of medical emergencies arising out of nowhere. The best health insurance company in India is likely to offer you the best health benefits. GIBL can help you spot the best health insurance in India at an affordable rate. You can compare health insurance quotes online from our website and buy or renew the best mediclaim policy instantly.

Why Do you Need Health Insurance?

• Health is wealth. Your health directly or indirectly impacts your quality of life.
• Without a health insurance policy in India, you could be accountable for the entire cost of hospitalization, medication and treatments.
• With the best health insurance plan, you can get prevention care, routine checkups, and most importantly, save money by choosing the type of coverage you want.

How Does Health Insurance Policy Work?

Health insurance policy in India is an agreement between you and your health insurance company in general and the health policy comes with an abundance of health benefits such as the services linked to treatment, tests, drugs etc. You insurance company accords to cover the expenses of specific benefits listed under your best health insurance policy in exchange of a pre specified yearly/monthly premium.

The purpose of a health insurance policy in India is to pay for the expenses of your health care. Furthermore a mediclaim policy financially safeguards you and your family in the event of an unforeseen serious injury or illness that could turn out to be very expensive. Health insurance policies help defend you from the high rates of medical bills. Health insurance plans provides you sort of relaxation by paying for hospital stays, prescription drugs, doctor visits, & other important preventive treatments.

Different Types of Health Insurance Policies in India

Health Insurance online plans in India come with a plethora of choices. Since the preferences of different people vary from one person to another, health insurance policies also comes with a number of options to pick from in terms of the health coverage. Before you opt for the right mediclaim insurance plan, first you will have to have the basic conception of different health insurance policies available in India. To make you task of choosing the best health insurance online, we’re proving you a brief description on different health insurance policies.

• Individual Health Insurance Plan: This is one of the best health insurance plans that everyone is more or less familiar with in India. Like the name suggests, Individual Health Insurance Plans are exclusively designed for the health protection of an individual person against various critical illness under one Sum Insured. Though family members can be included under the best Individual Health Insurance Plan but you’ll have to choose a different Sum Insured for each family member you want to insure. The premium you’ll pay for this health insurance online policy is generally directly proportional to the Sum Insured.


• Family Floater Health Insurance Plan: Family Floater Health Insurance plans offer an extensive medical coverage against various illnesses and diseases to all you family members under the single Sum Insured. This medical policy can cover your parents, spouse and dependent children. The premium of family floater health insurance plan is comparatively lower than the individual mediclaim policies taken by each family member. Family floater health insurance plan is significant given that it covers each of the family members and also provides a fixed Sum Insured for all insured members for single or multiple claims raised during the policy term.


• Senior Citizen Health Insurance Plans: Like the name suggests, this specific health insurance online policy is particularly designed for the senior citizens in India. As mandated by IRDAI, every insurance company must include people up to 65 years of age under senior citizen health insurance plan.


• Critical Illness Plans: Again one of the best health insurance policies, critical illness plan is designed to provide medical coverage to insured persons against various critical illnesses specified under the policy. Given that the medication cost of such critical illness like cancer, paralysis, heart attack, kidney failure etc are expensive, the critical illness policy provides financial assistance in case the insured person is diagnosed with one of multiple critical illnesses listed under the policy.


• Maternity Health Insurance Policy: Almost all the best health insurance companies in India offer maternity health insurance policy nowadays. This health insurance policy covers the costs incurred from child delivery, Pre & Post Natal care, and even sometimes covers the vaccination costs of the new born babies. To break it down in one sentence, maternity health insurance policy takes care of all your maternity expenditures. However, you should note that the features and benefits of this particular health insurance plan may vary from one insurer to another.


• Unit Linked Health Plan (ULHP): Unit Linked Health Plan (ULH) is a recently introduced health insurance plan in India that is similar to Unit Linked Insurance Plan (ULIP). ULHP is basically a grouping of a health insurance policies and a market-linked investment plan. In spite of providing protection on health, Unit Linked Health Plan contributes in the construction of a structure that could be utilized to meet the expenses that are not covered by health insurance policies.

Available Health Insurance Plans in India

Benefits & Features of Health Insurance in India

It’s quite crystal clear by now that best health insurance come with myriads of benefits and special advantages that can’t be replaced with anything. A policyholder can avail a number of advantages from their health insurance company. Though the benefits offered varies from one health insurance Company to another health insurance company in India, there’re some specific special features that can be by anyone opting for health insurance online. Well, following the key benefits of having the best health insurance online.

• Cashless Treatment Facility: Since our country India is emphasizing on digitization, you can almost see the adapted changes in the insurance sector as well. Cash is something that may not be available to everyone all the time and that is the reason why cashless treatments have taken a massive ground. In the event of hospitalization, if you are covered under a health insurance policy that provide the facility of cashless treatment, you no longer have to worry about your medical bills payment because your insurance company will take care of the payment through cashless scheme on your behalf let you focus on the medical treatment only. Cashless treatment may prove out to be savior when you don’t have arranged funds in the form of cash at the time of any medical emergency. All you have to do is choose a health insurance provider that offer cashless treatment facility to avail this benefit.


• No Claim Bonus (NCB): No Claim Bonus (NCB) for health insurance online policy stands for a specific amount of discount that you receive for not filing any claim during a policy term. This discount is applicable on your premium at the time of your health insurance renewal. NCB triggers the health insurance policyholder to not file a claim during a policy period.


• Co-payment: When you buy health insurance, you will come across to the term stated as co-pay. Co-pay stands for a pre specified amount that you have to pay before you health insurance company comes forward to settle down the rest of the medical bills when you file a claim. Your overall Sum Insured amount is not affected by co-payment.


• Family Discounts: This discount is offered by health insurance companies in India for enrolling any family member or any person under a health insurance policy. This is a form of reward offered by health insurance companies to existing policyholders for referring them to people.


• 24*7 Customer Support: To provide the customers the best assistance on anything related to their health insurance policy of coverage, the company provides round the clock customer care support.


• Lifelong Renewability: Since it’s important to pick the best health insurance plan that comes with the option of lifetime renewability, especially in the old age, health insurance companies in India has started offering health plans that can be renewed throughout lifetime of an insured person. Lifelong renewability is only applicable if there’s no break in your health policy.


• Free Health Check-Ups: Health insurance companies provide free health check-up to encourage all its policyholder lead a healthy life. The free health check-up facility is provided only once in a while but that totally depends upon the type of plan you choose.


• Online Buying & Renewal Option: Given that the entire world is being encapsulated into online, health insurance policies also doesn’t lag behind in terms of renewal or purchasing. Gone are the days when you had to wait and struggle a lot to avail the best health insurance plan. Nowadays you can instantly buy or renew health insurance policy in an instant online. All the health insurers offer online renewal and buying facility for health insurance plans.

How to Avail the Best Health Insurance in India?

Finding the best health insurance in India is a bit confusing and tough job. You can avail a plethora of benefits if you choose the best health insurance but the question is how? Well, it’s an easy process to unearth the best health insurance plan. It may take some time but it will be worth it.

First, all you have to do is compare health insurance plans online. You will have more options open when you compare health insurance online. You will have to have a basic know-how of the type of health plan you want to purchase. Thereafter compare health insurance plans offered by different health insurance companies depending upon the type of coverage you are looking for.

Best Health Insurance Policies in India from the Top Insurers

Why and How to Compare Health Insurance Policies ?

Not every health insurance company will offer you the same types of coverage or benefits. When you compare health insurance online, you will automatically amass the knowledge regarding the coverage offered by various insurers in India. You should also keep in mind that the cheapest mediclaim policy is not always the best when you compare health insurance quotes online. You should also take note that the online comparison of various insurance providers is the key to find the best health insurance in India.

Online comparison is the exclusive method to avail the best health insurance plan in India. Whether you buy insurance on individual basis or family floater basis, make sure you compare health insurance as per your coverage and budget. Furthermore you should compare health insurance quotes at the time of your health insurance renewal. Best health insurance Company in India is likely to provide you the best coverage at an affordable price. Some special discounts are also offered by the best health insurance company in India.

To compare health insurance plan all you need to do is to visit an insurance broking portal. Keep in mind that not all portals provide you the best results when you compare health insurance to purchase the best health insurance online. Therefore you should only use the best portal like GIBL.IN when you compare health insurance policies online. You can be rest assured to acquire the best health insurance thereafter. GIBL is dedicated toward providing its users the best health insurance in India for both when you buy and renew health insurance online.

Health Insurance Online

After you compare health insurance policies, you can move forward to purchasing the best health insurance online. You should check about the reputation of the health insurance company you are buying mediclaim insurance from. You should also check the range of network hospitals before you buy health insurance online. The best health insurance company in India is likely to have the largest network of hospitals. Therefore you can avail the best health insurance coverage from them.

Health Insurance Renewal

Health insurance renewal has the same importance as buying one after you compare health insurance online. When you opt for the best health insurance online, you should concern yourself about renewal of your mediclaim policy on time. There are a few things to keep in mind when you go for health insurance renewal online such as the coverage, special add-on covers etc. You can also switch to a different insurer at the time of your health insurance renewal if better benefits are provided in exchange of the same premium you pay for your existing mediclaim plan. For online health insurance renewal, you will be required to provide your personal details such as the policy number etc. You should compare health insurance online before your health insurance renewal.

Health Insurance Claim Settlement Procedure

Though most people are concerned about how TPAs work, still many don’t know how health insurance claims are settled. The best health insurance company in India will settle your health claims as soon as possible. The time of health claim settlement may vary. For the claim on your mediclaim policy, the insured must approach the TPA for all formalities and verification process. It takes generally two days to settle claims for TPAs. Here’s how health insurance claims are settled.

• Cashless
  Cashless treatment can be availed only through the network hospital of your best health insurance company in India. You must intimate the TPA prior to pre-planned hospitalization, or within a specific time duration in case of an emergency. The hospital's insurance desk will assist you with all the paperwork. The TPA needs to approve the mediclaim amount and thereafter the insurance company will settle the bills with the hospital except some excluded costs that have to be settled from the pocket of the patient party directly.


• Reimbursement
  Reimbursement facility can be availed both at networked and non-networked hospitals by the patients. With this facility, you will have to settle your mediclaim bills directly with the hospital after treatment. Thereafter you can file health insurance claim reimbursement of the expenditures from the TPA by providing the relevant receipts and bills.

Why Choose GIBL to Buy Health Insurance Online in India?

GIBL.IN is simply the best in the game of providing its customers the best results when they compare health insurance policies online using our website. We are a non-biased insurance portal that is devoted to fetch you only the best mediclaim policies from the best health insurance company in India. Whether you buy a new health policy or perform health insurance renewal through our site, you can be rest assure of receiving the best health insurance quotes on comparison. At GIBL you can compare health insurance plans offered by top insurers in India and get instant quotes. Furthermore you can compare health insurance policies online on the basis of specific features like network hospitals, waiting periods, maternity benefits, claim settlement ratio etc and choose the best health insurance company in India after comparison.

In short, GIBL.IN negotiates with the best health insurance companies in India on your behalf and brings to the table only the best mediclaim policies when you compare health insurance online so you can buy or renew health insurance online without any hassle.

Top Health Insurance Companies in India

Drastic changes have taken place in the health insurance sector of India. The recent study conducted shows that approximately 27 percent of Indian population have health insurance plan. With the use of advanced technology and other options available in the market, the health insurance companies are aiming to cover a huge market value in a few years to come.

But before you choose any particular health insurance provider, you must get your facts straight. Because there are a number of best health insurance companies in India and in order to find out the best among the best, you will have to get yourself involved deeper into the facts and figures about all these private and public sector health insurance providers. Now let’s talk about some of the best health insurance companies in India in details.

Apollo Munich Health Insurance Company

Apollo Munich holds a considerable reputation and market in the healthcare industry in India. There’s no wonder why Apollo has been the choice of healthcare experts. Apollo Munich Health Insurance Company is a joint enterprise between Apollo Hospitals Group which is the largest integrated healthcare provider in Asia and Germany based Munich Health.

The company offers a number of effective health insurance plans that can be helpful on the basis of different needs of a policy buyer. Apollo Munich offers diverse healthcare products to supply for different needs of an entire family, senior citizen, individual and corporate companies.

Max Bupa Health Insurance Company Limited

Max Bupa is one of the well known providers of top health insurance plans in India. In the financial year 2014-15, Max Bupa Health Insurance Company has an Incurred Claim Ratio of 55.16%. Max Bupa offers their health insurance policies to individuals from all age groups. Max Bupa is a joint business enterprise between Max India Limited and UK based Bupa Finance PLC, UK.

Star Health and Allied Insurance Co Ltd

Star Health And Allied Insurance Company appears to be the first standalone health insurance company in India. Star Health offers a great deal in personal accident policies, health insurance policies, and travel insurance policies. Since the company offers a hassle-free claim settlement procedure, customers always go for Star Health as their preferred choice. Star Health and Allied Insurance Co Ltd also awarded with the "Claims Service Company of the year 2014” among 28 General Insurance Companies.

Cigna TTK Health Insurance Company

Cigna TTK Health Insurance Company is one of the providers of top healthcare products and certainly deserves a place among the best health insurance companies in India. Cigna TTK is basically a joint business enterprise between Cigna, is a worldwide insurance company and TTK Group, an Indian conglomerate company. Cigna TTK is a renowned health insurance company that offers a wide range of health insurance plans that can effectively suit the health insurance needs of a family and individual.

National Insurance Company Limited

National Insurance Company Limited is basically a public sector general insurance company that offers different health insurance policies. Health insurance plans from NICL are specifically designed to offer extensive coverage at affordable prices.

IFFCO Tokio General Insurance Company Limited

IFFCO Tokio General Insurance Company is one of the most admired providers of health insurance policies in India. IFFO Tokio is basically a joint business enterprise between Indian Farmers Fertilizer Co-operative (IFFCO) and its associates and Tokio Marine and Nichido Fire Group which is the largest listed insurer of Japan. IFFO Tokio General Insurance Company was incorporated in the year 2000. The company offers wide-ranging general insurance products to cope up with your hard times.

The New India Assurance Co Ltd

New India Assurance is yet another public sector provider of general insurance products in India. The New India Assurance Co Ltd operates in around 22 nations across India. The company was founded in 1919. New India has around 2097 offices all over India. The company offers a number of unique health insurance products at a comparatively affordable price. New India Assurance health insurance is allowing common people to avail the needful mediclaim policies at affordable prices.

The Oriental Insurance Co. Ltd

The Oriental Insurance Company Limited (OICL) was founded in the year 1947. The company has been providing a number of top healthcare products since incorporation. United India has laid low a smooth system for the better convenience of customers. The company has its headquarters in New Delhi. Oriental Insurance Co. Ltd. offers various healthcare products that can be effective to the needs of both urban and rural India population. Oriental Insurance Company is wholly owned and operated by the Government of India. The company also operates in Nepal, Kuwait, and Dubai.

SBI General Insurance Company Ltd

SBI General insurance company is a joint business enterprise between State Bank of India and Insurance Australia Group (IAG). SBI owns 74% of the total share while the 26% of capital is owned by IAG. SBI deals in a multi-distribution model encompassing through direct broking and retail channels, agency, and bancassurance. Presently SBI General Insurance Company has approximately 10,000 IRDA certified SBI and associate bank employees and round 4800 agents. SBI General Insurance Company is offering travel insurance, health insurance, motor insurance, personal accident insurance and home insurance policies for individuals and group personal accident, group health, construction and engineering for businesses.

Religare Health Insurance Co Ltd

Religare Health Insurance ranks as one of the best health insurance companies engaged in providing diverse health insurance policies in India. The strong shareholders of the company are Religare Enterprises, Union Bank and Corporation Bank of India. Religare Health Insurance Company is highly promoted by the founders of Fortis Hospitals. Health insurance products from the company are excelling in a business environment since the company is driven by serviceability.

Things to Keep in Mind While Choosing the Best Health Insurance Policy in India

Selection of the best health insurance policy in India can be tricky because all health insurance companies come with similar health insurance plans in terms of coverage and premium. However, there are some vitals aspects that separate the best health insurance policies from the rest. So, you have to compare health insurance online to trace out the best health insurance plan in India. If you compare medical insurance online, you can purchase the best policy from the finest provider.

Financial Strength of the Health Insurance Company

All health insurers in India are not equivalent in terms of monetary position. Your chosen health insurance company should be financially strong so that you can rest assured that if you make any claim, your health insurance claim will be paid out by your chosen insurer. So, you first have to compare health insurance online providers and find out the best one in India in terms of financial stability.

Know Your Budget

Even though, you want the best health policy with a plethora of attractive features, you should select the policy online as per your budget only. In such case also, you have to compare health insurance online to find the best mediclaim policy that comes with affordable premium and attractive features.

Know Your Requirements

Once you know well what exactly you want in your best health policy, you can find out the best online policy easily. Many insurers in India come with a plethora of beneficial features. Once you know your requirements, you can compare health insurance to come upon the best features you seek.

Claims Settlement Rate of Health Insurance Company

On the basis of claim settlement time and rate all health insurance companies in India are not equal. You should choose health insurance policy from such insurer which has highest claim settlement ratio. Providers of best health insurance in India come with best claim settlement record.

Understand Terms and Conditions

One of the keys to avail the best health insurance policy is to be aware of the terms and conditions. Once you read that part and be aware of exclusions, you can select the best policy with least number of exclusions and most lenient guidelines. So, reading the fine prints is one of the right ways of finding the best health insurance online.

Network Hospitals

Network hospital of health insurance companies is another crucial aspect in choosing the best health insurance policy in India. You have to compare health insurance online providers in terms of number of network hospitals. The provider of best health insurance policy boasts maximum number of hospitals in the network. Your chosen insurer must have sufficient network hospitals in your vicinity so that you can avail cashless health insurance facility in your locality.

Renewal Option

While purchasing health insurance policy in India, the renewal option is the first thing you have to check. Best medical insurance policy comes with lifetime renewal option. So, you should make health insurance comparison and avail mediclaim policy with lifelong renewability. You just have to get renewal done in time to stay protected throughout your life.

Cashless Hospital List

People Also Search For:

Buy Health Insurance | Compare Health Insurance | Health Insurance Companies | Health Insurance for Senior Citizen | Health Insurance for Senior Citizen | Health Insurance India | Health Insurance Plans | Family Health Insurance | Cashless Medical Insurance | Best Mediclaim Policy | Best Health Insurance