Best Medical Insurance Plans in India

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Posted by : Siddharth Jalan on | Sep 19,2017

We know how expensive it is for Indians to manage the medical costs today. By buying a medical insurance plan, you can manage the healthcare costs and remain financially protected. However, to locate the right medical insurance plan over so many of them in the market is the most complicated part. There are various factors that you should look for in the best medical insurance plan right from the coverage, premium amount, benefits of the plans as well as the claim settlement ratio of the company.

I, therefore, decided to assess the quality of some of the best medical insurance plans in India, to make your lives easier. Below is a comprehensive list of the best medical insurance plans in India.

Best Medical Insurance Plans in India

1. Star Health Senior Citizen Red Carpet
Star Health and Allied Insurance is one of the largest private health insurance providers in India. This company is a collaboration between UAE-based Oman Insurance Company and leading NRI’s. Star Health and Allied Insurance has a wide network of 6000+ network hospitals and a hassle-free claim-settlement process.

The features of the Star Health Senior Citizen Red Carpet medical insurance plan are mentioned below:

- This plan is designed for senior citizens aged between 60 and 75 years and the entry age can be extended to 75 years

- This plan covers the pre-existing diseases if any from the 1st year

- Offers a discount of 10% if you produce the BP report, stress thallium, blood urea etc.

- Medical examination is not mandatory

- Covers pre and post hospitalization expenses, day care procedures, consultant’s fees, domiciliary treatment, cost of oxygen, blood, pacemaker, ICU expenses, surgeon’s fees, nursing expenses, emergency ambulance etc.

- Offers a 5% discount on premiums if you buy this plan online from the Company’s website

- Offers outpatient consultation in network hospitals

- Offers tax benefit under Section 80D

2. Star Health Cardiac Care
Star Health and Allied Insurance is one of the largest private health insurance providers in India. This company is a collaboration between UAE-based Oman Insurance Company and leading NRI’s. Star Health and Allied Insurance has a wide network of 6000+ network hospitals and a hassle-free claim-settlement process.

The features of the Star Health Cardiac Care medical insurance plan are mentioned below:

- This plan is designed for people who have cardiac health issues aged between 10-65 years

- Covers cardiac ailments post 3 months from the medical insurance plan issuance date

- Offers lifelong renewal

- Offers coverage for ailments related to cardiac that requires surgery/intervention

- Covers pre & post hospitalization expenses, in-patient hospitalization for a minimum of 24 hours, coverage for cardiac medical management for gold plan, outpatient benefit,

- Medical examination is mandatory for the insured

- Covers 405 day-care treatments

- Offers a grace period of 30 days.

- Offers tax benefit under Section 80D

3. Max Bupa Heartbeat
Max Bupa Health Insurance known as Max Bupa is a joint venture of Max India Limited and Bupa- a pioneer in healthcare services from the United Kingdom. The vision of Max Bupa Health Insurance is to be India’s most preferred health insurance company and to form lasting relationships with their cherished customers. It has a wide spread network of around 3500+ hospitals across India.

The features of the Max Bupa Heartbeat medical insurance plan are mentioned below:

- This plan comes in 3 variants – Silver, Gold and Platinum and is a family oriented medical insurance plan

- Offers benefit of free health checkup every second year

- Offers coverage for 13 relationships under one single policy

- Offers direct claim settlement.

- Offers coverage for new born babies, maternity benefit post a waiting period of 2 years, vaccination for children up to 12 years, organ donor’s expenses, domiciliary treatment, organ transplant, outpatient benefits, emergency ambulance charges etc.

- This plan offers benefits of life long renewal

- Offers an option to select higher deductible for getting a higher coverage at a lower cost

- Offers tax benefit under Section 80D

4. Religare Care Health Insurance Plan
Religare Health Insurance launched in July 2012, is the brainchild of Religare Enterprises Ltd. (REL) and two major public sector banks i.e. Union Bank of India and Corporation Bank. It has more than 4900+ leading network hospitals across India. The plans have been designed keeping in mind “the insured’s convenience”. The claim settlement ratio of this company recorded was 79.92% in the year 2015. It has made a significant progress within a short time.

The features of the Religare Care medical insurance plan are mentioned below:

- Offers a comprehensive protection and is considered as one of the best medical insurance plan

- Offers reinstatement of the sum insured if it gets exhausted before the policy tenure ends

- Offers organ donor’s expenses, ambulance expenses, cashless treatment, daily allowance, free health check-ups every year

- Offers coverage for pre and post hospitalization expenses, day care expenses, in patient hospitalization, ambulance charges etc.

- Offers lifelong renewals

- Offers tax benefit under Section 80D

There are several other health insurance plans available in the market. The idea is not to choose the most famous one, but the one that offers you the best coverage as per your requirement. Read reviews, talk to an insurance broker who can give you an unbiased advice on the right plans to choose that suit your needs, and then make your choice.

Recommended Read:
Importance of Individual Health Insurance Policy
Understanding Indemnity Health Insurance Plans

Authored By: Nidhi Mahajan
Nidhi Mahajan is a Guest Blogger and passionate about Content writing. She has been creating SEO Friendly Content for more than 10 years. She can write on all niches for writing and is great at providing tips on SEO and Blogging.

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