Best Mediclaim Policy In India – Best Health Insurance Plans in India to choose from by reading 1 minute. Updated: 10 Sep 2019, 08:29 PM IST Deepti Bhaskaran
For Seniors First Class 30, the cover is for three people, two adults and one child (Photo: iStock)
Best Mediclaim Policy In India
How do you purchase a health insurance plan? If you settle with the plan your agent sold you or are happy to know you bought a cheaper plan, you have a little unlearning and a lot of learning in store for you. To give you a ready comparison, we have designed Mint SecureNow Mediclaim Ratings (MSMR). Full ratings can be viewed here: /mintmediratings2018
Pdf) 12 Comparative Study Of Various Health Insurance Products In India
Here, only A-rated plans are shown. For B and C scoring policies, see the link mentioned. For family floater plans, there are four sums (₹5 lakh, ₹10 lakh, ₹20 lakh and ₹50 lakh) and two age categories – the oldest insured being 30 years or 45 years of age. For first class of person above 30 years, the cover is for three persons, two adults and one child. For the 45-year category, the cover is for two adults and two children. For individual plans, the sum assured is ₹ 5 lakh, ₹ 10 lakh, ₹ 20 lakh and ₹ 50 lakh. The age of each of them is 30, 45, 60 and 75 years.
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You are now subscribed to our newsletters. If you cannot find any email from us, please check the spam folder. In today’s fast-paced world, health insurance has become an important aspect of our lives. With rising medical costs and the rise of chronic diseases, having a good health insurance plan is imperative.
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Here I am going to tell you why you should choose from the top 5 cashless health insurance plans in India
Medical costs have risen in recent years, and without health insurance, a single hospital visit can lead to financial ruin. With a health insurance plan, you can reduce your out-of-pocket expenses and ensure that you get the medical care you need.
Chronic diseases such as diabetes, heart disease, and cancer can require long-term medical treatment, which can be financially draining without health insurance. With a comprehensive health insurance plan, you can protect yourself and your family from the high costs of managing chronic diseases.
A health insurance plan gives you peace of mind, knowing that you and your family will be taken care of in an emergency. It eliminates the stress and anxiety associated with unexpected medical bills.
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Most health insurance plans cover preventive care, including regular check-ups, vaccinations, and health screenings. It helps you maintain good health and avoid possible health problems in future.
Health insurance allows you to access the best medical care available regardless of cost. You can choose from a network of medical providers and specialists ensuring that you get the car
Hospitalization is one of the most significant expenses in healthcare. A health insurance plan covers hospitalization costs including room and board, nursing services, and medical procedures.
Maternity coverage is an important aspect of health insurance, especially for women who are planning to start a family. With a good health insurance plan, you can get quality prenatal care and delivery services without worrying about high costs.
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Mental health is an essential aspect of overall health, and many health insurance plans now include mental health services. This includes therapy, counseling and medication management to help you maintain good mental health.
Some health insurance plans offer dental and vision coverage, allowing you to get regular dental check-ups, cleanings, and vision exams without additional costs.
Health insurance schemes provide tax benefits under Section 80D of the Income Tax Act, 1961. You can claim a tax deduction on the premiums paid for health insurance, reducing your taxable income.
Before going through the top 5 cashless health insurance plans in India, here is a brief explanation of these plans for your reference so that you can understand them well.
Health Insurance Plans
These plans cover only one person and provide coverage for pre-hospitalization, and pre-hospitalization expenses, and other medical expenses.
Family floater plans cover the entire family including the policy holder, spouse, children and parents. The sum assured is shared among all the family members and can be availed by anyone who needs medical treatment.
Critical illness plans provide a lump sum payment if the policyholder is diagnosed with a specified critical illness. The insurance holder can use the payment to pay medical expenses or cover lost income.
Senior citizen plans are designed for people above the age of 60 and provide comprehensive coverage for medical expenses incurred due to illness or hospitalization.
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Group health insurance plans are offered by employers and provide coverage to employees and their families. The premium is usually paid by the employer and the employees are covered under the policy.
There are many leading insurance companies in India that offer health insurance plans. Here is a list of some major companies and their popular health insurance plans.
Reliance Health Insurance offers several plans including Reliance Critical Illness Plan, Reliance Personal Best Plan, and Reliance Hospital Cash Plan.
ICICI Lombard offers a range of health insurance plans including ICICI Lombard Complete Health Insurance Plan, ICICI Lombard Health Wallet Plan, and ICICI Lombard Health Companion Plan.
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Bajaj Allianz offers several health insurance plans including Bajaj Allianz Health Guard Plan, Bajaj Allianz Critical Illness Plan and Bajaj Allianz Personal Assistant Plan.
HDFC Ergo offers a range of health insurance plans including HDFC Ergo Health Protection Plan, HDFC Ergo Critical Illness Plan, and Gold Plan.
Niva Bupa offers several health insurance plans including Max Bupa Heartbeat Family Floater Plan, Max Bupa Go Active Plan and Max Bupa Recharge Plan.
Star Health and Affiliated Insurance offers several health insurance plans including Star Family Health Optima Yojana, Star Comprehensive Insurance Yojana, and Star Diabetes Safe Yojana.
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Here is a list of some major government insurance companies and their popular health insurance plans.
National Insurance Company offers several health insurance plans including National Family Mediclaim Policy, National Critical Illness Policy, and National Healthcare + Policy.
New India Insurance Company offers several health insurance plans including New India Mediclaim Policy, New India Healthcare Policy, and New India Personal Accident Policy.
Oriental Insurance Company offers several health insurance plans including Oriental Mediclaim Policy, Oriental Health Care Policy, and Oriental Personal Accident Policy.
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United India Insurance Company offers several health insurance plans including United India Family Health Plan, United India Critical Illness Plan, United India Personal Accident Plan.
It is important to note that government insurance companies may not have the same extensive network of hospitals and healthcare providers as private insurance companies, but they may offer more affordable premium rates. It is advisable to compare the features, benefits and coverage of different plans before choosing the one that suits your needs and budget.
Below are the top 5 health insurance provider companies and top 5 cashless health insurance plans in India, which are considered the best based on some key parameters like their wide variety of health plans, wide coverage, and claim settlement ratio.
ICICI Lombard is a private sector health insurance company and is one of the largest general insurance companies in India.
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HDFC Ergo Health Insurance Co. HDFC Limited, one of India’s leading housing finance institutions, is a joint venture with Ergo International AG, the primary insurance arm of Munich Re Group.
Apollo Munich Health Insurance is a joint venture between Apollo Hospitals Group and Munich Health that offers various health insurance plans including travel insurance and personal accident insurance.
Star Health & Allied Insurance is a stand-alone health insurance company that offers various health insurance plans, including senior citizen plans and free insurance for people with existing health conditions.
Care Health Insurance formerly known as Religare Health Insurance is also a prominent health insurance provider in India offering an array of health insurance plans for individual families and senior citizens and is known for its innovative insurance products, easy claim settlements, and extensive network. Hospitals for cashless treatment. Care Health Insurance is backed by a strong parent company Corporation Bank and has a strong customer base in India.
Which Is The Best Health Insurance Policy In India?
The above health companies are the top health insurance providers in India and offer their best insurance products according to the various needs of people.
Although, these are the best plans, they differ in what is covered and what is not. The coverage provided by a health insurance plan can vary widely depending on the plan chosen.
This is the cost of hospitalization for a minimum of 24 hours and includes room rent, nursing and other hospital charges.
It covers the cost of treatments that do not require 24-hour hospitalization, such as chemotherapy, radiotherapy, and dialysis.
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It covers the cost of major surgeries including expenses