Health insurance or medical insurance is a popular insurance plan that offers comprehensive protection against treatments that are very expensive. This lets the patient get quality treatment without worrying about expenses.
It saves you from the heavy medical expenses. Similar to insurance policies of any kind, a medical insurance policy also lets you select a plan for which you pay a premium, and you get benefits in return for that.
When going to buy the health insurance policies, you are bound to have many doubts. Doubts like how much insurance do you and your family need, where should you buy the health insurance policies from and whether you can afford the health insurance policies. It can also get very daunting to decide from among the various health insurance policies.
Apollo Munich Health Insurance
The insurance plan is today the number one insurance plan because of the many benefits that it offers. It is one of the most acclaimed health insurance plans and also offers the cashless facility. You can get various benefits when you choose this plan like restore benefits, no claim bonus and also plans that cover your entire family under a single health insurance plan.
The other features that the plan offers is no additional loading at renewal, an option to get 100% no claim bonus and great sum assured on the premium amount paid. There are many senior citizen plans as well that cover self and the spouse for a lifetime and also give discounts on every claim free year.
Max Bupa Health Insurance Company
This is a JV between Max Indian limited and Bupa which is a UK based healthcare provider. Bupa is one of the fastest growing heathcare companies in the country and if offers many health insurance schemes. These have various sum assured plans and also many deals that come under budget.
There are different health plans for heart ailments as well as complete hospitalization. The features and the benefits offered by the health insurance plan are unique and hard to find in other health insurance policies. The insurance plan covers the basic coverage as well as coverage for newborn, vaccination and many more features.
The thing that works to the benefit of the policyholder is that the company lets settlement of claims without any third party interference. There is also a healthy relationship program for those who are with the company for many years and have renewed their policy without any break in between.
This is a JV between Fairfax financial holdings limited and ICICI bank limited. It is one of the biggest general insurance companies in the private sector. They also provide many healthcare products that offer complete protection and health insurance. The policyholder can get maximum coverage through the health plans.
National Insurance Company Limited
This is a government-owned insurance plan and provides health coverage as well. Varishta mediclaim is one of the best health plans offered by the company, and it also has a good incurred claim ratio.
Bajaj Allianz Health Insurance
A JV between Allianz SE and Bajaj Finserv, the company boasts of its expertise and stability. They offer mediclaim policies as well as policies for senior citizens. One can also opt for a family health insurance plan through the company. The company also lets you get a lump sum in case the policyholder has any critical illness or a hospital cash facility where a fixed amount is received each day.
Religare Health Insurance
This is today one of the leading health insurance providers and was started by the Fortis hospitals. They give access to various health care services and have gained a reputation having served happy customers. One can get quality treatment in 4000 hospitals in the country when they opt for the scheme.
Cigna TTK Health Insurance Company Limited
This is new to the health insurance market and was launched in the year 2014. It quickly made a place for itself in the health insurance plans because of its high payout ratio and various benefits
New India Assurance Company Limited
This is a government-owned entity and has been serving customers since the year 1919. The company is known for its mediclaim policies. It also has a high incurred claim ratio.
Oriental Insurance Company Limited
This is a government-owned health insurance plan that offers many health insurance products to choose from. One does not need to go through a premedical check up till the age of 60.
Star Health & Allied Insurance Company Limited
The company has a high incurred claim ratio and also has an in-house claim settlement process. This deals with cashless claims in case of hospitalization. The company offers various exciting products.
There are many health insurance policies and selecting one among the thousands available is no easy task. You need to check various aspects of the claim settlement ratio, the past performance of the plan and reviews of the company before you decide one from the many health insurance policies. The list will help you choose from the top health insurance plans.