Health insurance plans are an important part of your life. They can be the difference between you being able to afford medical care and having to go without. If you’re looking for health insurance, it’s important to compare different companies’ offers. Quality of care, deductibles, co-pays, and coinsurance all play a role in what plan will work best for you. Here are 10 of the most popular health insurance policies in India for 2019.
1. Early Cover Early Cover
Early Cover is a health insurance company that offers several different plans. They offer a 10% discount on premium if you sign up before March 31st. Their plans range from Rs. 1,000 to Rs. 3,000, with the higher end plans offering more coverage and lower deductibles.
Early Cover offers various plans for students, professionals, and those looking for specific coverage. Plans include dental, food, travel coverage, and more traditional health care such as hospitalization and maternity care.
2. Family Health Optima
The Family Health Optima plan offers a high deductible and no coinsurance. This plan is best for people who want to save money and have a lower monthly premium. It’s not for someone who has an expensive health care need.
Family Health Optima offers a good plan for people who want to save money on their monthly premium by having a higher deductible. A higher deductible means the patient will pay more out-of-pocket for their medical expenses.
This plan offers a high deductible and no coinsurance, so this is not the best option for someone with expensive health care needs. Family Health Optima is a good plan for people who want to save money on their monthly premium by having a higher deductible.
3. Young Star Individual Silver
Young Star Individual Silver is one of the most popular plans for those living in India. They offer a Silver plan with a deductible of Rs. 30,000 and a maximum payout of Rs. 2,00,000. This plan also has a maximum co-pay of Rs. 40,000 and a maximum coinsurance of Rs. 40,000.
Young Star is an excellent company with an excellent product offering. They offer a competitively priced individual silver plan with several inclusive benefits. Young Star is the perfect company for those who need health care without breaking the bank.
4. Comprehensive Individual
Comprehensive individual health insurance provides coverage for the insured and their spouse and children and will pay benefits for hospitalization, surgical procedures, and other medical expenses.
It is very expensive and often requires a large deductible. It pays the most benefits of all the policies, but it also has the highest premiums.
5. Reassure Individual/floater
Reassure Individual/floater: This plan is perfect for people with pre-existing medical conditions because it offers comprehensive coverage. It also covers expenses for people who are traveling outside of India.
This plan is also great for people with an unstable income because it doesn’t require a steady monthly income. But, this plan has a high deductible and coinsurance, so it may not be the best for people looking to save on their monthly premium.
6. Max Health Companion
Max Health Companion is an annual health insurance plan offered by Max Life Insurance. This plan offers a coverage of up to Rs. 10 lakh. In addition, this plan covers a variety of medical needs, including hospitalization, surgical procedures, and emergency hospitalization.
In terms of medical care, the plan has a tiered system which allows for increased coverage for a higher cost. For example, tier 1 covers a deductible of Rs. 50,000 and a co-pay of Rs. 3,000 for outpatient treatments.
The higher the tier, the higher the deductible and co-pay amounts. This is a unique way to customize your health insurance needs to meet your healthcare desires and budget.
7. Care Health
Care Health is a plan available in Delhi, Bangalore, Hyderabad, and Jaipur. The plans offered are Care Health Plus, Care Health Plus Plus, Care Health Plus FamilyCare Plus, and Care Health First. Each plan has a different deductible amount. Smaller plans have a deductible of Rs. 3 lakh while the larger plans have a deductible of Rs. 6 lakhs.
This plan has significant coverage limits for all medical expenses except lifetime benefits up to Rs 3 lakh that are covered under the hospitalization coverage provided by the plan.
8. Royal Sundaram
Royal Sundaram offers a plan for those who require major medical coverage. This plan is perfect for those whose needs are more than just hospitalization and want to take advantage of their benefits. Royal Sundaram is a health insurance company that has been around since 1846 and has a great product offering.
Royal Sundaram offers various plans covering different medical needs and uses a tiered system to offer higher coverage for higher costs. A high deductible and low co-pay mean this is not the best option for expensive healthcare needs.
9. Raheja QBE
Raheja QBE is a good option for someone with a special need or medical condition. It has a nice selection of plans and coverage. The lowest cost plans on the market come with hospitalization, maternity, life cover, and a few pre-existing conditions. However, some monthly costs may be difficult for some people to afford.
10. Universal Sompo
Universal Sompo offers a plan with a large deductible and high co-pay that is great for those who need severe medical Cover. The plan has several extra benefits such as domestic and overseas air travel insurance, repatriation benefits, and about 20 other extra coverages to offset the high costs.
Health insurance is important for everyone, but especially those living in India. With over 1.2 billion people, the need for health care is great. However, there are many companies offering health insurance throughout India at different costs and coverage levels.
It’s important to choose the right plan for your personal needs and budget. Also, be sure to take advantage of flexible billing options to cover you should you get sick or injured.
Remember, even though many of these plans sound too good to be true, they might just be the plan that saves your life or that of a family member or friend if something tragic were to happen.