Medical insurance plans in India are designed to provide financial protection against medical costs, hospitalisation expenses, and other related expenses as it is very difficult for a person falling in middle income group category to cope up with the high hospitalization costs and expenses. These plans include family health insurance plans, individual plans and group plans.
They provide coverage for various health-related needs, such as hospitalisation, doctor visits, prescriptions, surgical expenses, laboratory tests and other related expenses. There are a variety of insurance plans available in India, including individual, family, and group plans.
Finding the best medical insurance policy for family can be a daunting task. With so many options, it can be challenging to decide which plan is right for your family. The best medical insurance plans for the family usually cover all members of the family and cover a variety of medical expenses.
Types of Health Insurance Plans Available in India
The importance of having medical insurance in India cannot be overstated. Without medical insurance, individuals and families are exposed to high medical bills if they become sick or injured.
Here are some common types of health policies available in India:
- Government Insurance Plans – Government provides several insurance plans to its citizens, which include the Central Government Health Scheme (CGHS), the Employees’ State Insurance Scheme (ESIC) and the Rashtriya Swasthya Bima Yojana (RSBY). These plans provide coverage to government employees and their families and the poor and needy. They cover a range of medical expenses, such as hospitalisation, medicines, diagnostic tests, and specialist consultations.
- Private Insurance Plans – Private insurance plans are offered by insurance companies in India, such as Niva Bupa Health insurance, Bajaj Allianz, ICICI Lombard, and Star Health, among others. These plans cover hospitalisation, medicines, tests, and other medical expenses.
- Senior Citizen Health Insurance Plans – In India, senior citizens can opt for unique health insurance plans offered by various insurance companies. These plans provide coverage for hospitalisation expenses, pre- and post-hospitalisation expenses, and discounts on medical bills. These plans are designed to meet the specific needs of senior citizens, and the premiums are usually lower than those of regular health insurance plans.
New Age Medical Plans
In India, the emergence of new medical health plans has been seen in recent years. The rising cost of healthcare and the need for more coverage has brought about this trend. New-age medical plans are designed to cover medical expenses, such as hospitalisation, pre- and post-hospitalisation, daycare treatments, critical illness, dental and pregnancy coverage, and more. Here are seven health insurance plans in India that comprise the best-suited facilities for the latest medical emergencies:
Niva Bupa Heartbeat Plan
This is a health insurance plan offered by Niva Bupa. It is designed to provide extensive coverage for medical expenses incurred due to various illnesses, accidents and other medical emergencies. The plan offers a range of benefits, including cashless hospitalisation, coverage for pre and post-hospitalisation expenses, coverage for day-care treatments and maternity benefits. It also offers coverage for critical illnesses, including cancer, stroke, heart attack and major organ transplants. The plan also offers coverage for emergency ambulance services and annual health check-ups.
Apollo Munich Optima Restore Plan
It is an all-around health insurance plan that offers comprehensive coverage to individuals and families. It provides coverage for hospitalisation, pre and post-hospitalisation expenses, daycare treatments, domiciliary treatments, organ donor cover, adult daycare cover, maternity cover, and health check-ups. The plan also provides coverage for outpatient treatments and includes a no-claim bonus and a restore benefit.
Star Health Red Carpet Plan
This plan provides coverage for hospitalisation and related expenses. The plan also covers pre and post-hospitalisation expenses, daycare procedures, ambulance charges, and even covers pre-existing conditions. The plan also comes with flexible premium payment options and provides the policyholder with the option of paying premiums in monthly, quarterly, half-yearly, or annual instalments.
HDFC ERGO Health Suraksha Gold Plan
HDFC ERGO Health Suraksha Gold Plan is a wide health insurance policy that provides you with extensive healthcare coverage. The plan offers coverage for medical expenses incurred during hospitalisation and daycare treatments. It also provides coverage for pre and post-hospitalisation expenses, ambulance charges, health check-ups and alternative therapies.
Bajaj Allianz Family Floater Plan
Bajaj Allianz Family Floater Plan is a great medical insurance policy for families in India. This plan covers up to five family members, including spouses, children, parents, and siblings. It offers coverage for pre and post-hospitalisation expenses, day-care procedures, organ donor expenses, and Emergency Ambulance expenses. The plan also has several additional benefits, such as maternity cover, coverage for chronic illnesses, and cover for outpatient treatments. It is the best medical insurance policy in India for family.
ICICI Lombard Complete Health Insurance Plan
This is a complete health insurance plan that provides overall coverage for medical expenses. The plan covers all medical expenses related to hospitalisation due to illness or accident, including room and boarding charges, diagnostic tests, doctor’s fees, and prescription drugs. It also covers expenses incurred during international travel and medical evacuation.
Tata AIG MediCare Plan
Tata AIG MediCare Plan is a health insurance plan offered by Tata AIG General Insurance Company Limited. This plan covers medical expenses, hospitalisation, and other related costs. The plan covers pre and post-hospitalisation expenses, day-care treatments, ambulance charges, and coverage for critical illnesses. It also provides coverage for in-patient hospitalisation, domiciliary hospitalisation, and overseas treatment.
This blog provides a complete overview of the seven best medical insurance plans in India. These plans offer coverage for medical emergencies, hospitalisation expenses, pre and post-hospitalisation expenses and daycare treatments. These plans provide a range of options for individuals and families, so they can choose a plan that suits their needs.