It is important to keep oneself protected against the uncertainties of life. Unforeseen incidents and accidents often lead to huge medical bills and other associated expenses. This is where health insurance comes to the rescue. A health insurance policy provides coverage against medical bills, hospitalisation expenses, death and so on.
Health insurance has become a basic need in today’s world. More and more people are purchasing health insurance plans for themselves and their loved ones. In India, there is a wide gamut of different types of health insurance provided by different insurance companies. Needless to say, this wide range of health insurance plans is to cater to individual health insurance needs.
Best types of health insurance plans
Here are some of the best types of health insurance plans in India.
Individual Health Insurance
One of the best types of health insurance you can find in India is individual health insurance plans. As the name suggests, this policy provides coverage for individuals. It bears all the cost in relation to hospitalisation, injuries or illnesses, daycare costs and other medical expenses.
Family Floater Health Insurance
Family floater health insurance plans provide coverage for you, your spouse, children, mother and father. Some family floater plans allow you to add your in-laws and other family members who are financially dependent on you. The family floater plan is perhaps the most affordable health insurance policy in India. The reason is that the premium is relatively much lower, even while covering you and your family members. If you want to insure all your family members, it is better to opt for a family floater instead of individual plans. A family floater, as said earlier, is much cost-effective and is more convenient than individual plans as you will not have to maintain different plans.
Group Health Insurance
Apart from your blood family, you should also spare a thought for the ones you spend a lot of time with inside your workplace. The group health insurance is for you if you are an employer and want to secure a good healthcare plan for your employees. With a low premium, many insurance companies allow the holder to refill the insured sum, even after it being extinguished a number of times. The plan covers hospitalisation due to illness, psychiatric illness, and even maternity. This plan not only safeguards the health of your employees but also builds a sense of goodwill around your workplace. Hence it epitomises health India insurance.
Senior Citizen’s Health Insurance
As the name suggests, this one is for seniors above 60 years of age. If your parents or grandparents fall in this age group, you may very well buy this plan. One of the main reasons behind its high cost is the tendency of seniors to fall ill at such an age. The plan covers hospitalisation charges due to illness and other benefits like Domiciliary Hospitalisation and Psychiatric help. Some companies have made it mandatory to perform a full body check-up before they sell the plan, and the maximum age limit for eligibility has been increased to 70 years. It is surely a good health insurance policy for your aged parents or relatives.
Maternity Health Insurance
Amongst the many types of health insurance, maternity insurance can be taken as a rider to a basic plan. All the costs incurred in the prenatal, delivery, and postnatal stages are covered by this plan. Additionally, expenses on terminations, infertility charges, and coverage for the newborn for the first 90 days are also covered under the policy. Newly-weds or families planning to bring in a bundle of joy amidst themselves should think to get this plan, whose minimum waiting period is two years.
Best health insurance policies
Now that we have talked about the different types that one can choose from, it is imperative to talk about the best health insurance in India provided by some of the premium companies in the country. Each has its specific benefits, and anyone could be the best one for you and your needs.
Religare Health Insurance
Now known as Care Health Insurance, it provides a wide variety of insurance plans that cater to everyone’s needs. Some of the well-acclaimed plans that this company offers are the Critical Illness Insurance which covers 32 critical illnesses along with psychiatric counselling, the Individual Health Insurance, which provides comprehensive coverage including Ayush treatment, with access to more than 15500 cashless healthcare providers, and a Health Insurance package that covers the hospitalisation charges due to Coronavirus, supplemented with the option of an annual check-up. All these multifarious policies can be considered as some of the best individual health insurance plans.
Aditya Birla Health Insurance
A stalwart in the industry of health insurance, the Aditya Birla Group, is yet another respectable firm that cares for the health of its customers. With a hospital network of over 8200 under its wing, the services provided by them are many. They include a cashless hospitalisation network, facilities at diagnostics centres, and special rates on medicines across a vast network of pharmacies present pan-India. Some of the well-known plans are the Activ Assure Diamond Plan that covers charges for domiciliary hospitalisation, vaccinations, a health coach, and even day-care treatments, the Activ Care plan, which is further divided into Standard, Classic, and Premier, each having their own benefits, and the Corona Kavach policy that covers expenses for PPE kits and masks, hospitalisation, and home care treatment.
These were just some of the well-renowned companies and their respective plans. With the ever-growing market, there is the presence of many other firms that provide the best health insurance in India. One such firm is LKP Securities. They are known for their premium health insurance plans for the whole family, and that too at highly affordable rates! The seasoned experts at LKP are of the opinion that the best way to secure your family’s future and make them financially independent, especially in terms of health, is to get a good healthcare plan. With partners like Religare Health Insurance and Aditya Birla Health Insurance, do not hesitate to get your health secured by the trustworthy hands at LKP.
Hence we see that securing not only the best but also the most feasible health plan for you and your loved ones is of the utmost importance. You have already witnessed the versatility of health India insurance, and the array of different insurance companies that provide some of the top plans at affordable rates. So without wasting another thought, go and get a policy that puts a smile on your family’s face in the days to come.