Different people have different health insurance needs depending on their family size and age. So keeping in mind their needs, I have different mediclaim policy or health insurance plans in 4 categories.
Best Health Insurance Plan in India
- Best family floater health insurance plan in India
- Best Health Insurance for Individuals in India
- Top Up / Super Top Health Insurance Policy
- Best Health Insurance Plan for Parents (Senior Citizens)
Before going on the list, consider the important factors that you should consider before buying the best health insurance policy in India.
5 factors you should consider when buying the best health insurance plan in India
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# 1. Claim Settlement Ratio (CSR): It is the ratio of the total number of claims set by the insurance company to the total number of claims received in a single period of time.
Expert’s Tip: A high CSR indicates that the company is more likely to settle the claim without any hassle.
# 2. Estimated Claim Ratio (ICR): It is the ratio of the total amount of claims received by a company to the total premium collected over the same period. A higher ICR indicates that an insurance company is more likely to accept new customers, shorter waiting periods for pre-existing diseases, and more likely to issue policies for people with pre-existing diseases.
# 3. Network Hospitals: An insurer in each city should have good hospitals in its network, catering to different classes of people. Networked hospitals should include nursing homes, day-care centers, and multi-specialty hospitals.
# 4. Waiting period for pre-existing diseases: This is one of the most important factors in the form of a long waiting period for pre-existing diseases, which means that you cannot claim hospitalization, even if you pay a premium. Are paying
Expert Finding: 2 years is the waiting period for the pre-existing disease to be covered. However, there are some insurers who also specify the waiting period as 4 years.
# 5. Cost of premiums: Premiums, no doubt, vary among insurers, but what matters is the premium we pay. The premium should cover a fairly acceptable room rent in any city, medical and surgical costs, and also cover general treatment costs such as cataract, knee surgery, dialysis, etc.
The insurer should have a variety of plans available that are suitable for different classes of people such as individual health plans, family floater plans, senior citizen health plans, top-up plans and some health conditions such as those with cancer and heart Are suitable for people. Disease.
Top 5 Best Health Insurance Companies in India 2020
Come see what fits our needs from the list of best health insurance companies in India.
# 1. Religare Health Insurance
Dharmare Health Insurance
Religare Health Insurance is one of the best health insurance in India that provides coverage for Health Insurance, Critical Illness, Personal Accident, Top-up Coverage, International Travel Insurance and Maternity along with Group Health Insurance.
Religare has a claim settlement ratio of 93% and a high ICR 51.97%. Religare’s network consists of more than 5420 hospitals.
Get Religare Health Insurance at the best price
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# 2. Tata AIG
Tata AIG Insurance is a reliable 20-year joint venture between Tata and AIG Group, rated iAAA by ICRA for highest contender payment potential. The personal death claim ratio was 96.12% for 2018-19.
The company has access to 4000+ network hospitals.
# 3. Max Bupa
Maximum Bupa Health Insurance
Max Bupa Insurance provides coverage for many illnesses, access to hospital networks, and cashless claims.
Max Bupa has a claim settlement ratio of 91.2% and a high ICR of 51.96%. Max has more than 3000 hospitals in its network.
# 4. ICICI Lombard
icici lombard health insurance
ICICI Lombard has a network of 4500+ hospitals to avail cashless facilities.
According to IRDA, 98.32% of the claims received should be settled. It has a very high ICR of 80.38% indicating that people are renewing the policy and also making claims.
# 5. Star Health Insurance
Star Health Insurance
Star Health Insurance Company offers a wide range of health insurance policies for individuals, families, senior citizens and those who require specialized care of heart patients and cancer patients.
Star has a high claim settlement percentage of 98.72% and an ICR of 60.51% with 8.5+ hospitals on its network.
Best family floater health insurance plan in India
# 1. Religare (CARE) Comprehensive Health Insurance Scheme
Religare (CARE) Comprehensive Health Insurance is the best family floater plan in India that offers a wide range of insurance amounts starting from Rs. 3 lakh to Rs. 6 crores.
So you will have the flexibility to choose the sum insured based on your actual needs.
There are different floater care plans for different insurance amounts.
Super Saver – For an insured amount of Rs. 4 million
Altogether Rs. 5, 7 and 10 lakhs
Elite Poo – for an insured amount of Rs. 15, 20, 25, 30 and 40 Lakhs
Global – For an insurance sum of Rs. 50, 60 and 75 lakhs
Global Plus – For an insured amount of Rs. 1, 2, 3 and 6 crores.
Super Save is a basic plan.
The elite plans have ambulance cover, organ donor cover, higher range of alternative treatments. Elite Plus Maternity Cover will be available for Rs. Covers up to. 1 Lac.