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  • Category: Insurance

    Which health insurance company is best in India?


    Interested to know about the best Health Insurance policies which cater the needs of a family? Check this ISC page to know more about the best options from our experts.

    I think you all accept that family medical expenses swallow one fourth of our salary. On seeing this I always have a fear on sudden huge unplanned medical expenses. I know that there are some tax exemption on health insurance. So, I have a plan to take a family health insurance policy. Which health insurance company is best and how to choose a best insurance policy in India? I need your tips and guidance.
  • Answers

    3 Answers found.
  • There are many insurance companies providing good health insurance policies in our country.

    One can choose among them. Before selecting the following aspects are to be seen.

    (1) Premium versus coverage - For a specific premium certain coverage for medical expenditures are provided. For more coverage premium is to be topped up. This is one important point and the customer should check this point as per his expectations.

    (2) Network of Hospitals allowed - Some companies have a good network of hospitals where treatment can be undertaken but others may have tie up with less hospitals. One has to check this point thoroughly.

    (3) Patient Room Rent - Some companies only allow partial room rent at the hospital and rest to be borne by the customer. This is an important point as room rents are high in good hospitals.

    (4) Other exclusions - This is like a fine print and there may be many things which are not allowed in the policy. So before finalizing a policy one should get them clarified with the insurance company agent.

    Presently, some of the reputed companies are offering many good products and some of these products are -
    Max Bupa Health Companion Individual.
    Royal Sundaram Lifeline Supreme. Aditya Birla Active Assure Diamond. Religare NCB Super Premium.
    Star Family Health Optima.
    Cigna TTK Prohealth Plus.
    Apollo Munich Optima Restore.
    Religare Care.
    HDFC Health Suraksha.
    Bajaj Allianz Family Floater health Guard.
    Oriental Insurance Happy Family Floater Policy.
    SBI LifeSmart Health Insurance.

    Knowledge is power.

  • The previous response is excellent has covered all points. A health insurance must be taken considering the premium, coverage, exclusion clause, network of hospitals, etc. However, I think that a person must also check critical insurance cover and geriatric health insurance. These factors are also becoming important.

    Nowadays many private insurance companies have come into the market and the cut-throat competition has started. If a person is willing to take a new health insurance, he/she has to a bit of research, and then take the appropriate health insurance for himself/herself and for the family. There is a Website named Policybazar.com which compares the health insurance policies on the basis of some pre-determined parameters.

    Beware! I question everything and everybody.

  • The benefits of health insurance are as follows:
    Health insurance takes care of our medical expenses and ensures out of pocket expenses will be reduced.
    We can avail cashless treatment at a network hospital without having to pay for them by us. The insurance company will pay for us. Pre and post hospitalization is also covered for a particular period as accepted in the Health Insurance plans.
    We can add-on products such as Personal Accident (PA) Cover, Critical Illness (CI) Cover and Top-Up by paying a nominal cost. There are senior citizen health insurance policies also which will ensure comprehensive security for elderly parents.
    Points to be considered before finalising the company for insurance;
    1. What is the amount insured in the policy?
    2. The amount of premium to be paid for the amount decided.
    3. The hospitals in which this policy will be accepted. How many are near our location and how good are the hospitals.
    4. How fast the company is finalising the claims. We should see the claims and settlements ration for understanding the time that is being taken by the company.
    5. What are the limits specified for different ailments commonly known as Sub-limits?

    There are many insurance companies who are offering these policies. You can see their websites and compare the points mentioned above and can decide on the company.
    1. Apollo Munich Health Insurance Company Limited.
    2.Star Health and Allied Insurance Co Ltd.
    3.Future Generali India Insurance company Ltd
    4. Bajaj Allianz general insurance Co Ltd.
    5 Cigna TTK
    6. National insurance Co Ltd.
    7. The New India Assurance Co Ltd.
    8. The Oriental Insurance Co Ltd
    9. Reliance General Insurance Co Ltd
    10. Royal Sundaram Insurance

    drrao
    always confident


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