Best health insurance plans in India: In India nowadays every day almost every person faces any health-related issue as well as many other types of disease in this COVID-19 and that time everyone to buy the best health insurance that they help their family when they most need its but for that, every Indian mind strike when they planning to buy health insurance is which is the best plan because now it’s not an easy task to select one of the best insurance from the hundreds of company.
So here we discuss After analyzing so many parameters such as Incurred Claims Ratio (as per the latest IRDA Annual Report 2018-19), Sum Insured, Pre & Post-hospitalisation expenses, etc. below is the list of the best 10 health insurance plans in the Indian market that won’t disappoint you when you buy its.
Every year, 55 million Indians are pushed into poverty because they have to pay for their own healthcare because accidents can happen at any time. I am not an ‘agent’. So I am not going to try and sell you a policy but today by the end of this video, you will know exactly what you need to do to buy the best health insurance policy for yourself or your spouse, your children or your parents because in today’s post we are going to see
Best health insurance plans in India 2020
What is health insurance and what are the parameters Do you need to check before you buy one Best health insurance plans in India? A step-by-step procedure to pick the best health insurance policy. And towards the end, I’ll give you a Bonus Tip to ensure that you ‘touch-wood’ never have to claim health insurance.
Suppose you get hospitalized because of some illness or accident, then the expenditure is going to be in lakhs for the surgery, hospital room, medicines, tests, etc But if you have a health insurance policy then they will take care of all of these expenses for you and in return, they’ll charge you a small premium every year.
So obviously, health insurance is a smart thing to have because it saves your health and it saves your bank balance. But not every health insurance provider is good. So, let’s quickly see what are the 6 parameters that you need to check before you buy health insurance.
Don’t worry, I’ll also tell you where you need to check these parameters before buy Best health insurance plans in India Let’s start.
Claim Settlement Ratio
It is the ratio of the number of claims settled by the insurance company divided by the number of claims it has received So obviously, the higher this ratio, the more are the chances that your claim will also be settled by this company without any issues. Above 90% is a good number.
Network Hospital Covered
Now, there is something called a ‘cashless facility’ wherein, if that insurance provider has a tie-up with the hospital that you are admitted in then the hospital will directly send the bills to the insurance provider and you don’t have to pay anything.
But if there is no tie-up, then you have to pay the hospital bills first and then get it reimbursed from the insurance company. It is too much of a hassle if you are recovering or have a patient to take care of.
So make sure that your insurance provider has a tie-up with a large network of hospitals and that your favorite hospitals are covered in that network, especially the one’s that are closer to your home.
Hospital room eligibility
In some hospitals in a shared room and that other family was turning on the TV at high volume, had too many guests walking in It makes the patient uncomfortable, who is already in distress. so make sure that your insurance covers at least the cheapest private room available.
Health insurance policies cover pre-existing illnesses after a certain wait period For example: Suppose you have diabetes, then after 2-4 years of wait-period can you claim any hospitalization due to diabetes. So if you have any pre-existing illness, check that the waiting period of that insurance is as less as possible.
Family Floater Health Insurance Policy
Now, instead of buying separate policies, parents along with 2 minor children can be combined in one plan. In that plan, depending on the insurance provider each insured member will be given a separate coverage amount or all the members will share a combined sum.
For example, suppose its a policy of 10 lakhs for 5 members, so each of these 5 members can either have 2, 2 lakhs coverage each OR they can share 10 lakhs together no matter who claims.
The premium of such insurances is slightly higher but they are a money saver because you don’t have to spend on multiple policies. On a side note, if your employer is giving you a health insurance policy then check
if you can also include your parents in the same because in my opinion, your company will be able to negotiate with the insurance provider better than you more so if you do it as a group.
Along with the major surgical expenses a good policy also covers ambulance charges, pre, and post-hospitalization charges, and some even throw in a few health-checkups here and there.
Apart from these 6 generic parameters, the other parameters that vary from person to person that you need to check are these.
If you are planning a baby and want maternity expenses covered.If your family has a history of cancer and you want to be covered for chemotherapy, radiation, or any other specific critical illnesses.If you want day-care procedures like cataract surgery or even dental included.
I’ll give you a step-by-step procedure of how to find the Best health insurance plans in India
This was about health insurance. Now, there is something called a ‘Life Insurance’ wherein the company pays a lump-sum to the beneficiaries in case of the insured person’s death. So if you want me to make a separate video about how to choose the best life insurance policy
So here is a 4 step procedure to find your best health insurance policy.
Step 1: Write down what your requirements are like what hospitals you’d like, whether you want your parents included in your policy, do you want maternity expenses covered, what illnesses you want to cover, etc..
Step 2: Now go to these health insurance comparison websites like PolicyBazaar, Coverfox, etc. They will show you the list of insurances that will be best for you, according to your age and other details. Here you will find policies as low as Rs. 9000/- per year which is less than Rs. 25/- per day. But more than premium, check their feature and features not covered While you are at it, also google,
Step 3: Directly go the website of that insurance policy provider, call their executives, and tell them what your requirements are Talk to 3-4 executives (of different insurance providers) before you make a decision. They’ll only come to your office/home to give you the papers.
Top Best health insurance plans in India 2020
we are going to talk about the best health insurance plan of HDFC ERGO Health Insurance, Optima Restore.
Optima Restore is an award-winning plan,
A lot of new features have been added to this plan Due to which this plan has become even better And if you are looking for a good health insurance plan Because this plan has a lot of features that you will hardly get in any other policy.
when talking about the feature of the Optima Restore Plan, the first is the No Room Rent Limit If you are admitted to the hospital for any reason, then you will not have any tension of room rent There is no limit of any kind in room rent in this plan. Apart from this, there is no co-payment or sub-limit in Optima Restore. Just like it happens in some company’s plan, whatever your hospital bill becomes He is paid 5 or 10% So you have to pay that much money yourself.
So you do not have any such co-payment here and any kind of loading is also not done in optima restore due to claims or due to any disease. So no room rent limit, no co-payment, no sub-limit, and no loading You don’t have anything like this you will not have to put money out of your pocket at the time of claim
You can make the Optima Restore Policy a life long renewal the company cannot refuse you to renew the policy due to any illness or frequent clams or age In Optima Restore Plan, you get 60 days of pre-hospitalization and up to 180 days of post-hospitalization expenses.
That is, 60 days before the admission in the hospital and 180 days after the discharge, all expenses such as reports, x-rays are covered. So long cover that you do not get in any other.No clam bonus is up to 50% in Optima Restore,
if you do not clam in your policy for the whole year then your insurance amount will be 1.5%. And if you do not clam in it continuously for two years, the sum assured will be doubled. So if a big clam comes later then you get its benefit On this, you get ambulance expenses of up to 2000 rupees in this plan.
A de-ker treatment or an AC treatment or surgery that does not require admission to the hospital due to technology. For example, cataracts, stones, dialysis, etc. all treatments are covered in this plan. Whatever comes in the treatment or surgery day-treatment is covered in it. Donor expenses are also covered in Optima Restore if an organ transplant is performed. So the expenses of the donor are not covered in his policy.
So here the cost of hospitalization of that donor is also covered in Optima Restore. After this, the policyholder gets a free medical check-up of up to Rs 2500 every two years on the sum-assured of Rs 5 lakh. And every year the policyholder gets the benefit of free medical check-up of up to Rs 5000 on the sum of more than 10 lakhs.
After this, Restore Benefit is the most special cover of this plan. Which makes it different from other plans because it is named only because of this benefit, the Optima Restore. In the Restore Benefit, the policyholder gets the benefit of 100% even-restored restore. Suppose you have taken an insurance policy of 5 lakhs. So you will get 5 lakh more under Restore Benefit. In which if you clam 2 lakh, then your policy will be restored.
And again your sum-insured will be 5 lakhs. So in a year, you will be able to clam up to 10 lakhs. With this, you will also be able to avail cashless facility in more than 10 thousand network hospitals of HDFC ERGO Health Insurance in this policy. You also get the benefit of a large network of the cashless facility and fast re-employment claim settlement.
Optima Restore also has some add-on covers. You can also take it with a policy that has No NCB Down Claiming up to 50 thousand will be added to your No claim bonus policy, which will not be less than taking this cover.
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Some hospital expenses do not get clams for some non-payable items. If you take this add-on, then you will get the cost of all non-payable items in this policy. And the inflation cover in which your sum-insured increases every year according to the inflation. So this add-on is also present in the policy.
And Health Genie App of HDFC ERGO Health Insurance, with the help of which you get a soft copy of the policy, 80D certificate of cash-less Can download to your mobile. You can see the list of network hospitals, see clam integration, check clam status. You can chat with the doctor about any of your problems.
You can order medicines online and get a discount of 2 to 8% in renewal by step count. So you are looking for a good health insurance company and the best plan then you may like the Optima Restore Plan of HDFC ERGO Health Insurance.
Now, an important point.
Sometimes these executives are in a hurry to just sell you the policy. So it’s your job to read it carefully and fill in if you have any pre-existing illnesses because if you miss writing illness and if because of this, your claim gets rejected tomorrow then these executives cannot be held accountable because their job was only to sell you that insurance.
So don’t be in a hurry, read carefully and mention everything truthfully.
And Step 4: Do not forget to reap the tax benefits of paying your medical insurance premium under Section 80D. And that’s about it.
At last, I think you have clear all the points related to the Best health insurance plans in India Just eat at home, exercise for 20-30 minutes and sleep well every day and you can avoid most of the lifestyle diseases that our generation suffers from today. All the health insurance providers want the same thing for you to be healthy because even they don’t want to pay your hospital bills!
And I am sure you don’t want to get admitted either. After living in the hospital for 4 days and looking at all types of patients, I’ve realised that health is not wealth. It is MORE than wealth!
So today’s bonus tip is this Take care of your health because nobody else is going to do it for you.On that note, if you want to keep receiving more ‘Career’