Best Health Insurance Company in India

Best Health Insurance Plans: How to Find the Right Coverage for You

22 February, 2023

65 Shares

256 Reads

Best Health Insurance Plan

Share

A health insurance policy is a product that protects you from the financial consequences of a wide range of health-related expenses, from minor illnesses and injuries to severe conditions. They are intended to provide coverage for medical expenses that may arise due to illness or injury and can vary in terms of premiums, deductibles, and other coverage. Health insurance plans in India also cover a range of preventive services, such as regular check-ups and vaccinations, to help ensure that individuals and families stay healthy. With so many health plans available, comparing plans and finding the right one that meets your needs and budget is essential.

 

What is Health Insurance?

Health insurance is a means for paying medical expenses by contributions or taxes put into a shared fund to pay for all or a portion of the health services specified in an insurance policy or legislation. 

 

Most health plans have the following components: 

 

  • Prior payment of premiums or taxes 
  • Pooling of funds
  • Eligibility for benefits based on contributions or work.

 

Healthcare policy can cover a limited or complete range of medical services, and it covers the full or partial cost of individual services. Benefits include the right to certain medical services or payment for specific medical costs incurred by the insured.

 

Need for a Health Plan

There is excellent unpredictability around one's health, and it is nearly hard to control health-related expenses. However, by getting insured with an appropriate health plan, you can obtain some control and security over your and your family's healthcare spending. The best health insurance plan provides protection against sudden medical emergencies. There are numerous reasons you should get medical insurance, and here are a few of them:

 

Change in Lifestyle

With the ever-increasing pressures of modern life, the range of health-related dangers we face has dramatically expanded. There is no shortage of disorders that can lead to high medical costs, ranging from lifestyle disorders like obesity and eating disorders to pollution-induced conditions like asthma.

 

Benefits on Tax Deductions

Insurance protects you from the financial consequences of a medical emergency. It also gives considerable healthcare tax benefits. While premiums for medical insurance plans for senior persons are tax deductible up to Rs. 50,000, those paid for individuals under the age of 60 have a tax deduction under Section 80D of the Income Tax Act of 1961.

 

Factors to consider for choosing the best health insurance plan

Premium

The goal of purchasing an insurance plan is to decrease financial hardship in the event of a future medical emergency. You must select a plan with an inexpensive premium to keep your insurance for a more extended period without financial concern.

 

Sum Insured

The sum insured should be carefully determined because it covers medical expenses incurred by you and your loved ones during the policy term. You should consider your income and age when deciding on the sum insured for your medical insurance policy. Check that the sum covered is adequate and the premium is not overly high.

 

Claim Process

Always analyse the number of claims settled by the medical insurance business before purchasing a health plan. The fundamental objective of purchasing an insurance policy is to be financially protected against unforeseen severe illnesses. It is helpful for the insured if the claim settlement process is smooth. You should also search for excellent customer service.

 

Family Members Covered

You must consider the family members the insurance benefits will cover. You can obtain coverage for yourself, your lawfully married spouse, children, parents, and grandparents through family insurance plans. Furthermore, age, current diseases, and family medical history are essential considerations.

 

Add-on Benefits

Add-ons are extra benefits you can put in your health plan to provide more comprehensive coverage. You can freely select them by paying an additional premium during policy acquisition.

 

Benefits of Coverage

Varied plans have different features, which you should select based on your needs. In-patient hospitalisation expenses, pre-hospitalisation and post-hospitalisation expenses, road ambulance expenses, childcare expenses, domiciliary expenses, and other perks are every day, covering benefits under insurance policies.

 

Lifetime Renewability Advantage

Older people are more susceptible to ailments than younger people. You must purchase an insurance policy with a lifetime renewability benefit to avoid purchasing a new one at a higher cost.

 

Exclusions

Conditions that are not covered by your health plan are exclusions. When selecting insurance, choose the one with the fewest exclusions. Treatment due to self-harm, treatment required due to involvement in adventure sports, and so on are some common exclusions even under the best health insurance plans.

 

You wouldn't want your medical expenditures to eat away at your savings or force you into a financial crisis to pay them, would you? Therefore it is necessary to get a decent insurance plan, choose the suitable sum insured, pay the required premium, and get insured as soon as possible. Platforms like Niva Bupa can assist you in providing the best health insurance plan.

Start Your Insurance Today!

Secure your Health with comprehensive insurance plans from Niva Bupa

+91
Disclaimer infoBy clicking Start Now, you authorize Niva Bupa to Call/SMS/Whatsapp on your registered mobile overriding DNCR.

You may also like

Popular SearchesHealth InsuranceMedical Insurance Best Health Insurance PlansHealth Insurance PlansHealth Insurance PolicyBest Health Insurance PlansBest Family Health InsuranceBest Mediclaim PolicyBest Health Insurance In IndiaBest Medical Insurance In IndiaBest Health Insurance Plans In IndiaBest Health Insurance Policy In IndiaMediclaimBest Health Insurance For Senior Citizens In IndiaBest Health InsuranceHealth Insurance With Opd CoverMediclaim InsuranceMedical Insurance PlansBest Health Insurance Company in IndiaCritical Illness InsurancePersonal Accident InsuranceMediclaim PolicyIndividual Health InsurancePregnancy InsuranceMaternity Insurance | | Best Family Health Insurance plans in IndiaBest Health Insurance companyFamily Health InsuranceBest Health Insurance plans for Senior CitizensMediclaim Policy for Family

 

Health Insurance SchemesChief Ministers Comprehensive Health Insurance SchemeEmployee State Insurance SchemeSwasthya Sathi SchemePradhan Mantri Matru Vandana YojnaGovernment Health Insurance SchemeDr. YSR Aarogyasri SchemePradhan Mantri Suraksha Bima YojnaHealth Insurance DeductibleWest Bengal Health SchemeThird Party AdministratorRashtriya Swasthya Bima YojanaIn Patient Vs Out Patient HospitalizationMukhyamantri Chiranjeevi YojnaArogya Sanjeevani Health InsuranceCopay Health InsuranceCashless Health Insurance SchemeMukhyamantri Amrutum Yojna

 

Travel Insurance PlansTravel InsuranceInternational Travel InsuranceStudent Travel InsuranceTravel Insurance USATravel Insurance CanadaTravel Insurance ThailandTravel Insurance UKTravel Insurance GermanyTravel Insurance BaliTravel Insurance VietnamTravel Insurance DubaiTravel Insurance SingaporeSchengen Travel Insurance

 

Top Hospitals -  Best Hospitals in ChennaiTop Hospitals in DelhiBest Hospitals in GurgaonBest Hospitals in IndiaTop 10 Hospitals in IndiaBest Hospitals in HyderabadBest Hospitals in KolkataBest cancer hospitals in BangaloreBest cancer hospitals in HyderabadBest cancer hospitals in MumbaiBest cancer hospitals in IndiaTop 10 cancer hospitals in IndiaTop 10 cancer hospital in DelhiMulti Speciality Hospitals in MumbaiMulti Speciality Hospitals in ChennaiMulti Speciality Hospitals in HyderabadSuper Speciality Hospitals in DelhiBest Liver Hospitals in DelhiBest Liver Hospitals in IndiaBest Kidney Hospitals in IndiaBest Heart hospitals in BangaloreBest Heart hospitals in IndiaBest Heart hospitals in KolkataBest Heart hospitals in Delhi


OthersTop Up Health Insurance PolicyCorporate Health InsuranceHealth CardSection 80d of Income Tax ActAyushman BharatHealth Insurance PortabilityGoActive Family Floater PlanHealth Companion Family Floater PlanHealth Premia Family Floater PlanHealth Pulse Family Floater PlanHealth Recharge Family Floater PlanHeartbeat Family Floater PlanMoney Saver Family Floater PlanSaral Suraksha Bima Family Floater PlanSenior Citizen Family Floater PlanSuper Saver Family Floater PlanCorona Kavach Family Floater PlanHospital Cash InsuranceCashless Health InsuranceHealth Companion Price revision | Heartbeat Price revision | ReAssure Price revision 

 

COVID - OmicronCoronavirus Health InsuranceCovid XE VariantNorovirus

footer logo
Some image

www.nivabupa.com

Some image

+91 11 41743397

Some image

1860-500-8888

Some image

14th Floor, Capital Cyberscape, Sector 59, Gurgaon

  • Insurance is a subject matter of solicitation. Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company Limited) (IRDAI Registration Number 145, Category:Health), 'Bupa' and 'HEARTBEAT' logo are registered trademarks of their respective owners and are being used by Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company Limited) under license. CIN: U66000DL2008PLC182918
  • 1 Niva Bupa processes pre-authorisation requests within 30 minutes for all active policies, subject to receiving all documents and information(s) up to Niva Bupa’s satisfaction. The above commitment does not include pre-authorisation settlement at the time of discharge or system outage.
  • 2 Since Inception refers to claim data from 2010 till December 2023.
  • 3 ReAssure 2.0 Premium: The premium is including taxes and for Bronze Variant, for a 25-year-old individual living in Delhi.
  • 4 Aspire Premium: The premium is including taxes and for Gold+ Variant, for a 25-year-old individual living in Delhi.
  • 5 Senior First Premium: The premium is including taxes and for Gold Variant, for a 65-year-old individual living in Delhi.
  • 6 Health Premia Premium: The premium is including taxes and for Silver Variant, for a 25-year-old individual living in Delhi.
  • 7 SmartHealth + Disease Management Premium: The premium is including taxes and for Disease Management Gold Variant rider when bought with ReAssure 2.0 Bronze variant with Base Sum Insured of 5 lacs, for a 25-year-old individual living in Delhi.
  • Beware of spurious / fraud phone calls! Do not share your confidential information like Debit / credit card number, Internet Banking User ID/Password, Pin, CVV, OTP, etc. with anyone. Avoid clicking on attachments / payment link received in mails / message from unknown sources. IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment or premium. Public receiving such phone calls are requested to lodge a police complaint. Do not respond to unsolicited and attractive offers received through unidentified calls, emails, SMSs, and other social media platforms. Beware of misleading telephone calls from people posing as Niva Bupa officials, agents, IRDAI Officials, Officials from ECI (Office of the Executive Council of Insurers) etc. and offering alluring benefits or sharing false information on your policy or on Niva Bupa. Niva Bupa shall not be responsible for any loss or damages whatsoever for any acts or omissions arising out of such spurious calls, and all customers are advised to contact our customer care at 1860-500-8888 and verify any representations or promises made by any such spurious callers before acting upon the same.
Social IconSocial IconSocial IconSocial IconSocial Icon