Which Health Insurance Plan is Best for You?
11 May, 2023
1 Shares
125 Reads
Share
A health insurance policy is a financial tool that protects you from the costs associated with a variety of health-related expenses resulting from mild illnesses and injuries to major diseases. Therefore, if you have a significant medical bill, your health insurance coverage and accumulated bonus safeguard your financial security.
Choosing appropriate health insurance in India is challenging but crucial if you want to be well-prepared for any unexpected medical emergency and, in some situations, anticipated medical bills. Imagine receiving a diagnosis of a severe illness that calls for ongoing care, a stay in the hospital, and surgery. To protect yourself from debt and massive hospital bills, you must buy health insurance that covers the maximum medical treatment expenses. The best health insurance will support your financial condition and provide world-class treatment for medical emergencies.
What do you mean by Health Insurance?
A medical or health insurance policy is an agreement wherein the insurance provider commits to cover the insured's medical costs should they become ill or injured and need emergency care. Health insurance firms partner with networks or chains of hospitals practically everywhere so that covered patients can receive care without paying cash.
Need for Health Insurance
One's health is surrounded by so much uncertainty that it is practically impossible to have any control over medical costs. However, once you've signed up for an appropriate health insurance plan, you'll be able to exert some control and feel more secure about the costs of your family's medical treatment. There are infinite ways to respond to the question "why you need health insurance," but here are a few of them:
Rising Medical Costs:
In recent years, India's medical inflation has not only kept up with but well outpaced that of its retail equivalent. The price of prescription drugs, physical exams, hospital stays, and procedures keeps rising. Instead of paying such outrageous medical costs out of your pocket, it makes more sense to pay the minimal health insurance subscription and become insured. To ensure your financial security both during and after a medical emergency, it is essential to enrol in a health insurance plan.
Cashless Treatment:
The ability to pay for medical emergencies without cash has made the process simpler. You can get cashless treatment through our nationwide network of hospitals without submitting an insurance claim and waiting for your payments to be paid back.
Tax Benefits:
Best health insurance protects you from the financial effects of a medical emergency and offers you significant tax advantages.
What is the Best Way to Choose the Best Health Insurance Plan?
The best health insurance plan should be chosen after taking into account a variety of aspects. Some key parameters are listed below:
The sum insured amount:
It is preferable to search for policies that give both the minimum and maximum levels of coverage since you can select the appropriate sum insured to pay anticipated medical costs.
Availing of cashless services at network hospitals:
The most significant health insurance plan offers a sizable network of hospitals and guarantees cashless services. Finding a network hospital in your neighbourhood and making use of the cashless claims can thus be made more accessible.
Premium:
The policy's premium must be reasonable compared to other insurance plans. Take into account both the cost of the premium and the benefits of the coverage when calculating the premium rate.
Pre-existing waiting time:
If you or a family member has a pre-existing condition, it is advisable to select a plan with a shorter waiting period so that you can start receiving coverage for these conditions as soon as possible.
Add-on riders:
Many health insurance plans allow you to enhance your policy coverage by including extra riders. To tailor your coverage to your needs, seek policies that allow you to add additional riders.
The cost of healthcare is rising so quickly in the modern era that purchasing a health insurance policy that can cover your medical costs is crucial. There are many policies of health insurance in India that shield you and your loved ones from high hospital charges while enabling you to live a happy and secure life. There's a chance that when it comes time to get medical insurance coverage, you can always choose from platforms like Niva Bupa.
Secure your Health with comprehensive insurance plans from Niva Bupa
Popular Searches - Health Insurance | Medical Insurance | Best Health Insurance Plans | Health Insurance Plans | Health Insurance Policy | Best Health Insurance Plans | Best Family Health Insurance | Best Mediclaim Policy | Best Health Insurance In India | Best Medical Insurance In India | Best Health Insurance Plans In India | Best Health Insurance Policy In India | Mediclaim | Best Health Insurance For Senior Citizens In India | Best Health Insurance | Health Insurance With Opd Cover | Mediclaim Insurance | Medical Insurance Plans | Best Health Insurance Company in India | Critical Illness Insurance | Personal Accident Insurance | Mediclaim Policy | Individual Health Insurance | Pregnancy Insurance | Maternity Insurance | | Best Family Health Insurance plans in India | Best Health Insurance company | Family Health Insurance | Best Health Insurance plans for Senior Citizens | Mediclaim Policy for Family
Health Insurance Schemes - Chief Ministers Comprehensive Health Insurance Scheme | Employee State Insurance Scheme | Swasthya Sathi Scheme | Pradhan Mantri Matru Vandana Yojna | Government Health Insurance Scheme | Dr. YSR Aarogyasri Scheme | Pradhan Mantri Suraksha Bima Yojna | Health Insurance Deductible | West Bengal Health Scheme | Third Party Administrator | Rashtriya Swasthya Bima Yojana | In Patient Vs Out Patient Hospitalization | Mukhyamantri Chiranjeevi Yojna | Arogya Sanjeevani Health Insurance | Copay Health Insurance | Cashless Health Insurance Scheme | Mukhyamantri Amrutum Yojna
Travel Insurance Plans - Travel Insurance | International Travel Insurance | Student Travel Insurance | Travel Insurance USA | Travel Insurance Canada | Travel Insurance Thailand | Travel Insurance UK | Travel Insurance Germany | Travel Insurance Bali | Travel Insurance Vietnam | Travel Insurance Dubai | Travel Insurance Singapore | Schengen Travel Insurance
Top Hospitals - Best Hospitals in Chennai | Top Hospitals in Delhi | Best Hospitals in Gurgaon | Best Hospitals in India | Top 10 Hospitals in India | Best Hospitals in Hyderabad | Best Hospitals in Kolkata | Best cancer hospitals in Bangalore | Best cancer hospitals in Hyderabad | Best cancer hospitals in Mumbai | Best cancer hospitals in India | Top 10 cancer hospitals in India | Top 10 cancer hospital in Delhi | Multi Speciality Hospitals in Mumbai | Multi Speciality Hospitals in Chennai | Multi Speciality Hospitals in Hyderabad | Super Speciality Hospitals in Delhi | Best Liver Hospitals in Delhi | Best Liver Hospitals in India | Best Kidney Hospitals in India | Best Heart hospitals in Bangalore | Best Heart hospitals in India | Best Heart hospitals in Kolkata | Best Heart hospitals in Delhi
Others - Top Up Health Insurance Policy | Corporate Health Insurance | Health Card | Section 80d of Income Tax Act | Ayushman Bharat | Health Insurance Portability | GoActive Family Floater Plan | Health Companion Family Floater Plan | Health Premia Family Floater Plan | Health Pulse Family Floater Plan | Health Recharge Family Floater Plan | Heartbeat Family Floater Plan | Money Saver Family Floater Plan | Saral Suraksha Bima Family Floater Plan | Senior Citizen Family Floater Plan | Super Saver Family Floater Plan | Corona Kavach Family Floater Plan | Hospital Cash Insurance | Cashless Health Insurance | Health Companion Price revision | Heartbeat Price revision | ReAssure Price revision
COVID - Omicron | Coronavirus Health Insurance | Covid XE Variant | Norovirus
www.nivabupa.com
+91 11 41743397
1860-500-8888
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.