Simply knowing about the policy features, benefits or coverage is not enough for purchasing health insurance in India. Every year insurance companies bring certain changes in terms of policy coverage and benefits; so one has to be up-to-date about latest trends in the market for health insurance in India.
Choosing right health insurance is kind of a task. You need to be careful even more when you’re buying a plan for the family; you’ll come across hundreds of doubts like how much cover do I actually require? Where to shop from? Whether I can afford the premium or not? Which is the best health insurance company? Etc.
When it comes to health insurance, policies offered by Star Health and Apollo Munich are quite famous among the customers. Star health insurance or Apollo health insurance is one of the sought after insurance plan that offers customized benefits. The best part is that these plans are reasonably priced and one can get comprehensive coverage at affordable prices.
In this article we 4 most preferred health insurance plans in India that are famous in terms of benefits and policy coverage.
Apollo Munich Health Insurance
This company is quite famous for offering much-acclaimed health insurance plans and one of the best cashless facilities. The insured on choosing health insurance of Apollo Munich will be benefited wit restore facility, no claim bonus, family floater health cover which includes the entire family under a single policy etc.
The coverage list of Apollo health insurance also includes no additional loading at the time of renewal, attractive sum insured, 100% NCB. It has also designed specific policies for senior citizens as well where the lifelong cover for self and spouse, 5% discount for every claim free year, cashless policy coverage in-network hospitals and no loading on renewal is offered.
Apollo Munich is a joint venture between Apollo Hospitals Group and Munich Health, a leading health insurance organization.
Star Health and Allied Insurance
Star Health is the first standalone insurance company in India and is a joint venture of M/s ICICI Ventures Funds Management, M/s Tata Capital Growth Fund. M/s Oman Insurance Company, UAE, M/s Sequoia Capital, and M/s Alpha TC Holdings Pvt. Ltd, Singapore. Consistently recognised alongside some of the top Indian insurance companies, it has been conferred many awards and recognition. Star health insurance policy, both individual and family floater, offers comprehensive health coverage against medical emergencies and keep you at a safer side. Star health insurance offers direct in-house claim settlement without the involvement of a third party like TPA. Cashless facilities can be availed immediately and one can obtain reimbursement facility in over 700 network hospitals. Also, health insurance plans offer personalized doctors visit for the insured if he is hospitalized.
Max Bupa Health Insurance Compan
Max India Limited and the UK based healthcare services, Bupa joined hands and found Max Bupa Health Insurance Company Ltd. Being counted among one of the fastest growing insurance company in India, Max Bupa offers a wide array of health insurance plans. The range of plans including the coverage of hearth illness to complete hospitalisation cover are purely of comprehensive nature. The health insurance apart from basic cover also includes maternity benefits, childbirth, post-natal baby-care, vaccinations and much more. The best thing is the claim is settled directly in the house with no involvement of the third party. Health Relationship Program is specially designed by Max Bupa to its dedicated customers who are in the relationship with the company for a long time without any break.
Bajaj Allianz Health Insurance
Famous as a symbol of expertise, stability, and strength, Bajaj Allianz is another most preferred insurance company for opting health insurance. It received IRDA certificate in the year 2001 for hosting various insurance-related activities in India. Health insurance policies offered by them include Health Guard (Mediclaim), Silver Health (Senior Citizen) and Star Package (Family Floater). Apart from this, Hospital Cash policy that gives a defined amount on every day of hospitalisation, Critical Illness plan that offers a lump sum in case the insured is diagnosed with one of the listed critical illness during the policy tenure. It is the first company to come up with TPA while settling the claims to maintain efficiency.
However, our list is not the comprehensive one. Whenever you’re up to purchase one, you should always keep a few things to consider at the time of selecting an insurance company. The insurer is the last point of your contact from whom you’ll get the incurred money or to whom you register your claim. Do your research rigorously; take help from online aggregator websites, compare the plans, look for the history of the insurance company and their claim ratio in the past, look out for their market share, size, total assets, growth ration, financial claim settlement ability, quality of service offered etc. Lastly, always check the reviews posted by the existing customers about their experience with the company. This way you will get a fair idea of their services and reputation. Finding an adequate insurance company is as important as choosing a right plan. So, take your time and select the right policy only.
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