5 Best Health Insurance Plans in India for Middle-Class Family in 2022
The primary purpose of a health insurance policy is to avoid paying a considerable amount of money towards medical expenses for yourself and your family. So, suppose you want to get treatment for any ailment or illness which requires hospitalization or expensive surgical procedures. In that case, your health insurer will cover the entire amount that you are to pay. Though the awareness about health insurance in India is low, the recent pandemic has brought attention to these products as it has been a life-saver for many families during these trying times. Hence, a health insurance policy is a boon for middle-class families to keep their healthcare expenses low when medical costs are increasing day by day.
Rajesh Sharma is a businessman from Vadodara, living with his wife, kids, parents, and brothers. With a total of 8 members in the family, he was concerned about all their health, especially after the COVID-19 outbreak. However, Rajesh has not taken any health insurance policies so far and hence was clueless on what to expect from a health insurance policy. Hoping to buy the best family health insurance in India, Rajesh approached his long-time friend, Bhoopal, who is a chartered accountant by profession. After understanding his friend’s requirements, Bhoopal suggested Rajesh get the plan with a sum high insured that not only offers coverage for the entire family but also take care of their OPD expenses, provides COVID-19 coverage, ability to include alternative treatments such as Ayurveda, Unani, Siddha, homeopathy, etc. Thus, even being a middle-class family, Rajesh was able to get a health insurance policy with high coverage at an affordable premium that will cover everyone in the family because of the choices available in the market.
But to find the best health insurance policies in India, one has to be very picky. And it is not an easy task, too, especially when there are many health insurance companies, each offering a different product.
List of 5 Best Health Insurance Plans in India for Middle-Class Family in 2022
Let us deep-dive into the 5 best health insurance policies in India for middle-class families in 2021 along with their features:-
- HDFC ERGO my health Suraksha – Gold Smart Plan
- Max Bupa Health Companion Individual
- Star Health Family Health Optima
- Oriental Insurance Happy Family Floater Insurance Plan
- Care Health Plan
1. HDFC ERGO my health Suraksha – Gold Smart Plan
This health insurance plan from HDFC Ergo is aimed to provide wholesome coverage for your entire family. The minimum entry age is 3 years, and there is no maximum age limit for entry to register for the policy. It not only covers hospitalization expenses but also offers cashless home healthcare, free yearly health check-ups, pre/post-hospitalization expenses, coverage for daycare procedures, etc., Also, you may claim non-allopathic treatments and treatment for mental illnesses. If the hospitalization exceeds 10 continuous days, you are eligible to receive a lump sum payout of Rs. 15,000 to take care of household expenses. With 10,000+ hospitals in their network, HDFC ergo claims to settle 90% of cashless claims within 20 minutes, making it a solid contender to be called the best family health insurance policy in India.
2. Max Bupa Health Companion Individual
This policy is a good choice for individuals and families among the available health insurance plans from Max Bupa health insurance. It offers multiple variants for a person to choose from a sum insured starting from Rs 4 lakhs up to Rs 1 crore. Similarly, the coverage includes many beneficial features such as no cap on room rent, international coverage, reimbursement of OPD treatment, Loyalty bonus, maternity cover, etc., in addition to coverage for treatments taken under Ayurveda, Unani, Siddha, and Homeopathy.
3. Star Health Family Health Optima
This is a family health insurance plan. Any person aged between 18 years and 65 years can avail of this policy on a floater basis. A comprehensive policy offers automatic restoration of the sum insured up to 3 times after exhaustion. In addition, all daycare procedures are covered, and the policy shall reimburse the medical expenses incurred on assisted reproduction treatment. They also offer a grace period of 120 days grace period from the date of expiry of the premium to reactivate the policy.
4. Oriental Insurance Happy Family Floater Insurance Plan
This exclusive family floater plan from oriental insurance, a public sector insurance company, provides a sum insured from Rs.2 lacs to Rs.20 lacs and is available in three plans Silver, Gold, and Diamond. In addition to the regular features of the health coverage, it offers reimbursement for the second opinion, newborn baby cover, restoration of the sum insured, etc. Furthermore, you are eligible for a discount of 5.5% in premium if TPA services are not opted for, and an additional discount of 5% on the premium is provided if the policy is purchased online.
5. Care Health Plan
The health plan from Care health insurance assures insurance with OPD cover for coverage starting from 5 lakhs up to 6 crores. Some of the features that are included in the coverage are hospitalization charges, daycare/ OPD expenses, Domiciliary hospitalization, Co-payment waiver, a vast network of hospitals to provide cashless treatment, etc. The OPD insurance coverage is provided as an optional cover that can be used to claim an amount equal to their medical bills at the time of reimbursement. While the minimum age for entry is 3 months for children, it is 18 years for adults. There is no maximum age limit.
Having read through the various insurance plans available for you to purchase for your family, it is time to take action. You may be looking for the best health policy in India, but all health insurance policies have similar features, and as a decision-maker, you need to be clear on what you want from a health plan. To start with, it is very important to know how many people are there in your family you can include in a health insurance plan. This should be considered an essential factor by health insurance companies while calculating the premium and the benefits to be extended as it directly affects the premium that you will be charged. Therefore, to choose health insurance for a middle-class family in India, start with the number of people in your family who require health coverage.