Health insurance plans for individuals & families online
It is easy to find people who do not believe in health insurance because of one or two bad experiences. Getting adequate health insurance cover is a lot like getting the right size of trekking shoes for a long climb uphill. If you don’t pick the one that fits you just right, you can end up with a painful shoe-bite; but if you choose the correct one, they’ll make your journey much more enjoyable and a lot smoother too. The best life insurance plan is not the one that sounds the most amazing or the one that your friends shower praises on; in fact, it is the one that fits your need perfectly and is tailor-made for you.
Choosing the Right Health Insurance Policy
Choosing the right policy might seem like a daunting task, especially so if you are doing it for the first time, but let’s try to break down the path to an entirely appropriate policy into easily attainable steps for your convenience!
However, if this sounds like a daunting task in itself or too much hard work for you, we have chosen the best three policies you could choose from and secure your family. These policies have been selected for their unique stand-out points, and their Insurance Claim Ratio has been kept in mind while choosing these policies as our preferred picks.
- Best Policies for Individuals
Here are three golden policies that the lone wolves must consider. All of these plans have floater-options available, so if you decide to extend your family sometime in the future, you need not change your chosen health insurance policy. Always re-check the details provided to make sure you are still up to date with the latest benefits and drawbacks. Below are the top three policy choices for individuals along with their pros and cons.
- Aditya Birla’s Activ Assure Diamond Health Insurance
With a trusted name and maximum sum insured of up to INR 2 crores, this plan is leading the path of health covers. It provides a comprehensive package covering not only basic items like road ambulance, pre, post and in-hospitalization benefits but also offers additional advantages of health coaches, check-ups, no claim bonus and national & international emergency assistance services. You can also add several other benefits like cancer cover, personal accident cover, room up-gradation and much more to the package by subscribing to an add-on. What’s even more fascinating is that discounts up to 10 per cent are also available on premiums.
- Universal Sompo’s Complete Health Care Insurance
This unique policy is designed, keeping in mind our big Indian families. It covers 13 different types of relationships and under a floater system, can cover dependent children up to the age of 25! It provides a cover of up to 10 lakhs for individuals where you have the liberty to choose from the primary, essential and the privilege plan. With a high 92 per cent Insurance Claim Ratio in 2018-19, the policy has made its name as a ‘people’s policy’. The plan extensively covers periods of pre and post hospitalization, covers oxygen and blood costs, check-ups, dental issues, etc. In short it is a comprehensive package.
- SBI’s Arogya Premier Policy
If you lack a medical history and are below the age of 55, you might not need to get a health screening test done! What’s more, is that the policy has automatic reinstatement and no claim bonus ranging from 10 to 50 per cent of the sum insured! Ayurveda and homoeopathy treatments are also covered in the policy! The policy also includes what others are known to exclude: maternity benefits, organ donor expenses, health check-ups, ambulance expenses and in-home treatment! If hospitalized, your costs of drugs, medicines, plasters, room rents, ICUs are thrown into the package.
Best Policies for Families
Your family protects you from the perils of the world; you must protect them back. Here are some policies that would protect your family; big or small, nuclear or joint, with children or childless! Trusting this responsibility of yours to protect your family is a considerable task; hence, we have brought up a list of trustable names in the business. These plans are chosen, especially keeping your typical Indian family in mind and includes your kids, your parents and even your grandparents.
- Star Family Health Optima Health Insurance Plan
This unique policy will provide a cover for your children and your parents. What’s more interesting is that the plan offers three automatic restorations of the sum insured by 100% for complete exhaustion. It includes air ambulance, in-home-treatment, pre, post and in-hospitalization expenses.
The downside of this policy is that it does not include costs of treatments for self-harm, dental treatments and sexually transmitted diseases.
- HDFC Ergo Health Suraksha Plan
This is a genuinely inclusive plan that can cover your newborn from the age of 91 days and has no maximum age. So your parents or even your great grand-parents stand an equal opportunity to get in! You can choose between silver, gold and platinum plans from this coverage depending on your needs. There is hardly any limit on room rent, and daycare procedures are included along with costs of organ donation! Pre and post-hospitalization are also covered up to 60 and 90 days, respectively.
- HDFC Ergo’s My Health Suraksha Insurance – Silver Smart Plan
There’s only one word for this policy- unconventional. The policy certainly doesn’t beat around the bush about mental illnesses and provides a cover for mental issues that were long ignored during the old days. There is no room capping, sum insured rebound, free health check-ups, no entry age restrictions, etc. Furthermore, you do not require a medical screening test if you’re less than 45! Having Ayush benefits, ambulance benefits and recovery benefits, this policy seems to be the answer to all questions.
The only disadvantage of this plan is that the pre-existing ailments have a waiting period of 36 months, which might sound like a lot, to some. First 30 days from inception of policy are also not covered except for accidental hospitalization cases.
Which one do you pick?
While each of the policies mentioned above has its own pros and cons, you must ultimately keep your own needs and observations in mind before zeroing down with one particular policy. After all, each individual and each family is different and unique. But one common thing is their vulnerability to diseases and injuries and the risk of uncertainty. Health insurance is a great way of combating these uncertainties and our anxiety linked to them.
So, make sure that when the need arises for you or your family to climb the uphill mountain journey, you provide them with the perfect fitting tools to combat any challenges that may occur.
Health Insurance for Individuals and Families
What are the steps to choose the right policy for your family?
Experts have recommended each one of these steps, and reading between the lines could prove to be incredibly beneficial!
Look inwards: Observe your needs. If a lung problem runs in your genes, you might want to select a policy that’s comprehensive and covers a complete scope of lung problems. In this way, you’re choosing a policy that has the best probability of coming to your aid.
Look outwards: Research all policies you can come across that interest you. Read online, pamphlets, talk to people and use data syndication portals to compare and contrast. Knowledge is power.
Look around: Shortlist the top few of these policies according to your needs. Choose them carefully as this step makes all the difference. Don’t forget the all important Claim Acceptance Ratio.
Look within: Pick one by comparing the benefits and drawbacks of each. Check which one fit your needs like a glove. Don’t overthink and choose this!
What is a family floater plan?
A family floater health insurance plan is a customized plan to cover the health risks of your entire family. It is a comprehensive and exhaustive health plan that covers you, your parents, your spouse, and your children. It is a single powerful answer for your family’s health insurance plans. Such plans are economical as well as offer good coverage.
What is a good potential family insurance plan?
A Health insurance plan that ticks the following review points;
Adequate Sum assured
Free coupons for a regular health checkup
Wide coverage of diseases as well as a mode of treatments