Best Health Insurance Plans of 2023

Health Insurance in today’s world has become a necessity. With aggravating medical costs and increasing inflation, getting the treatment done in a private hospital has become extremely non-affordable unless and until you have an emergency fund or a mitigation plan. The treatment for critical illnesses may require lakhs of rupees creating a big hole in your financial kitty. Here comes the importance of the ‘Best Health Insurance Plans’, which act as a risk mitigation tool.

Health becomes first priority

The way we all spend our life last year with the fear of Covid-19, health become first priority for ourselves and we all heard the quote “Health is Wealth” and it’s true but no one ever tries to understand this quote’s meaning is a synopsis of life. We all live for g0od health and good health gives us everything that we need to live a good and healthy life.

A health insurance plan helps to meet those unexpected medical expenses and allows the person to afford the best health care services without the hassles of arranging funds to avail it. It is important to buy a health insurance plan at an early age to avail of lower premiums and adequate health insurance sum insured.

Health Plans offer a bundle of benefits ranging from offering cashless hospitalization in the network hospitals, pre, and post-hospitalization expenses, in-patient hospitalization expenses, daycare procedures, tax benefits under section 80D, etc.

It is important to do your bit of research or consult an insurance expert online before buying the best health insurance plan. It is imperative to compare the Best Health Insurance Plans and zero down the plan as per your needs and requirement.

Let us have a look at the top 5 Best Health Insurance Plans of 2023

1. Niva Bupa – Health Companion

Key Features

• Tax Benefit under section 80 D.
• This policy covered the cost of an ambulance up to Rs 3000.
• This policy also covers the expenses of all daycare treatments.
• The policy covers expenses, medical expenses for an organ donor.
• No Claim Bonus – Get 20% more sum insured at renewal for each claim-free year; max up to 100%.
• The policy covers expenses 30 days before Hospitalisation and 60 days post-discharge.
• The policy assures you renewability for a lifetime without any extra loadings based on your claim history.
• Also get cover for inpatient treatment under AYUSH (Ayurveda, Unani, Siddha, and Homeopathy) up to the sum insured.

2. Care Health Insurance– Care Plan

Key Features

• Tax Benefit under section 80 D.
• No Claim Bonus – Get up to 150% of Sum Insured.
• Alternative treatment is also available in this policy.
• The policy covers expenses, like medical expenses for an organ donation.
• Maternity cover of up to INR 1 lakh with sum insured options 50, 60, and 75 Lakhs.
• The policy covers expenses 30 days before Hospitalisation and 60 days post-discharge.
• The policy assures you of renewability for a lifetime without any extra loadings or without any extra cost.
• This policy covered the cost of an ambulance and if your emergency demands an air ambulance then the policy will also cover the expenses of air ambulance expenses.

3. Aditya Birla – Activ Assure Diamond Plan

Key Features

• Tax Benefit under section 80 D.
• Worldwide emergency assistance service is available with this plan.
• This policy covered the cost of an ambulance up to 100% of your expenses.
• The policy covers expenses, like medical expenses for an organ donation.
• Get 10% more sum insured at renewal for each claim-free year; maximum up to 50%.
• The policy covers expenses 30 days before Hospitalisation and 60 days post-discharge.
• Till 586 Daycare treatments, during this period you will get all daycare treatment on planned expenses.
• Modern treatment methods are covered by this policy, like Robotic Surgeries and Oral Chemotherapy.
• According to this plan, you will also get cover for inpatient treatment under AYUSH (Ayurveda, Unani, Siddha, and Homeopathy) up to the sum insured.

4. Star Health – Young Star Insurance Policy

Key Features

•  “Available for Gold and Silver Plan both”
• Tax Benefit under section 80 D.
• Affordable premium with a good amount of coverage.
• With a single policy, whole family coverage is available.
• Without any extra cost get the extra sum insured (auto recharge).
• Full daycare (24*7) treatment available.
• Emergency Road Ambulance to hospital facility available.
• The newborn baby is also covered by this policy but after 91 days.
• Hospitalization Service – Pre-hospitalization for 60 days and Post hospitalization for 90 days.
• Cumulative Bonus – Get 20% more sum insured at renewal for each claim-free year; max up to 100%.
• Pre-Existing Diseases/Illness – Are covered after 12 months of continuous Insurance without break. Installment Facility

5. HDFC Ergo – Optima Restore

Key Features

• Complimentary Health Check-up
• Tax Benefit under section 80 D.
• No Claim Bonus – Get up to 100% additional policy cover as no claim bonus.
• The policy covers expenses, like medical expenses for an organ donation.
• Hospitalization Service – Pre-hospitalization for 60 days and Post hospitalization for 180 days.
• Daycare treatments, during this period you will get all daycare treatment on planned expenses.
• The policy assures you of renewability for a lifetime without any extra loadings or without any extra cost.
• Modern days treatment methods are covered by this policy, like Robotic Surgeries, Cell therapy, and Oral Chemotherapy.

Lastly, it is important to read the fine print of the policy carefully. Do not hurriedly buy the health policy without going through the details. It is also important to review the sub-limits, co-payments, and waiting period clauses under the policy before making a final decision to opt for the best health insurance plans.