Comparative Analysis of Various Health Insurance Plans

Over the last few decades, there have been significant advancements in medical technology that make possible the cure of even incurable illnesses. The cost of medical treatment, however, is extremely high and it’s tough for most middle-class people to afford it. The affordability of medical treatment is a point of major concern. The best health insurance plan will help with the Cost of surgery, medical procedures, drugs & other medical-related expenses cost huge and you may have to pull off all the savings to pay the hefty medical bills.

In order to keep yourself financially protected against medical exigencies, you are advised to buy a Best Health Insurance Plan.

Coverage in Health Insurance Plan

A Health Insurance Plan provides coverage for the cost incurred due to hospitalization arising from any illness, injury, or other medical condition. Buying a health insurance plan ensures financial cover against medical treatment expenses. Buying a Health Insurance Plan offers coverage for expenses incurred under in-patient hospitalization, pre & post-hospitalization, daycare procedures, organ donor, domiciliary hospitalization, etc.

By paying a small amount of premium, you will get access to quality medical care without worrying about paying bills.

Choose from Best Health Insurance Plans

Let’s go through some Health Insurance Plans, their benefits & the cost of availing of the cover.

Premium specified for health plans is computed for 2 adults (30 years for the eldest member). Cover opted is Rs 5 lakh with 1-year policy tenure.

1. Care Policy

A Care Policy is a comprehensive Health Insurance Plan that protects you & your family against financial risks that may arise due to a medical emergency. This plan offers various basic and value-added health coverage. This plan can be bought for an individual or for an entire family.

Premium By paying just Rs 845 per month, you will get the health cover with the Care policy.

Key Benefits:

• Inpatient hospitalization expenses including room rent, nursing expenses, doctor’s fees, medicines, etc. are covered.
• Pre-hospitalization expenses are covered for 30 days before hospitalization.
• Post-hospitalization expenses are covered for 60 days after hospitalization.
• Coverage for 170-day care procedures that require hospitalization for less than 24 hours.
• Domiciliary Hospitalization taken at home is covered up to 10% of the Sum Insured.

2. Niva Bupa Health Companion Plan

Niva Bupa Health Companion Health Insurance Plan comes with a host of benefits to ensure complete health cover for an individual and family. With this health plan, you can avail of the cashless medical facility, quick claim settlement, and assurance of lifetime renewability for the plan.

Premium By paying Rs 917 per month, you will get the health cover with Niva Bupa Health Companion Plan.

Key Benefits:

• It covers hospitalization expenses with no capping on room rent.
• Pre & post-hospitalization expenses are covered for 30 days prior to and 60 days post-hospitalization, respectively.
• All daycare procedures/surgeries are covered.
• Organ donors’ treatment for harvesting an organ is covered.

3. Star Health Family Health Optima Plan

Star Family Health Optima Insurance Plan offers family health cover at an affordable premium. By buying this health plan, you will get the comprehensive cover and there is no need to worry about medical bills while undergoing for yourself or another family member.

Premium By paying Rs 973 per month, you will get the health cover with Star Health Family Health Optima Plan.

Key Benefits:

• Hospitalization expenses like room rent, boarding and nursing expenses, etc. are covered under the policy.
• All daycare procedures are covered.
• Pre-hospitalization expenses are covered up to 60 days before hospitalization.
• Post-hospitalization expenses are covered up to 90 days post-discharge from the hospital.
• Domiciliary Hospitalization Expenses for treatment are covered.
• Organ donor expenses are covered up to a limit as specified in the policy.

4. Activ Health Essential Plan

Aditya Birla Activ Health Essential Plan is a health plan that offers customized cover to fulfill your health care needs. This health plan offers comprehensive coverage and rewards you for maintaining good health. You will also get cover for chronic illnesses such as diabetes, cholesterol, hypertension, and asthma.

Premium By paying Rs 833 per month, you will get the health cover with Activ Health Essential Plan.

Key Benefits:

• In-patient medical expenses such as room rent, operation theater charges, medicines, doctor’s fees, etc. are covered.
• Pre-hospitalization expenses are covered up to 30 days before hospitalization.
• Post-hospitalization expenses are covered up to 60 days after discharge from the hospital.
• 527 daycare procedures that require hospitalization for less than 24 hours are covered.
• Domiciliary hospitalization is covered as specified under the policy.

5. HDFC ERGO Health Suraksha Silver Plan

My: Health Suraksha Silver Smart Plan is designed to ensure medical treatment with no worries about medical bills. With this plan, there is no restriction on choosing a hospital room, or option to get coverage for maternity and critical illness.

Premium By paying Rs 621 per month, you will get the health cover with HDFC ERGO Health Suraksha Silver Plan.

Key Benefits:

• In-patient hospitalization expenses including room rent, nursing, Operation Theater, ICU charges, etc. are covered.
• 144 daycare procedures are covered.
• Expenses incurred in organ donor’s treatment for organ transplantation are covered.
• Domiciliary treatment expenses are covered under this plan.
• Pre hospitalization expenses are covered for 60 days before hospitalization
• Post-hospitalization expenses are covered for 90 days after discharge from the hospital.
• Expenses incurred for AYUSH treatment are payable.

Note: The health plans specified above are just for illustrative purposes. You may pick any other health plan, as per your & your family’s health care needs.