Choose your best low cost health insurance in India 2021

Choose your best low cost health insurance in India 2021

Health insurance is the best protection plan, that covers you and your family from any planned and unplanned medical expenses.
We all know, being hospitalized in today’s time can be heavy on your pocket, so all of you need to be aware of health insurance.

Choose your best low cost health insurance in India 2021

oday we will get to see many types of expensive health insurance plans in the market, but it is required that along with a health insurance plan, we will see our convenience and priority.

You will also find some low-cost health insurance plans in the market, but you are not going to get much benefit from taking them, so in this article, we will explain to you the 5 best low-cost health insurance plans that give value with better cover in detail.

2- How to choose the best low cost health insurance plan In India?

1- Claim Ratio incurred

It is necessary to understand ICR before buying any health insurance, ICR shows how stable the company is, that’s how much claim the company is collecting and how much it is settling in return.
The ICR of the best company varies between 50 to 90%, this ratio is Public by IRDA.

Choose your best low cost health insurance in India 2021

3- Benefits of best low cost health insurance policy in India

1- Sum Insured
It decides how much coverage gets to you at the claim. how much cover get for critical illness, and also depends on the illness or diseases.
Every company has different criteria, so while taking a low-cost health insurance policy, definitely pay attention to the cover, and confirm the cover amount.
Try your best to get maximum cover at a low premium.

3- pre-hospitalization & post-hospitalization

Your diagnosis charges, doctor’s fees, ICU charges, room rent charges, blood and anesthesia charges should be covered when you are in the hospital for more than 24 hours.
It is necessary that while taking the policy, the insured should ensure from the company that all these charges are given to you in cover.
Pre and post-hospitalization are available in almost all companies, but everyone’s time duration is different.

4- No claim bonus

If you have not taken a claim for the whole year, and the company has increased your cover amount automatically while renewing the policy, then this process we call a No Claim Bonus.
Not every company provides this facility. But today some companies have started providing this facility by looking at the policy and time.

5- Tax savings 

  • Rs.50,000 on premium paid for health insurance for self, dependent parents, children, and spouse
  • It also helps to under-view your taxable income.

6- Restore benefit

This benefit is required too much, so let’s try to understand it.
If you have claimed, but your sum assured amount has been exhausted. The company then automatically renews your plan and doubles your sum insured.
But before doing this, the company also has some conditions.

7- Daycare treatment

In this type of treatment, your treatment is less than 24 hours like chemotherapy, whole-body medical checkup, blood test, CT scan, etc, are covered.
Check this before taking a policy, although these facilities are covered.

8- Domestic treatment

It means that if the patient cannot admit to the hospital for any reason, then under the policy, you can get treatment at home.
Your treatment should last more than 3 days and should be in the presence of a medical practitioner.

9- Ambulance charge

This facility depends on your coverage amount. If your cover is 5 lakhs then the company will charge up to 2000, if your cover is above 5 lakhs then charge around 3500 to 5000.

10-organ donor

The cost is also covered if the patient needs an organ for treatment or surgery.
This facility is covered in your policy, as well as Ayurveda, Unani, etc.

11-Exclusion

According to IRDA, Arthritis, Joint Replacement, Cataract are covered in all these policies. 

The damage caused by alcohol, drug, any desires and the suicide attempt is not covered.

 

12- Hospital Network

Before taking any health plan, you must make sure that the hospital network of that company is good because, in case of illness or accident, you can get your treatment done quickly in the nearest hospital.

Whose health plans are explaining to you in this article, their hospital network is best.

Choose your best low cost health insurance in India 2021

5- best low cost Health Insurance Plans India

best Health Insurance for family 2021

Company

Name

Monthly Premium

Anual Premium

Sum insured 

 super health Plus

Rs. 897

Rs. 10768

Rs. 5 lakh

NCB Super Premium

Rs. 698

Rs. 8386

Rs. 5 lakh

 Comprehensive health insurance

Rs. 868

Rs. 10,420

Rs. 5 Lakh

Myhealth Suraksha

Rs. 987

Rs. 11,845

Rs. 5 Lakh

1- Aditya birla super Health Plus

  1. Pre and Post Hospitalization Cover- Expenses 30 days before and 60 days after hospitalization covered
  2. Home Treatment Benefit- Expense of 25000 will be given on the cover of 5 lakhs for home treatment. Expense of 50000 if it exceeds 5 lakhs.
  3. Road Ambulance- Cover Network Providers – Covered up to Actual expenses and Non – Network Providers – Covered up to Rs.5000/hospitalisation
  4. Day Care Treatment – 586 covered up to Sum Insured
  5. Organ donor expenses – Up to Sum Insured
  6. 7.5% and 10% discount on selecting 2 and 3 year policy respectively.
  7. No Claim Bonus Available

2- Care NCB Super Premium health insurance

  1. Hospitlazation Expense – Diagnostic, Doctor, Icu, Roomrent charges are covered.
  2. 90 days for pre hosptilization and 60 days for post hosptilization
  3. You get a No Claim Bonus ranging from 1 0 to 100%.
  4. Restore Bonus – 100% benefit but not for same illness
  5. Cover Day Care Treatment
  6. Cover Domestic Treatment
  7. Ambulance Expense Cover- 1500 – 3000 depend on your sum insured
  8. Organ donor treatment is available
  9. Roomrent cover depend on sum insured, it gives you 1% of sum insured.
  10. opd not available
  11. Exclusion policy available after 30 days of policy

3- Star comprehensive health insurance

  1. Hospitalization Expense – Diagnostic, Doctor, Icu, Room rent charges are covered.
  2. There is 60 days for pre hosptilization and 90 days for post hosptilization
  3. If sum insured < 7 lakhs then you can get a bonus of 50 to 100%.
  4. Restore Bonus – 100% benefit for same illness
  5. Cover day care treatment available
  6. Cover Domestic Treatment
  7. Ambulance Expense Cover as per Actual
  8. Organ donor treatment is available
  9. roomrent cover – no limit for AC rooms
  10. An opd cover of 10 – 5000 is given.
  11. Exclusion policy available after 30 days of policy expected accident

4- HDFC Myhealth Suraksha

  1. 1- Hospitlazation Expense – Diagnostic, Doctor, Icu, Roomrent charges are covered.
  2. 60 days for pre hosptilization and 180 days for post hosptilization
  3. You get a No Claim Bonus ranging from 1 0 to 50%.
  4. Restore Bonus – 100% benefit for same illness
  5. Cover Day Care Treatment
  6. Cover Domestic Treatment
  7. Ambulance Expense Cover- 2000 on sum insured of 5 lakhs and 3500 on 50 lakhs.
  8. Organ donor treatment is available
  9. roomrent cover- no limit on ac rooms
  10. opd not available
  11.  Exclusion policy available after 30 days of policy
  12. Waiting period – 4 years
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