Best Health Insurance Plans in India: Save taxes upto ₹75,000

Sum insured

Your sum insured is the highest amount that your insurance company can give you as payment for your medical bills in any one year. The sum insured can be selected depending on what you need and afford.

Add-ons

These are other coverage options that you can buy as an extra with your policy. Examples of these riders are dental, vision and critical illness plans. It is possible to have a choice on the riders you find more significant.

Understand Your Needs and Budget

Quickly, check on your health and family needs. Have you had any chronic diseases before? Do you plan to have children soon? Also, factor in your budget.

Research and Compare Plans

Conduct an extensive research on different health insurance schemes existing in India. Check these different attributes like the coverages, premium, and other perks. This is where websites and insurance aggregators will come in handy.

Check Coverage Details

Carefully look at the policy documents for what is covered and what is not included. Ensure you include costs such as hospitalisation, day-care procedures, maternity benefits and pre-/post hospitalisation expenses.

Analyze Network Hospitals

Make sure that the insurance company has good hospitals in your location. Wider network equals easy accessibility of standard healthcare services.

Look for Add-Ons and Riders

Some policies include add-ons and riders that improve your coverage. For instance, this could be a critical illness cover, maternity payments, or provision for other alternatives.

Understand the Waiting Period

Bear in mind about the waiting period for pre-existing conditions as well as other specific treatments. Choose a policy with the shortest possible waiting period, if at all possible.

Check Claim Process

Get acquainted with the claim process. During a medical emergency it is important to have a claim procedure that has no stress and smoothness.

Read Reviews and Ask for Recommendations

Review customer ratings on the service quality of the insurer. Another way is to ask friends, relatives, and work colleagues for their recommendations.

Seek Professional Advice

If you’re not sure, get in touch with an insurance advisor or a financial planner.

Stay Informed

Ensure that you are up-to-date with respect to any changes in the insurance environment or policies. Review your policy periodically to make certain it satisfies your demands.

Your age and health

Are you in good health with no prior medical illnesses? For instance, a lower coverage plan could work if you are young and healthy and you have less money to spend on your medical insurance. However, you should confirm that the plan covers any of your existing issues.

Your family size

Is there anyone in your family like a spouse or a child? If this is true, you must ensure that such individuals are also included in your plan.

Your lifestyle

Do you indulge in risky hobbies? Are you a smoker or do you ever drink alcohol? If it is the case, you might get a plan with high-risk activities coverage.

Your budget

What should be the budget for health insurance premiums? The premium rates differ with the level of coverage as well as network size. Pick one that you can afford.

Comprehensive coverage

In India, the best health insurance plans provide cover for hospitalisation, surgery, doctor consultation, diagnostics tests, maternity benefits, dental and eye care cover too. In essence, this implies that you should be assured of cover for a broad spectrum of healthcare costs.

Cashless treatment

A number of leading health insurance plans in India provide cashless hospitalisation. As such, you don’t pay any amount of money in advance whenever you receive treatment at this network. The hospital will be paid by the insurance company. This is very convenient, especially during a crisis.

Tax benefits

You may also enjoy some level of tax benefits if you buy a health insurance policy under Section 80D of the Income Tax Act. This implies that you can subtract premiums you pay under your policy from your taxable revenues.

Peace of mind

Having the knowledge that you are covered under a good health insurance policy can offer you a sense of relief. It should be noted that when sick, you will not worry how to pay for your care or that of a loved one. It leaves you free to concentrate on your recovery and nothing else financially.