Buying the Best Health Insurance Plans in India is an important decision. It will ensure that you and your family get sufficient financial assistance during a medical emergency. The best medical insurance will help you cover the cost of pre-hospitalisation, room rents, doctor’s charges, post hospitalisation treatment, and much more. Let’s understand how you can get the best mediclaim plans that suit your requirements.
Zero
Waiting period
10,500+
Cashless hospitals
100%
Bills covered
There are many health insurance plans available in the market, however not all plans would match your requirements. For example, you should look for a medical insurance plan that is tailored to your family size, budget, medical conditions, etc. This will ensure the best health insurance coverage in case you or an insured member needs to get hospitalised.
Additionally, things like the number of network hospitals, 100% hospital bill payments, affordable premium, rising healthcare costs matter. At ACKO, you will find health insurance plans that you can tailor to your needs. For example, you can choose from various sum insured options ranging from ₹10L to an Unlimited coverage. This gives you the flexibility of buying health insurance within your budget.
Here is a list of ACKO’s best-buy health plans.
This is India’s top-ranking health insurance plan which gives amazing benefits. For example, coverage from day 01, zero deductions on claims, and the option to add up to 10 family members. This plan is your ultimate destination for health insurance for the entire family.
Here you can choose from a number of sum insured options. It also gives the benefit of 100% claim amount reducing your out-of-pocket expenses to almost nothing in case of a covered hospitalisation.
Under this plan you get all the benefits of ACKO Platinum Health Insurance after a set deductible. Buying a super top-up plan is ideal if you either have a primary health insurance plan or enough savings to cover your medical expenses up to a certain limit.
The ACKO Platinum Health Plan is one of the top health insurance policy in India.
Here is detailed information on how to choose health insurance that is the most suitable to your needs. This will also help in answering the question, which medical insurance is best?
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.
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.
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.
Make sure that the insurance company has good hospitals in your location. Wider network equals easy accessibility of standard healthcare services. Most private health insurance Indian companies have a good number of network hospitals.
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.
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.
Get acquainted with the claim process. During a medical emergency it is important to have a claim procedure that has no stress and smoothness.
Review customer ratings on the service quality of the insurer. Another way is to ask friends, relatives, and work colleagues for their recommendations. These tips will also help you get the cheapest health insurance in India.
If you’re not sure, get in touch with an insurance advisor or a financial planner. You can buy the best health policy in India by yourself or with the help of an insurance expert.
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.
With so many different plan options available, you want to be sure that you are selecting the plan that offers adequate coverage for your particular needs. Here is how you can select the right coverage or sum insured of the best insurance plan in India. Additionally, this will help you to choose the best health insurance policy in the market.
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.
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.
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.
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.
Here are some of the key benefits of having the best medical insurance in India.
In India, the best medical 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.
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.
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.
Having the knowledge that you are covered under the best mediclaim 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.
Here is a brief description of the best health insurance in India. The following information will also help in answering the question, which medical insurance is best?
The best individual health insurance are developed with the aim to cover medical costs that arise from illnesses, accidents, or hospitalisation. These policies offer financial support for the treatments, laboratory tests, and hospitalisation expenses according to the policy terms and conditions.
It is perfect for families since it covers the whole family under one sum insured. Family floater health plans are characterised by flexibility, which allows any member of the family to use the cover as and when needed, and thus becomes a cost effective solution over individual plans for each member.
The senior citizen health insurance plans are specially made for the elderly, and they deal with the distinct healthcare needs of the people who are beyond a certain age limit. Such plans usually provide coverage for diseases associated with ageing and offer benefits like pre-existing disease coverage, regular health check-ups and ambulance services.
Critical illness health plans provide specialised types of insurance for life-threatening diseases like cancer, heart attack, stroke, and kidney failure. In case of diagnosis, these plans pay a lump sum amount to the insured helping to meet medical expenses, rehabilitation, and lifestyle adjustments.
The group health insurance policies are offered by employers or organisations to facilitate healthcare coverage for their employees or members. This helps keep the premiums at a minimum while providing maximum coverage that may include cashless hospitalisation, maternity coverage, and cover for pre-existing diseases.
Top-up health insurance plans work like additional coverage over and above an already existing health insurance policy. They are the secondary insurance policies, kicking in after the primary policy has reached its limit, offering the same coverage at a cheaper price than the standalone policy.
Certain insurers offer disease-specific health insurance that is designed to deal with specific ailments or medical conditions. These plans are tailor-made and provide comprehensive coverage, including focused treatment packages, consultations with experts and post-treatment care that are specific to the disease.
By choosing the best plan, you can protect your health and financial stability and feel confident even in times of uncertainties.
Also read: Best health insurance companies in india
We have provided a quick overview of how our best mediclaim Insurance in India measures up against others in the industry. This comparison will help in answering the question, which mediclaim policy is best?
| Faeatures | ACKO Platinum Plan | ACKO Standard Plan | Other Market Plans |
| Hospital bills | 100% coverage | 100% coverage | They Pay ~85% |
| Waiting period | Zero Waiting Period | Applicable | Applicable |
| Initial waiting period | Coverage from day 01 | 30 days | 30 days |
| Specified Illness waiting period | None | Applicable | 2 years |
| Pre-existing waiting period | 0-4 years Pre-existing diseases (based on health evaluation) | 0-4 years Pre-existing diseases (based on health evaluation) | 4 years Pre-existing diseases |
| Room rent limits | None (Choose any hospital room) | None (Choose any hospital room) | Applicable (The entire hospital bill gets affected) |
| Co-pay | Zero co-pay | Zero co-pay | Fixed copay |
| Deductions on claims | Zero | Zero | ~15-20% depending on the terms and conditions of the plan. |
There are many health insurance plans that can be customised in India. This also implies that you are free to select appropriate limits of cover depending on what is suitable for you and your pocket. For example, you may be able to choose the following:
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.
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.
As per Section 80D of the Income Tax Act, the taxpayers are entitled to claim deduction on health insurance premiums paid for self, spouse, children and parents. The amount of the deduction is determined according to the age of the insured and whether they are senior citizens.
For instance, the people who are under the age of 60 can claim up to Rs. 25,000 per month for the premiums for themselves, spouse and dependent children. An additional Rs. Rs. 50,000 senior citizens is available for parents as a subsidy towards the premiums. The taxpayers are also eligible for a deduction for preventive health check-ups, up to Rs. Rs. 5,000 within the overall limit for 80D.
These tax benefits help to pay for health services while reducing the amount that is taxed. Individuals can thus manage their tax liabilities while ensuring adequate healthcare coverage for their families.
Under cashless claims you don’t have to pay the hospital bill yourself. If you go to a hospital that is part of your insurance company’s network, the insurance company will directly settle the bill with the hospital. You just need to show your health card and get approval from the insurer. It saves you from paying big amounts upfront.
For example: You get admitted to a network hospital. The insurer approves the treatment. The hospital sends the bill to the insurer, and they pay it directly. You don’t pay anything (except non-covered items like food or personal expenses).
Under reimbursement claims you first pay the hospital bill, and then later claim the amount from your insurance company. You need to collect all bills, reports, and documents, and submit them to the insurer for reimbursement.
For example: You go to a hospital that is not in the insurer’s network. You pay the bill, get discharged, and send the documents to the insurer. After checking, the insurer pays you back.
Disclaimer: The plans, services, features, processes, and other details mentioned on this page are subject to availability and changes. Please check the applicable policy wordings before making any insurance-related decisions. Feel free to reach out to us at [email protected] for any queries.
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Reviewed by Rupinderjit 
Acko Technology & Services Private Limited
#36/5, Hustlehub One East, Somasandrapalya, 27th Main Rd, Sector 2, HSR Layout, Bengaluru, Karnataka 560102
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