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

Protect Your Health with the #1 Health Insurance in India. Find the Ideal Health Plan for Your Needs Today!

✅ Plans starting @ Rs. 20/day* ✅ Zero waiting period and out of pocket costs

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Cashless hospitals
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Home / Health Insurance / Best Health Insurance Plans in India in 2024

Best Health Insurance Policy in India 2024 : Choose what suits you
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Selecting the appropriate health insurance cover is a crucial decision. You need to ensure you protect yourself and your family financially during a medical emergency by considering your unique requirements, and customising your coverage accordingly. Here are a few things to keep in mind:

Coverage
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Do you have any required medical expenses that should be catered for? Take into account our present health requirements and envision possible health problems in the near future. Choose a policy which contains coverage for those services and treatments which are more vital to you.

Network
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Does the policy offer doctors and hospitals near you? Also ensure that your preferred doctor or hospital is part of the network.

Premium
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What is affordable in terms of your health insurance premiums? These premiums change based on coverage, network, and others. Make a choice of a specific policy which will be affordable.

Out-of-pocket costs
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How much will I have to pay out of my pocket for this policy? These involve deductibles, copays, and coinsurance. Opt for an insurance policy with reasonable deductibles that go within your budget.

ACKO’s Best Health Plans vs Other Market Health Insurance Plans
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Regarding the best health insurance, no universal policy fits everyone. It's similar to shopping for apparel, where different plans offer varying ranges, uses, and premiums, but Acko fits mostly all the types and needs of users, so it has been rated the best health insurance by Mint in 2023.

Therefore, it is essential to do some comparison to find the one that suits your needs. We have provided a quick overview of how our best health insurance plans measure up against others in the industry.

Other Market Plans

ACKO Standard Health Plan

ACKO Platinum Health Plan

HOSPITAL BILLS

HOSPITAL BILLS

HOSPITAL BILLS

They Pay ~85%

ACKO pays 100%

ACKO pays 100%

WAITING PERIODS

WAITING PERIODS

WAITING PERIODS

30 days initial

30 days initial

None initial

2 years Specified illnesses

2 years Specified illnesses

None Specified illnesses

4 years Pre-existing diseases

4 years Pre-existing diseases

0-4 years Pre-existing diseases (based on health evaluation)

ROOM RENT LIMIT

ROOM RENT LIMIT

ROOM RENT LIMIT

Pay extra for room upgrades

No Room rent limit

No Room rent limit

COPAY

COPAY

COPAY

Fixed Copay

No Copay

No Copay

Customising your coverage
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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:

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Sum insured
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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.

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Add-ons
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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.

Why buy the best health insurance policy?
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You can use health insurance to ease the financial and emotional burden that is associated with medical expenses. Costs of medical services are soaring, and even a slight illness or injury can put your finances under tremendous pressure. Health insurance can assist in offsetting these costs through coverage of numerous medical expenses, such as hospitalisation, medications, surgery, and medical consultations.

Health insurance also gives an assurance that you will be covered for a medical emergency and it also has some financial benefits. This will give you peace of mind that you don’t have to worry about how to pay for your care and you can now only concentrate on getting better.

A number of health insurance plans offer cashless hospitalisation so there is no down-payment to make when getting treated at a network hospital. The hospital will notify the insurance company which will settle the bill. In addition, some health insurance may give one a tax exemption. This will assist you to minimise your tax liability. In this regard, having a health insurance cover offers a useful measure for managing both the financial and emotional impact of such costs.

How to Select Best Health Insurance Policy
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Now, let’s divide the process into simpler steps so that it will be easier to understand.

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Understand Your Needs and Budget
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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.

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Research and Compare Plans
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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.

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Check Coverage Details
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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.

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

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Look for Add-Ons and Riders
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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.

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Understand the Waiting Period
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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.

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

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

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

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Stay Informed
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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.

Deciding Coverage under Best Health Insurance Plan
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It is a basic requirement for everybody to invest in health insurance. However, to determine how it happens, one should start from scratch. 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. Things to consider when choosing health insurance coverage in India:

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Your age and health
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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.

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Your family size
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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.

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Your lifestyle
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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.

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Your budget
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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.

Benefits of Best Health Insurance Plan in India
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Healthcare expenses in India are expensive and a small illness/accident could leave you in great financial straits. Such costs could be cushioned by a good insurance plan but this will guarantee you that you and your family will be taken care of in case of an unexpected medical emergency. Here are some of the key benefits of having the best health insurance plan in India:

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Comprehensive coverage
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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.

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Cashless treatment
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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.

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Tax benefits
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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.

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Peace of mind
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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.

List of ACKO best-buy Health Insurance Plans
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Here is a list of ACKO’s best-buy health plans.

ACKO Platinum Health Plan
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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.

ACKO Standard Health Insurance
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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.

Frequently Asked Questions (FAQs)
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Following are some common questions about health insurance in India.

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How do I choose the best health insurance plan?

You need to take into account your needs and financial limitations when selecting the most appropriate health insurance plan. Firstly, evaluate the kind of coverage that you need such as doctor’s visits, medication, and hospital stays. Compare premiums,deductibles, coverage scope, network hospitals, and customer reviews while selecting a plan. In summary, choose a plan that meets your health needs and pocket.

What are the factors that define the best health insurance plan?

The best health insurance plan is defined by several factors, including:

  1. Coverage: Provision of total cover for basic healthcare provision and emergencies.

  2. Affordability: Affordable premiums and out-of-pocket costs that fit in your budget.

  3. Network: Easy access to many medical facilities and hospitals within the country and beyond the borders.

  4. Reputation: Policyholder satisfaction related to claim settlement and customer service.

  5. Additional benefits: For example, added features like wellness programs, maternity coverage or critical illness coverage.

Is it worth it to buy health insurance in India?

Absolutely, it is very essential to purchase a health insurance policy in India. People spend high amounts on healthcare and the best way to counter it is insurance that covers you in times of emergency. It enables you to get instant treatment without draining your pockets. Health insurance gives you a sense of security knowing that you’re ready for any unplanned health related cost.

Can I port my health insurance policy from one health insurance company to another?

The answer here is yes because you can transfer your health insurance policy from one firm to another and still enjoy benefits. IRDAI permits policyholders to move to another insurer but retain benefits such as waiting terms and the no-claim bonus. It is important to go through the portability procedure, provide required documentation and notify your incumbent insurer within the specified period.

Should my health plan have a waiting period?

Ideally, if you are looking for the best health insurance plan suitable for your needs, then it must not have any waiting period. You should be covered from day 01. ACKO offers a health plan with zero waiting period for undisclosed medical conditions. It's called ACKO Health Insurance Policy.

What percentage of the claim amount do I need to pay while claiming ACKO Health Insurance Policy?

You bear 0% of the claim amount while claiming ACKO Health Insurance Policy. This is because of the feature called zero deductions at claims. There are no out-of-pocket expenses involved under this plan provided you adhere to the applicable terms and conditions.

What happens if insufficient medical equipment is unavailable when I face an emergency?

Under the ACKO Health Insurance Policy, we can arrange the necessary transport by air, rail, or road ambulance if enough medical equipment is unavailable when you face an emergency. This will ensure you receive the necessary treatment in the fastest manner possible.

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.