Health Insurance 1680 views December 26, 2019

Best Health Insurance In India For Middle Class

The popular phrase ‘Health is wealth’ is indeed so rightly said. Without good health, one cannot really do or achieve anything in life. When it comes to health, it is important to not take it for granted. In the current world we live in, everything seems to be adulterated. This, in turn, gives rise to a number of illnesses and diseases. Owing to the drastically increasing healthcare costs, it is important to invest in a health insurance policy. Health insurance plan is an insurance policy that covers all your medical costs and hospital expenses. It takes an entire lifetime to accumulate savings, however, healthcare costs can completely finish up your savings in no time. This is exactly where a health insurance plan comes into play and acts as your saving grace!

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List of The Best Health Insurance In India For The Middle Class

Care Health – Care Plan

Care Health Insurance Company Limited is a well-known insurance company in India. It has established Religare Care Plan, which is a comprehensive health insurance plan that is specifically designed to fulfil an individual as well as the family’s health care requirements. It comes in five variants- Care 3 (Super Saver), Care 4 (Elite), Care 5 (Elite Plus), Care 6 (Global) and Care 7 (Global Plus).

  1. 93% incurred claim ratio
  2. Minimum entry age is 3 months for children and 18 years for adults. No maximum age limit.
  3. Minimum sum assured is 3 Lakh INR and maximum sum assured is 60 Lakh INR
  4. Covers 6 members

Max Bupa Health Companion Plan

Max Bupa Health Insurance Company offers a well-established, thoughtful and all-inclusive health insurance plan known as Max Bupa Health Companion Plan. It has three variants- health companion individual, health companion family floater and health companion family first. It includes facilities like direct claim settlements, cashless services and lifelong renewability.

  1. 96% incurred claim ratio
  2. Minimum age at entry must be 3 years for children and 18 years for an adult; no maximum age limit
  3. Minimum sum assured is 3 Lakh INR and maximum sum assured is 1 crore INR
  4. Covers 6 members

Star Family Health Optima Plan

Star Family Health Optima Plan is another advantageous health plan for the middle class, as it offers a wide coverage that covers the entire family. Being an all-inclusive health plan, it also offers automatic restoration of sum insured amount, bonus, lifetime renewability, recharge benefits and so on.

  1. 90% incurred claim ratio
  2. Minimum entry age is 16 days for children, 18 years for adults and maximum age at entry is 65 years
  3. Minimum sum assured is 2 Lakh and the maximum is 15 Lakh
  4. Covers 5 members

HDFC Health Suraksha Plan

HDFC Health Suraksha Plan is a specifically characterised plan that provides the coverage needed at affordable prices. This is why it is considered one of the best health insurance in India for the middle class. Covering all expenses incurred at the hospital, this plan also offers a no claim bonus, if no claims are made during a policy year.

  1. 97% incurred claim ratio
  2. Minimum entry age is 3 years and the maximum age has no limit
  3. Lifelong renewability
  4. Minimum sum assured is 3 Lakh INR and maximum sum assured is 7.5 Lakh INR
  5. Covers 4 members

Bajaj Allianz Family Floater Health Plan

Bajaj Allianz insurance is yet another widely known company that provides effective and beneficial health insurance plans. It’s Family Floater Health plan offers coverage to your loved ones (spouse, parents and kids) at very nominal rates. It can also be customized as per the medical requirements of your family members. What makes this plan so affordable is that you can cover your entire family under one sum assured.

  1. 98% incurred claim ratio
  2. Minimum entry age for a child is 3 months, the adult is 18 years and the maximum is 65 years
  3. Minimum sum assured is 2 Lakh INR to 10 Lakh INR
  4. Covers maximum of 6 members

Oriental Insurance Happy Family Floater Insurance Plan

Oriental insurance, a well-reputed health insurance company offers the happy family floater insurance plan that comes in two variants- gold and silver. This plan allows you to cover your family under a single sum assured. A notable feature is that it covers planned as well as unplanned hospitalization costs until the sum insured amount.

  1. 89% incurred claim ratio
  2. Minimum entry age is 91 days for children, 18 years for adults and maximum age is 55 years
  3. Minimum sum assured is 1 Lakh INR and the maximum is 10 Lakh INR
  4. Covers maximum of 8 members

Conclusion

A health insurance plan is a policy that will shield you in unfortunate times by making sure you don’t wipe off all your savings. For the common man, it is extremely advantageous to have a insurance plans that protects the entire family from soaring hospital and medical costs. There is, of course, no one best health insurance plan. However, the above few are comprehensively the best health insurance plans in India for the middle class. Depending on your requirements and specific medical needs, it is important that you think and make a wise decision.

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