Compare Medical Insurance Plans in India

Health Insurance is a type of insurance that offers financial coverage for medical expenses, in the case of policyholder hospitalization. Health insurance plans provide health coverage to the insured with multiple benefits including cashless hospitalization, day-care facility & reimbursement of the incurred expenses and many more.

What is Health Insurance Policy

What is a Health Insurance Policy?

A health insurance policy is a contract between the insurer and policyholder in which insurance company provides financial coverage for medical expenses incurred by the insured. A health policy provides benefit of reimbursement of medical expenses or cashless treatment mentioned in the health policy.

Apart from the medical coverage, a Health Insurance Policy also offers tax under section 80D of the Income Tax Act, 1961.

Medical expenses are sky-rocketing! Get health insurance plans for your medical outlay. With a cashless facility, stay tension-free. Approved by IRDAI, Policy Bazaar helps you compare and find the best health plan.

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Top Health Insurance Plans in India 2020

These health insurance companies are ranked based on their Incurred Claims Ratio. All the insurance companies provide this ratio, which is basically the ratio between the total premium earned in a year and the total claims incurred by these insurance companies. ICR determines the performance of these insurance companies. And the higher this ratio is the better is the claim settlement track record.  And it might be better to just opt for an insurer with a higher ICR.

Listed below are some of the top health insurance plans from some of the best insurance companies:

Insurance Companies Health Plans Sum Insured (Rs.) Network Hospitals Incurred Claim Ratio
Aditya Birla Health Insurance Activ Assure Diamond Plan 10-30 lakhs 5850+ 59%
Bajaj Allianz Health Insurance Health Guard Insurance Plan 1.5-50 lakhs 6500+ 85%
Bharti AXA Health Insurance Smart Super Health Insurance Policy 5 lakhs- 1 Cr. 4300+ 89%
Cholamandalam Health Insurance Chola MS Individual Healthline Insurance Policy 2- 15 lakhs 6500+ 35%
Digit Health Insurance Digit Health Insurance Plan 2- 25 lakhs 5900+ 11%
Edelweiss Health Insurance Edelweiss Health Insurance Plan 5 lakh- 1 Crore 2578+ 115%
Future Generali Health Insurance Future Health Suraksha Individual Plan 5-10 lakhs 5000+ 73%
HDFC Ergo Health Insurance Optima Restore Plan 3-50 lakhs 4721+ 62%
IFFCO Tokio Health Insurance Family Health Protector Policy 1.5- 30 lakhs 5000+ 102%
Kotak Mahindra Health Insurance Kotak Health Premier 4800+ 47%
Liberty Health Insurance Health Connect Supra Top-up up to 1 Crore 3000+ 82%
Max Bupa Health Insurance Health Companion Individual Plan 3 lakhs-1 Cr. 4115+ 54%
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Do you qualify for Medicare? You might have Medicare plan options beyond the federal program, Original Medicare (Part A and Part B). Find out about Medicare Advantage plans, Medicare Prescription Drug Plans, and Medicare Supplement plans.

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