Best Health Insurance Plans in India to Choose in 2022-23


6 min read

According to reports, only a small percentage of people have health insurance in India even though it has a huge population, and over a period has built a robust healthcare system. However, in the present scenario, with the covid19 virus evolving so fast and the country suffering several waves of infection, a need to protect oneself from any health crisis is crucial. With the increasing number of hospitalizations and rising medical expenses, more and more people are realizing the essence of health insurance. Citizens have realized the importance of buying the best online health insurance, which acts as a financial buffer and aids in managing the financial burden during times of crisis.

Different Types of Health Insurance Policies in India

There are numerous health insurance policies on the market. However, each one belongs to a different category. So before knowing about, which health insurance is best in India, let us take a look at different types, which are:

  • Individual Health Insurance: Health insurance policy covering one person/individual
  • Family Health insurance: A policy that protects all family members
  • Group Health Insurance: Covers employees who work in a business organization
  • Critical Health Insurance: A policy that protects against critical illnesses such as cancer, heart disease, kidney issues, etc.,
  • Senior Citizen Health insurance: Policy that provides coverage for seniors (aged 65 years and older)

10 Best Health Insurance Policy in India 2022-23

With various insurance companies offering health insurance policies in the country, consumers can find it a little challenging to choose the best medical insurance in India. Every person has different needs in terms of health insurance and it is best to evaluate ones needs and priorities before making a purchase.

Based on the essential services expected by policyholders in a health plan, like emergency treatment charges, OPD, pre-and post-hospitalization expenses, and claim settlement, here are the best health insurance plans that are not in any particular order.

Also Read: Individual Health Insurance

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Below is a detailed list of the best health insurance plans in India:

1. ICICI Lombard Complete Health Insurance

Insurer: ICICI Lombard Health Insurance

ICICI Lombard health insurance offers this comprehensive plan for your family and yourself that allows you to incorporate all members of your family into one policy through the option of a family floater. Select a coverage that best suits the needs of your family, including pregnant cover, OPD claims, critical illness coverage, donor expense coverage, etc., Among the advantages of this policy are no pre-medical examinations, no limits on hospital room rental, or co-pay for persons who exceed the age of 45 years. The policyholders are also eligible for two free health check-up coupons each year.

2. Manipal Cigna Lifetime Health

Insurer: Manipal Cigna Health Insurance

Manipal Cigna Lifetime Health plan by Manipal Cigna Health Insurance Company guarantees a complete health insurance policy that offers coverage up to 3 crores for global coverage and domestic coverage per person. They also promise to cover hospitalization for inpatients in India and abroad, no limit on room rental for coverage worldwide, and unlimited restoration benefit of the sum insured for diseases that are not related for coverages within India.

3. Apollo Munich Maxima

This health insurance plan from Apollo Munich offers OPD coverage for day-care procedures and cashless options for testing, pharmacies, optical care, and dental care. The minimum age required to be eligible for the plan is 91 days old and, the maximum age to join is fixed at 65 years old. Some of the useful coverage benefits are in-patient treatment, day-care procedures, pre-hospitalization and post-hospitalization expenses, expenses related to maternity. Policyholders can also make use of the complimentary health check-ups facility for a claim-free year at any of their network hospitals.

4. Bajaj Allianz Tax Gain Plan

Insurer: Bajaj Allianz Health Insurance

This Health insurance policy offered by Bajaj Allianz provides comprehensive cover for hospitalization and OPD expenses. In addition, the plan is an individualized service for seniors and ambulance coverage, a cashless claim facility, along with co-payment waivers. Moreover, benefits over tax are provided to the policyholder through section 80D of the Income Tax Act. The company also offers low-cost premium options beginning at Rs.5000 to select the best choice for your healthcare requirements.

5. Niva Bupa (Max Bupa) Heartbeat

Insurer: Niva Bupa Health Insurance

Max Bupa health insurance offers a comprehensive family and individual health plan that covers coverage that starts at five lakhs. For a minimum insured amount, this plan comes with a variety of benefits like no limit on room rent and international coverage. Other notable features are reimbursement for OPD treatments, loyalty bonuses, and maternity coverage. The plan also protects treatments that are covered in the context of Ayurveda, Unani, Siddha, and Homeopathy.

6. Aditya Birla Activ Health Enhanced Plan

Insurer: Aditya Birla Health Insurance

Aditya Birla Activ Health Enhanced Plan, a distinct health insurance plan by Aditya Birla, assures health Insurance and Wellness Benefits and Chronic Care coverage in one policy. It offers coverage for the latest procedures like oral chemotherapy and robotic surgeries and insurance for dental consultations and hospitalization for mental illness. Moreover, using their wellness program, one can get discounts up to 100 percent of the premium for being just healthy. The total sum insured available with the policy can range between 2 lakhs to 2Crores.

7. Bharti AXA Health AdvantEdge

Bharti AXA Health AdvantEdge policy comes with a range of benefits in addition to hospitalization claims. It offers OPD coverage for medical and dental expenses and vaccination for infants within the 1st year and a domestic air ambulance, domiciliary hospitalization/ home treatment, etc. Additionally, there are health and value-added services that one could get by availing this plan with a minimum amount of sum insured starting at two lacs and going up to 3 crores.

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8. Care Health Insurance Plan

Insurer: Care Health Insurance

Care health insurance plans provide coverage with OPD facility for a sum insured of 5 lakhs to 6 crores. It also comes with unique benefits such as hospitalization costs as well as day-care or OPD costs, Domiciliary hospitalization and waiver of Co-payment, and a vast hospital network that can offer the treatment without cash and more., The insurance coverage on OPD is available as an option that could be used to obtain a reimbursement amount equivalent to the medical expenses after treatment is completed.

9. Digit Health Care Plus OPD Insurance Plan

Insurer: Digit Health Insurance

The Digit Care Plus is a health insurance policy that covers OPD expenses. It is intended to cover the costs incurred by policyholders in the Outpatient Department (OPD) during the term of the policy. In addition to it, the policy also provides COVID-19 insurance, as well as other standard features that are available online on their website.

10. SBI Arogya Plus Plan

Arogya Plus policy from SBI insurance might be the best health insurance policy for family and yourself if you seek a health insurance policy and OPD coverage. A sum insured starting from Rs. 1, 2, or 3 Lakhs and a flat-rate premium for the year covers your in-hospitalization expenses. No Medical tests are required for individuals below 55 years of age who have no medical history. There are a variety of optional coverages included in the plan, including HIV/AIDS insurance and mental illness coverage. Genetic disorder coverage and so on.,

The above plans will help you in choosing the best from the lot, but ultimately, you decide to opt for the right health policy in India that suits the most and is beneficial, considering your medical history, family requirements, premium-paying capacity, tenure, etc.

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Answer a few simple questions to determine the ideal plan that suits you best at PayBima Health Advisory.

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FAQs: Best Health Insurance Plans in India

Is it really worth it to buy health insurance?

Health insurances are not only effective in covering future costs but also offers financial relief.
They also offer tax deductions under Section 80D on the premium.
Also, purchasing a health insurance policy can help you receive medical care without disturbing your
savings. Health care plans today offer much more than mere hospitalization expenses.

Which health policy is best?

Here are some best health policies:

· Royal Sundaram Lifeline Supreme Health Plan
· SBI Arogya Premier Policy
· Star Family Health Optima Plan
· Tata AIG MediCare Plan

Which Mediclaim is best for the family?

Here are the top mediclaim policies for family:

· Niva Bupa Health Companion.
· Niva Bupa Heartbeat.
· Apollo Munich Optima Restore.
· Reliance Health Gain Plan.
· ICICI Lombard Health Care Plus.
· New India Floater Mediclaim Policy.
· New India Asha Kiran Policy.

Which is the best health insurance company in India 2022?

Here are the best health insurance company in India 2022:

· HDFC ERGO my: Health Suraksha Plan
· Care Health Insurance Policy
· Care Freedom Policy
· Bajaj Allianz Health Guard Policy
· Aditya Birla Health Insurance
· Bharti AXA Health Insurance

How to choose a health insurance plan?

Here are some tips to choose a health insurance plan:
· Look for the right coverage.
· Keep affordable premiums.
· Prefer family plans over individual health plans.
· Choose a plan with lifetime renewability.
· Compare quotes online.
· Check network hospital coverage.
· Check high claim settlement ratio.
· Choose the kind of plan & enter your detail

Which is the best cashless medical insurance plan in India?

Here are some of the best cashless medical plans:

· ICICI Lombard Health Care Plus
· Care Health Plan (formerly known as Religare)
· Niva Bupa Health Insurance
· Bajaj Allianz Health Insurance Family Floater

Other Health Insurance Products

Feb 02, 2022
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PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.

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