Top 10 Affordable Health Insurance Plans in India 2024-25 from Top Health Insurance Companies

With rising costs everywhere, nothing comes cheap anymore. Healthcare is no exception to the rule. The cost of medical care in India is increasing by the day and so is the cost of buying health insurance, which is undoubtedly the most important asset every individual must possess. If COVID-19 has taught the world one lesson, it is to insure your life and health over everything else. But health insurance plans too come at a cost, sometimes not easily affordable by all. To top the dilemma is the biggest question of all: Which is the best health insurance company in India that can offer a cheap medi-claim policy?

Here we list out some of the most affordable plans offered by top health insurance companies in India in 2024-25 to help you make a wise and informed choice in inflation times.

Why is Health Insurance the Most Important?

There are clearly no two ways around this question. Health insurance is definitely what every single person today needs in their lives, for life itself is highly uncertain. We don’t know what may or may not happen the very next moment. All we can do is prepare ourselves for it well in advance. This is why it just makes sense to look for the best health insurance company in India and buy health insurance for yourself and your loved ones before a medical emergency hits uninformed.

Of course, the cost of buying health insurance cannot be ignored completely and therefore it is important to consider the premium payable towards the maintenance of your policy in the long term before investing in one.

Best Health Insurance Companies Offering Low Premium Health Insurance in India

As discussed above, since healthcare itself comes at a high price (the cost of a single hospitalization can burn a hole in your pocket), it only makes sense to keep a mediclaim policy in your hand. However, it is equally important that you choose to invest your hard-earned money in buying low cost medical insurance which can be easily afforded for the entire term of the policy purchased. This is because you would need to pay a premium towards maintaining the policy for its entire term until maturity in order to reap its benefits whenever needed.

To make things simpler for you, here is a list of the cheap and best health insurance in India offered by some of the top names in the industry. We shall look at all the various categories of health insurance here – affordable individual plans, cheap health insurance for family, and low-cost senior citizen insurance plans.

Affordable Individual Health Insurance Plans in India 2024-25 from Top Insurers

An individual health insurance plan is exclusively designed to provide coverage to one single individual under a single sum insured. Here are the top individual insurance plans offering affordable healthcare in India:

Individual Health Insurance Plan	Total Sum Insured	Key Features Under the Plan	Premium Payable by a 35 yo Healthy Male for Rs. 5 lakh Sum Insured
Universal Sompo Complete Health Care Individual Essential Plan	Between Rs. 6 lakh and Rs. 70 lakh	OPD cost coverage, in-patient treatment cost for dental procedures, maternity treatment costs	Rs. 6,523
HDFC Ergo Silver Smart Plan	Between Rs. 3 lakh and Rs. 5 lakh	Yearly health checkups for policyholders, no sub-limits on room rent during hospitalization, sum insured restored to the policyholder	Rs. 8,744
Star Health Comprehensive Individual Plan	Between Rs. 5 lakh and Rs. 1 crore	Complimentary health checkups done for the insured, sum insured restored to the policyholder automatically, no sub-limits on room rent at hospitalization	Rs. 8,277
Aditya Birla Active Assure Diamond Plan	Between Rs. 10 lakh and Rs. 1 crore	Cost of alternative treatments covered, such as Ayush, Ayurveda, Yoga, Unani, Siddha, Naturopathy, Homeopathy, nearly 586 day care procedures covered, second opinion on critical illnesses also covered	Rs. 7,919

 

Low-Cost Health Insurance Plan for Family

Here are some of the best and cheapest health insurance plans for family that you can consider buying for your loved ones. The table below lists the lowest premium payable towards family floater plans purchased for family:

Family Floater Health Insurance Plan	Total Sum Insured	Key Features Under the Plan	Premium Payable by a 35 yo Healthy Male for Rs. 5 lakh Sum Insured
HDFC Ergo Health Optima Restore	Between Rs. 5 lakh and Rs. 50 lakh	50% No Claim Bonus (NCB) provided to the insured every claim-free year, full sum insured restored, complimentary health checkups annually	Rs. 12,392
Aditya Birla Platinum Enhanced	Between Rs. 2 lakh and Rs. 2 crore	No capping on hospital room rent, coverage for chronic illnesses provided from day 1 of policy, full sum insured restored	Rs. 12,648
Religare (Now changed to Care Insurance) Care Plan	Between Rs. 4 lakh and Rs. 6 crore	Second opinion with doctor complimentary, sum insured restored automatically, no sub-limit on single private room at hospital	Rs. 10,885

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Cheapest Health Insurance Policy for Senior Citizens

Here are some of the best and cheapest health insurance plans for seniors in India that you can consider buying for your elderly above 65 Age. The table below lists the top affordable plans for the elderly:

Senior Citizens Health Insurance Plan	Total Sum Insured	Key Features Under the Plan
IFFCO Tokio Family Health Protector	Between Rs. 1.5 lakh and Rs. 30 lakh	Coverage for critical illnesses, treatment costs provided for more than 160 daycare procedures, no pre-policy tests required for people up to 60 years of age
Star Red Carpet Senior Citizen Health Plan	Between Rs. 1 lakh and Rs. 25 lakh	Coverage for all modern treatments, no health checkups required before entering into the policy, coverage for OPD visits
Oriental Individual Mediclaim Policy	Between Rs. 1 lakh and Rs. 10 lakh	Coverage for Ayush treatments. dental treatment procedures due to accident/mishap, option for voluntary co-payment to insured, daily cash benefit for hospitalization