Top 10 Affordable Health Insurance Plans in India 2024-25 from Top Health Insurance Companies
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Are you searching for the most affordable Health Insurance Plan for 2024-25 in India from the best Health Insurers? Check out our curated list of the best health insurance plans in India offered by the top health insurance companies this year.
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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 |
Helpful Posts Related to Family Health Insurance – How a Family Floater Health Insurance Plan Works? | Inclusions and Exclusions Family Health Insurance Policies | 5 Affordable Family Health Care Plans 2022
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 |
Generally, the premium payable towards your health insurance policy tends to increase as you get older. This also means that upon each renewal of the plan, you would need to pay a slightly higher premium than earlier. In addition, in case you opt for a higher sum insured at the time of policy renewal or choose to include another family member in your plan, the premium amount increases.
There are a number of health insurance plans that offer the best coverage, cashless hospitalization benefits, and have a wide network hospital base. Some of the best health insurance policies to consider buying in 2022 are:
1. Star Family Health Optima Plan:
Entry Age - Min. 18 years; Max. 65 years
Sum Insured Range - Between Rs. 1 lakh and Rs. 25 lakh
Network Hospitals - More than 9,900
2. United India UNI CritiCare Health Care Plan:
Entry Age - Min. 18 years; Max. 65 years
Sum Insured Range - Between Rs. 1 lakh and Rs. 10 lakh
Network Hospitals - More than 7000
2. Universal Sompo Complete Healthcare Plan:
Entry Age - Min. 18 years and Older
Sum Insured Range - Between Rs. 1 lakh and Rs. 10 lakh
Network Hospitals - More than 5000
The insurer must satisfy the following criteria:
It must have a high Claim Settlement Ratio (CSR).
It should provide cashless hospitalization benefits to the insured.
It must enjoy good credibility in the market.
Its network hospital base should be wide.

Author Bio
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.
Over to You
Care Health Supreme and HDFC ERGO Optima Restore are among the best health insurance policies in India today. It is a matter of your priority, coverage depth over cost effectiveness. Here’s a quick recap for you to make an informed decision.
Both offer coverage of up to ₹1 crore; Optima Restore starts at ₹3L, Care Supreme at ₹7L. Supreme offers unlimited recharge; Optima Restore offers 100% once a year, after a claim is made. Care includes OPD + unlimited e-consults; Optima lacks OPD, allows one consultation/year. Care gives a 30% discount + 500% bonus; Optima offers 8% discount + 50% bonus. Care Supreme is costlier but has more features. Optima suits budget buyers; Care fits those needing wider, long-term coverage.
Whichever health insurance plan you choose, ensure to read the policy wordings and seek advice from an expert before you make the purchase. The best health insurance is the one that covers you the way you want to be covered.
Speak to an Advisor Both offer coverage of up to ₹1 crore; Optima Restore starts at ₹3L, Care Supreme at ₹7L. Supreme offers unlimited recharge; Optima Restore offers 100% once a year, after a claim is made. Care includes OPD + unlimited e-consults; Optima lacks OPD, allows one consultation/year. Care gives a 30% discount + 500% bonus; Optima offers 8% discount + 50% bonus. Care Supreme is costlier but has more features. Optima suits budget buyers; Care fits those needing wider, long-term coverage.
Whichever health insurance plan you choose, ensure to read the policy wordings and seek advice from an expert before you make the purchase. The best health insurance is the one that covers you the way you want to be covered.

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