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Updated on Nov 21, 2023
When it comes to any government scheme including health insurance plans, they are considered to be better and more reliable as compared to private policies. Also, governments of different countries across the globe work continuously to provide the best health facilities to its citizens. They adopt various means to educate people about health issues and ensure to promote good medical facilities and health insurance to the citizens. The Indian Government has also been active with various actions and initiatives time and again to enhance the healthcare facilities offered to their citizens. Along with other initiatives, they also avail citizens with reliable and cost-effective health insurance policies so that every citizen can make their best use. Let us read more about some of the best health insurance in India in this post.
Any health insurance policy that is introduced and initiated by the state or central government is called a Government Health Insurance Scheme. These government schemes are designed to provide sufficient health coverage at a low price and on a yearly basis.
Features | Regular Health Insurance | Government Health Insurance |
Who is eligible? | Available to everyone across society | Mostly available for economically unprivileged groups |
What is the sum assured? | Depending on the policy might go up to 5 Crores or more | Up to INR 5 lakh approx. |
What is the Premium to be paid? | Depends on the insurance plan | INR 100 approx. or maybe fully paid by the government (as per the plan) |
Coverage offered | Has a broader coverage | Has narrow coverage |
Is a private hospital room Available? | Available (as per the plan) | May not be available (depends on plan) |
How to purchase a policy? | Can be bought instantly online | The purchase may be time-consuming |
Availability of network hospitals | Wide network of private hospitals | Include large numbers of both private and public hospitals |
Are maternity benefits available? | Mostly available (depends on plan) | Mostly not available |
Are ambulance charges covered? | Covered under most plans | Covered under fewer plans |
Does it cover domiciliary hospitalization? | Available | Not available |
Is online renewal available? | Online renewal is possible | Online renewal may not be possible |
Cumulative bonus availability | Available (as per the terms) | Not available |
Health check-up | Covered under some plans | Not covered |
Monthly premium installment facility | Available | Not available |
Tax benefits | Available | Not available |
The threat of serious diseases has grown manifold. Thus, there is an ardent need for everyone to have the best health insurance coverage. Over the years, the overall health consciousness among people in the country has seen positive changes. Hence, health insurance policies have become popular among everyone today. Further, several governmental initiatives have improved the situation all the more.
Below are the top three public insurers in India along with their health insurance plans and varied features. You can evaluate these policies for your better understanding before buying a plan:
Established in the year 1919 by Sir Dorabji Tata, this is a wholly owned Indian Government subsidiary company. This is a global company with branches over 28 countries across globe and holds the leading position in India in the general insurance segment. The insurer has a strong presence in the domestic as well as global sphere. In India, it operates through its 2452 offices at present. The company offers a variety of insurance policies and functions with effective technology and management structure. This is the single insurer in India who is regarded as a direct insurer.
Benefits of availing New India Assurance health insurance policies:
Key Features of New India Assurance Company
Top Health Insurance Policies From New India Assurance
Below are some cost-effective health insurance plans offered by the company:
This is a wholly owned Government Insurance Company in India. The insurer is offering policies and serving customers for over a century now with varied insurance plans. With 103.19% of incurred claim ratio for FY 2018-19, National Health Insurance Company presents a plethora of health insurance features in their unique plans which cater to the needs of their customers.
Benefits of Plans by National health Insurance Company:
Key Features/Highlights of National health Insurance
List of National Health Insurance plans:
Oriental Health Insurance was founded on September 12, 1947 as a subsidiary company of Indian Government. This Government Insurance Company has been actively providing coverage to grand steel and power projects, petrochemical projects and so on. The company also offers several good insurance deals to people across cities and rural areas in India. With widespread presence across India, Oriental Insurance company functions through 31 regional and 1800+ offices operating across the country.
Benefits of buying plans by Oriental health Insurance plan:
Key Features/Highlights of Oriental Health Insurance:
List of Oriental Health Insurance plans:
Read More: Top Health Insurance Companies in India
To Sum Up
These government health insurance policies are offered to enhance healthcare of citizens and to safeguard people against monetary crisis at the time of health emergencies. Any Indian citizen can avail these public health insurance policies offered by reputed government insurers.
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The public health insurance schemes are introduced by the government for the welfare of the common public. These schemes help people to avail of health insurance coverage at a minimal cost.
The eligibility criteria are generally different for different plans. They generally depend on a particular plan. Policyholders may check the criteria and other important aspects of specific plans before purchasing the policy.
Most government health insurance plans do not cover cosmetic surgeries and many other procedures. Hence, it is important to compare plans and read the documents to know all the exclusions.
No, both the central and state governments introduce health plans for the general people.
Although not every government health scheme is available online, there are some health policies offered by the government, which can be availed online.
No, all government health plans do not have a similar or fixed sum insured. The sum assured varies from policy to policy. Most government health plans are available at low premiums.
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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