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Friday, November 12, 2021

which is the best Health Insurance currently in india

 which is the best Health Insurance currently in india



Health Insurance Plans


What is Health Insurance


Good health refers to being in a condition of complete mental, physical and social well-being but not mere absence of illness. It is possible to get health insurance cover when leading a healthy life. But getting a comprehensive health insurance cover may be denied for your near and dear ones on acquiring some illness. Certain medical emergencies are difficult to foresee or prevent.


However, we can account for them with our variety of health insurance plans based on customer’s needs.
Health insurance plans cover medical expenses that arise due to illnesses, accidents and include most of medical or surgical treatments to restore good health. In short, health insurance plans help ease fears, facilitate quality care, offer timely intervention for those affected and allow them to focus more on recovery.





Benefits of Health Insurance Plans


Star Health Insurance offers various health insurance plans to meet customer`s needs and provides hassle-free in-house claim settlement. With our health insurance plans, you can benefit from:
Cashless Facility
Tax Exemptions
Value-Added Services
Enduring Trust
Customer Centric
Cashless Facility from Network Hospitals: Speed is the essence when treating the ailing. The cashless facility supported by our health insurance plans across India is the need of the hour. Star Health and Allied Insurance Company Ltd., processes more than 90% of hospitalization related to mediclaim health insurance claims within 2 hours under the cashless facility and 88% of claims get settled within 7 days on submission of complete documents under reimbursement.







Tax Exemptions: Under Section 80 D of the Income Tax Act 1961-2021, an income taxpayer can avail tax exemptions on premium paid towards medical health insurance policies. The taxpayer can avail tax exemptions for premiums paid towards self, spouse, dependant children and parents.


Value-Added Services: Star Health Insurance Company provides value-added benefits like e-Medical Opinion, Telemedicine Services, Wellness Programs and rewards (which can be converted to premium discounts on renewals) and many more as value-added services. Star Health Insurance Company justifies being the Health Insurance Specialist.


Enduring Trust: Star Health Insurance, being the Health Insurance Specialist upholds the customer values and helps them at times of hospitalization or daycare procedures for medical emergencies.


Customer Centric: Star Health continues to provide convenient digital platforms and communication channels that are accessible and reachable to customers. We aim to meet our customers at the right time, in the right way, with the right care in a way that brings value to our customer’s delight.





Mediclaim Health Insurance Policies


Health Insurance Plans provide Comprehensive Coverage

Star Health mediclaim health insurance policies will cover all 24-hour in-patient hospitalizations due to illness, accidents and daycare treatments/procedures. All related pre-hospitalization and post-hospitalization expenses are also payable up to the specified days mentioned in the policy clause.


Health Insurance Plans provide more Flexibility

Star Health Insurance plans provide more flexible benefits when the policyholder goes through certain hardships. For instance when the sum insured gets exhausted, additional coverage is provided without any extra premium. This is where benefits like Automatic Restoration of basic sum insured, Super Restoration of basic sum insured and Road Traffic Accident (RTA) on the sum insured comes into place.

Note: These flexible benefits are product/policy specific. Please refer to the policy clause to know more.


Health Insurance Plans Allow Additional Disease-Specific Coverage

With Star Health, the insured can avail of disease-specific policies for critical illnesses, cancer and cardiac ailments along with in-patient hospitalization as a general mediclaim health insurance policy. We have a wide range of mediclaim health insurance policies to choose like Star Criticare Plus Policy, Cardiac Care Platinum Insurance Policy, Cancer Care Platinum Insurance Policy and Diabetes Safe Insurance Policy.


Health Insurance Plans Cover non-Hospitalization Expenses

The insured can avail of non-hospitalization expenses covered with most of our mediclaim health insurance policies. Those include pre- and post-hospitalization expenses, annual health check-ups, out-patient care treatments, diagnostics, consultations, etc.







Our Health Insurance Plans

Health issues increase with a sedentary lifestyle and advancement in age to a larger population. The current pandemic situation has underlined the need for health insurance more than ever before. All our policies provide cover for COVID-19, on purchase of a health insurance plan by a healthy individual/family if diagnosed with COVID-19 and require hospitalization. Covid-19 treatments are covered with some waiting period as mentioned in the policy clauses.

Our varied, feature-rich health insurance plans are available for several health issues and provide peace of mind at times of financial crisis due to medical contingencies and uncertainties.
Health insurance plans primarily are of different types and are classified under two categories based on their coverage – for an Individual and Family.


Individual Health Insurance Plan

The Individual Health Insurance plans cover an individual, and the sum insured typically. Opted Sum insured can be used by the insured individual only.


Family Floater Health Insurance Plan

In the context of Family Health Insurance, a family indicates self, spouse and the dependent children and parents.

The Family Floater Health Insurance plan covers an entire family with a single premium, and the sum insured floats among the insured family members. At hospitals across India, the insured and family members can avail of quality-assured in-patient hospitalization, modern treatments, diagnosis, surgeries, etc along with a host of other features.





Here are our health insurance plans:

Diabetes Safe Health Insurance Plan


Diabetes is among one of the most common disorders with a huge number of 50.9 million people, driving India to the second position of the most affected country in the world, says Diabetes Foundation of India in a recent survey. A sedentary lifestyle, usage of tobacco, unhealthy food habits are the factors that stands foremost leading to diabetes, according to WHO.
Star Diabetes Safe Health Insurance Plans offers coverage for regular in-patient hospitalization due to illness/accidents and diabetes complications arising out of Type 1/Type 2 . This is a specialized plan designed for people already with a history of diabetes. The plan covers diabetic complications and all other illnesses that require 24 hours of hospitalization on both individual and family floater basis.



Super Surplus Top-Up Health Insurance Plan(Gold Plan)


During the pandemic, even the best coverage is not sufficient. The Super Surplus Health Insurance Plan is a top-up plan that will cover medical costs, over and above a threshold limit. The plan is designed to cover exorbitant medical expenses with affordable premiums up to 1 crore sum insured. The Super Surplus Top-Up plan is available both on an individual and floater basis that can cover your family too.

Cardiac Care Platinum Health Insurance Plan


Your heart needs all the extra care and timely protection. Cardiac Care is a unique health insurance plan that helps individuals from the age of 7 to 70 years, diagnosed with a cardiac ailment or undergone a cardiac surgical intervention.







Star Comprehensive Health Insurance Plan


As the name itself says, Star Comprehensive Health Insurance Plan is an all-inclusive plan that can cover the entire family from an entry age of 18 to 65 with a lifetime renewability benefit.
With individual and family floater coverage, this health insurance plan offers various sum insured options. Depending on their needs, individuals/families can choose the specified sum insured option with a minimum of 5 lakhs and a maximum of 1 crore.
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Senior Citizen Red Carpet Health Insurance Plan


Star Senior Citizen Red Carpet Health Insurance Plan is an ideal health insurance policy for senior citizens in the age group of 60 and 75 years. The policy comes with a lifelong renewal option, covering a range of daycare procedures/treatments, pre-existing diseases, modern treatments and significant medical interventions that may be required for the elderly. The USP of this plan is that, on choosing sum insured options of 15 lakhs and above, a nominal co-payment of 30% is applicable for all medical claims and can get exemption from co-payment on cataract surgeries.
Return your parent’s unconditional support and love they bestowed. Ensure parents receive the right protection and care during their old age by gifting them the Senior Citizen Red Carpet Policy and avail tax exemption under section 80D.
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Family Health Optima (Floater) Health Insurance Plan


Providing family needs can be economically challenging. Hence, a super saver policy keeping the expenses to a minimum yet covering the whole family can be your option. The FHO (Floater) Health Insurance Plan is appropriately priced so that you can cope with the most challenging health issues of every family member, even the youngest ones. Protect your newborn from the very start of the 16th day of birth from any medical complications with in-hospitalisation charges covered.
This plan comes with an array of USPs like Automatic Restoration at 300% of sum insured, repatriation of mortal remains, compassionate travel, emergency domestic medical evacuation, organ donor expenses, recharge benefit, sum insured for road traffic accidents, assisted reproduction treatment and more.
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Mediclassic Health Insurance Plan


The Mediclassic Health Insurance Plan provides a plethora of benefits for individuals. With this feature-packed health insurance plan, anyone from 16 days to 65 years can be covered with no capping on age for renewals after 65 years.
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Arogya Sanjeevani Health Insurance Plan


Arogya Sanjeevani means wellness forever, something we want for ourselves and everyone around us. This wholesome health insurance plan mandated by IRDAI allows higher penetration of health insurance including self, spouse, dependent children and parents up to 65 years of age, of course with a lifelong renewal option.
If purchasing affordable health insurance covering the basics is on your wish list, the Arogya Sanjeevani Policy is a great choice for the rural population offering a 20% discount. Preserve the tight-knit bonds of families in sickness and health with coverage up to 10 lakhs for in-patient hospitalisation, daycare procedures, COVID-19 treatment, AYUSH treatment and more.





Outpatient Care Insurance Policy



It’s better to solve a problem in the beginning than it becomes much bigger. Consulting a doctor to resolve a problem, outpatient consultations and treatments are the most crucial in the general maintenance of our health. Outpatient treatments cannot be avoided and will be on top priority to feel good. Imagine the money you could save on that consultation with your dentist for a root canal, or the times you have visited an eye clinic.
The Outpatient Care Insurance Policy covers outpatient treatment expenses like consultant fees, pharmacy bills, payments for X-rays, investigations and diagnostics physiotherapy, the so-called out-of-pocket expenses that may not be covered in your standard health plan. This health policy is available in three variants – Silver, Gold and Platinum. It is an industry-specific health insurance plan exclusively covering OP consultations. Reap the benefits of premiums discounted up to 25% post 2 claim-free years.
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Hospital Cash Health Insurance Plan


When it comes to treating a loved one, even the little things matter. Star Hospital Cash Health Insurance Plan is designed to take care of every little expense you incur during your hospitalisation.
The Hospital Cash Health Insurance Plan provides daily hospital cash when you are confined in the hospital. The Policy can be a supplement or add-on to all the medical plans offered by Star Health. You can avail of cash-in-hand benefits of up to Rs. 5000 per day for the number of days chosen by you.
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Young Star Health Insurance Plan


India is one of the countries with the youngest population globally. India’s millennials are a valuable asset to the economic growth of the country. Hence, the youth of the nation should be filled with vibrancy and energy. Capitalize on the most vibrant years of your life with the help of the Young Star Health Insurance Plan. The plan is specially designed for young adults below 40 who envision a healthy life for themselves and their families.
The plan offers a wide range of benefits ranging from incentive-led wellness programs, the lowest waiting periods, coverage of pre- and post-hospitalisation expenses, no-claim bonus, annual check-ups, automatic restoration of the sum insured and additional basic sum insured for road traffic accidents.
Know More



Star Micro Rural and Farmers Care Health Insurance Plan


Access to good health and hospitals must be available to all. In the case of the Star Micro Rural and Farmers Care Health Insurance Plan, it does not matter where you live or how much you earn. This health insurance plan is designed to safeguard the hands that feed us.
Get an individual health insurance plan for a sum insured of Rs. 1 lakh and a family floater plan for Rs. 2 lakh, respectively. Get coverage on room rent, consultant fees, ICU charges, modern treatments and all daycare procedures

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Types of Health Insurance in India

Mentioned below are the different types of health insurance available in India:

1. Individual Health Insurance

2. Family Floater Health Insurance

3. Critical Illness Insurance



4. Senior Citizen Health Insurance

5. Group Health Insurance

6. Maternity Health Insurance

7. Top-Up Health Insurance

8. Personal Accident Insurance

Best Health Insurance Companies in India 2021

Below is the list of health insurance best companies in India along with their claims settlement ratio of the financial year ended March 31, 2020. Please note that the higher the claims settlement ratio, the better is an insurance company. Let’s read about the top best health insurance company in India as per the claim settlement ratio.


List of Best Health Insurance Companies in India

S.No.

Insurance Company Name

Claims Settlement Ratio

Network Hospitals

Cashless Facility



List of Best Health Insurance Companies in India

S.No.

Insurance Company Name

Claims Settlement Ratio

Network Hospitals

Cashless Facility

1

IFFCO Tokio General Insurance Co. Ltd.

96.33%

6400+

Available

2

Care Health Insurance Ltd. (Formerly known as Religare Health Ins. Co. Ltd.)

95.47%

15500+

Available

3

Magma HDI General Insurance Co. Ltd.

95.17%

4300+

Available

4

The Oriental Insurance Company Ltd.

93.96%

3800+

Available

 

 

5

The New India Assurance Co. Ltd.

92.68%

2500+

Available

6

Bajaj Allianz General Insurance Co. Ltd.

92.24%

6500+

Available

 

 

7

Max Bupa Health Insurance Co. Ltd.

89.46%

5700+

Available8

Navi General Insurance Ltd.

86.98%

10000+

Available

9

HDFC ERGO General Insurance Co. Ltd.

86.52%

10000+

Available

 

 

10

Manipal Cigna Health Insurance Co. Ltd.

85.72%

6500+

Available

11

Edelweiss General Insurance Co. Ltd.

85.57%

2500+

Available

12

National Insurance Company Ltd.

83.78%

2600+

Available

13

Future Generali India Insurance Co. Ltd.

82.96%

5100+

Available

 

 

 

14

Royal Sundaram General Insurance Co. Ltd.

81.50%

5000+

Available

15

Liberty General Insurance Ltd.

81.03%

5000+

Available

16

ICICI Lombard General Insurance Co. Ltd.

78.67%

6500+

Available

 

 

 

17

Star Health & Allied Insurance Co. Ltd.

78.62%

9800+

Available

18

United India Insurance Company Ltd.

78.03%

2500+

Available

19

Reliance General Insurance Co. Ltd.

76.43%

7300+

Available

 

 

 

20

Tata AIG General Insurance Co. Ltd.

76.04%

6200+

Available

21

Bharti AXA General Insurance Co. Ltd.

76.01%

4500+

Available

22

Kotak Mahindra General Insurance Co. Ltd.

75.45%

4000+

Available

 

 



 

The above table includes the best cashless health insurance company in India. The Claims Settlement Ratio Data Source: IBAI’s General Insurance Claim Insights Handbook – A Policy Holders Handbook – 5th Edition.). Network hospital and cashless facility data are sourced from the respective company’s website.

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