We all have witnessed a bizarre year in 2020. While we faced many challenges, we had equal opportunities for learning as well. Insurance companies are witnessing a sharp increase in health insurance policies owing to coronavirus-related cases registered in India every day. However, choosing the best health insurance plan is still a matter of trouble for the majority of buyers.
Although we have entered 2021 with much anticipation for vaccination, we must not underestimate the importance of a good health insurance policy. And to help you choose the right and best health insurance policy in 2021, I’ll discuss the top 5 medical insurance policies in this article.
Aditya Birla Activ Assure Diamond Plan
Aditya Birla Activ Assure Diamond plan is a smart choice if you are in the lookout for a health insurance plan that is budget-friendly; no doubt why it is in the list of top 5 best health insurance plans 2021. It offers comprehensive coverage to you and your family. The policy comes with a higher range of sum insured to pick from. In short, Aditya Birla Activ Assure Diamond is an ideal medical insurance policy for the protection of your and your family’s health.
Entry Age: Dependent Child: 91 days to 5 years
Individual: 5 years
Children up to 25 years can be added to under floater plan
Maximum Age: No maximum age at entry
Policy Type: Individual/Floater
Sum Insured: Rs. 2 lakhs to 2 Crore.
Plan Tenure: 2/3 years
Copayment: Available if the insured is above 61 years of age
Features of Aditya Birla Activ Assure Diamond Plan
- In-patient Hospitalization: Covers hospitalization expenses including room rent, nursing fee, consultation fee, medicine cost, OT charges, etc.
- Pre-hospitalization Expenses: Covered up to 30 days.
- Post-hospitalization Expenses: Covered up to 60 days.
- Day Care Treatment: The policy covers 586 day-care procedures.
- Domiciliary Treatment (Treatment at Home): Covers expenses incurred from availing treatment at home.
- Road Ambulance Facility: The cost of transportation to a hospital by road is covered.
- Organ Donor Expense: Covers expenses for harvesting an organ.
- Restoration of Sum Insured: 150% of sum insured.
- AYUSH Treatment: In-patient treatment cover including Yoga, Ayurveda, Naturopathy, Siddha, Unani, Homeopathy, etc.
- Daily Allowance: Provides Rs. 500 as daily cash subject to a maximum of 5 days hospitalization.
- Vaccination Cover: For insured children up to 18 years, only for Rs. 1 crore Sum Insured.
- Free Health Check-up: Once in a policy year.
- Second E-opinion in Case of Critical Illness: Covers the expenses incurred due to availing an opinion from a qualified specialist.
- Health Coach: Coaching session for chronic diseases.
- COVID-19 Treatment Costs: Covered.
- Network Hospitals: 6000+
- Reduction in PED Waiting Period (Optional): Opting for this add-on will help you reduce the 48 months waiting period to claim the policy in case of pre-existing illness.
- Super NCB: It is an extension to the inbuilt NCB benefit that helps is accumulate 50% NCB every year up to a maximum limit of 100%
- Room Upgrade Facility: Freedom to choose a room as per the preference.
- The policy offers comprehensive coverage to you & your family with a higher range of sum insured to choose from.
- You can get a health coach to have consultations and sessions on chronic or lifestyle illnesses.
- The company provides 24x7 helpline and customer care to provide prompt post-sale services
Bajaj Allianz Health Guard Family Floater Plan
Bajaj Allianz Health Guard has the second spot on the list of top 5 health insurance plans 2021. It is basically a comprehensive family floater policy. The Sum Insured under the floater policy can be used to meet hospitalization or other permitted expenses for any of the insured members under the policy. The company is known for Known for smooth and quick processing of claims.
But the biggest advantage of Health Guard policy is that the common surgeries that are carried out for aged-people such as piles, hernia, sinusitis, and cataract are covered after a waiting period of 2 years. The policy is available in 3 variants: Silver plan with a sum insured up to Rs. 2 Lakh, Gold plan with a sum insured up to Rs. 50 Lakh and Platinum plan with a sum insured up to Rs. 1 crore.
Features of Bajaj Allianz Health Guard Family Floater Plan
- Minimum Entry Age for the Policy: Adult – 18 to 65 years
- Dependent Children/ Grandchildren: 3 months to 30 years
- Maximum Age for Renewal: Renewable for lifetime
- Waiting Period for Pre-Existing Illness: 3 years
- No-Claim Benefits: For every claim-free year, you will get a 10% per annum increase in the base Sum Insured, up to a maximum of 100% of the base Sum Insured.
- Pre-hospitalization: Expenses for consultation, medical tests, and medicines incurred up to 60 days immediately before hospitalization are covered.
- Post-hospitalization: Expenses incurred during the 90 days immediately after discharge are covered.
- Reinstatement Benefit: 100% of the sum insured specified under inpatient hospitalization treatment cover
- COVID-19 Treatment Costs: Covered
- Network Hospitals: 6500+
- Day Care Procedures: 130 daycare procedures covered.
- Domiciliary Hospitalization: Not covered.
- Alternative Treatments: AYUSH: Ayurvedic and Homeopathic hospitalization covered under the Gold & Platinum plan only.
- No restriction on room rent under the Gold & Platinum variant.
- Diseases like hernia, piles, cataract and sinusitis are covered after a waiting period of 2 years.
- Complimentary Health Checkup: For every 3 continuous policy years for Silver & Gold plan / 2 years for Platinum plan.
CARE Advantage 1 Crore Health Insurance Plan
CARE health insurance holds #3 spot in the list of top 5 health insurance plans 2021. CARE Advantage health insurance can be considered as one of the best family floater plans in the country. CARE has launched the 1 Crore health plan with a motive to provide a higher health cover of Rs. 1 crore at a premium of regular plans. The floater policy combinations can be up to 2 Adults + 4 Children.
In the event of a claim-free year, the sum insured is increased by 10% as a No Claim Bonus (NCB). However, this increase is limited to a maximum of 50% in 5 consecutive years.
Features of CARE Advantage 1 Crore Health Insurance Plan
- Minimum Entry Age: Adult – 5 years and Child 91 days (floater policy)
- Maximum Entry Age: Adult Lifelong and Child 24 years
- Maximum Age for Renewal: Lifelong RenewabilitySum Insured options to choose from 25 Lacs, 50 Lacs or 1 Crore
- No Claim Bonus (NCB): Up to 50% No Claim Bonus
- Coverage for Day Care Treatment: Yes
- In-Patient Hospitalization: Yes
- Co-Payment: 20% per claim, where the age of insured / eldest member is 61 years or above
- Initial Waiting Period: 30 days from any illness
- Named Ailment Waiting Period: 24 months of continued coverage
- Pre-existing Disease Waiting Period: 48 months of continued coverage
- Grace Period: 30 days from the date of expiry
- Room Rent / ICU Charges: No sub-limits for Room Rent charges or ICU Charges.
- Network Hospitals: 7800+
- COVID-19 Treatment Costs: Covered
Max Bupa Heartbeat Health Insurance
It is a comprehensive health insurance product from Max Bupa. The policy provides with medical coverage for individuals and extended family. It’s a unique medical plan to protect your family through all-comprehensive coverage for the incurred medical expenses. Under this policy, 19 different relations including spouse, children, parents, parents-in-law, dependent brothers, dependent sisters are allowed to be covered.
Max Bupa Heartbeat plan comes with three plans: Heartbeat Individual, Heartbeat Family First, and Heartbeat Family Floater. Each plan has 2 to 3 variants: Silver, Gold, and Platinum. Being a comprehensive health insurance policy, it pays attention to the important coverage features such as pre & post-hospitalization, maternity, and newborn benefits, alternative treatments, annual health check-up, and cashless claims processed within 30 minutes*.
Features of Max Bupa Heartbeat Health Insurance
- Cover for treatment outside India for specified diseases up to the Sum Insured subject to payment of extra premiums for USA and Canada.
- The policy offers Maternity benefits for up to 2 deliveries after both you and your spouse are covered for 2 continuous years.
- It covers newborn baby and vaccination without extra premium.
- Covers medical expenses incurred on the treatment done under Homeopathy, Unani, Ayurveda, and Sidha (AYUSH)
- COVID-19 Treatment Costs: Covered
- In-House Claim Settlement: Available
- Network Hospitals: 4,500+
- Renewability: Lifelong
- Minimum Age for cover: Entry age for adults is 18 to 65 years. The entry age for dependent children is from 91 days to 21 years.
- Coverage for in-patient treatment while you or your insured family members are hospitalized
- Waiting Period for Pre-Existing Illness: 2 years for gold and platinum variants and 4 years for the silver variant.
- No-Claim Benefits: Irrespective of claim status, you will get a 10% per annum increase in the Sum Insured, up to a maximum of 100% of the Sum Insured for Gold and Platinum plan and 50% in case of the Silver plan.
- Pre-hospitalization: Expenses for consultation, medical tests, and medicines incurred up to 60 days prior to hospitalization is covered.
- Post-hospitalization: Expenses up to 90 days post-discharge is covered.
- Refill Benefit: In case the base sum insured is exhausted, you can have 100% of the base sum insured refilled.
- Day Care Procedures: 536 daycare procedures are covered.
- Domiciliary Hospitalization: Provided only if there is no bed available in the hospital and a minimum of 3 days treatment is taken at home.
- Maternity Benefits: for delivery of up to 2 children.
- International treatment is covered in the platinum plan. Also, sub-limit for OPD and diagnostic services expenses are available.
HDFC ERGO my: health Suraksha Health Insurance
When the matter comes down to the list of top 5 health insurance plans in 2021, you just can’t shun my: health Suraksha Policy by HDFC ERGO. HDFC ERGO my: Health Suraksha is basically a comprehensive health insurance. The policy aims at providing 360-degree protection against soaring medical expenses and has been specifically designed for individual, families and senior citizens.
Features of HDFC ERGO my: health Suraksha Health Insurance
- COVID-19 Treatment Costs: Covered
- In-House Claim Settlement: Available
- Network Hospitals: 10,000+
- The policy offers multiple sum insured options ranging from Rs. 3 Lakh to Rs. 75 Lakhs.
- The policy is available under 3 variants named as Silver Smart, Gold Smart & Platinum Smart Plans.
- As the name suggests, this health insurance plan from HDFC ERGO has been designed to provide protection to people with any age entry option along with lifetime renewability.
- The policy is available with comprehensive benefits at competitive premiums with an option to pay a yearly premium in 3, 6 and 12 equal instalments.
- It comes with a long-term policy option up to 3 years with an attractive premium rate.
- Provides with several features like in-patient hospitalization, pre and post hospitalization, domiciliary hospitalization, daycare treatment and so on.
- HDFC ERGO my: health Suraksha Health Insurance has some beneficial elements to offer. They comprise of Exclusive covers like Recovery benefit, Air ambulance cover, Infertility cover and Wellness features like fitness discount during renewal, Health incentives for maintenance of health.
- It comes with Flexi benefits like choosing room rent capping and co-pay to avail discounts on premium.
- The policy also offers some discount options like a family discount, long-term policy discount and loyalty discount.
Wrapping Up
So these were the top 5 health insurance plans that you should consider buying in 2021. However, before zeroing in on any particular policy, make sure you are comparing different health insurance plans on offer from different insurance providers to save on premium and to avail the best coverage. And in case you still haven’t been able to make up your mind in terms of choosing a good health cover, make sure you thoroughly read the article to deeply understand the features of these top 5 health insurance plans 2021.
