TOP 5 HEALTH INSURANCE PLANS IN INDIA

 TOP 5 HEALTHINSURANCE PLANS IN INDIA

               

                                

• Picking the right health insurance plan is hard.

• People delay buying because it takes time to research.

• So, this guide compares the top 5 health insurance plans in India using data like claim settlement, complaints, features, pricing, etc.

• This is not a financial advice—just a helpful guide from research.

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COMPLETE  INFORMATION :- 

Choosing a good health insurance is a very difficult task. You have to do a lot of research for a long time or even for a few weeks. Because of this research, a lot of people are waiting without taking insurance.

To simplify this effort for you, we are going to take the top 5 plans in India, that is, we are going to take the top 5 plans at this point and compare them. That too with data. When we say data, we need to know the claim settlement ratio, if there are any complaints, what features are there in the policy, are there any good features, likewise, how is your pricing, we need to know everything in detail.

NOTE :- First and foremost, I am not a financial advisor or an insurance advisor. This is the data compiled through my research and online resources. This is just a guidance, there are no products or recommendations in this.

You have to choose what suits you and your situation. In this rating, 0 means bad, 5 means super. Now, we will add these two ratings, compare their value and give a final rating.

Now, we will start directly from the top 5 plans. In the first place, there is STRC Ergo Optima Secure. STRC Ergo is the name of the company, Optima Secure is the name of the plan.

Here, the rating of the insurance company is 4.5. This is the top rated. Their claim settlement ratio, complaints to volume, solvency ratio, we can see how these metrics are here. Next, the feature rating of this policy is also 4.5. Before STRC, the policy called Optima Restore was the bestseller.

Because its features were very good. Optima Secure gave better features than that and became the bestseller. A very attractive feature of this policy is that, from the first day we bought it, they would have given us double the coverage.

                                   
That is, if you have taken a plan with a coverage of 10 lakhs, from the first day, they will add another 10 lakhs as a secure benefit. That is, we have a total coverage of 20 lakhs. Next, in many policies, only medical costumes and doctor costumes will be covered.

Non-medical items cannot be covered. When I say non-medical items, I mean gloves, bandages, syringes, all such things will be covered separately. But in this plan, they will cover all these without any extra cost.

Next year, you will get an extra coverage bonus of 50%. That is, if you take a policy of 10 lakhs, after a year, they will add an extra 5 lakhs. But they will add this up to a maximum of 100%.

That is, the bonus will be added up to a maximum of 10 lakhs. In many policies, only if you don't claim for a year, they will give you a bonus the next year. Here, even if you claim, even if you don't claim, this bonus will be added to you.

In this plan, there is no limit for room rent. No matter which room you stay in, it will be covered completely. Similarly, there is no limit for copay class, disease-wise sub-limit, there is no limit at all.

Usually, if you want to take a plan, it is very common to take it without a limit like this. If they are alternative medicines, Ayurveda, Unani, they will give coverage for such treatments. Also, once a year, there is a restoration cover.

That is, if we get a lot of medical bills in the middle, and if all our coverage is over, they will completely restore it once. If you pay a little extra and add on, this will turn into an unlimited restoration. That is, whenever it is over, they will refill it again and again.

The only big problem in this policy is its cost. This is an expensive plan. If you have a budget problem, we will take a look at cheaper and better plans next.

                                  

in the second place, there is Care Supreme. The feature rating in this plan is also very good. But the insurer rating is very low when compared to HDFC.

Their advantage is the affordability. The cost of the policy is very low. So overall, according to the final rating, they are in the second place.

We can see their claim settlement ratio, complaints, and other metrics here. Care is the name of an insurance company. This Supreme is the best selling product in that.

The top feature of this plan is unlimited restoration cover. That is, even if it is empty every time, they will automatically refill it. Likewise, there is no sub-limit.

There is no room rent limit, copay class, or business limit. In this plan, even if we claim for a year, even if we don't claim, when we go to the next year, they will automatically give a bonus. You will get a bonus up to 50% and you can take it up to a maximum of 100% here as well.

If you pay a little extra and add on, they will give you an additional 100% bonus. This time, it can be extended up to 500%. That is, if you take a policy with a coverage of 10 lakhs and add on, if you renew it continuously for 5 years, you will get a bonus coverage up to 60 lakhs.

A big advantage over this policy is your cost. When compared to Optima Secure, it is 30% to 50% cheaper. For example, if a 28-year-old person is in a city like Bangalore, in Optima Secure, Rs.13,800 will not be charged for a year.

If we compare this to Care Supreme, Rs.9,000 will be enough. Their negative is that they don't know how smooth the claim settlement is. Likewise, their complaints are more when compared to XTCR.

                                              

Next is Active Onemax from Aditya Villa. Even if the feature is not super duper, the quality and affordability of the insurer are good. There are no limits in this policy.

There are no restrictions like womb rent limit, co-pay class, or disease-wise supplement. Their plus point is that there is unlimited restoration benefit. That is, even if we complete a coverage, they will keep refilling every time.

You will get a free health checkup for a year. Likewise, if we renew the policy, we will give a bonus up to 100%. Even if we don't claim it, even if we don't have a house, this bonus will keep coming.

They have set a particular limit for that. They will give a maximum coverage of 3 crores. Alternative medicines like Ayurveda, homeopathy also have coverage.

The feature to be careful about is the waiting period for pre-existing illness. Usually, if we already have any complaints related to BPO, diabetes, or heart, if we have to claim anything related to that, there will be a wait time. Most of the policies have a wait time of 2-3 years.

You can get these policies in the top features and the lowest price. But the quality rating of the insurer is low. If I have to say a very highlighted feature, they give you an age log benefit.

That is, all these health insurances keep increasing according to our age. After we buy, the premium keeps increasing. In the beginning, whatever premium you took, you can keep touching the same premium.

                                       

If you don't claim, the premium keeps increasing. This is applicable to everyone. That is, no matter how many years you don't claim, you can continue with the premium you took.

But after you claim, this premium also according to our age. There is no co-payment clause here, no room rate claimant, no sub-limits for unlimited restoration benefit and free health check-ups. If they are alternative medicines, they will give Ayurveda and homeopathy treatments.

We can see their claim settlement ratio, compliancy, and other metrics here. They also have a 3-year waiting period for Next, there is a plan called Elevate from ICICI Lombard. Even if their feature rating and affordability are good, their insurer rating is low.

An important reason for this is that their claim settlement ratio is not that high. This plan has a super advantage. Even if there are not many features in your base variant, if you add on and add on, this plan will become exceptional.

For example, if you add on there will be for pre-existing diseases. In this plan, 3 years is a bit too much. But if you add on the diseases you the waiting period will be reduced to 30 days.

This is a very good feature. Likewise, they have many other add-ons. To say the good features of there is no copay class.

They will pay the entire bill. There is no need to split the bill. Likewise, disease-wise sub-limit.

They will cover all existing diseases. They also provide unlimited restoration. If you claim within a year, your coverage will be gone and you will have to refill again.

They will cover alternative medicines in The negative is that there is no unlimited room rent limit. If you want to be admitted in a hospital, they will cover single private room costs. If you want existing diseases, you will at least 3 years.