If you buy insurance for tax saving then heath insurances plans in India are best choice for you.Today we compare top 11 Indian health insurance companies plans. I give seniority wise ranking of these 2016 best health insurance plans on basis of network hospitals and reviews of So here are the best 11 health insurance plans of 2016:-
1. Star Health and Allied Insurance:-
Star Health and Allied Insurance health insurance plan cover 30 days pre and 60 days post hospitalization expanses.
Co-pay in Star Health and Allied Insurance is 20% for those 61 - 65 years old. (Co-pay is a fixed percentage of the hospital bill which you will wish to pay when you make a claim, while the balance amount will be paid by the insurance company. For e.g. If your policy has a 10% Co-Pay clause, it means for a Rs 100 claim, you have to pay Rs 10 while the insurer will pay Rs 90.).
The duration of coverage is Lifetime under this plan.
Pre-existing disease cover is available After 4 years.
Star Health and Allied Insurance has 6,000+ network hospitals so on basis of these network hospitals I rank this plan #1.
Star Health and Allied Insurance incurred claim ratio is 95.76% (Incurred Claim Ratio = Net Claims Incurred / Net Earned Premium. Figures above are for Financial Year 2013-14. The Information provided is available on the IRDA website & public domain.)
for more details and 2016 details you may visit company website here:-http://www.starhealth.in/
2. Bharti Axa General Insurance:-
Bharti Axa General Insurance health insurance plan cover 30 days pre and 60 days post hospitalization expanses.
Co-pay in Bharti Axa General Insurance is Nil. (That,s Great).
The duration of coverage is Lifetime. under this plan. Pre-existing disease cover is available After 4 years.
Bharti Axa General Insurance has 5,000+ network hospitals so on basis of these network hospitals I rank this plan #2.
Bharti Axa General Insurance incurred claim ratio is 80.44% (Incurred Claim Ratio = Net Claims Incurred / Net Earned Premium. Figures above are for Financial Year 2013-14. The Information provided is available on the IRDA website public domain.) for more details and 2016 details you may visit company website here:-https://www.bharti-axalife.com/
3. Universal Sompo General Insurance:-
Universal Sompo General Insurance health insurance plan cover 60 days pre and 90 days post hospitalization. expanses.
Co-pay in Universal Sompo General Insurance is 20% if insured person is over 55 years old.
The duration of coverage is Renewable up to 70 years of age. under this plan. Pre-existing disease cover is available After 3 years.
Universal Sompo General Insurance has 5,000+ network hospitals so on basis of these network hospitals I rank this plan #3.
Universal Sompo General Insurance incurred claim ratio is 102.59%
(Incurred Claim Ratio = Net Claims Incurred / Net Earned Premium. Figures above are for Financial Year 2013-14. The Information provided is available on the IRDA website public domain.) for more details and 2016 details you may visit company website here:-http://www.universalsompo.com/
4. HDFC ERGO General Insurance:-
HDFC ERGO General Insurance health insurance plan cover 60 days pre and 90 days post hospitalization. expanses.
Co-pay in HDFC ERGO General Insurance is "No co-pay". The duration of coverage is Lifetime. under this plan. Pre-existing disease cover is available After 4 years.
HDFC ERGO General Insurance has 4,800+ network hospitals so on basis of these network hospitals I rank this plan #4.
HDFC ERGO General Insurance incurred claim ratio is 67.53% (Incurred Claim Ratio = Net Claims Incurred / Net Earned Premium. Figures above are for Financial Year 2013-14. The Information provided is available on the IRDA website public domain.) for more details and 2016 details you may visit company website here:-https://www.hdfcergo.com/
5. Religare Health Insurance:-
Religare Health Insurance health insurance plan cover 30 days pre and 60 days post hospitalization expanses. Co-pay in Religare Health Insurance is 20% on first claim only for those above 61 years of age.
The duration of coverage is Lifetime under this plan. Pre-existing disease cover is available After 4 years.
Religare Health Insurance has 4,500+ network hospitals so on basis of these network hospitals I rank this plan #5.
Religare Health Insurance incurred claim ratio is Data unavailable.
for more details and 2016 claim ratio details you may visit company website here:-http://www.religarehealthinsurance.com/
6. Apollo Munich Health Insurance:-
Apollo Munich Health Insurance health insurance plan cover 60 days pre and 180 days post hospitalization.
expanses.
Co-pay in Apollo Munich Health Insurance is Nil. The duration of coverage is Lifetime under this plan. Pre-existing disease cover is available After 3 years.
Apollo Munich Health Insurance has 4,000+ network hospitals so on basis of these network hospitals I rank this plan #6.
Apollo Munich Health Insurance incurred claim ratio is 58.20%
(Incurred Claim Ratio = Net Claims Incurred / Net Earned Premium. Figures above are for Financial Year 2013-14. The Information provided is available on the IRDA website.) for more details and 2016 details you may visit company website here:-http://www.apollomunichinsurance.com/
7. Bajaj Allianz General Insurance:-
Bajaj Allianz General Insurance health insurance plan cover 60 days pre and 90 days post hospitalization expanses.
Co-pay in Bajaj Allianz General Insurance is 10% in non-network hospitals. Waived off if 10% loading is paid on premium.
The duration of coverage is Lifetime. under this plan. Pre-existing disease cover is available After 4 years.
Bajaj Allianz General Insurance has 3,700+ network hospitals so on basis of these network hospitals I rank this plan #7.
Bajaj Allianz General Insurance incurred claim ratio is 66.52% (Incurred Claim Ratio = Net Claims Incurred / Net Earned Premium. Figures above are for Financial Year 2013-14. The Information provided is available on the IRDA website public domain.) for more details and 2016 details you may visit company website here:-https://www.bajajallianz.com/Corp/health-insurance/health-insurance.jsp
8. Max Bupa Health Insurance:-
Co-pay in Max Bupa Health Insurance is 20% if insured is above 65 years of age.
The duration of coverage is Lifetime under this plan. Pre-existing disease cover is available After 2 years.
Max Bupa Health Insurance has 3,500+ network hospitals so on basis of these network hospitals I rank this plan #8.
Max Bupa Health Insurance incurred claim ratio is 56.15% (Incurred Claim Ratio = Net Claims Incurred / Net Earned Premium. Figures above are for Financial Year 2013-14. The Information provided is available on the IRDA website public domain.) for more details and 2016 details you may visit company website here:-https://www.maxbupa.com/
9. IFFCO Tokio General Insurance:-
IFFCO Tokio General Insurance health insurance plan cover 60 days pre and 60 days post hospitalization. expanses.
Co-pay in IFFCO Tokio General Insurance is No co-pay.
The duration of coverage is Lifetime. under this plan. Pre-existing disease cover is available After 3 years.
IFFCO Tokio General Insurance has 3,000+ network hospitals so on basis of these network hospitals I rank this plan #9.
IFFCO Tokio General Insurance incurred claim ratio is 85.79% (Incurred Claim Ratio = Net Claims Incurred / Net Earned Premium. Figures above are for Financial Year 2013-14. The Information provided is available on the IRDA website public domain.) for more details and 2016 details you may visit company website here:-http://www.iffcotokio.co.in/health-insurance
10. L&T General Insurance:-
L&T General Insurance health insurance plan cover 60 days pre and 90 days post hospitalizationexpanses.
Co-pay in L&T General Insurance is 10% if insured person is above 80 years old.
The duration of coverage is Lifetime. under this plan. Pre-existing disease cover is available After 3 years.
L&T General Insurance has 2,800+ network hospitals so on basis of these network hospitals I rank this plan #10.
L&T General Insurance incurred claim ratio is 183.40% (Incurred Claim Ratio = Net Claims Incurred / Net Earned Premium. Figures above are for Financial Year 2013-14. The Information provided is available on the IRDA website public domain.) for more details and 2016 details you may visit company website here:-http://www.ltinsurance.com/
11. New India Assurance:-
New India Assurance health insurance plan cover 30 days pre and 60 days post hospitalization. expanses. Co-pay in New India Assurance is 10% on pre-existing medical conditions.
The duration of coverage is Lifetime under this plan. Pre-existing disease cover is available After 4 years.
New India Assurance has 1,200+ network hospitals so on basis of these network hospitals I rank this plan #11.
New India Assurance incurred claim ratio is 97.24% (Incurred Claim Ratio = Net Claims Incurred / Net Earned Premium. Figures above are for Financial Year 2013-14. The Information provided is available on the IRDA website public domain.) for more details and 2016 details you may visit company website here:-http://www.newindia.co.in/
Finally See this quick comparison between all of popular health insurances in India:-
| Insurance provider | Coverage | Pre and post hospitalization expenses cover | Co-pay | Renewability | Pre-existing disease cover | Network hospitals |
|---|---|---|---|---|---|---|
| Star Health and Allied Insurance | Up to 4 family members (2 adults and 2 children). | 30 days pre and 60 days post hospitalization | 20% for those 61 - 65 years old. | Lifetime | After 4 years | 6,000+ |
| Bharti Axa General Insurance | Up to 4 family members (2 adult and 2 children). | 30 days pre and 60 days post hospitalization | No co-pay. | Lifetime. | After 4 years | 5,000+ |
| Universal Sompo General Insurance | Up to 4 family members (2 adults and 2 children). | 60 days pre and 90 days post hospitalization. | 20% if insured person is over 55 years old. | Renewable up to 70 years of age. | After 3 years | 5,000+ |
| HDFC ERGO General Insurance | Up to 4 family members (2 adult and 2 children). | 60 days pre and 90 days post hospitalization. | No co-pay. | Lifetime. | After 4 years | 4,800+ |
| Religare Health Insurance | Up to 6 family members (with up to 2 adults). | 30 days pre and 60 days post hospitalization | 20% on first claim only for those above 61 years of age. | Lifetime | After 4 years | 4,500+ |
| Apollo Munich Health Insurance | Up to 6 family members (with up to 2 adults). | 60 days pre and 180 days post hospitalization. | No co-pay. | Lifetime | After 3 years | 4,000+ |
| Bajaj Allianz General Insurance | Up to 6 family members (2 adults and 4 children). | 60 days pre and 90 days post hospitalization. | 10% in non-network hospitals. Waived off if 10% loading is paid on premium. | Lifetime. | After 4 years | 3,700+ |
| Max Bupa Health Insurance | Up to 4 family members (2 adult and 2 children). | 30 days pre and 60 days post hospitalization | 20% if insured is above 65 years of age. | Lifetime | After 2 years | 3,500+ |
| IFFCO Tokio General Insurance | Up to 5 family members (up to 2 adults and 3 children) | 60 days pre and 60 days post hospitalization. | No co-pay. | Lifetime. | After 3 years | 3,000+ |
| L&T General Insurance | Up to 4 family members (2 adult and 2 children). | 60 days pre and 90 days post hospitalization. | 10% if insured person is above 80 years old. | Lifetime. | After 3 years | 2,800+ |
| New India Assurance | Up to 6 family members (2 adult and 4 children). | 30 days pre and 60 days post hospitalization. | 10% on pre-existing medical conditions. | Lifetime | After 4 years | 1,200+ |
