Elite Insurance

Health Insurance

Health Insurance is a type of insurance that offers coverage to the policy holder for medical expenses in case of a health emergency. A health insurance plan chosen by the insured provides coverage for different expenses including surgical expenses, day-care expenses, and critical illness etc.

What is Health Insurance Policy?

A health insurance policy is a contract between the insurer and policyholder in which insurance company provides financial coverage for medical expenses incurred by the insured. A health policy provides benefit of reimbursement of medical expenses or cashless treatment mentioned in the health policy.

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What is Health Insurance Policy?

Health emergencies do not come with a prior notice. With sedentary lifestyles more and more people are becoming prone to lifestyle diseases in India. And with the increased demand for quality healthcare services, medical treatment has now become quite expensive, especially in the private hospitals. And without insurance the hospital bills are enough to drain one’s savings.
Therefore, a health insurance plan becomes an absolute necessity as it offers coverage to the insured family members and the policyholder against the exorbitant hospitalization expenses in case an accident or illness.
By providing tax saving benefits on health insurance premiums, the Government encourages everyone in the Budget 2021 to get health insurance cover and avail tax deductions benefits u/s 80D.

At present, tax deduction of up to Rs 25,000 is permissible u/s 80D for health insurance premiums paid for individuals below the age of 60 years. If your parents are above 60 years then you are allowed additional tax benefit of Rs 50,000. If you and your parents both are above 60 years then this limit is extended to Rs 1 lakh.
We at Policybazaar can help you buy a right health insurance plan that suits your requirement below is the list of health insurance plans with the top Insurers. You can do the comparison and find the best health plan for your family.

Types of Car Insurance Policy in India

Insurance Companies	Health Insurance Plans	Sum Insured (Rs.)	Incurred Claim Ratio	Network Hospitals
Aditya Birla Health Insurance	Active Assure Diamond Plan	Min – 2 Lakh Max – 2 Crore	59%	8200
Bajaj Allianz Health Insurance	Health Guard Plan	Min – 1.5 Lakh Max – 50 Lakh	85%	6500+
Bharti AXA Health Insurance	Smart Health Assure Plan	Min – 3 Lakh Max – 5 Lakh	89%	4300+
Care Health Insurance (Formerly known as Religare Health Insurance)	Care Health Care Plan	Min – 4 Lakh Max – 6 Crore	55%	7400+
Chola MS Health Insurance	Chola Healthline Plan	Min – 2 Lakh Max – 25 Lakh	35%	6500+
Digit Health Insurance	Digit Health Insurance Plan	Min – 2 Lakh Max – 25 Lakh	11%	5900+
Edelweiss Health Insurance	Edelweiss Health Insurance Plan	Min – 5 Lakh Max – 1 Crore	115%	2578+
Future Generali Health Insurance	Future Generali Criticare Plan	Min – 5 Lakh Max – 50 Lakh	73%	5000+
IFFCO Tokio Health Insurance	Heath Protector Plus Plan	Min – 2 Lakh Max – 25 Lakh	102%	5000+
Kotak Mahindra Health Insurance	Kotak Health Premier Plan	-	47%	4800+
Liberty Health Insurance	Health Connect Supra Top-up Plan	Max – 1 Crore	82%	3000+
Max Bupa Health Insurance	Companion Individual Health Plan	Min – 3 Lakh Max – 1 Crore	54%	4115+
ManipalCigna Health Insurance	ProHealth Plan	Min – 2.5 Lakh Max - 1 Crore	62%	6500+
National Health Insurance	National Parivar Mediclaim Plus	Up to 50 Lakh	107.64%	6000+
New India Assurance Health Insurance	New India Assurance Senior Citizen Medi claim Policy	Min – 1 Lakh Max – 15 lakh	103.74%	3000+
Oriental Health Insurance	Individual Mediclaim Health Plan	Min – 1 Lakh Max – 10 Lakh	108.80%	4300+
Raheja QBE Health Insurance	Health QBE	Min- 1 LakhMax – 50 Lakh	33%	2000+
Royal Sundaram Health Insurance	Lifeline Supreme Plan	Min – 5 lakh Max – 50 Lakh	61%	5000+
Reliance Health Insurance	Critical Illness Insurance	Min – 5 Lakh Max – 10 Lakh	14%	4000+
Star Health Insurance	Family Health Optima Insurance Plan	Min – 1 LakhMax – 25 Lakh	63%	10200+
SBI Health Insurance	Arogya Premier Policy	Min – 10 Lakh Max – 30 Lakh	52%	6000+
Tata AIG Health Insurance	Tata AIG MediCare Plan	Min – 2 lakh Max – 10 Lakh	78%	3000+
United India Health Insurance	United India UNI Criticare Health Plan	Min – 1 Lakh Max – 10 Lakh	110.95%	7000+
Universal Sompo Health Insurance	Individual Health Plan	Max – 10 Lakh	92%	5000+