Tarun Aarya
Being young exemplifies the best of your health, so does it means that health insurance is an avoidable expense? No, it is not. It takes only a single emergency situation to understand the value of money when you pay the hospital bills out of pocket. If you are thinking of buying a new health insurance policy, remember that as you age, healthcare costs also elevate, and therefore, it is important to take a health insurance plan when you are young.
Let’s see top 5 Health Insurance Plans in India for young
The Apollo Munich- Easy Health is one of the many health insurance plans have has idiosyncratic features encompassing Ayurveda and Homeopathic as well. The perks in the plan includes:
•Providing health policy to all between 5-65 years of age (18 yearsproposedoser) with a lifetime renewability option.
•A maximum of Rs. 50 lakhs and a minimum of Rs. 1 lakh can be assured.
•The Insured Claim Settlement Ratio is 63%
•The waiting time for all the pre-existing diseases is 3 years.
•In order to make the claim, co-payment stands out of the arena.
•Coverage of Pre and Post Hospitalization expenses.
•144 listed day care procedures are also covered.
Following are the features of ICICI Lombard Complete Health Plan:
•The minimum age for it is 6 months (18 years as proposer) and there is no maximum age for it.
•A maximum of Rs.10 lakhs and a minimum of Rs. 1 lakh is assured.
•No co-payment to be done for the claim.
•Depending upon the coverage option, waiting time for pre-existing medical problems is 2-4 years.
•Insured Claim Settlement Ratio is almost 87%
•Covers all the day care procedures and also the pre and post hospitalization charges.
** The primary postulates of the Religare Health Insurance Plan are:**
•The primary postulates of the Religare Health Insurance Plan are:
•Any individual can buy this plan anytime because the entry age for this plan is just 91 days and there is no limit on the upper age.
•In case of pre-existing diseases, the waiting period is of 4 years.
•The Insured Claim Settlement Ratio is 61.1%.
•No need of co-payment for the claim to be made.
•The maximum amount assured is Rs. 40 lakhs and the minimum is Rs. 5 lakhs.
Among all the health insurance plans, Max Bua Health Companion plan is the best with the following perks:
•A maximum sum of Rs. 100 lakhs and a minimum of Rs. 2 lakhs is assured.
•The Insured Claim Settlement Ratio is 55%.
•In case of pre-existing diseases, the waiting period is between 3-4 years.
•There is no limit on the maximum age, but the minimum age should be three months (proposer should be 18 years).
•No co-payment tantrums.
•Covers both post and pre-hospitalization charges.
•No third party administrator (TPA) is involved.
Here comes another health insurance plan of Apollo Munich bagging in the top positions in the list of Health Insurance Plans in India. Here are the key points:
•The minimum amount assured is Rs. Three lakhs and the maximum is Rs. 50 lakhs.
•The Insured Claim Settlement Ratio is 63%.
•No criteria of co-payment.
•For pre-existing medical ailments, a waiting period of 3 years is proposed.
•Maximum age of entry is 65 and minimum being five years.
•In case of family floater insurance plan, a total of 6 family members can be covered.
•Covers daily care procedures along with the pre and post hospitalization charges.
The above-mentioned specifications are to usher the best health insurance plans in India so that you can decide the plan you can have in your bucket full of financial products. Health Insurance is not about saving taxes; it is much more than that. Don’t just waste your time in exhaustive searches about the insurance plans, because we have laid the best of them.
Tarun is a Digital Marketing enthusiast who loves to write about all things digital, tech, and marketing.
