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Excellent Health Insurance Plans in India

By Vikas Chandra Das
18 November 2022, 11:43 AM

Health insurance policies reimburse the insured for various health care expenses based on the sum insured and the premium paid. Popular health insurance firms with an exceptional claim settlement ratio offer some of the best health insurance policies on the market. However, what works for some may not work for you. So, the bigger the list of health insurance plans, the more the options you have for yourself. Below are some health insurance plans you can consider while choosing the perfect one.

Kotak Health Premier Plan

This policy provides policyholders with medical protection, value-added benefits, and health and wellness incentives.

Features -

  • This health insurance offers an individual and family floater option.
  • The family floater plan covers up to three adults and three dependent children.
  • The policy term can be one, two, or three years.
  • It also offers family and long-term policy discounts.
  • The option of lifetime renewal is applicable in all plan types they offer.
  • Optional critical illness and personal accident insurance are also available.

IFFCO-Tokio Health Protector Plus Policy

Individuals and families can get hospitalisation coverage through the plan if they need expensive care for an illness or injury. You can choose whether to pay your deductible through your present health insurance policy or on your own. This policy also includes additional coverage above and beyond the deductible. 

Features - 

  • The plan is available to everyone between the ages of 18 and 65.
  • You can select a one-year plan, a top-up plan, or a super top-up plan.
  • You can get this policy even if you do not have a basic health insurance plan.
  • The cost of purchasing vitamins and tonics is included in the hospitalisation treatment.

Future Generali CritiCare Health Insurance 

This critical illness plan is designed to cover medical costs incurred while treating critical illnesses as specified in the policy wording. Once a diagnosis is made, the company pays a lump sum to cover medical expenses. 

Features -

  • The policy offers individual and family health insurance advantages.
  • It offers coverage for 12 critical illnesses like cancer and kidney failure.
  • You get a lump sum payment irrespective of the treatment cost
  • Network hospitals with cashless facilities.

Edelweiss Health Insurance Policy

This coverage is available in three variations: Silver, Gold, and Platinum. In addition, this health insurance policy provides unique and substantial coverage benefits at a low rate.

Features - 

  • There is no cap on ICU fees.
  • There is also coverage for daycare services.
  • Organ donation expenses are covered.
  • Covers Ayush therapy.
  • Offers maternity benefits and critical illness coverage.
  • Medical referral service
  • Compassionate visit protection

Digit Health Insurance

This is a novel comprehensive health insurance policy that includes coverage for some rare illnesses and treatments. 

Features -

  • This health plan also includes coverage for pandemics such as COVID-19.
  • There is no age-specific co-pay provision.
  • There are no room rental restrictions.
  • It offers a cumulative bonus.
  • Coverage for psychiatric illnesses
  • It covers all hospitalisation and treatment costs up to the amount assured.
  • Maternity benefits, Ayush cover, and zone upgrades are available as add-ons.

Chola MS Family Healthline Insurance Policy

Chola MS Healthline is comprehensive health insurance that offers family floater coverage. The best aspect of this policy is that it covers payments for allopathic and ayurvedic therapies. 

Features - 

  • The options for the sum assured are up to INR 25 Lakh, depending on the plan variant you choose.
  • It covers maternity costs.
  • No medical examination required for policyholders aged up to 45 years.
  • Plan options include Privilege, Enrich, Value and Freedom.
  • Organ transplantation costs include donor treatment costs, except for the cost of the organ.
  • External aids include spectacles, contact lenses, and hearing aids, as well as OP dental treatments.

Care Health Insurance 

Care’s health insurance plan covers both individuals and the family. It also offers a broad range of coverage, such as domiciliary hospitalisation, alternative therapy, air ambulance coverage, and foreign second opinion.

Features -

  • The plan's sum insured amount is provided on an individual and family floater basis.
  • This plan offers in-patient hospitalisation. When admitted to a hospital, it covers in-patient fees such as ICU charges and room rent.
  • Under pre-hospitalisation coverage, this plan covers up to 30 days before admission, including the cost of testing and examinations.
  • The plan compensates post-hospitalisation expenses such as pharmacy bills, investigative charges, and doctor's fees for up to 60 days after discharge.

Bajaj Allianz Health Guard 

This health insurance safeguards the policyholder against catastrophic healthcare medical bills that could result in a financial strain. The best aspect is that this health insurance plan also covers the pregnant woman and the newborn child under extended family coverage.

Features -

  • This plan covers the insured's in-patient hospitalisation expenses, including room rent, ICU charges, and surgical and nursing costs.
  • It covers pre-hospitalisation charges incurred up to 60 days before hospital admission.
  • This Bajaj Allianz plan covers medical costs for up to 90 days following hospital discharge.
  • This plan covers the cost of a road ambulance up to a limit of INR 20,000 per insurance year.

Aditya Birla Activ Assure Diamond Health Insurance

This plan is intended for individuals and families that want comprehensive coverage with higher sums insured. It pays for hospitalisation, a second opinion on a catastrophic sickness, and domestic/international emergency healthcare assistance. Another best feature is that this insurance plan includes optional coverage for cancer hospitalisation boosters, any room upgrade, and a reduced waiting period for pre-existing disorders.

Features - 

  • This health insurance policy provides a sum insured reload if the sum insured and the no-claim bonus/super no-claim bonus (if applicable) are depleted or insufficient owing to previous claims.
  • This coverage provides an insured with up to 150 per cent extra sum insured, up to 50 lakh, for hospitalisation related to an unrelated sickness.
  • The insured is eligible for an additional INR 500 as a daily cash benefit for each hospitalised day. However, this benefit is only available for sums insured up to INR 4 lakh and is only payable for up to 5 hospitalisation days.
  • According to the coverage chosen, this plan covers vaccination costs for the insured up to 18. This cover is offered only for sums insured of INR 1 Crore and above.


So, you have got a list of health insurance policies to choose from. Go through the mentioned plan details and choose the one that best meets your needs. At Paytm Insurance, we endeavour to assist you in making an informed buying decision. We hope you can make your best choice.


1. What is the significance of health insurance in India?

Health insurance is critical as lifestyle disorders become frequent and healthcare costs soar. Hence, if you do not have appropriate health insurance, it may result in a hole in your pocket. It provides various other benefits like pre- and post-hospitalisation expenses, tax benefits, NCB, lifetime renewability, and many more.

2. Can I submit a claim for all medical costs?

No. Health insurance policies have a variety of sub-limits that can apply to specific treatments, doctor's consultation fees, and pre-planned surgeries such as cataracts, joint replacements, and pre-planned surgeries, etc. Also, you cannot make a claim over your sum insured limit, unless you request the insurer to get your sum insured restored.

3. Which medical insurance coverage in India is the best?

There are numerous health insurance policies available in India that provide excellent advantages to customers. It will always come down to what works best for you.

4. Which is India's best cashless health insurance policy?

Every health insurance provider offers cashless health insurance coverage. If unsure, you can inquire with your insurance company about the network hospitals that allow you to receive cashless hospitalisation. 

5. Do I have to contend with a waiting period?

Yes! A waiting period is when health insurance companies don’t cover you against medical expenses. There will be an initial waiting period of 30 days following the date of policy inception, except for accidental injuries. Besides, pre-existing conditions come with a waiting period of up to four years. Insurers place waiting periods for cataract treatment, maternity expenses, etc.

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