What is Health Insurance?
Health insurance is a kind of insurance that usually covers medical expenses, surgical expenses, drugs, and medical expenses, dental expenses, etc. which are incurred by the insured. The health insurance can provide the insured with the expenses for the illness or the injury or it can also pay the amount to the care provider directly. As per the definition given by the health insurance Association of America Health insurance means Coverage that provides for payments Of the benefits as a result of sickness or injury. It includes insurance for losses from Medical expenses, accidents, disability, accidental death, or dismemberment.
Why Health Insurance is Important?
The first benefit of health insurance is that it helps us to have savings. We can use these savings in case of any medical emergency. The company from which we have taken the insurance will always take care of all the medical expenses of the insured. Health insurance provides security to the insured and family members. Sometimes in the case of any medical treatment, the expenses are very high that one cannot afford to pay those expenses, safe and has taken insurance, it’s easy for us to arrange the amount for the treatment and the hospitalization expenses.
The Best Health Insurance Companies in India
Almost every year a list of the top and best insurance companies in India is prepared by a survey which helps the people to get the best insurance plan. There are some features which help us to determine which insurance company is the best. As day by day, there is cough life and the fatal diseases in increasing so it makes it compulsory for all of us to have a health insurance plan. There are many of which are available well for us today in India. However, it is not possible to figure out which one insurance company is the best among all so here is the list of a few companies which offer very good insurance plans with some other additional benefits.
Aditya Birla Health Insurance
The editable health insurance company is a subsidiary of Aditya Birla capital limited. This was launched for the general insurance services for its customers. But due to strong reputation of the company and the good quality services, nowadays it has become one of the best health insurance companies in India. Some important features of Aditya Birla Health Insurance Company are given below.
- List insurance company offers cashless treatment in more than five 850 hospitals and across 650 cities in India
- This insurance company offers access to more than 800 yoga centers, Jims, fitness centers, etc.
- The insurance holders can avail of discounts on medicines across 2300 pharmacies and in more than two 250 cities
- Also the insurance company its access to Wellness centers, diagnostic centers in addition to hospitalization centers.
A Bajaj Allianz Health Insurance
Bajaj Allianz Health Insurance Company provides some health insurances that are very much useful and beneficial for the customers. It was the first insurance company to provide captive TPA services with some additional benefits. Some of the important features of this company are given below.
- The insurance Holder can select from three major health insurance products which are named health guard, silver health, and start packing.
- The company offers health coverage to individuals, families, senior citizens
- This insurance company has designed various health plans that cover life-threatening in less like tumor, cancer, strokes etcetera
- This company also provide international coverage for which the insurer offers a global personal guard health plan
- This company is known to settle cashless claims within 60 minutes
Care Health Insurance
Care health insurance limited which is also known as Religare health insurance has shown tremendous growth in the past few years and it had set a benchmark in the insurance providing market in India. It is one of the most trustworthy insurance companies in India. It is regularly appreciated and promoted by Fortis hospitals. Some of the important features of this company are given below.
- This company provides a plan to meet everyone requirement which includes individual and family floater plan, health insurance plan for diabetes, hypertension, and senior citizen planned, etc.
- The company offers cashless claim approvals within 2 hours generally
- Most of the plans offered by the company offer an annual health checkup facility to the ensure member.
- For pre-existing health ailments and cardiac checkups the company provides care health care heart plan.
HDFC ERGO Health insurance Company
HDFC ERGO Health Insurance Company also Known as Apollo Munich is also one of the most reputed companies and the field of health insurance. It had made an outstanding record of incurred claim ratio of 62% for the year 2018-19. It has also brought additional benefits with insurance like lifelong renewability and portability options. Some of the important features of this company are given below.
- The company offers the facility to avail cashless treatment in more than 10,000 hospitals in India
- This company provides coverage to both individuals and families
- The best part about this company is that it provides special health plans for diabetes patients
- Apart from the comprehensive health plans the company also claims to offer the quickest claim settlement process