Affordable Health Care Plans in India

We’re sure you probably already know that medical care insurance is by no means cheap. However, there are more than one ways to get your hands on health coverage at a low price. If you want to save a big on premium, you can go basic. But if the riders are valuable and come at a little extra price, then they are worth adding to the plan. Another way to make your policy more affordable is to voluntarily go for higher deductibles and get discounts on premium.

The most overlooked health cover is the one given by the employer. At present, most of the employers get their employees covered under a group plan. However, an individual is covered only as long as he is an employee with that company. Hence, it seems that to buy a personal individual health plan cannot be compromised with.

Many insurers out there empathize with the consumers and offer low-cost medical coverage.

*Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in. *Kindly note that the premium differs from age to age, on whether you are taking an individual policy or a family floater and on various other factors. However, for keeping uniformity in comparison, we have mentioned the lowest possible premium under a plan. You should assume that the lowest premium is for the individual plan with the lowest sum assured for <45 yrs age group.

1. Aditya Birla Active Assure Diamond Plan

   Aditya Birla Active Assure Diamond health plan is a comprehensive health insurance policy that offers maximum financial protection during medical emergencies.

   • Under this plan expenses incurred on 586 day-care medical procedures are paid by the insurer
   • Additionally, Ayush treatment expenses including Yoga, Ayurveda, Unani, Naturopathy, Siddha, and Homeopathy are also included in the coverage benefits.
   • Some of the special benefits include second medical opinion on critical illnesses, domestic and international emergency evacuation cover.

2. Bajaj Allianz Health Guard Plan

   Bajaj Allianz Health Guard insurance policy is designed to cover hospitalization expenses for both individuals as well as families.

   • If you are between the age group of 18 and 65 years you can buy this medical insurance policy.
   • The insurer pays to the policyholder for the hospitalization expenses in case of an illness or injury.
   • Additionally, it is designed to cover maternity expenses, Ayurvedic and homeopathy treatment costs, organ donor expenses, bariatric surgeries, and day-care medical procedures that require less than 24-hours of hospitalization.

3. Religare Care Health Insurance Plan

   Religare care health insurance plan is a comprehensive family medical policy that covers hospitalization expenses incurred due to an illness, accident or injury:

   • You can choose the sum insured as low as Rs 4 Lakh to Rs 6 Crore
   • With NCB Super you can get 150% restoration of sum insured
   • The insurer also pays for modern treatments including HIV, robotic surgery and AIDS

4. Cholamandalam Healthline Plans

   Chola Healthline plan comes in 4 variants i.e. Value Healthline, Freedom Healthline, Enrich Healthline, and Privilege Healthline plan.

   • The benefits offered under this plan include in-patient hospitalization, pre and post hospitalization cover, Ayush treatment, ambulance charges, domiciliary hospitalization, and organ donor expenses.
   • Privilege Healthline plan pays for maternity expenses up to 2 deliveries with new-born baby cover.
   • Some of the additional benefits include child hospitalization allowance, specialist opinion for critical illness, outpatient dental expenses, etc.

5. Digit Health Insurance Plan

   Digit health insurance policy covers hospitalization incurred on the treatment of an illness or injury including COVID-19 medical expenses.

   • There is a no age-based co-payment under this plan
   • The policy offers complimentary health check-up facilities, psychiatric illness, bariatric surgery, ICU room rent, coronavirus treatment and the likewise
   • Some add-on benefits include Alternative treatment cover, zone upgrade, and maternity benefit with new-born baby hospitalization cover

6. Future Health Suraksha Health Insurance Plan

   This plan is available in 4 variants i.e. Gold, Platinum, Ruby and Topaz. In addition to the hospitalization expenses Future Health Suraksha policy also covers:

   • 409 day-care procedures are also covered under this policy
   • It provides patient care benefits, and hospital cash benefits to the policyholder
   • Organ donor medical expenses are also covered
   • 10% cumulative bonus is offered every claim-free year

7. HDFC ERGO Optima Secure Plan

   The HDFC ERGO Optima Secure plan offers coverage for a wide range of medical expenses at pocket-friendly prices. 

   • The plan is available in Suraksha, Global, Secure Plus, Global Plus and Secure variants.

8. ICICI Lombard Elevate Plan

   The ICICI Lombard Elevate plan provides comprehensive coverage at an affordable cost.

   • It offers unlimited claim amount once in the lifetime of the policy.

9. IFFCO Tokio Heath Protector Policy

   IFFCO Tokio Heath Protector is a health insurance policy that offers medical expense cover at an affordable premium

   • The policy pays for hospitalization costs including room rent, ICU, registration charges, doctor/surgeon fees, vitamins, tonics, organ donor expenses, Ayush expenses and domiciliary treatments
   • Some of the additional benefits in this medical insurance policy include compensation for day care surgeries, vaccination expenses etc.

10. Liberty Health Connect Supra Top-up

    Liberty Health Connect Supra is a top-up health insurance plan to enhance the policy coverage benefits:

    • The policy offers multiple sum insured and deductible options to choose from
    • Worldwide coverage benefit is also offered
    • Ayush treatment expenses are compensated as well

11. Magma HDI OneHealth Insurance Plan

    The Magma HDI OneHealth Insurance plan provides coverage for medical expenses incurred by the insured, including hospitalization costs. 

    • The plan also provides coverage for OPD consultations and medicines.

12. ManipalCigna Pro HealthPlan

    The policy offers a wider range of sum insured options with a cashless treatment facility in 6500 network hospitals:

    • You can get a 25% increase in your sum insured and up to 200% with No-claim-bonus
    • 100% restoration of the sum insured is provided
    • Room up-gradation is also possible in this health insurance plan
    • There is no age bar for enrolment in this plan
    • Domiciliary hospitalization cover along with alternative treatment cover is also provided under this health insurance plan

13. National Parivar Mediclaim Plus Policy

    The policy offers comprehensive health insurance cover at an affordable premium:

    • You can choose long-term policy cover for 1,2,3 years
    • Parents can cover children up to the age of 18 years
    • This health insurance policy is renewable for a lifetime

14. New India Assurance Senior Citizen Medi claim Policy

    New India Assurance Senior Citizen Medi claim is a health insurance policy for people above the age of 60 years:

    • It covers hospitalization expenses up to Rs 1.5 lakh and comes at a nominal premium
    • 5% of the cumulative bonus is offered every year for not filing a claim, which can go up to 30%

15. Niva Bupa (Formerly known as Max Bupa) Companion Individual Health Plan

    The policy is available in three variants with different sum insured options at an affordable price:

    • There is no room-rent capping under this policy
    • It offers refill of the sum insured in case it is exhausted on a treatment
    • Health check-up facilities and animal bite vaccination cover is also provided

16. Oriental Individual Mediclaim Health Plan

    This is a comprehensive health insurance policy that comes at an affordable price:

    • The policy covers hospitalization expenses including surgeon fees, room and ICU charges, diagnostic tests, dialysis, chemotherapy, lab tests, etc. 
    • The insurer also provides a family discount of 10%
    • And pre-medical screening is not required for applicants up to the age of 55 years

17. Raheja QBE Health QuBE Basic Health Insurance Policy

    Raheja Health QuBE offers a basic health insurance plan with nominal premium:

    • The policy offers health insurance coverage to individuals who are 18 years and above
    • The plan comes with lifetime renewability option
    • It also has a provision to cover some specific non-medical expenses

18. Reliance Health Gain Insurance Policy

    Reliance Health Gain is a health insurance policy that helps individual and families meet their hospitalization expenses:

    • This policy offers benefits like pre and post hospitalization expense cover, cashless hospitalization, and numerous other add-on features
    • The base sum insured amount is increased by 33.33% for every claim-free year
    • You can avail 7.5% discount on the purchase of a 2-year policy

19. Royal Sundaram Lifeline Supreme Plan

    This health insurance plan is designed for families and individuals and reduced out-of-pocket expenses:

    • The insurer pays for hospitalization expenses, day-care procedures, AYUSH treatments, and domiciliary hospitalization expenses
    • Yearly health check-up facility can be availed by the policyholder
    • The policy also covers the expenses incurred on second medical opinion require for a treatment
    • It also covers expenses incurred on emergency domestic evacuation services

20. SBI Arogya Premier Policy

    SBI Arogya Premier Policy comes with a wide range of features and benefits:

    • It covers 60 days of pre-hospitalization and 90 days of post hospitalisation expenses during the treatment
    • The insurer also pays for air ambulance charges, maternity expenses, and organ donor expenses
    • The insurer also provides easy portability benefits
    • You can claim for 142-daycare procedures under this policy

21. Star Comprehensive Health Insurance Plan

    This health insurance policy provides coverage to individuals and families at an affordable price

    • This policy can also cover dependent children between the age group of 3 months and 25 years
    • It offers several benefits including hospitalization cover, air ambulance expense cover, delivery and new-born baby cover
    • The policyholder can also claim for Ophthalmic Treatment or outpatient dental expenses once in three years of the policy term
    • Bariatric surgery procedures are also covered up to Rs 2.5 Lakh/5 Lakh

22. Tata AIG MediCare Plan

    Tata AIG health insurance has designed this plan for individuals as well as families. You can buy this policy for 1,2 and 3 years.

    • This is an affordable plan to cover a family of up to 7 members
    • It offers a range of benefits to the insured along with Global medical cover
    • It also provides a 50% increase in the sum insured amount for every claim-free year
    • You can claim for hospitalization expenses, day care procedures, and domiciliary treatment charges

23. United India UNI Criticare Health Insurance Plan

    • 11 critical illnesses are covered in this plan
    • The payment is done in the lump sum upon diagnoses of any of the specified critical illnesses during the policy term

24. Universal Sompo Individual Health Plan

    This health insurance policy covers treatment taken in a hospital and nursing home:

    • It covers hospitalization charges on nursing fees, surgeon cost, boarding charges, room, oxygen, blood, etc.
    • If the treatment required domiciliary hospitalization, then the insurer pays for the same

25. Zuno Health Insurance Silver Plan

    This health insurance policy by Zuno health insurance covers hospitalization expenses up to the sum insured limit.

    • The policyholder can take admission in a single private room when hospitalized, with no capping on the ICU charges
    • Pre and post hospitalization expenses are covered for 30 days and 60 days respectively
    • The policy also covers domiciliary hospitalization expenses and Ayush treatments expenses up the sum insured limit
    • You also get No-claim-bonus benefit ranging from 10% for each claim-free year and up to a maximum of 50%

26. Zurich Kotak Health Premier

    A comprehensive health insurance plan that offers protection along with value-added benefits:

    • Along with hospitalization expenses the health insurance policy covers ICU treatment charges, OT charges, and 405 day-care procedures
    • Sum insured is 100% restored
    • 10% cumulative bonus is offered for every claim-free year
    • Second e-opinion cover, air ambulance cover, organ donor cover, maternity cover, hospital daily cash cover, and compassionate visit cover is also provided in this plan

A Word of Advice

So, there you have it - the list of most affordable health care insurance plans in India. Remember, industry experts and veterans believe that buying a health plan solely based on premium is a grave mistake. So while choosing healthcare insurance, you should remember to give priority to the coverage and exclusions over the overall price of the insurance product.