An insurance policy does not just provide protection against unforeseen circumstances but is an investment option which gives assured long-term benefit like maturity benefit. You can say that with the right insurance plan, no illness or accident will hamper your financial goals. Over the years insurance policy in India has changed. Now we have a wide array of policies to choose from. However, this can be daunting if you don’t have a checklist of requirements that you need.
Here, are the top 5 insurance policies in India-
- Cigna TTK ProHealth Plus
It is one of the best insurance policies with an affordable premium. The policy is formulated in such a way that it fulfils the various insurance requirements of various different buyers. The plan also covers all hospitalization charges. The policy period is for the long-term with renewal benefit. The plan also covers pre-hospitalization charges incurred up to 90 days and post- hospitalization charges incurred up to 180 days. It also covers emergency ambulance charges. It even covers costs for outpatient treatments. This plan also comes with tax benefits under section 80D of Income Tax Act, 1961.
- HDFC ERGO Health Suraksha Gold Regain
This is the latest insurance plan launched by HDFC ERGO. This is one of the best insurance policies in India with comprehensive coverage and no restriction on entry age. The policy offers cumulative bonus upon renewal. It also has zero sub-limits and it covers in-patient treatment charges. It also offers long-term as well as family discounts.
- Religare Health Insurance- Care
Religare offers a comprehensive insurance policy which protects you and your family in case of a medical emergency. The policy offers yearly free health check-ups. It also assures a minimum sum of 2 lakhs up to 60 lakhs, which makes it a unique plan. The policy also offers lifelong renewal which means that there’s no maximum age limit.
- LIC New Jeevan Anand
This policy is offered by Life Insurance Corporation. It’s an offline policy that comes with two add-ons— a disability rider and accidental death rider. Policy term can vary between 15 to 35 years with a minimum entry age of 18. Minimum sum assured is 1 lakh rupees. The plan type is endowment based.
- ICICI Lombard Complete Health Insurance- iHealth
This is the best insurance policy offered by ICICI Lombard. It provides a lifelong renewal option and also offers a free looking period of 15 days. This policy also covers expenses incurred due to daycare procedures. It offers cashless hospitalization at all cashless network hospitals. Free health checkup is also a part of this policy.
Purchasing health insurance is the best way to prepare for expensive medical emergencies. Choosing the right insurance policy can help make a world of difference in times of need. While making a choice remember- the best policy is the one that best meets your personal and family needs.