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Health Insurance With Unlimited Claims*
One illness can empty your entire savings. One plan can save it all.
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Plan Your Family’s Health
What is Health Insurance?
Health insurance is a legally binding contract between you and the insurer that helps you with your health-related expenses. It is used to reimburse your medical expenses like doctor visits, hospitalisation expenditures, medications, diagnostics, and specialised care like rehabilitation or home-based treatments.
It is very important to buy health insurance from InvestKraft as it provides vital financial protection, cashless hospitalisation, pre and post hospitalisation coverage and encourages preventive care through screenings, vaccinations and wellness services, and not only this, it comes with valuable tax benefits under section 80D.
Best Health Insurance Companies in India
The following are the best health insurance companies in India:
| Company | Claim Settlement Ratio (Latest Available) | Network Hospitals | Plans Offered* | Link to Apply | |
|---|---|---|---|---|---|
| Care Health Insurance | 92.77% | 11,400+ | 6 core plans | Apply Now | |
| Star Health & Allied | 82.31% | 14,000+ | 12 (inc. critical illness, COVID) | Apply Now | |
| Niva Bupa | 92.02% | 10,000+ | 12 (family, senior, maternity, COVID) | Apply Now | |
| ICICI Lombard Health | 97.16% | 10,200+ | 12+ (comprehensive health, top-up, critical illness) | Apply Now | |
| TATA AIG Health | 95.43% | 11,000+ | 10 (individual, floater, senior, COVID) | Apply Now | |
| Reliance General Insurance | 99.57% | 7,500+ | Multiple general plans, including health | Apply Now | |
| HDFC ERGO Health | 99.16% | 13,000+ | 15 (standard, top-up, COVID, critical illness) | Apply Now | |
| Universal Sompo | 98.11% | 5,000+ | 10 (individual, floater, senior, hospital cash) | Apply Now |
*Claim Settlement Ratio data may vary depending on the source. It is recommended to check the company's latest annual report for the most accurate data.
Types of Health Insurance
There are 12 different types of health plans available in India to meet your unique healthcare needs.
Individual Health Insurance Plan
Designed to provide coverage for a single person, offering a range of benefits, such as doctor visits, prescription drugs, preventive care and more.
Family Floater Health Insurance Plan
Provides coverage for the entire family, including the spouse, children and parents under a single policy, making it convenient and cost-effective.
Senior Citizen Health Insurance Plan
It is specifically designed to provide health coverage for individuals above the age of 65. It offers various benefits including coverage for pre-existing conditions, hospitalization and medical expenses.
Critical Illness Insurance Plan
This insurance plan provides important financial protection in the event of a serious illness. It provides coverage for expenses such as hospital stays, surgeries and rehabilitation.
Group Health Insurance Plan
These plans provide a way to access healthcare coverage collectively for a group of people, such as a company’s employees. By pooling together, the group can often secure better rates and benefits compared to individuals purchasing insurance plans on their own.
Top-up Health Insurance Plan
These plans are beneficial for individuals seeking a financial safety net for medical expenses beyond their current insurance coverage. These ensure comprehensive protection against unforeseen healthcare costs.
Personal Accident Cover
Covers for personal accidents include protection for individuals who may experience partial or total disability or even death as a result of an accident.
Maternity Health Insurance Plan
This provides coverage for all expenses from the prenatal stage, including pre-natal checkups and tests, to the delivery of the baby and also covers the postnatal stage, including hospitalization and any necessary follow-up care.
Mediclaim Insurance Plan
It typically covers in-patient expenses such as room rent, nursing charges, doctor’s fees and various medical tests and procedures during hospitalization.
Disease-specific
People who are looking for insurance coverage tailored to a particular health condition, such as diabetes or cancer, may be interested in disease-specific insurance plans that cover the specific needs related to their conditions.
Hospital Daily Cash
In this, the insurer provides a daily allowance to cover expenses during hospitalization, helping to ease the financial burden on the insured.
Unit Linked Insurance Plan
It is a type of insurance product that combines the benefits of insurance and investment into a single integrated plan.
Best Health Insurance Plans in India
The following are some of the best health insurance plans in India that you can buy from InvestKraft:
| Insurance Provider | Plan Name | Coverage Type | Sum Insured Range | Age Limit (Adults) | Important Parameters | ||
|---|---|---|---|---|---|---|---|
| Care Advantage Health Insurance Plan | Individual & Family Floater | ₹2 Lakh - ₹6 Crore | 18-65 years |
|
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| ICICI Elevate Health Insurance Policy | Individual & Family Floater | ₹2 Lakh - ₹6 Crore | 18-65 years |
|
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| IFFCO Tokio Family Health Protector Policy | Individual & Family Floater | ₹2 Lakh - ₹6 Crore | 18-65 years |
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| Niva Bupa Aspire Policy | Individual & Family Floater | ₹2 Lakh - ₹6 Crore | 18-65 years |
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| Arogya Supreme Policy | Individual & Family Floater | ₹2 Lakh - ₹6 Crore | 18-65 years |
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| TATA AIG Medicare Lite Policy | Individual & Family Floater | ₹2 Lakh - ₹6 Crore | 18-65 years |
|
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Other Insurance Plans
Choose the Best Health Insurance Plan
that provides all the necessary coverage benefits you need at affordable premiums.
Health Insurance Premium Calculator
Calculate your health insurance premium within seconds with InvestKraft Health Insurance Premium Calculator.
Benefits of Health Insurance
Covers Hospital Expenses
Your insurance will pay for hospital bills, surgery, room rent, doctor fees, medicines and more.
Cashless Treatment
Get treated at network cashless hospitals without paying anything upfront.
Tax Benefits
Save tax on premiums under Section 80D of the Income Tax Act.
Peace of Mind
Stay stress-free knowing medical bills will not empty your savings.
Compare and Choose
With best health insurance plans, you can choose one as per your preference and requirements.
Access to Better Healthcare
Choose good hospitals and doctors without worrying about cost.
Free Health Check-Ups
Many plans offer preventive check-ups every year.
Special Coverage Options
Get add-ons for maternity, critical illness, senior care, and more
Rewards for Healthy Habits
Some plans offer discounts or bonuses for staying fit and active.
How does Health Insurance Work?
Health insurance offers financial support during medical
emergencies by helping policyholders cover their healthcare
expenses. In India, there are various types of health insurance
plans, but they all work in similar ways.
Here are the steps involved in how health insurance functions:
Evaluate Your Needs and Financial Constraints
Assessing your needs and budgetary restrictions will help you make informed decisions and prioritize your expenditures accordingly. By carefully analyzing your needs and financial limits, you can ensure that you make realistic and responsible choices to meet your requirements within your available resources.
Selecting a Health Insurance Plan
There are several factors to consider when it comes to selecting a health insurance plan. It is important to assess your medical needs and preferences, as well as your financial situation. Research different plans to compare coverage options, costs and network providers. Additionally, take into account any potential life changes or specific health conditions that may require special consideration.
Choose the Insured Amount
Please specify the amount you would like your insurance to cover. This sum insured amount will determine the extent of coverage provided under the policy. It is important to consider your assets and potential liabilities when selecting the sum insured.
Select Your Preferred Add-On Options
You can choose from a wide range of add-on options. Whether you want to include additional features, upgrade your package or enhance your services, there is something for everyone. Select the add-ons that best suit your needs and create a personalized package that meets all your preferences. Take advantage of the flexibility and customization that are offered to make the most out of your chosen plan.
Regularly Pay Your Premiums
Pay your premium amount regularly to ensure that your insurance policy remains active and provides you with the coverage you need. Setting up automatic payments or reminders can help you to stay on track and avoid any lapses in coverage.
Use Health Insurance for Medical Emergencies
In case of a medical emergency, you can rely on your health insurance plan to provide coverage and financial support. It is important to be aware of the details and benefits of your plan so that you can make the most effective use of it during an emergency.
The premium amount is calculated based on several factors including the sum insured, the insured person’s age, coverage benefits, deductibles and add-on riders. These variables help to determine the level of risk and potential cost of providing coverage. It is important to carefully consider these factors when selecting an insurance policy to ensure it aligns with your needs and budget.
What is Covered and What is Not Covered in Health Insurance Policy?
There are certain inclusions and exclusions in your health insurance coverage that you must be aware of before buying your insurance:
- In-Patient Hospitalization
- Pre and post-hospitalization
- Annual Health Check-Ups
- No Claim Bonus (NCB)
- Day Care Treatments
- Domiciliary Hospitalization
- Additional cover
- Tax Exemption
- Pre-existing Diseases
- Self-Inflicted Injury
- Injuries Due to Consumption of Alcohol
- Transmitted Diseases
- Pregnancy Treatment
- Infertility Treatment
- Congenital Diseases
- Permanent Exclusions
- Cosmetic Surgery
Doubts? Request a callback and one of our support specialists will resolve all your insurance-related issues
We have been trusted by lakhs of customers in India when it comes to health insurance buying or renewal. With 24x7 support and a 4.8 customer rating, we ensure complete satisfaction when it comes to our services.
More Details About Health Insurance
Let us understand more about health insurance from the following bullet points:
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Like any other insurance, health insurance is your financial backup plan when medical bills come, so that you do not burn your savings to pay them.
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It is a legal contract between you and the insurance company, where you pay a regular premium and the insurance company covers your hospitalisation, treatment, surgery and medicines.
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Depending on the health insurance you buy, the insurance company can cover other aspects like financial expenses due to arrangements for your attendant when you get admitted to a hospital, no limit on room preference and more.
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If you want to buy best health insurance in India for yourself or for your family, then look no further. With InvestKraft, you can get the best and most upgraded health insurance with the lowest premium.
How Many Types of Health Insurance Plans in India?
The following are the types of health insurance plans you can buy as per your requirements:
| Type of Health Insurance | What It Covers | Apply to Link | |
|---|---|---|---|
| Individual Health Insurance | Covers one person for hospital and medical expenses. | Apply Now | |
| Family Floater Insurance Plans | A single premium covers your entire family under a fixed sum insured. | Apply Now | |
| Senior Citizen Insurance Plans | Tailored for people above 60. Includes age-specific treatments. | Apply Now | |
| Critical Illness Insurance Plans | Covers life-threatening diseases like cancer, heart attack, and others. Lump-sum payout on diagnosis. | Apply Now | |
| Personal Accident Insurance Plans | Covers expenses due to accidents and offers a payout for death, partial, or total disability. | Apply Now | |
| Maternity Insurance Plans | Covers maternity expenses, prenatal/postnatal care, and newborn baby cover. | Apply Now | |
| Unit Linked Insurance Plans (ULIPs) | Combines health coverage with wealth building through market-linked investments. | Apply Now | |
| Mediclaim Policy | Basic cover for hospitalisation due to accidents or illnesses. It covers surgeries, treatment, and more. | Apply Now | |
| Group Health Insurance | Usually offered by employers for employees and dependents. Affordable and comprehensive. | Apply Now | |
| Hospital Daily Cash Plan | Pays a fixed amount daily during hospital stay. It helps cover non-medical or out-of-pocket expenses. | Apply Now | |
| Top-Up Health Insurance | Provides additional coverage beyond your base plan once the threshold is crossed. | Apply Now | |
| Disease-Specific Health Plans | Focused coverage for diseases like COVID-19, dengue, cancer, and others. | Apply Now |
Please note that as per the latest update, almost all standard health insurance plans now include COVID-19 coverage (as per IRDAI guidelines). Special COVID plans like Corona Kavach and Corona Rakshak are still available for short-term, disease-specific protection.
How to Buy Health Insurance? | Step-By-Step Guide
If you are planning to buy health insurance, here are the steps you need to follow:
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Check your family’s current scenario, like size, age, health conditions, and how much you can spend every year.
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Select a health insurance plan type - individual, family floater, or senior citizen, based on your needs.
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Decide the coverage amount that can handle big hospital bills without draining your savings.
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Select your preferred add-on options like maternity cover, critical illness, or daily cash, if needed.
Keep paying your premiums on time to enjoy continuous coverage and avoid policy lapses.
What are the Documents Required to Buy Health Insurance in India?
The following are the documents required to buy health insurance in India:
- Identity Proof : Aadhar Card/Passport/Voter ID Card/Driving License
- Age Proof : Aadhar Card/PAN card/Passport/Driving License/Voter ID Card/Birth certificate
- Address Proof : Driving License/Ration Card/Aadhar Card/PAN Card/Passport/Rent agreement, if applicable/Utility bills like electricity bill or telephone bill
- Other Important Documents: Passport-size photographs (if demanded by the insurer)/Medical reports (if demanded by the insurer)/Proposal form duly filled in and signed
Click to get a callback for your insurance queries.
What are the Eligibility Criteria to Buy Health Insurance?
The following are the eligibility criteria you need to meet to buy health insurance policy in India:
- Age
- Minimum Age: 18
- Maximum Age: 65 (there can be certain plans for seniors)
- Dependents
- Newborn babies can have health insurance from 15 days after being born. The age limit for child dependents is 18 to 25 years, depending on your health insurance plan.
- Pre-Existing Medical Conditions
- Pre-existing conditions may impact eligibility for health insurance, but not necessarily disqualify you.
- Factors like coverage and costs can be affected.
- Please note that it is always recommended that you disclose any pre-existing to prevent any future claim issues.
- Medical Tests
- People under 45 do not need medical tests to buy insurance.
- Older applicants or those with pre-existing conditions need to take medical tests as per the insurance company's policy.
- Other Factors
- Insurance companies may take into account additional factors like smoking, tobacco use or high-risk occupations.
How to Claim Health Insurance?
The following are the steps that you need to take to claim your cashless health insurance:
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Ensure you enrol in a hospital within your insurance network by reaching out to the insurance helpdesk and seeking their guidance.
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To verify your identity, simply present the health card issued by your insurer in this step.
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The hospital will give you a pre-authorization form to fill out if you want to avail of their cashless service.
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After completing the pre-authorization form, it should be submitted to the insurance desk at the hospital.
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After you have completed the form, the hospital will send it to your health insurance provider for further processing.
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The insurer carefully reviews the request and accompanying documents. If everything meets the policy requirements, the insurer approves the cashless claim.
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Settle any out-of-pocket expenses that are not covered by your insurance policy when you are discharged.
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In the final step, the insurer will complete the payment process and settle the bill with the hospital based on the terms outlined in the policy agreement.
Want to compare best health insurance for you?
What are the Documents Required to Claim Health Insurance in India?
The following are the documents required to claim health insurance in India:
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Filled out the insurance claim form with an accurate signature
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Accepted Identity Proof : Aadhar, PAN, passport, driver’s license, or voter’s ID
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Original Policy Documents: Policy number, insured’s name, coverage details
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Hospital Documents: Diagnosis, treatment, and stay details
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Medical Records: Doctor's notes, test reports, prescriptions
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Original, stamped, and signed hospital bills
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Payment receipts for hospitalisation payments
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Pre-authorisation claim form submitted to the insurer before hospitalisation
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FIR copy (required for accident claims)
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MLC (doctor’s document for medico-legal cases)
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Settlement certificate (required if multiple health insurance policies are involved)
Frequently Asked Questions (FAQs)
- Cosmetic surgery
- Dental and vision care
- Pre-existing conditions
- War injuries
- Self-inflicted injuries
- Urgent care: It is designed to address non-life threatening medical issues promptly, without the extended wait times commonly experienced in emergency rooms. However, it is important to note that they may have limited resources for complex diagnostics. If you require immediate attention for a non-life-threatening illness or injury, urgent care could be a more efficient option.
- Emergency care: It is necessary for life-threatening situations or serious injuries that need medical attention. Emergency rooms are fully equipped to handle complex medical emergencies. However, it is important to note that emergency room visits can result in high costs. Therefore, understanding the distinction between emergency care and other levels of care can help you receive the appropriate treatment and potentially save money.
