6 Low Premium Health Insurance Policies for Individuals
Looking for the best health insurance this year?
Do serious research.
While searching, your mind may be hit by a very common question ‘what are the premiums.’
And you tend to find low premium health policies to save a bunch of money.
But, the policy with the lowest premiums won’t actually cover your needs. So, don’t make premiums your search tool. Compare different health insurance policies online. And choose one with minimum premiums, maximum coverage.
While comparing, focus on premiums and at the same time the differences in coverage. Make the choice of selecting a suitable product the primary focus.
Wondering how you’ll do this? Don't worry. I'll break it all down for you in this post.
Here are top low premium health insurance policies you can pick this year.
1. Complete Healthcare Insurance
Complete Healthcare Insurance is a comprehensive health policy of Universal Sompo. It takes care of most of the medical expenses incurred during your medical treatment. Besides hospitalisation expenses, it also reimburses the out-patient charges and other value-added services.
The annual premium of this policy starts from as low as Rs. 1687* for 1 lakh sum insured and Rs. 2687* for the 2 lakh sum insured. You can avail the policy for this premium under the basic type plan for an individual of 18-35 years.
Complete Healthcare Insurance is available based on an individual or a family floater option. It has three variants Basic, Essential and Privilege. Coverage under this policy includes:
- Inpatient hospitalisation
- Room rent
- Pre and post hospitalisation
- Ambulance cover
- Organ Donation
- Domiciliary hospitalisation
- Day-care treatment
2. Care Plan
Care plan by Religare is another comprehensive health insurance plan that may cost you a low premium. It has been designed to meet the healthcare needs of individuals as well as family. This policy can be availed for the annual premium of as low as Rs. 5,079* (for an individual of 25-35 years) for 4 lakh sum insured with an unlimited recharge option. The basic coverage under this policy includes:
- In-patient care
- 30-day pre-hospitalization
- Room rent
- 60-days post – hospitalization
- Annual health check-up
- Ambulance cover
- ICU charges
- Domiciliary hospitalization
- Day-care & organ donor, etc.
Other benefits under the Religare Care policy are the no-claim bonus, automatic recharge of sum insured, the reassurance of the second opinion, no upper age limit of enrollment, lifelong renewability, and so on.
3. Health Companion
The product ‘Health Companion’ designed by Max Bupa is an affordable and comprehensive insurance policy. It is a suitable product for the individual and the nuclear family, which includes self, spouse and up to 4 children. This particular policy comes with three plan options:
- Health Companion: Individual
- Health Companion: Family Floater
- Health Companion: Family First
The premium for the Individual basis plan with the 3 lakh sum insured can be around Rs. 6700* annually. However, you can also go for other Family Floater and Family First plan. But, calculate the premium before opting for the plans. Coverage under the Health Companion insurance product includes:
- Hospital accommodation
- Pre & post-hospitalisation
- All day-care treatments
- Domiciliary treatment
- Organ transplant
- Hospital cash (optional)
- Vaccination in case of an animal bite
Besides, Max Bupa also provides a direct claim settlement service, offers cashless facilities, and allows lifetime renewal option of the policy.
4. Medi-Classic Insurance Policy
Medi-classic Insurance Policy by Star Health is among the most popular products available at low premium rates. It covers hospitalisation expenses incurred in daily life due to accidental injuries, diseases. The policy offers you a wide range of sum insured options, starting from 1.5 lakh up to 15 lakh. And the premium can be as low as Rs. 3,000*.
If you were born in 1985 and select Medi Classic for sum insured 1.5 lakh today in Delhi, the premium would come around Rs. 3,000* (without tax). Medi-classic Insurance Policy offers wide coverage, including:
- Pre-Hospitalization
- Post-hospitalisation paid
- 101 Day-care treatments.
- Organ transplant
- Domiciliary treatment
- Health Checkup costs up to Rs.5,000/
- Optional Covers: Hospital cash and patient care cover.
Other benefits of the policy are that you will get NCB of 5% for every claim-free year (maximum up to 25%); you’ll avail free health checkup* (maximum of up to Rs. 5,000). Besides, automatic restoration of the sum insured by 200% can also be availed.
5. Health Suraksha Insurance
Health Suraksha from HDFC ERGO is another example of a low-premium health insurance product. Designed with an aim to meet medical inflation, the policy comes with maximum covers and uninterrupted medical treatment. It is available on the individual and floater basis.
Health Suraksha Insurance (Individual) can be bought by just paying an annual premium of Rs. 4,968* for the Sum Insured of Rs 5,00,000. Some of the key highlights of the plan are no limit for age at entry, no room rent, sub-limits, an option to add critical illness cover and maternity coverage.
The basic coverage under Health Suraksha Insurance includes the following:
- In-Patient treatment
- 60 days Pre-hospitalization
- 90 days Post-hospitalisation
- Day Care procedures
- Organ Donor
- Emergency Ambulance
Other benefits of Health Suraksha Insurance are long term discounts, a wide range of sum insured, lifetime renewability, no disease sub-limits, free look cancellation and much more.
6. Lifeline Health Insurance
The plan of Royal Sundaram General Insurance Co. Limited, Lifeline Health Insurance, is an affordable product which takes care of your daily medical needs and medical emergencies. Coming with 100% reload of the sum insured feature at no any additional charges, this policy has three plan types: Classic, Supreme and Elite. You can choose the plan according to your requirement.
On selecting the Classic plan type (individual) for the sum insured of 2 lakh, the premium would be around Rs. 4,209*. However, you can select the sum insured 3 lakh and 4 lakh by paying a bit higher premium respectively.
Key advances of Lifeline Health Insurance:
- No room rent cap
- Pre & post hospitalization covered up to the Sum Insured
- Pre-existing disease waiting period - 4 years
- All daycare procedures cover
- Ayush treatment Cover
- Vaccination for animal bite cover
- 10% no Claim Bonus every year up to a max of 50%
- Organ donor expenses cover
You can buy Lifeline Health Insurance as an Individual plan or as a Family Floater for yourself, your spouse and children.
Over to you
You insure your car and your bike. Why not your health?
Your health is more important than your vehicle.
If you want to live a healthy lifestyle and keep the door for the best-class treatment open for you and your family, select any of the above health insurance policies this year.
Remember, today’s investment for the health policy will ensure a healthier and happier life tomorrow. If you don’t buy a health plan today, you may end up paying more for your health.
Also Read
Why Choose a Family Health Policy Over an Individual Insurance Plan?
How Individual Health Insurance Plans Are Better Than Family Floater Plans?
