Best Mediclaim Policy / Health insurance Plan in India

Best Mediclaim Policy, Health Insurance Plan in IndiaBest Mediclaim Policy / Health insurance plan in India

We do not know when a medical emergency would occur and we may need to spend huge money. Hence, Mediclaim Policy or health insurance plan would play an important role in our lives. While there are several mediclaim policies in India, every product has its own positives and negatives. But there are a few parameters which you can verify before considering mediclaim policy or health insurance plan. In this article, I would discuss about choosing best mediclaim policy in India, some of the best policies and their main features.

How to select a best mediclaim policy / health insurance plan in India

a) Enhanced Features: When you choose a mediclaim policy, you should consider its main features. There are several mediclaim policies which cover several features like pre and post hospitalization expenses, quick processing of cashless claims, cash benefits, day care procedures , etc. The more the features, the better is the health insurance plan.

b) How it ranks in Customer Support: One of the main feature is about its customer support service. What is the use to buy a good mediclaim policy, when there is a bad customer support service. One should give due importance to this. Last month when I was looking at getting a policy plan and tried HDFC Life for more than 10 times. Every time they said they are recording my request and acknowledging, but it took more than 60 days time for me to take a decision and move to another insurance company. To consider taking a policy if I need to wait for more than 60 days, just imagine, when I am not in trouble or when I am not there, how my family has to suffer.

c) Does it offer a health insurance plan for low premium: This could be another important feature to consider before taking mediclaim policy. If similar products are available in the market at lower cost, what is the point in buying at high prices ?

I have analyzed major mediclaim policies and shortlisted a few of them based on these 3 parameters. I am providing only main features.

5 Best Mediclaim Policies in India

1) Apollo Munich Easy Health Family Floater

  • This health care plan offers for 2, 3, 4 and 5 year tenure.
  • This plan offers in-patient treatment, pre hospitalization and post hospitalization expenses. This also covers several day care procedures, organ donor expenses and so on
  • If you subscribe for 2 years, you would get a discount of Rs 7.5%.
  • For 2 adults (18-34 yrs) and 2 kids (0-16 yrs), the premium works out to be Rs 7,787 per annum.
  • For 2 adults (18-34 yrs) and 2 kids (0-16 yrs) with additional coverage for critical illness, the premium works out to be Rs 9,497 per annum.

2) Apollo Munich Optima Restore

This mediclaim policy offers the following unique benefits.

  • Restore benefit: Sum insured exhausted during any year would be automatically enhanced by 100% without additional premiums.
  • Multiple benefits: In case of any free claim year, the sum insured would be enhanced by 50% in 1st year. In case of free claim for 2nd year, the sum insured would be enhanced by 100%.
  • Detailed analysis about Apollo Munich Optima Restore mediclaim policy can be read here

3) Bajaj Allianz Health Ensure

  • This health care insurance plan covers pre-existing diseases after 2 years continuous renewals.
  • Flat 2% expenses paid for pre and post hospitalization expenses
  • Non network hospitals settlement within 14 days
  • No medical tests up to 55 years
  • 130 day care procedure coverage
  • Family discount of 5%
  • Renewals up to 75 years
  • Sum insured for Rs 50,000, Rs 75,000 and Rs 1 Lakh.

4) L&T Medisure Classic

  • Entry and renewals at any age
  • Assured claim service assurance within 6 hours for cashless decisions or pay Rs 1,000 fixed penalty. In case of non working hours, the maximum waiting period would be 8 hours else penalty would be paid to you.
  • Maternity expenses coverage after 4 years
  • Covers ayurvedic treatment expenses
  • Pre-existing diseases coverage after 3 years continuous renewals.
  • Additional coverage for hospital cash, ambulance charges and homeopathic treatment.
  • A discount of 5% if you take 2 year policy.

5) United India Health Insure Policy-Platinum

  • This policy aims to provide pre and post hospitalization expenses.
  • Entry up to 35 years of age only
  • Covers non-allopathic treatment
  • Sub limits on room rent and ICU charges
  • Sum insured is from Rs 1 Lakh to Rs 10 Lakhs
  • Family discount of 5% is applicable

Conclusion: I felt these are some of the best mediclaim policies in India which one can consider taking it after going through all the features and selecting the one which is suitable to you. As indicated, these are picked up based on service levels, features and low premiums compared to its competitors under similar products.

I would love to hear from you in case you have considered above health insurance plans. What are your personal experiences?

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Best Mediclaim Policy / Health insurance plan in India


  • shiv anand

    Good article Suresh.

  • Dinesh Shirvaikar


    Any policy which has sub-limits or limits on renewal age can't be considered as a desuravle policy esp. when there are options available. So I would differ on your choice of the policies from United India (sub-limits) and Bajaj Allianz (renewal limit). Instead u can look at Bharti Axa's Smart Health and Oriental Insurance's Family floater which don't have the above resttrictions.


    • Thanks Dinesh for you valuable feedback. I agree about Unitech India sub limits, but I have also considered several other factors which are favorable. I agree this is a limitation, hence I specified here. Regd Bajaj Allianz, I could not understand your question. Pls clarify?


    Dear Suresh,

    Thanks for providing helpful knowledge to everyone.

    I have started Rs.2000/= as a SIP, 2years back, view of 5 years investment. 


    But not so much happy with the same.

    Plz suggest what to do ?

    Also I want to invest Rs.20,000/= lump sum .  Suggest where to invest so that I can get double in 5 yrs OR triple in 7 yrs. ?

    I am ready for any risk may be a high risk !

    God Bless You !

    Thanks & Best Regards-



    • Kaushal, These funds are good for long term. Since you are viewing for only 5 years period, you are not seeing good returns. You should hold them for 10+ years to see some good returns. If your investment period is only 5 years, invest in balanced funds like ICICI Pru balanced fund or HDFC Balanced fund or TATA Balanced fund. Lump sum you can invest in these funds.

  • Arun

    Hi suresh,

    I was looking for a faily floater and did some research on my own.

    I found that Oriental Insurance is offering one year policy for self and spouse for Rs two lakh coverage for Rs 5,500, which is the cheapest.

    IFFCO Tokyo was the next cheapest and was offering it for Rs 7,500.

    I haven't considered service quality, which is difficult to measure.


    • I agree Arun that we cannot measure service quality. But as a test you can call your customer support and ask for some info. If required, let them call. This way you would see the service quality.

  • Sambit

    I have a health insurance plan from HDFC ERGO general insurance company. This plan is for 2 years with 4 lacs sum insured for me and my wife. We had a bad experience with HDFC ERGO which happened last month when my wife got admitted to hospital for Dengue fever. She was there in hospital for 5 days and HDFC ERGO did not replyed to any query of hospital on time. We had to stay extra 2 days in the hospital because HDFC ERGO did not confirm our bill on time. When ever you call Customer Care they will say you they are processing it and you will get a confirmation in 2 hrs but it took 2 days to get a confirmation. I thought of paying the expanse on my own but the bill was too high to be paid by self. But one good thing is they have apporved all the expanses what ever the hospital has raised. No sublimit on any thing. But now I am considering to go with ApolloMunich after reading your post. Thanks a lot for guiding people like me.

    • Agree Sambit, like I said even I had very bad experience with HDFC life where I waited for more than 60 days before moving to some other insurance company

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