- Cheapest monthly premiums
- Affordable health plans
- Low premiums-higher coverage
Here’s Your Guide to Buy Low Premium Health Insurance in India
Health insurance is no more of just a commodity, it has become one of the most efficient ways for investment planning and also a safety net for healthcare needs. Some health plans come with a high sum insured value of 2-3 Crores, for which the insured person has to pay high monthly/annual premiums.
However, for those who are beginners or individuals who want to purchase their first policy or an affordable health insurance plan for themselves, there are multiple low premium health insurance options readily available in India.
Here we have discussed all about the cheapest health insurance plans and their distinct benefits/features, important things to keep in mind while investing in them, etc.
Top Low Cost Health Insurance Plans in India
You can buy the best cheapest health insurance policy as there are multiple comprehensive policy options in the market from reputed companies. Here are some of PolicyX’s recommendations for the best affordable health insurance plans in India that provide coverage for basic, secondary and tertiary healthcare facilities:
| Plan Name | Eligibility (Entry Age) | Sum Insured (in INR) | Monthly Premiums |
|---|---|---|---|
| Niva Bupa Aspire Gold+ | 18 years- NA | 3 L- 1 Cr | INR 799 |
| Star Health Assure | 18 - 75 years | 5 L - 2 Cr | INR 960 |
| Care Supreme | 18 - 60 years | 7 - 1 Cr | INR 929 |
| ManipalCigna ProHealth Prime Active | 18 - 70 years | 3 - 15 L | INR 919 |
| Aditya Birla Activ Health Platinum Enhanced | 18 years - No limit | 2 L - 2 Cr | INR 870 |
Note: The mentioned premiums are in consideration with a 21-year-old male who resides in the city of Gurgaon and is a non-smoker individual earning between 3-5 LPA.
Key Takeaways
- You can buy low cost health insurance with a sum insured value of 5 to 10 Lakhs.
- There are multiple options for comprehensive yet affordable health insurance plans in India.
- Cheapest health insurance plans also cover high-end coverage specifications, related to your healthcare needs.
- You must keep important details handy while investing in a low premium health insurance.
- Low-cost health plans such as Niva Bupa Aspire, Aditya Birla Activ Health Platinum Enhanced, Star Health Assure, etc provide the best coverage benefits under a sum insured value of 10 Lakhs.
What’s Special About These Low Cost Health Insurance Plans?
-
Niva Bupa Aspire Gold+
- M-iracle cover pays off all expenses related to maternity, surrogacy, IVF treatment, and more.
- Carry forward the balance sum insured upto 10 times.
- Cash-Bag accumulates (for every claim-free year) cashback will pay for your premiums, co-pay, OPD, and deductibles).
- The Borderless facility helps receive healthcare benefits anywhere in the world.
- Fast-forward options allow you to get what you’ve paid for, without any waiting period and restrictions.
-
Star Health Assure
- Unmilited restoration benefits.
- Modern treatments and coverage for non-medical items upto SI.
- IVF treatment and In-utero surgery cover.
- Home care treatment and compassionate travel options are also available.
- Rehabilitation and pain management cover upto 20% of the SI.
-
Care Supreme
- No-reduction cumulative bonus option, no matter how many times you claim against your policy coverage.
- Wellness discount option which helps you earn upto a 30% renewal discount.
- Discount Connect benefits allow you to receive discounts on maternity care, diagnostics, consultations,etc.
- Advanced technology and medical advancement treatments are covered.
-
ManipalCigna ProHealth Prime Active
- Pre-existing diseases like asthma, obesity, diabetes, high BP, cholesterol, etc are covered.
- Premium-waiver option offers you the peace of mind that even when you are incapable of paying premiums the policy cover must go on.
- Convalescence benefit gives you a lump sum benefit of upto INR 30,000 for a consecutive 10 days per hospitalization (if min SI value is 5 Lakh).
- Unlimited teleconsultation benefits are available.
- Get covered for HIV/AIDS and STDs, which only a few health plans in India cover.
-
Aditya Birla Activ Health Platinum Enhanced
- Upto 100% health return benefit.
- Premium waiver benefits on the diagnosis of listed critical illnesses.
- Domestic as well as international healthcare cover options with air ambulance services.
- Chronic management and mental illness cover.
- Treatment expenses for obesity and weight control.
Things to Consider Before Buying Low Cost Health Insurance
Here are some of the important things to keep in mind while you are planning to invest in a low monthly premium health insurance plan in India:
- Sum insured
If you are planning to invest in a low premium health insurance plan, the eligible sum insured value will depend on the benefits under your policy document. Generally, a 10 Lakh health insurance plan or a sum insured value between 5 to 10 Lakhs is sufficient to cover your basic healthcare expenses when you’re stuck in a medical emergency. - Waiting periods
Usually, the initial waiting period for health insurance plans ranges between 30 to 60 days, but some specific plans’ waiting periods may vary. You must choose a health policy, the waiting period of which should not exceed 30 days since you cannot utilize any coverage benefits within that time. - Eligibility criteria
The eligibility criteria of a health insurance policy may vary from one plan to the other. However, you must check your eligibility for buying the policy based on entry age, residential zone, need for insurance, and so on. To get a quote about the cheapest health insurance plans or a low premium health insurance plan, connect with our experts. - Network of hospitals
Even before buying your health insurance policy, check out the network hospital lists of the insurer. It will help you to receive cashless treatment facilities at your nearest networking hospital, saving you from the hassle of travelling long distances in the middle of an emergency. - ICR of the insurance company
ICR or the Incurred Claims Ratio of a health insurance company states how trustworthy the insurer is when it comes to settling hospitalization claims. Check the incurred claims ratio of your preferred insurer and know how you can rely on them, even if you are buying a cheap health insurance policy. - Hidden terms & conditions
Health insurance plans come with a definite set of inclusions and exclusions which you must check in your policy documents. Other than this, insurers put some hidden terms and clauses like co-pays, sub-limits on insurance coverage, deductibles, coinsurance, and so on which should be addressed before investing in any affordable health insurance policy.
Summing It Up
To buy the cheapest health insurance policy in India, you must know all the aspects related to its coverage benefits, exclusions, terms and conditions, and more. The reason is that not all cheap options are there to provide you comprehensive benefits like high-sum insured health insurance plans. You will require some guidance and regular support to buy a low cost health insurance policy in India.
Needless to say, PolicyX is always there to help you out, we are just one call away from you and your journey to health security with a health insurance policy. So, wait and delay your safety? Call us at 1800 4200 269 or get a quote now and be insured with an affordable health insurance policy.
Health Insurer Network Hospitals
Low Premium Health Insurance
1. Where can I buy the cheapest health insurance in India?
You can buy the cheapest health insurance plans from PolicyX.com. You must call our health insurance experts for more guidance on the best cheapest health insurance plans in India.
2. What’s the eligibility for buying low premium health insurance?
An individual above 18 years old can buy an individual low cost health insurance policy. Whereas, individuals over 65 years and above can buy affordable health insurance plans with customized coverage for senior citizens.
3. What is the minimum premium for the cheapest health insurance plans in India?
A minimum premium range for affordable health insurance plans is between INR 500 to 1000 monthly, depending on the coverage specifications that you choose.
4. Can I buy an affordable health insurance plan with high coverage benefits?
Yes, comprehensive health insurance plans come with high coverage benefits, and even if you buy a policy with low premiums, it’s possible to avail high coverage benefits.
5. Which low monthly premium health insurance plan should I buy?
There are several low premium health insurance plans in India like Star Assure, Care Supreme, Niva Bupa Aspire, and many more. To know more about the plan details reach out to PolicyX advisors at 1800-4200-269.
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Written By: Simran Nirala
Simran has an experience of 3 years in insurance content writing. She transitioned from hospitality to the insurance industry after her emerging interest in how vast insurance is. With her ability to write complex insurance concepts in a simple, relatable manner she keeps her audience hooked and solves their doubts smoothly.
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