Healthy individuals form the backbone of a vibrant nation, contributing to a strong economy and higher living standards for families. While healthcare costs in India can be significant, especially for middle-class families, having health insurance provides a crucial safety net.Â
In today’s world, where the risk of serious illnesses and the associated treatment costs are increasing, health insurance plays a vital role in securing financial stability.
There are some government health insurance companies with which you can get an affordable premium with comprehensive coverage.
Read this blog post to learn about the companies offering general health insurance in India.Â
Factors to Consider When Buying a Health Insurance Policy
When choosing between government health insurance companies, ensure you select the best policy for your needs. Some of the key factors to consider include:
1. Coverage Options
Compare the coverage options provided by each government health insurance company. Look for comprehensive coverage that includes benefits such as free health check-ups, cancer coverage, maternity coverage, and coverage for alternative treatments like Ayurvedic and Homoeopathic treatments.
2. Premiums and Deductibles
Compare the premiums and deductibles of different policies offered by government health insurance companies. Consider your budget and choose a policy with affordable premiums and deductibles you can comfortably manage.
3. Network of Hospitals
Check the network of hospitals and healthcare providers associated with each government health insurance company. Ensure the policy offers access to a wide network of hospitals and healthcare facilities, including those in your locality.
4. Claim Process
Evaluate the claim settlement process of each government health insurance company. Look for a company with a streamlined and efficient claim process to ensure smooth and hassle-free claim settlements when needed.
*Claims are subject to terms and conditions set forth under the health insurance policy.
5. Additional Benefits
Consider the additional benefits such as tax deductions on premiums, free medical check-ups, portability options, and coverage for daycare procedures. These benefits can add value to the policy.
7. Reputation and Reviews
Look into the reputation and customer reviews of each government health insurance company. Choose a company with a strong track record of reliability, trustworthiness, and positive feedback from policyholders.
Best Government Health Insurance Companies in India
Here is a table summarising the key features of the top four government-owned insurance companies in India:
| Feature | The New India Assurance Company | National Insurance Company | Oriental Insurance Company | United India Insurance Company |
| Network Hospitals | 1200+ | 6000+ | 4300+ | 7000+ |
| Incurred Claim Ratio | 92.79% | 101.09% | 112.51% | 106.04% |
| Renewability | Lifetime | Lifetime | Lifelong | Lifelong |
| Waiting Period for Pre-existing Diseases | 4 years | 4 years | 4 years | 4 years |
| Key Benefits | – Lifelong renewable plans
– Covers up to 6 family members – Pre- and post-hospitalisation coverage – Free health check-ups – Comprehensive cancer coverage |
– Lifetime renewability
– 15-day free-look period – Pre- and post-hospitalisation coverage – Free medical check-ups – Covers Ayurvedic and Homoeopathic treatments |
– Lifelong insurance benefits
– Hassle-free claim experience – Covers pre- and post-hospitalisation expenses – Covers daycare procedures – Maternity cover – Tax deductions on premiums |
– Lifelong renewability
– Covers hospitalisation expenses – Pre- and post-hospitalisation coverage – Free medical check-ups – Portability option |
| Key Health Insurance Policies | – New India Top Up Mediclaim
– Mediclaim 2012 Policy – New India Senior Citizen Mediclaim – New India Overseas Mediclaim |
– National Insurance Mediclaim Policy
– National Varishtha Mediclaim for Seniors – National Parivar Mediclaim Policy |
– Oriental Individual Mediclaim
– Oriental Happy Family Floater – Oriental Overseas Mediclaim – Jan Arogya Plan |
– United India Individual Mediclaim
– United India Family Medicare – United India Senior Citizen Plan – United India UNI Criticare Plan |
*Standard T&C Apply
ConclusionÂ
It is essential for individuals and families in India to have access to affordable and comprehensive general health insurance. Factors such as coverage options, premiums and deductibles, a network of hospitals, claim process, additional benefits, customer service, reputation, and reviews can help in informed decision-making when choosing a government health insurance company.
By weighing these factors, individuals can select a policy that best aligns with their healthcare needs and financial situation. With government health insurance companies offering various key benefits and policies, individuals can find a suitable plan to safeguard their health and financial well-being.
With the right policy in place, one can confidently overcome healthcare challenges and secure a healthier future.
*Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale
*The content on this page is generic and shared only for informational and explanatory purposes. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making any related decisions.
