New Delhi: Covid-19 hit the world hard, impacting millions of lives across the globe. People in those times realised how important it is to save our families and shield them from any future uncertainties
Indians after the first Covid-19 wave started heavily buying health insurance plans with investing in various kinds of investment plans.
Health insurance plans also known as medical insurance provide compensation to the policyholders for medical costs such as surgeries, hospitalisation, injuries, illness or even accidents.
Health Insurance Plans to Buy in 2023
1. Aditya Birla Activ Health + Multiply Fit Combo:- Insuring cover from INR 2 Lakh to INR 2 Crore with a network of 10,000 + hospitals. Starting from 5 years of age
2. ICICI Lombard – Complete Health Insurance Policy:- Insuring cover from INR 1 Lakh to INR 50 Lakh with a network of 6,500 + hospitals. Starting from 91 days and 18 years of age
3. STAR Health’s Senior Citizens Red Carpet Health Policy:- Insuring cover from INR 1 Lakh to INR 25 Lakh with a network of 12,000 + hospitals. Starting from 60 years and 75 years of age
4. HDFC ERGO My: HEALTH Women Suraksha:- Insuring cover from INR 3 Lakh to INR 24 Lakh with a network of 13,000 + hospitals. Starting from 18 years and 55 years of age
5. Reliance Health Gain Policy:- Insuring cover up to INR 3 Crore with a network of 8,600 + hospitals. Starting from 18 years and 65 years of age.
Significance of Health Insurance Plans:-
1. Providing financial aid to policyholders against hefty medical expenses.
2. Safeguarding one’s own family.
3. Dealing with medical inflation
4. To not just Squander everything all at once and for all in times of need.
Right Amount needed
As per financial experts, one’s health insurance coverage should be at least 50% of one’s annual income
For instance, if the annual income of a person is INR 15 Lakhs, then he/she needs to buy medical insurance coverage of INR 7.5 Lakhs.
