Comparison between health insurance plans of Star Health Insurance, ICICI Health Insurance and Bajaj Health Insurance
There was a time when people believed that getting admitted to the hospital is a detrimental thing and that is mostly because of the perils that it brought forth for you. One of the most exasperating outcomes of hospital admission amongst most families is that there was an accumulation of huge bills.
While some people lost their life savings, there were some who were even in debt just to pay off the amount. In such cases, how did the situation get better? It is at this juncture that the concept of Health insurance plans came in.
What are these? The insurance is like a safety backup of your savings and anytime you fall asleep and hospitalisation is required, this amount is reimbursed.
What Does one Mean By Health Insurance Plans?
A health insurance plan is essentially one where the individual is covered by some company on health grounds. Every time there is any kind of hospitalisation, be it for an accident or even for a health requirement, this plan can be reimbursed.
Having said that, it is also very important to understand that each of the companies has its own plans and depending on that the premium amount, as well as the rate of reimbursement or other policies, are decided on.
Because it can get a little confusing for people to make the distinction and make the right choice, we will talk about the three most promising names in the field - Star Health Insurance, iCICI Health Insurance and Bajaj Health Insurance.
All of these companies are quite famous and yet there are some companies which can be more suited for you. Health insurance plans are very important for individuals to invest in and no matter which age range you belong to, this investment is important to entrust to them.
Comparison Between Star, Bajaj and ICICI Health Insurance:
Star Health Insurance
Instead of talking about all the three health insurances at one go, it is more feasible that we take up one company at a time and consequently talk about the same. Anyone who knows even a bit would accept when we say that the Star Health Insurance is one of the most popular ones when it comes to the domain of health insurance.
One of the most important things to start with is that the health insurance plans from the house of Star Health seem to cover almost all types of medical expenses- be it an accident, cancer or even covid 19.
However, depending upon the complexity of your health, the premium amount is usually decided upon as well. Not only that, Star Health Insurance is only one of those centres that provide you with both Post and Pre hospitalisation costs.
Another very important thing about Star Health Insurance services is that they tend to offer very affordable premium rates and that automatically makes it affordable as well. We can safely say that Star Health Insurance services are for the middle-class people as well who want to secure their health as well as their savings for a lifetime.
Bajaj Health Insurance
The next insurance that we are going to talk about is the Bajaj Health Insurance policy which is equally important. As the name would suggest, Bajaj Health Insurance is run by the Bajaj company and it is multifaceted in nature. With more than 6500 network hospitals set across India, they do offer quite a steady package to those who want to get in touch with them and secure their health as well.
Another great thing about the application is that, unlike most other options where you need to pay the premium amount together, that is not the case with Bajaj Health Insurance at all. You can simply choose to pay in EMIs as well as monthly instalments although that might cost you a tad bit more than the others.
Bajaj Health insurance also offers you cashless treatment options and this ensures that you do not have to pay even single rupee cash in the hospital with the system that they tend to have. The Bajaj Health Insurance policy is certainly one of the best ones if you do not have a very complex medical problem which needs a lot of steady attention.
ICICI Health Insurance
Lastly, it is important to talk about the ICICI Health Insurance as well because it is also a great option for those who do want to go forth with the premium options when it comes to health insurance. The best thing about the ICICI Health Insurance is that it tends to offer you a lot of great specifications which you will not get very easily from other options. The premium is a tad bit higher than the other competitors in the market, but the quality of service certainly justifies that price hike.
It is again very important to understand that a health insurance plan like ICICI is not for the masses and hence it caters to a specific sect of the society. But at the same time, if you do want to invest in your health and not compromise on this aspect, then it does not get better than ICICI Health Insurance. Not only that, the most characteristic feature of the health insurance plan is that it caters to those who want to make the best resources available for their medical emergencies.
Now that we have understood a bit about each of the three options- Bajaj, ICICI and Star Health Insurance, it is imperative that we give you a clearer view as to which one might be right for you. The Bajaj Health Insurance is great for those who want to go forth with an option which is more sustainable and yet offers you a good enough range. Star Health Insurance is again a great option for those who have complex medical problems and require constant assistance at the same time. However, the ICICI Health Insurance is perfect for those who want to have a premium experience and get only the very best in this domain.