ICICI Lombard's health plan tops Mint-Beshak ratings

Apex Plus Plan, the latest version of Health AdvantEdge, is an all-inclusive insurance policy

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Are you planning to buy a health insurance policy soon? If so, here is how you can choose the best policy from among the numerous offerings in the market currently.

Check its ratings on Mint-Beshak.org, which has come out with an updated list of top health insurance plans available in the country. And, topping this list is ICICI Lombard Health AdvantEdge, an all-inclusive health plan.

This story, first in a Mint series, dissects health insurance plans based on the ratings decided by Mint-Beshak.org. It aims to help consumers understand the salient features of each product that has made its way to the list, starting with Health AdvantEdge.

Launched in August 2022, Apex Plus Plan is the latest version of Health AdvantEdge and is renewable for the lifetime. Here is why it gets top rating.

No cap on hospital room rent and disease-specific limits

These are the two important features in any health plan. Take for instance a health plan that has a room rent limit of ₹5,000 per day. "If the actual room cost is 10,000 per day, not only will the additional 35,000 per day have to be paid by the policyholder but the concept of proportionate deduction will also apply. In such a case where the insurer has only paid 50% of the room rent, it will also pay only 50% of each and every item in the hospital bill," says health insurance expert Aditya Shah.

What about single private AC room category? "All rooms like general wards and twin-sharing rooms can be taken without any proportionate deduction, but if you take a suite, the concept of proportionate deduction will come in, thereby limiting your claim," says Shah.

Health AdvantEdge doesn't have any room rent or type limit. The policy doesn't have any disease-specific limits either. However, bariatric surgery is limited to 50% of the sum insured (SI) and comes with an upper cap of 10 lakh.

Waiting period