There are a variety of good and affordable health insurance plans in India. As of the current year 2020, we have narrowed the list of cheap health insurance policies in the country.

Iffco Tokio General Insurance, SBI General Insurance, Liberty General Insurance, and The New India Assurance Company offer health insurance at the lowest price and comprehensive coverage for individuals. Here is the highlight of those plans.


Iffco Tokio General Insurance

SBI General Insurance

Liberty General Insurance

The New India Assurance Company


Sum assured

Rs. 50,000- Rs. 20,00,000

Rs. 50,000- Rs. 5,00,000

Rs. 3,00,000- Rs. 7,50,000

Rs. 1,00,000- Rs. 15,00,000


Pré-hospitalisation charges

45 days

60 days

30 days

30 days


Post-hospitalisation charges

60 days

90 days

60 days

60 days


Health check-up

1% of sum insured

Covered up to Rs. 2,500 (1 free check-up after 4 claim free years)

Free health check-up after 2 renewals

Free check-up after every 3 claim free years


AYUSH treatment


10% of sum insured of Rs. 15,000 of treatment


25% of sum insured


Please read the terms and conditions before opting for any of the plans. Note that the premiums for these plans vary based on the age, pre-existing conditions, coverage required and other factors.