Skip to content

Health Insurance · head to head

My Health Care Plan (Plan 1) vs MediCare Select

Save New comparison

Quick verdict

  • My Health Care Plan (Plan 1) is better for high sum insured available.
  • MediCare Select is better for longer pre- and post-hospital cover.

Computed from stored specifications, the published health insurance scoring rules and recorded prices. Not an opinion.

Specifications side by side

Spec
My Health Care Plan (Plan 1)
MediCare Select
Cover
Plan type
Individual and family floater
Individual and family floater
Sum insured options
3 lakh, 4 lakh, 5 lakh, 7.5 lakh, 10 lakh, 15 lakh, 20 lakh, 25 lakh, 30 lakh, 35 lakh, 40 lakh, 45 lakh, 50 lakh, 75 lakh, 1 crore, 2 crore, 3 crore, 4 crore, 5 crore
5 lakh, 7.5 lakh, 10 lakh, 15 lakh, 20 lakh, 25 lakh, 50 lakh, 75 lakh, 1 crore, 2 crore, 3 crore
Highest sum insured
500 lakh
300 lakh
Entry age
3 months to 65 years
From 0 days (no maximum stated)
Room rent
SI 3 Lac to 10 Lac: Single Pvt AC Room; above 10 Lacs SI: Actuals (other options selectable)
Single Private Room
Co-payment
None
None
Waiting periods
Initial waiting period
30 days
30 days
Pre-existing disease waiting
36 months
36 months
Specific illness waiting
24 months
24 months
Benefits
Pre-hospitalisation
60 days
90 days
Post-hospitalisation
90 days
90 days
Day-care treatment
Yes
Yes
AYUSH treatment
Yes
Yes
Restore benefit
Sum Insured Reinstatement: once for SI below 5 lacs; unlimited for SI 5 lacs and above (available for same illness)
Restore Infinity Plus: unlimited restorations of base sum insured during a policy year
No-claim bonus
Cumulative bonus 50% per annum max 100% for SI 5 lakh and above (25% for SI 3/4 lakh); reduces in case of claim
Cumulative Bonus 50% of base SI per claim-free year, max 100% (50% decrease after a claim) OR 1% discount in renewal premium
Maternity
Covered for SI 5 lakh+ (INR 50,000 to 1,00,000 by SI) after 36-month waiting period
Optional cover: 10% of SI max Rs 1,00,000 per policy year, 2-year waiting period
OPD
Covered up to OPD Sum Insured in Policy Schedule (brochure: OPD benefit of 2X the premium)
Not covered
Insurer
Health incurred claim ratio (insurer)
87.31%
76.24%
Claims figures for
FY 2024-25: health incurred claim ratio including personal accident, IRDAI Annual Report (Statement 10)
FY 2024-25: health incurred claim ratio including personal accident, IRDAI Annual Report (Statement 10)
Network hospitals (insurer)
18,400+
13,000+
IRDAI UIN
BAJHLIP26074V022526
TATHLIP27061V022627

A tick marks the better value where the category rules say higher (or lower) is better. Text values are shown without a winner. Ties have no winner.

Pros and cons

My Health Care Plan (Plan 1)

  • Pro: Sum insured up to ₹5 crore, higher than 88% of the 52 health insurance plans on Comparezi that state it
  • Pro: No co-payment on claims

MediCare Select

  • Pro: 90 days of pre-hospitalisation cover, longer than 79% of the 49 health insurance plans on Comparezi that state it
  • Pro: No co-payment on claims
Compare