Health Insurance

By Author: Kartiki
Total Articles: 1
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Health insurance is also known as medical insurance. A health insurance plan is a contract between the insurance company and the policyholder in which the health insurance company provides you with financial coverage against medical expenses incurred due to accident, critical illness, minor or major injuries, etc.

Policyholders need to pay a pre-determined amount (health insurance premium) to avail the coverage benefits of a health insurance policy. A health insurance plan offers various coverage benefits such as pre and post-hospitalization, home hospitalization, coverage for daycare treatment, annual medical check-up, etc.

What is Health Insurance
Types of Health Insurance
Health insurance can be a savior in the time of a medical emergency. There are 6 different types of health plans available in India to meet your unique healthcare needs. Let us discuss the different types of health insurance plans in detail:

01
Individual Health Insurance
Individual Health insurance is a type of health insurance plan that offers coverage on an individual basis. This type of health insurance plan ...
... covers the cost of medical expenses that arise due to accidents, critical illness, major or minor surgeries. Individual health insurance plans offer comprehensive coverage to an individual at the time of medical emergencies. It covers the cost of in-patient hospitalization, daycare treatments, OPD charges, etc.

02
Family Floater Health Insurance
Family health insurance is a type of health insurance plan that provides medical coverage to the entire family in a single health insurance plan. A policyholder can cover a maximum of 6 family members (spouse, dependent children, parents, and parents-in-law) under a family health policy. The sum insured amount will be split among all the members covered under the Family Health Insurance plan.

03
Senior Citizen Health Insurance
Senior citizen health insurance is a type of health insurance plan that provides medical coverage to individuals above the age of 60 years. If you want to buy a health plan for a parent or a senior citizen, you should opt for senior citizen health insurance. A senior citizen health policy covers the cost of medicines, doctor's consultations, pre and post-hospitalization, etc.

04
Critical Illness Health Insurance
Critical illness health plan is a type of health insurance plan that provides a pre-defined lump sum amount to the insured if he/she is diagnosed with a critical illness such as cardiovascular disease, cancer, renal failure, etc.

05
Group Health Insurance
Group Health Insurance is a type of health insurance plan that is designed to provide medical coverage to a group of people. Generally, a company or employer provides a group health insurance plan to its employees. Group health plans come with a low premium cost as compared to other health insurance plans. You can add your family members to the same policy. A group health insurance plan covers the hospitalization cost incurred due to injuries, illnesses, accidents, etc.

06
Top up Health Insurance Plan
Top up health insurance plans act as additional protection for you and your family at the time of medical emergencies. Top up health insurance is a type of health plan that replenished the sum insured amount up to a certain amount. It offers the higher sum insured amount over and above the basic sum insured amount.