Medical Risk

These insurance plans just not let you find the best treatment for your health problems but also keep you stress-free from the expenditure point of view. Buying the right insurance plan can be a bit complicated as there are different types of Health Insurance plans in India.

Types of Health Insurance Plans	Suitable For
Individual Health Insurance	Individual
Family Health Insurance	Entire Family- Self, Spouse, Children, and Parents
Global Health Coverage	Used for funding expensive treatments across globe
Senior Citizen Health Insurance	Citizens of age 65 and above
Top Up Health Insurance	This insurance plan is beneficial when the sum insured of the existing policy gets exhausted.
Hospital Daily Cash	Daily hospital expenses
Personal Accident Insurance	It can be used in case of any loss or damage to the owner or driver.
Group Health Insurance	For a group of employees

Individual Health Insurance

An Individual Health Insurance plan is meant for a single person. Such types of medical insurance plan cover all the hospitalisation, surgical, pre and post medication expenditures till the insured limit is reached. The premium of the plan is decided on the basis of the buyer’s age and medical history. Moreover, the insured individual can cover his spouse, his children, and parents, too by paying an extra premium under the same plan.

 However, if you get insured for any existing illness, there is a waiting period of 2-3 years for claiming the benefits. 

Family Health Insurance

Popularly known as the Family Floater Plan, Family Health Insurance Policy secures your entire family under a single cover. In case two family members are getting simultaneous treatment, you can claim the insurance for both of them till the limit is reached. The premium is decided on the basis of the age of the eldest member to be covered up in the plan. So, try to avoid adding the members who are above 60 years in your family health insurance plan as they are more prone to illness, and thus, the premium will get impacted.

Senior Citizen Health Insurance

As indicated by the name, such types of Health Insurance in India provides coverage to people who are 65 years and above till 75 Years. So if you are planning to buy an insurance policy for your parents or grandparents, then this is the best insurance policy for you. The Senior Citizen Health Insurance will offer you coverage for the cost of hospitalisation and medicines, whether it arises from a health issue or any accident. It covers hospitalisation expenses and post-treatment costs too. On top of this, some other benefits like Domiciliary Hospitalization and Psychiatric benefits are also being covered.  

Top Up Health Insurance

An individual can buy the Top Up Health Insurance plan if he seeks coverage for higher amounts. But there is a “Deductible Clause” added to this policy. Therefore, when the claim is made, the payment done is over and above the pre-defined limit that is mentioned in the policy.