Types of health insurance
There are different types of health insurance plans that come for individual health requirements and lifestyle needs.
You can select from:
1. Individual Health Insurance Policy
This insurance policy helps you to cover your personal health-related expenses and to cover medical bills during hospitalisation. The plan can be customised based on your age and lifestyle habits.
2. Family Floater Policies
These policies are for complete family's medical needs including spouse and children and in some cases it includes parents too. These are comparatively cheaper than individual plans but come with their own set of restrictions.
3. Critical Illnesses Plan
This plan is to provide health benefits for critical illnesses like cancer, paralysis, heart attack, and other terminal diseases. Under these plans, the insured is paid the entire sum assured at the time of diagnosis itself rather than waiting for the treatment to get over.
4. Maternity Policies
These are the health insurance plans that take care of maternity-related expenses including hospitalisation, delivery charges and in some cases cover even the newborn baby for a certain period.
5. Senior Citizen Plan
These medical policies are designed especially for senior citizens keeping in view the extensive medical care they need. These are often on a high premium than usual medical plans.
6. Fixed Benefit Medical Insurance Plans
These are the insurance plans only for a particular condition and the compensation is paid accordingly. The entire health is not insured under these plans. The example of these medical insurance plans are:
- Critical Illness Insurance Plans
- Personal Accident Insurance Plans
- Hospital Cash Insurance Plans
- Surgical Benefit Insurance Plans
- Plans for Specific Illnesses - Cancer, Dengue
7. Cardiac Care Plan
These are cardiac special health insurance plans since the cost of heart treatments has risen drastically in the last few years. These plans cover all heart-related ailments and surgeries.
8. Diabetics Plan
These plans, after a waiting period, cover the insured for diabetes and its related complications. There are only a few insurance companies in the market providing such medical plan.
9. Dengue Care Plan
These insurance plans provide cover against expensive treatment for Dengue as it keeps coming back as an epidemic every year.
10. Personal Accident Plan
The personal accident plan helps to cope up with the expenses incurred due to injuries in an accident. It could be a disability, partial disability and long periods of recovery and rehabilitation. Hospitalisation expenses and routine household expenses are covered in this plan.
11. Top-up Plans
This plan offers financial coverage for hospitalisation expenses after the basic sum assured is used in a given policy year subject to a capped limit. Top-up can be used only once in a year.
12. Super Top-up Plans
These plans provide financial coverage for hospitalisation after the basic sum assured is used. The benefit of this plan is that you can use it multiple times in a year until the extended cover limit is not used completely.
13. Cancer Care Plans
Even though cancer is part of critical illnesses plan, a health policy dedicated to cancer is more beneficial if the insured has a genetic history. This gives access to a substantial amount of funds for managing and treating the disease.
14. Extended Family Plans
Certain insurance companies also provide health insurance coverage to siblings and extended family including the family of spouse etc. This gives comprehensive health coverage to the entire family.
15. Worldwide Emergency Cover Plan
For those travelling frequently all over the world for business or leisure purposes can avail such plans to take care of the medical expenses in a foreign country.
16. OPD Cover Plans
These plans provide health coverage for expenses incurred on getting counselling, tests and medications from an Out Patient Department (OPD).
17. Without Pre-policy Medical Check-up Plan
Many insurance companies offer health plans in which you do not have to undergo any medical tests. You can buy them online by providing only basic health information about yourself.
18. AYUSH Cover Plans
AYUSH stands for Ayurveda, Siddha, Unani and Homeopathy. These alternative modes of treatment are also covered by certain health plans offered by the major insurance companies.
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