7 Type of health insurance plan | Types of Health Insurance Plans in India

 Types of Health Insurance Plans in India Buying health insurance online is easy only when the buyer is aware of the different types of plans available in the market.  Health insurance companies in India offer 7 types of health insurance plans that cater to the different needs of people of different age groups and different health conditions.  Below are the types of health insurance plans one can choose according to their needs: 1. Individual health insurance plans Individual health insurance plans cover only one individual, the policyholder, who can avail all the coverage benefits offered under them.  does.  Under an individual health insurance plan, the insurance company covers the medical expenses of the insured as per the sum assured chosen and the premiums paid.  Some of the common coverage benefits offered under these plans include inpatient hospitalization expenses, pre and post hospitalization expenses, daycare expenses, home hospitalization expenses, organ donor  Expenses etc. are included.  Best suited for people with high health risks, individual health insurance plans generally come without any upper age limit for policy renewal.  This means that the plan offers lifelong renewable benefits to the insured.  Also, an individual can include his/her parents and immediate family members on the basis of individual sum assured under the policy.  Individual health insurance plans cover people on the basis of the individual sum assured, so there is no restriction on the number of claims made during the policy term.  Some of the popular individual health insurance plans available in the market are: Individual health insurance policy by United India Insurance Company Individual health insurance plan by Universal Sompo General Insurance Company Individual health cover policy by IFFCO Tokio General Insurance 2. Family floater health insurance plans Individual health insurance plans  Unlike, a family floater health insurance plan provides coverage to the entire family based on the floater sum assured.  One of the best benefits of a family floater health insurance plan is that it allows an individual to cover himself as well as his family members under a single health insurance plan, making it easier for the insured to manage  it happens.  When it comes to covering your parents under a health insurance policy, a family floater health insurance policy is an affordable option as compared to a senior citizen health insurance policy.  Family floater health insurance policy covers your family members, including legally married spouse, dependent children, parents, father-in-law, brother, sister, and other relationships that are separated from the plan, at an affordable cost  at premium.  These plans are recommended for young families as there is less chance of making multiple claims then.  It allows the member to claim to get more coverage at a lower premium.  Some of the popular family floater health insurance plans available in the market are: Complete Health Insurance Policy by ICICI Lombard General Insurance Company Family Medicare 2014 Policy by United India Insurance Company Whole Health Care Insurance by Universal Sompo General Insurance Company 3. Senior Citizen Health Insurance Plans Senior Citizens  Health insurance plans are designed for people in the age group of 60 years to 75 years to meet their respective insurance related needs.  It is recommended to get a senior citizen health insurance policy as most of the individual or family floater health insurance plans do not provide coverage to people above 65 years of age.  Over 65 years, they only allow renewal.  Some of the unique coverage benefits of senior citizen health insurance plans include daycare expenses, home hospitalization expenses, cashless hospitalization, cover for pre-existing diseases and cover for specific diseases.  Some of the popular senior citizen health insurance plans available in the market are: Care Senior by Care Health Insurance Red Carpet Policy by Star Health & Allied Insurance Senior Citizen Mediclaim Policy by New India Assurance 4. Critical Illness Insurance Plans Critical Illness Plans for life threatening diseases  Covers the insured for cases that are serious and long-term in nature such as heart attack, stroke, stroke, cancer, kidney failure, etc.  These plans provide a lump sum amount to the insured on the first diagnosis of critical illnesses covered under the plan.  The insured can use the amount received to avail the necessary treatment not only in India but also outside India.  The insured can use the amount to pay off the loan, if any, for the education of the child, or in any other manner as per the requirement.  It is recommended to be covered under a critical illness policy as the treatment of critical illness is costly.  If someone is diagnosed with a serious illness, it can cause damage to their pocket, if one has to bear the expenses themselves.  Some of the popular critical illness health insurance plans available in the market are: UNI by Criticare Policy