Mention the list of health policies in India

Exploring the Health Insurance Policies Offered in India

We are aware of the individual and family healthcare policies offered by the top insurance companies in India. Do you know there are other types of health insurance available? Buying a policy without knowing the types might not give you the actual benefits you deserve. So, learning the health insurance list is the first step to choosing one.

Types of Health Insurance Policies

The increasing medical expenses can only be countered when you have opted for the right health insurance plan. Here is the list of health insurance policies you should know.

1.Individual plans

One of the most common policies, an individual plan, covers only one policyholder. This plan is entitled to one insured person. The premium may or may not be paid by the same individual.

2. Family insurance plans

These plans provide a cumulative health insurance plan providing medical coverage for all insured members. Here, you will pay one premium a year and enjoy the coverage benefits after the maturity of the plan.

3. Senior citizens only

This type of health insurance covers only the senior citizens. It only insures individuals of age equal to or more than 60 years. It is obvious that senior citizens will have pre-existing diseases. Hence, the clauses of these policies do cover those illnesses and hospitalisation costs.

4. Critical Illnesses

Health insurance covering only critical illnesses is quite common. Only chosen illnesses are covered by these plans. For this, individuals may have to for medical screening for critical illnesses. Its premium and compensation are higher than conventional health insurance policies.

5. Accidents

This type of health insurance covers medical costs related to personal accidents only. It may or may not provide financial aid due to disabilities and cover accidental death.

6. Benefit plans

Certain health insurance plans may provide investment benefits along with medical coverage. The clauses explain how a policyholder can get financial benefits at the end of tenure. Such plans have two specified components – health insurance and investment.

7. Maternity expenses

This health insurance type only covers the medical expenses of a pregnancy. Some cover only the medical expenses of procedures and hospitalisation. Some cover the pre-, in-patient, and post-pregnancy costs.

8. Top-up plans

These plans are like add-on benefits you can get. Such plans allow you to recharge the medical coverage assigned for a year by simply paying another premium in the same tenure. It helps cover increased medical expenses without buying a new policy and waiting for the maturity period to be over.

This mediclaim policy name list will help you find the right option for you and your family. The terms and conditions for these health insurance types will vary. Hence, you must get your queries clarified by the representatives.

Always make an informed buying decision to reap the insurance benefits. Experts suggest insuring family members to reduce premiums and get better coverage. Also, enjoy the tax benefits of different health insurance policies along with medical coverage. Go for the right plan to insure your loved ones.