What are various kinds of medical health insurance policies in India?


Within the times of emergencies, a person not only needs emotional support but in addition to financial support. Medical insurance helps in bearing the prices of the increasing medical expenses by paying the coverage, subsequently the most important query arises is which style of policy to be chosen from the pool.

There are numerous policies available by different insurance firms, it is necessary to discover needs and desires after which make the precise decision. Let’s have a have a look at the sorts of insurance policies available.

Individual Health Insurance

It’s a style of insurance which covers the person i.e., the policyholder only. The sum insured within the policy is fixed by considering major aspects like age, lifestyle, medical records etc. The policy covers all of the expenses which have occured within the time of any emergency related to health of the insured.

Family Floater Health Insurance

Because the name suggests the plan is for all of the members of the policyholder including themselves. It’s an excellent policy which an individual is on the lookout for a combined policy plan. The sum insured within the plan is combined as well for all of the members included, making the premium less costlier. It is useful to not select the plan if one in all the members is above the age of 60 years, as they’re more vulnerable to fall ailing and thus making the premium costlier.

Group Health Insurance

That is the style of plan which is bought for colleagues or employees. It’s a sort of incentive offered to the staff which increases their retention in the corporate. The plan has a low price premium and a few insurance firms also allow refills for the sum insured.

The plan covers hospitalization brought on by accidents, psychiatric reasons, maternity, critical illness etc. It is crucial to notice that the policy only holds till the time the worker is an element of the organization.

Senior Citizen Health Insurance

The plan is most ideal for people who’re above the age of 60 years. The policy covers expenses of medication, pre and post treatments, cases of critical illness and accidents.

Some corporations also conduct full-body checkup before the policy is signed in an effort to fix the sum insured and the premium price. Because the senior residents are more vulnerable to health problems, these policies are considered to be dearer.

Maternity Health Insurance

It’s a plan for newly married couples or families who’re planning to have a baby in the approaching years. All of the expenses incurred through the pregnancy, pre and post delivery and expenses of the child till 90 days are covered within the policy. The waiting period of the policy in 2 years.

Critical Illness Insurance

Lifestyle diseases have increased through the years, due to which insurance firms have provide you with an insurance policy which covers certain health diseases under it. The health problems include – cancer, stroke, kidney failure, paralysis, coronary artery bypass surgery, heart attack, pulmonary arterial hypertension, multiple sclerosis, aorta graft surgery.

Because the treatment of those health problems is sort of expensive, the policy gives a set amount of payment to the insured as and once they get diagnosed. The policy has life-long renewability and probably the most crucial part is that the policyholder must survive 30 days after the diagnosis to avail the advantages.

The vital part to notice is that, when the diagnosis is completed the sum insured fixed is given in lump-sum after which the policy terminates.


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