Types of health insurance plans in India for 2022

Health is one of the most important things we have. And we should try our best to keep ourselves in the right shape. However, in the last two years, many of us fell sick and even had to visit the hospital many times. When we are not well, all that we focus on is getting the right treatment. This is why many of us end up spending a lot of money while settling the hospital bills. If you want to save some money during your treatment, you should buy a health insurance policy as soon as possible. 

Once you have a health insurance policy, the hospital bills will be taken care of by the insurance company. However, the bill has to be within the sum insured offered by the insurer. Now if you are giving thought to buy the best health insurance policy that meets your needs, here are some types of health insurance plans.

Individual Health Insurance Plans

An individual health insurance plan is for only an individual, who is the policyholder. Only the policyholder will avail of the benefits of the policy and get coverage. Under this kind of plan, the insurer provides coverage for medical expenses of the policyholder as per the sum insured chosen by the insured and the premium paid by them. Some coverage benefits that can be availed of under this plan are in-patient hospitalization expenses, domiciliary hospitalization expenses, pre-hospitalization, and post-hospitalization expenses, organ donor expenses, daycare expenses, and many more. It is perfect for people who are at a higher risk since this type of health insurance plan does not have a limit on the maximum age for renewal of a policy. This clearly means that with an individual health insurance plan, a policyholder can enjoy lifetime renewability benefits. If the policyholders want, they can even include their parents or other family members under this policy; however, it would be on an individual sum insured basis. 

Some examples of the individual health insurance plans available are:

  • Activ Health Policy offered by Aditya Birla Health Insurance
  • Young Star Policy by Star Health And Allied Insurance
  • Super Care Policy offered by GoDigit General Insurance
  • Activ Assure Diamond Policy offered by Aditya Birla Health Insurance

Family Floater Health Insurance  Plans

This plan can be bought for the entire family. When you buy this plan. there is no need of buying a health insurance policy for each member of the family. They all will be covered under a single policy. Under this policy, 4 to 15 family members can be covered. The premiums for this kind of plan are higher than an individual plan. However, if each member buys an individual plan, the total amount of premiums paid by the family will be much higher. The sum insured is shared by all the family members.

Some examples of the family floater health insurance plans available are:

  • Future Health Suraksha Family Plan offered by Future Generali Health Insurance
  • Iffco Tokio Family Health Protector Plan offered by IFFCO Tokio Health Insurance
  • Family Health Insurance offered by Kotak Mahindra Health Insurance

Senior Citizen Health Insurance Plans

These are typically for people who are more than the age of 60 years. The senior citizen health insurance plans aim at taking care of the requirements of the senior citizens of the country. You can find a few insurance companies that provide discounts on these plans. 

Some examples of the senior citizen health insurance plan available are:

  • Star Health Red Carpet
  • National Insurance Varistha Mediclaim
  • Oriental Insurance HOPE
  • Bajaj Allianz Silver Health
  • New India Assurance Health Insurance

If you want to know more about the various types of health insurance plans in India, you can visit the website of IIFL.

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