Different Types Of Health Insurance Plans In India
To ensure that the health insurance plan meets your insurance needs it is important to know the different types of health insurance plans to decide the right policy.
Different types of health insurance plans in india - Mentioned below are the different types of health insurance plans you can choose as per your insurance requirement. To simplify we can say that health plans are divided into two broad categories each of which also has sub categories. Universal health insurance scheme offers individual as well as group insurance.
Health insurance also called medical insurance or simply mediclaim covers the cost of an individual s medical and surgical expenses. But the availability of various types of health plans from individual health plans family floater policies to senior citizen health plans etc. There are two types of health insurance plans in hospitalization health insurance policy.
Unit linked health plan. Following are the different types of health insurance in india. In this case a certain amount of the hospital expenses is to be paid by you and the insurance provider will take care of the rest of the bill.
A health insurance plan covers against hospitalization expenses by meeting your hospital bills. Types of health insurance plans in india. Let us take a look.
Can make it confusing to select the right one. You may find a variety of health insurance plans available to cater to your different insurance needs. Reimbursement plan and fixed benefit plan.
The individual pays a fixed sum premium every year for the health cover. With a host of different plans available understanding the types of health plans becomes difficult. The health insurance sector hovers around 10 in density calculations.
This scheme can be availed by the poorest of the poor in the age group of 5 to 70 years. It covers hospitalization accident and disability. The health insurance plan you take should fulfil all your needs and ease all your worries.
Therefore to help you understand better here is a quick rundown of the different types of medical insurance plans in india and their benefits. However it requires thorough research of the market before zeroing down on a plan. In india the universal health insurance scheme aspires to do that and much more.
Irda which is responsible for insurance policies in india can create health circles similar to telecom circles to promote competition. Hence it becomes vital to compare the different insurance types online in terms of their offerings premium or claim settlement ratio of the insurers. The premium varies as per the size of the.
Types of health insurance. One of the main reasons for the low penetration and coverage of health insurance is the lack of competition in the sector. Until about three decades ago indemnity plan was the popular type of health insurance.
