Online health insurance is a great option when protecting your loved ones financially during network hospital stays and medical emergencies. Many options are available on the market, but you must select the plan that suits your needs. To do that, you must first comprehend India’s various health insurance plans. In-depth information about several kinds of health insurance plans is provided in this article to help you make an informed decision.
- Individual Health Insurance Plans
Individual Health Insurance Policies cater to single individuals, reimbursing network hospital-related expenses up to the insured amount. If your policy has an insured sum of Rs. 5 lakhs, you can claim up to that amount. The coverage includes network hospital stays due to illnesses, surgeries, daycare, room rental, etc. This plan is available for individuals aged 18 to 65.
- Family Floater Health Insurance Plans
The Family Floater Health Plan covers the entire family under a single policy, with the insured amount shared equally among beneficiaries. Unlike individual plans, the premium is lower if each family member purchases one. For example, if you have Rs. 20 lakh coverage, and surgery costs Rs. 10 lakh, the policy covers it. The remaining Rs. 10 lakhs can be used for planned network hospital stays or emergencies. ##
- Senior Citizen Health Insurance Plans
Designed for individuals over 65, the Senior Citizen Health Insurance Policy is ideal for purchasing health insurance plans for parents. The premium is slightly higher than individual or family floater plans due to the higher likelihood of health issues in older individuals.
- Critical Illness Health Insurance Plans
Critical Illness plans to safeguard finances in the event of a severe diagnosis like cancer or heart attack. These plans provide a lump sum payment if a claim is filed, such as receiving Rs. 15 lakhs for a covered cancer diagnosis. Features include lifetime renewal and a waiting period after diagnosis, and some plans even offer free annual health exams.
- Group Health Insurance Plans
Group health insurance plans cover individuals and are often provided by businesses or employers. Group Medical Cover (GMC) is a popular type that extends coverage to employees and potentially their family members. The employee may pay an additional premium for family inclusion. These plans usually offer basic coverage without employee contribution, may have no waiting period, cover network hospital stays, and include extra benefits like maternity, child care, outpatient treatments, and value-added services.
Remember to carefully consider the features and coverage of each plan to choose the one that suits your individual or family’s health insurance needs. Discover the diverse online health insurance solutions Bajaj Allianz provides, designed to cater to distinct healthcare requirements and financial security, ensuring comprehensive coverage for you and your loved ones. For uninterrupted coverage, ensure you carry out the Bajaj Allianz health insurance renewal process on time. Claims are subject to terms and conditions set forth under the health insurance policy. *
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*Standard T&C Apply
##All savings are provided by the insurer as per the IRDAI-approved insurance plan.
Disclaimer: The content on this page is generic and shared only for informational and explanatory purposes. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making any related decisions.
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
