Introduction
In India, health insurance is a product that offers coverage for the expenses of medical care.
There are various health insurance products in India such as:
1. Basic Health Insurance: It provides coverage for in-patient hospitalization and cashless treatment at select hospitals.
2. Comprehensive Health Insurance: It covers in-patient and out-patient expenses and offers additional benefits like cashless treatment at all hospitals, ambulance charges, and daycare expenses, among others.
3. Family floater plan: It covers all members of a family including parents, spouse, and children under 18 years of age with no age limit on the family members covered by the plan.
4. Senior Citizen Plan: It provides coverage to senior citizens who are above 60 years old.
Basic Health Insurance
The basic health insurance policy in India is a form of health insurance that is designed to cover the medical expenses of the insured. It is a type of indemnity plan where the company pays for your medical expenses and you are responsible for paying the premiums.
There are two types of basic health insurance policies:
1) Small group coverage: This type of policy covers employees who work for companies with less than 50 employees.
2) Individual coverage: This type of policy covers people who don’t work for companies with less than 50 employees and want to buy their own coverage.
Comprehensive Health Insurance
A comprehensive health insurance policy is a type of health insurance coverage that provides protection for all the risks involved in a person’s life.
There are two types of comprehensive health insurance policies:
1. Individual Health Insurance covers you and your family.
2. Family Health Insurance covers you, your spouse, and your kids under 18 years old.
Family Floater Plan
India has the fastest-growing population in the world. And with this, there is an increased demand for family floater health insurance plans.
Family Floater Plan is a type of health insurance plan that covers all members of a family, including children and parents. It provides coverage to each member of the family on a “floating” basis, meaning that it covers all members at different times depending on who needs care first.
This type of plan is especially useful for families with children as it provides coverage for every member of the family when they are not well or when they need medical attention.
Senior Citizen Plan
The senior citizen plan is a special type of health insurance policy that provides coverage for people who are above the age of 60. The policy is available at a discounted price and has many benefits.
The senior citizen plan is also called the old age health insurance, senior citizen health insurance, and old-age health insurance.