4 Types of Health Insurance to Consider For You and Your Family

As the expense of doctor visits, tests, and treatments continues to rise, many people recognise the need for health insurance. Having a health insurance plan is important because it can help you access the right healthcare without having to worry about your finances. A wide range of health plans are available today, that cater to the varying needs of consumers. One can choose according to their needs, to ensure optimum financial support for their health concerns.

You can consider purchasing one of the following four types of health insurance policies:

Individual Health Insurance

It is a commonly available type of health insurance. You may choose this if you are seeking coverage only for yourself. Preventative health check-ups, pre- and post-hospitalisation, ambulance charges, and day-care treatments are some of the inclusions offered under such a plan. An individual health insurance plan offers coverage for a single person under a single sum insured.*

Health Insurance for an Entire Family

Family Floater Health Insurance or family medical insurance is another popular option. This is the sort of health plan that you can buy to cover all members of your immediate family under a single cover. The health insurance benefits offered under this plan apply to all members added to the coverage. All included members will be covered under a single sum insured that is paid for by the policyholder.

Family floater plans can be used to insure yourself along with your spouse, up to two children, as well as parents. It is essential to check your policy details to know the specifics of the coverage offered. In addition to core hospitalisation costs, related expenses such as organ donor expenses, ambulance charges, and day-care may also be covered. Furthermore, you could also expect coverage for mental health care as well as alternative treatments like Ayurveda or Homeopathy.*

Health Coverage for Senior Citizens

The senior citizen health insurance plan is an option to consider if you seek health coverage that offers you financial support when looking for necessary healthcare. The plan can cover a range of hospitalisation expenses and may be especially suitable for older adults. Pre- and post-hospitalisation care and prescribed medicines are everyday expenses covered by these types of plans, similar to family medical insurance coverage.

Coverage in Case of Critical Illnesses

A critical illness health insurance plan is a type of policy that offers coverage for a specific range of conditions that are considered serious. This may be so because they may require extensive medical attention and prolonged treatment. Some of the ailments that may be covered under this type of plan include:

  • Myocardial infarction (first incident)
  • CABG (open chest)
  • Stroke (leading to permanent symptoms)
  • Cancer (of specific severity)
  • Major organ transplant
  • Multiple Sclerosis with persisting symptoms
  • Kidney failure (requiring regular dialysis)
  • Aorta surgery
  • Primary Pulmonary Arterial Hypertension
  • Permanent Limb Paralysis
  • Neurosurgery
  • Joint replacement

These plans can be taken for adults, senior citizens, as well as children. If you believe yourself or a loved one to be at risk for such ailments, it may help to consider a critical illness policy, as it can offer you financial support in times of need, so you could focus on getting the right treatment.

Finally, if you and your family rely on your employer’s group health insurance, remember to enhance this coverage with additional policy that suits your needs.

Get insured anytime, anywhere! Check out the Bajaj Allianz General Insurance website to learn more and download the app now.

* Standard T&C Apply

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.

Related Articles

Back to top button