What are the types of health insurance plans in the country? Whether you’re looking for a policy for yourself or your family, you’ll be pleased to know that there are several types available. In addition to individual plans, you can also get a group medical insurance plan, which can be very convenient for large families. You can choose between different amounts of coverage for your family’s needs, including a minimum amount of 5 lakhs or a maximum of one crore.
Traditional health insurance plans include indemnity policies. These cover most medical expenses, including hospitalization. Typically, the insurer pays for eligible medical costs, such as surgery, x-rays, and MRIs. Indemnity plans are the most common type of health insurance policy, and are the most popular in India. They’re designed to help you get the medical treatment that you need at an affordable price.
Another type of health insurance plan is known as a disease-specific plan. These policies are designed for specific diseases, and can be purchased separately from the base plan. Disease-specific health insurance plans can be beneficial if your family has a history of a particular disease. These plans often eliminate waiting periods, and may be the best option for you. However, they’re not ideal for every situation. Those with a family history of specific diseases or those who don’t have an income that will allow them to pay the premiums may benefit most from these policies.
Group health insurance plans are an affordable way to protect your family’s health. These plans typically cover the health care costs of employees and are offered by large enterprises. Most large enterprises offer group health insurance as a benefit to their employees, and the premiums are much lower than individual health insurance. Most group plans also offer psychiatric benefits. You can choose from among the many plans available in the country.