Types of policies available under health insurance India
Buying health insurance is a good way to invest your hard earned money. But, before you get any particular deal, make sure that you know the different types of health insurance India offers available for individuals and family members.
Various types of health insurance India policies are available. In case you have decided that you are going to insure your health and the well being of your family, know the details of the types and offers available in India. So many types and offers of health policies are available that these are likely to fit almost everybody’s need. Securing your health is important because you cannot have an idea of the future. Furthermore, the cost of hospitalization and treating yourself is extremely high.
Health insurance policy types
If you search, you will get numerous types of policies worth your money. Below discussed are some of the best health insurance policy types in India:
>>Individual mediclaims — This is the most simple form of policy designed to help an individual insure his/her health. You can get coverage on the cost of hospitalization and the maximum amount available in reimbursement is the sum assured limit. As for the premium payments, the amount can vary depending on the value of the sum assured. Therefore, it is always better to talk to the agent or the person offering the deal to have a clear idea on the policy.
>>Family floaters — The family floaters are the types of policies, which help insure health of your family. It is no different than an individual mediclaim policy, but in this case you can claim reimbursement on the medical expenses of your family members. As for the value of the sum assured, it varies amongst the members of your family. The best thing about this type of deal is that the premium amount is less as compared to the individual coverage you may have bought for each family member.
>>ULIPs — This is a great way not only to insure yourself and your close ones, but also invest your hard earned money in an easy way. Therefore, the amount you can get back on completion of the policy term is more than the usual amount. It includes the usual pay back and the investment returns. This is a great way to secure your future.
The above are the three main types of health deals available. The features can differ according to the terms and conditions of the company you are going to buy it from. Therefore, it is extremely important for you to read the fine print carefully so that you can get the best in the market.
