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Learn About the Various Types of Health Insurance in India

Published On Aug 10, 2022 10:00 AM By InsuranceDekho

Emergencies often come uninvited. And a financial strain at such a time can be disturbing. However, having a health insurance plan for your dear ones' financial security during hospital stays and medical situations can significantly improve the situation. There are many options available in the market for health insurance plans, but you must pick the kind of policy that suits your needs. To accomplish that, you should first gain knowledge about the many health insurance policies available in the country.

Health Insurance Options in India

There are many types of health insurance available in India. You can check from below mentioned types which will suit you better:

  • Health Insurance for An individual

A personal health care plan, as the title indicates, provides insurance on an individual level. Personal health insurance policies include a variety of services to give the client full coverage. Additionally, the premium is calculated according to each person's specific details and the specific amount covered. In individual policies, a claim made by one covered member has no bearing on any other covered member's insurance cover. 

You can get an individual health care policy for both, you and your partner individually. The majority of personal healthcare plans are annual renewal policies that allow you to make claims for covered incidents up to the amount covered throughout the insurance year.

  • Family Floater Health Insurance 

Everyone in the family is granted insurance under a family floater plan. The price for a family healthcare plan is considerably less expensive than the premium for individual coverage since it allows you to cover not just yourself but everyone in your family. Typically, the premium is calculated by the member of the family who is the oldest.

It nearly seems like an individual healthcare policy in terms of coverage. The key differentiator is that everyone in the family would be covered by the insurance in a single sum.

A family floater policy is a wonderful choice if you have young children or family members who do not suffer from major health problems due to the lower possibility that your covered amount will be exhausted.

  • Senior Health Insurance Program

For individuals over 65, the Senior Citizen Policy for Health Insurance offers benefits. Choose this policy if you wish to get healthcare coverage for your aging parents or other loved ones. The Senior Citizen Healthcare Plan often has a little higher amount of premium than the first two health insurance categories. 

  • Critical Illness Plan

A specific benefit is offered by a critical illness healthcare policy, a sort of health insurance. In such policies, the insurance pays the policy bearer a lump sum payout upon the identification of one of the specified critical diseases. The list of diseases covered varies according to the coverage. The main diseases listed below are some of those that most insurance policies cover:

  1. Stroke
  2. Kidney failure
  3. First heart attack
  4. Multiple sclerosis
  5. Paralysis
  6. Cancer
  7. Major organ transplant
  • Group Health Insurance Plan

A number of people can be covered by the Group Health Insurance Policy. The GMC (Group Medical Coverage) is the most popular kind of group policy. The GMC is often provided to employees by a corporation or a company.

Your family may be covered under the same GMC insurance as you if it may allow, or it could be for every individual worker. Your company may require you to pay a higher premium for your family to be included but that is completely upon them.

  • Hospital Cash Benefit Scheme

In the event of hospitalization, the hospital cash benefit program includes lump-sum compensation to cover any associated daily expenditures. This bonus is extra to what the fundamental health insurance policy covers. The majority of health insurance policies include a hospital cash bonus as an extra service.


Understanding the various healthcare policy types and the advantages each one offers can aid you in better comprehending your needs. You may choose wisely to buy the policy to protect your well-being if you have a strong knowledge of it.

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This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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