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Short Term Or Long Term Health Insurance - Which Is Better For Me?

Updated On Feb 15, 2022

When purchasing health insurance, you have the option of purchasing a short-term health plan for 3 to 6 months or a long-term health plan for more than a year. Your selection should be based on your medical needs and the length of time you want to use the benefits. If you have a long-term health insurance policy, such as a critical illness or family floater plan, it serves a function.
But, in contrast to other short-term policies, insurers have developed short-term COVID-19 health insurance in response to the coronavirus pandemic. So, before you get health insurance online, it's a good idea to know what the differences are. To know more about the difference between short term and long term health insurance, read on.

Short Term Or Long Term Health Insurance - Which Is Better For Me?

Who Should Consider Purchasing a Short-Term Health Insurance Plan?

Short-term health insurance policies are appropriate for covering temporary insurance needs. For example, in the event of a job change, a COVID-19 epidemic, and so on. During the transition period, short-term medical insurance assists in replacing the short gap in medical coverage.
1. These programmes might last anything from three months to a year.

2. They are an excellent way to pass the time while exporting out your health insurance plan and to remain insured throughout the portability period.

3. The advantage of getting a short-term healthcare program is that you didn't have to think about any unexpected medical emergencies during that time.

4. Short-term health insurance makes sense for students that come to school for a shorter period of time, as well as NRIs (Non-Resident Indians).

However, everyone should purchase Corona Kavach and Corona Rakshak short-term COVID health plans with policy terms of 3.5 months, 6.5 months, and 9.5 months to combat the pandemic with the appropriate healthcare.
When these plans were first introduced in 2020, they were not renewable. However, due to the necessity and demand for short-term COVID health insurance, the renewal deadline has been extended until September 2021.
Short-term health insurance plans also need cheaper rates, which is one of the reasons why individuals choose them. Not only that, but the coverage premiums are tax deductible under Section 80D of the Income Tax Act of 1961.

Who Should Consider Purchasing Long-Term Health Insurance?

Everyone can benefit from long-term health insurance policies. Purchasing a long-term health insurance plan has various advantages. To begin, you might choose insurance with a longer term, ranging from one to three years. You won't be worried about your insurance being renewed on a regular basis. If you have a short-term plan, you must renew it on a regular basis, or you will lose the 'No-claim-bonus,' which is earned for not submitting a claim during the policy period.
The sole difference is that long-term health insurance premiums are greater than short-term health insurance premiums, which are more inexpensive. The price is higher since the advantages are more widespread and over a longer period of time. Individual health insurance plans for the long term, critical illness insurance plans, women's health insurance plans, maternity insurance, and so on. When it comes to coverage benefits, long-term medical insurance plans offer greater coverage advantages than short-term medical insurance policies.
Long-term plans provide medical insurance to a certain type of policyholder, based on their needs. Because long-term insurance is valid for a longer period of time, the coverage is also more extensive. Add-ons such as Room Rent Waiver, Daily Hospital Cash, Maternity Benefit, and others can be added to such plans.


After learning the advantages and disadvantages of both types of health plans, we discovered that they each have their own set of advantages. We all understand the necessity of health insurance in India, whether it is long-term or short-term health coverage. 

Also read-Which COVID-19 Vaccine Should You Get?

Know What Is Covered And Not Covered Under A Health Insurance Policy

Disclaimer: 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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