Health InsuranceHealth insurance help lower your risk of being burdened by expenses for preventive care or medical bills as a result of an illness or accident. You should consider adequate medical insurance coverage for your current Health needs.

A group health insurance policy is especially designed for a group of employees who work together. Provided to the employees by their employers as a benefit, a group health insurance policy comes at a low premium. Under a group health insurance policy, you get covered for hospitalisation due to an illness, sickness, accident, critical illness, as well as maternity. Note that the employees are covered under a group health insurance policy only until they are working for a particular organisation.

Individual health insurance is a type of health insurance plan wherein only an individual, i.e. the policyholder is entitled to receive coverage benefits, in return for the premium that he/she has paid. Under this type of policy, the policyholder is covered on an individual sum insured basis, where he/she can claim up to the sum insured in case of hospitalisation of at least 24 hours. An individual health insurance policy covers the insured for most healthcare needs and is hence, a wise choice.

Family floater health insurance policy is meant for the entire family. The policy can cover all the family members under a single sum insured, which is divided among all the members and can be availed by all of them or one member of the family, as per the need arises. Apart from self, a family floater insurance policy can include a legally-wedded spouse, dependent children, parents, parents-in-law, etc., and other relationships, varying from one insurance policy or insurer to another.

Women's health insurance plans cater to the varied health insurance needs specifically of women. There are, however, not many health insurance plans designed especially for women but there are many insurance companies to have attempted to create them. These plans can be purchased at affordable health insurance premiums for the sum insured as per the requirement and budget of the potential policy buyer. These plans cover women against several medical expenses including critical illnesses.

Maternity insurance plans cover all expenses up to a specific predefined limit in case of delivery. These plans protect you for financial expenses incurred due to normal as well as C-section deliveries. Maternity insurance plans offered by some insurance companies also cover you for prenatal and postnatal expenses and newborn baby expenses. Maternity insurance plans usually come with a waiting period, thus you should not delay their purchase if you are planning your family.

Senior citizen health insurance plans are designed for senior citizens, parents, or individuals aged more than 60 years to protect them against financial expenses arising because of health issues during old age. Some common coverage benefits offered under senior citizen health insurance plans include expenses related to daycare procedures like chemotherapy, cataract; pre-existing disease cover, cashless hospitalisation, in-patient hospitalisation expenses, pre-hospitalisation expenses, etc.

As children have weak immune systems, they are more prone to illnesses. Therefore, it is important for them to be covered under reliable health insurance plans. Not many insurance companies offer standalone health insurance plans for children. But they can seek cover under an individual health insurance plan or a family health insurance plan. These plans cover them for major healthcare expenses like hospitalisation expenses, ambulance expenses, daycare treatments, critical illnesses, etc.

New born babies require extra care and attention when it comes to their health. Therefore, they need adequate health insurance cover that covers them for basic healthcare expenses. One can add newborn babies on an individual basis or family floater basis, under individual health insurance plans or family floater health insurance plans. These plans cover the newborn babies for hospitalisation expenses, pre-hospitalisation and post-hospitalisation expenses, vaccination expenses, amongst others.

Personal Accident Insurance plans cover the insured in the misfortune event of an accident (rail/road/air) that may be lethal or cause disability or mutilation. These plans not only cover the insured for healthcare expenses, but also for loss of income, in some cases, that occurs due to accidents. Common benefits offered under these plans include accidental death cover, permanent/total disability cover, temporary total disability, hospital cash benefit, transportation of mortal remains, etc.

Health insurance for self-employed professionals offer financial protection in case of accidental emergencies requiring medical treatment and hospitalisation. As self-employed individuals do not work in a public or private sector, therefore they cannot get group health cover. These workers include farmers, retailers, freelancers, small traders, domestic workers, etc. Hence, they need separate cover under individual or family floater health insurance plans.