Types of Health Insurance Plans
Insurance companies offer different health insurance plans based on an individual’s needs. Though the health plans differ from company to company, here are a few basic plans which most of the companies offer:
| Type of Health Insurance Plan | Characteristics | Suitability |
|---|---|---|
| Individual Health Insurance | An individual health insurance is the one which is bought by an individual for himself. The premium for an individual health cover is comparatively lower than other health insurance plans as it only covers a single person. | Individual |
| Family Floater Health Insurance | As the name suggests, this type of health insurance is bought to cover your family. Family floater health insurance provides cover to the individual, spouse and children or your parents. | Family - Self, spouse, children and parents |
| Senior Citizens Health Insurance | This health insurance plan is designed specifically for senior citizens. The plan provides cover to anyone from the age of 60 and above. | For citizens from the age of 60 and above |
| Group Health Cover | A group health cover is a welfare benefit plan which is provided by an employer to its employees. These insurance plans are usually uniform in nature and offer the same benefits to all employees. | Corporate houses |
| Super Top-up Policy | Super top-up plans act as supplementary policies to your regular policies. A top-up policy will help you to increase the amount of your sum insured without paying too much. The super top-up policy can be used only after the sum insured of one’s regular policy is exhausted. | One can use this when the sum insured of his existing policy gets exhausted. |
| Critical Illness Health Cover | A critical illness plan usually pays a lump sum amount to the insured on diagnosis of serious ailments listed in the policy document. This lump sum amount can be used for expensive treatments, specialist fees etc. | Can be used for expensive treatments, specialist fees etc. |
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