Types of Health Insurance Plans In India
There are several types of health insurance plans in India. These plans are classified depending upon the covers provided, minimum and maximum entry age and the situations under which the plan provides health cover. Some plans provide cover to the individuals, some cover family of the policy holder whereas, some plans are group plans which cover more than 20 to 50 persons under a single plan. Group plans are typically employer- employee and non-employer- employee plans. Individual health insurance or Mediclaim policy is the most common type of health insurance plans in India. It covers only the individual policy holder.
Depending on the coverage provided, there are various types of health insurance plans, such as Individual or group health insurance, Senior Citizen Plans, family floater plan, accidental insurance, Critical Illness Insurance, surgical insurance etc. Apart from this, some insurance firms also provide special plans for HIV positive and diabetic patients, for couples etc. Individual health plans are generally bought by an individual or a family. This type of plan is preferred over family floater health insurance when the risk of requiring health cover, by a family members, is high. This will make sure that no family member remains uncovered till the end of policy term. Individual health insurance plans also provide cover for the pre-existing diseases after a certain period of buying the policy.