Choose the right health insurance cover for yourself
Due to our busy lives, we often neglect to take care of our health. While some may be better prepared for medical emergencies, others may not be well prepared, resulting in a financial crisis. The cost of medical treatments has gone up significantly. To relieve the added stress of medical bills during illness, it is better to be prepared with good health insurance plans. Through this article, we will talk about different health insurance plans that would be right for you. Read further to know more.
Individual health insurance:
An individual health insurance plan is one of the most commonly purchased health insurance plans. Under this plan, you will be provided coverage for an array of medical treatments, such as hospitalisation, surgery cost, day-care procedures and more. One of the best aspects of an individual health insurance policy is that those covered under the plan receive an individual sum insured.
Family health insurance:
A family health insurance plan is a type of insurance plan that covers each member of your family under one plan. If you are planning to start a family or already have one, then this plan would be the right choice for you and your family. Family health insurance plans are some of the most popular and affordable health insurance plans for families. The premiums available for under are less as compared to other insurance plans. If you have a family member who is under the age of 60 years, then the plan would be even more affordable.
Senior citizen health insurance:
Although you will be provided coverage for senior citizens under family health insurance plans, it would be beneficial to opt for a senior citizen health insurance plan for those above the age of 60 years old. This health insurance plan is designed especially for those of older age and provides sufficient financial protection and coverage. It is recommended that you read the fine print and understand the conditions set by the insurer before purchasing a senior citizen health insurance plan.
Maternity health insurance:
For those who are looking to start or expand their family, maternity health insurance plans are the best option available for you. This plan can be bought as an add-on with your primary health insurance plan. Under this plan, you will be provided prenatal, during childbirth and postnatal coverage. However, the minimum waiting period for this policy is up to two years. A waiting period is the amount of time the insured needs to wait before they can avail the benefits of their policy. If you plan to start your family in a few years' time, then it would be wise to look into this plan and make the necessary purchase.