Not Found
Suggestion
Try Searching
Not Found
Suggestion
Search Not Found
Try Searching
Many people in India are unaware that there are several types of health insurance in India. It is essential to know what these are to make an informed decision. Each plan has its own perks and specific claims, which you must know to ensure you buy the right health insurance.
In this section, you will get an overview of the different types of health insurance in India. The table below highlights the types of insurance and who will benefit the most from each type.
Types of Health Insurance | Who is it Suitable for? |
Individual Health Insurance | Individuals below 16 years without any dependants |
Family Health Insurance | Entire family |
Senior Citizen Health Insurance | Senior citizens above the age of 65 years |
Group Health Insurance | Company employees |
Maternity Health Insurance | Expecting or trying women |
Critical Illness Health Insurance | People with critical illnesses such as cancer or heart, lung, or kidney problems |
Top-Up Health Insurance | Individuals/families who want additional coverage on top of their original insurance plan |
Personal Accident Health Insurance | Individuals who travel often and want partial/complete coverage in case of accident or death by accident |
Disease-Specific Health Insurance | Individuals who wish to have coverage for a specific disease |
Mediclaim Health Insurance | Individuals who wish to have their hospitalisation charges covered |
Hospital Daily Cash Health Insurance | Individuals who wish to have their hospitalisation charges covered |
Unit Linked Insurance Plans (ULIPs) | Individuals who want insurance coverage and want it to be an investment at the same time |
Now that you have an overview see what these health insurance types mean and what is covered.
Individual health insurance is for a single individual between the ages of 18 to 65 years. The premium amount varies for each individual based on age, health, and the sum insured. It covers all the regular hospitalisation charges, diagnostic tests, health check-ups, and more.
Family health insurance is a policy that covers the medical expenses of the entire family under a single plan.
- Some policies are limited to immediate family members, including your spouse and 2-3 children.
- Whereas other policies include your extended family, including your parents and parents-in-law.
The sum insured for each family member differs, but all the benefits are the same.
Senior citizen health insurance is for individuals above the age of 65 years. The premium rates are higher for these plans as the medical requirements of older adults are more extensive. However, they also include add-on benefits such as coverage for critical illnesses.
Group health insurance is usually offered by employers to employees. It covers all the individuals working directly under the company. The benefits for each individual on the same level are the same. Higher-level employees could have extra benefits or additional coverage.
Maternity health insurance is for women who are expecting a child. It covers maternity-related expenses, including prenatal and postnatal care, childbirth, and sometimes newborn care.
In critical illness health insurance, the insurance company provides you a lump sum of your sum insured in case of a diagnosis. If you have a policy with a sum insured of ₹5 Lakh and are diagnosed with a critical illness included in the policy terms, then the company pays you a one-time amount of ₹5 Lakh and terminates the policy.
A top-up health insurance is purchased to give you additional coverage on top of your primary insurance policy. This is mainly purchased when you have exhausted your primary policy.
A personal accident health insurance kicks in when there's partial or permanent disability or death due to an accident.
- In case of partial or permanent disability, you could receive weekly or monthly compensation.
- In case of death, the family is paid a one-time lump sum.
Disease-specific health insurance focuses on covering specific diseases or a group of related diseases like cancer, diabetes, or heart conditions. Extensive coverage is available, but only the expenses incurred by the particular disease noted at the time of buying the insurance.
It is a basic health insurance plan that covers the cost of hospitalisation up to a specific limit. It might not have extensive benefits, but on the other hand, the premium is relatively low.
In a hospital daily cash health insurance, the insurance company pays a fixed amount for each day of hospitalisation. The cost paid is irrespective of the actual expenses incurred.
Unit Linked Insurance Plans (ULIPs) combine health insurance and investment. A part of the premium goes towards insurance coverage, and the remaining part is invested in equity, debt, or both.
There are unlimited options for different types of health insurance in India. And now you have the information to decide which is the best for you. There are multiple insurance providers in the market, but you can get assured of service and complete customer support from Generali Central. Generali Central health insurance for a trustworthy service.
FAQs
1. How many types of health insurance are available in India?
:There are more than 10 types of health insurance available in India.
2. What is the difference between Mediclaim & health insurance?
:The significant difference between Mediclaim & health insurance is that Mediclaim only covers hospitalisation expenses, but regular health insurance covers broader expenses, including pre and post-hospitalisation charges.
High or Low Deductible in Medical Insurance
Choosing between a high or low deductible in medical insurance depends on your medical condition and needs. Understand the fundamentals, so you can make an informed decision while purchasing medical insurance. ...
Read MoreDifference Between Riders and Add-on Covers in Health Insurance
When exploring health insurance, you may have come across riders and add-ons. While these sound similar, they are quite different in terms of the benefits that they...
Read MoreWhy Consumables Coverage Matters in Health Insurance
Health insurance provides financial security and peace of mind- until the real hospital bill arrives. Along with medicines, room rent, and surgery expenses, there is always an...
Read MoreCan I Get Health Insurance for a New Born Baby
Sakshi and Shantanu Pandey, both IT professionals from Bangalore, were overjoyed to welcome their newborn. Due to some complications, however, the little one needed to be admitted...
Read MoreTop 5 Benefits of Family Health Insurance | Generali Central
As a responsible provider for your loved ones, ensuring their well-being is likely your top priority. One crucial aspect of this is having a reliable health insurance...
Read MoreGST on Health Insurance: Key Changes Every Policyholder Must Know | Generali Central
The recent exemption of Goods and Services Tax (GST) on health insurance premiums marks a significant shift for policyholders in India. Earlier, premiums carried an additional 18%...
Read MoreSenior Citizen Health Insurance Inclusions & Exclusions | Generali Central
As we age, our healthcare needs evolve, often requiring more frequent medical attention and specialised treatments. For India's growing elderly population, having the right health insurance coverage...
Read MoreHow to Get Free Health Check-Up With Your Health Insurance | Generali Central
When was the last time you went for a preventive health check-up? If you cannot recall, you are not alone. Many of us neglect our health until...
Read MoreWhat is Automatic Recharge in Health Insurance: Benefits, How it Works | Generali Central
Ever wondered what would happen if your health insurance coverage runs out mid-year? Medical emergencies don’t follow a schedule and sometimes, even a high sum insured isn’t...
Read MoreIs Multi-Year Health Insurance a Smart Choice? Pros, Cons & Tips Explained | Generali Central
When it comes to securing your health and finances, choosing the right health insurance is crucial. While most people opt for annual renewals, multi-year health insurance plans...
Read MoreWhat Is Senior Citizen Health Insurance & Why Is It Important | Generali Central
As we step into our golden years, safeguarding our health becomes more vital than ever. With advancing age comes a greater likelihood of chronic conditions, hospital visits,...
Read MoreChemotherapy duration: How long treatment typically lasts | Generali Central
When faced with a cancer diagnosis, one of the most pressing questions for patients and their loved ones is: How long will chemotherapy last? The duration of...
Read MoreHow to Choose the Best Health Insurance Plan for Women | Generali Central
As a woman, your healthcare needs are distinct and evolve through different life stages. With rising medical costs and women's unique healthcare needs, choosing the best health...
Read MorePrivate vs Government Health Insurance Plans | Generali Central
As healthcare costs continue to rise in India, having reliable health insurance coverage is more important than ever. However, with both private medical insurance and government health...
Read MoreHow to Download Ayushman Card Online
Are you struggling to figure out how to download your Ayushman card for availing free health insurance coverage? Many eligible beneficiaries face challenges in obtaining their Ayushman...
Read MorePradhan Mantri Surakshit Matritva Abhiyan
The pregnancy journey is not easy, and thus, women need extra care with regular health checkups and antenatal care. This process can be costly for many, due...
Read MoreWhy It's Never Too Late to Get Health Insurance | Generali Central
Picture this: You're in your 40s, 50s, or even 60s and have been fortunate enough to enjoy good health without any major medical issues. You may think...
Read More: Exploring Health Benefits & Risks of Intermittent Fasting | Generali Central
Explore intermittent fasting for weight loss & better health. Learn its benefits, risks, and types, and see how health insurance supports your wellness journey....
Read MoreTop Cancer Hospitals In Mumbai
Introduction From supporting the maternal duties to establishing the sacred emotional bond with the child, maternity leave in workplaces is necessary for every soon-to-be mother. The Maternity...
Read MoreLeaving too soon!
Didn’t find what you are looking for? Let our experts guide you.
