Health insurance is a contract where an insurance company provides medical coverage. It covers medical expenses incurred on hospitalization, surgeries, day care procedures, etc. A health insurance policy either reimburses the medical costs or offers cashless treatment.
Different types
of insurance to choose from
An individual health insurance plan is a type of health insurance that covers the health care expenses of the insured individual. It pays for the hospitalisation and surgical expenses of the policyholder up to the sum insured limit.
A family floater health insurance, as the name suggests is a plan that is tailor made for families. It is similar to individual health plans in principle; the only difference is that it is extended to cover your entire family. This acts as an umbrella of coverage for the entire family and therefore the name.
Group Health Insurance is a type of plan that provides insurance coverage to a group of members, usually a group of employees of a company or members of an organization.
Critical illness insurance provides additional coverage for medical emergencies like heart attacks, strokes, or cancer. Because these emergencies or illnesses often incur greater-than-average medical costs, these policies pay out cash to help cover those overruns when traditional health insurance may fall short.