Health Insurance Policy is a contract between one and an insurer which pays medical and healthcare charges. The insurance is meant to cushion one economically during medical situations to access proper health care at affordable costs.
- Timing of Health Insurance Coverage
1. Immediate Coverage: Instant coverage for accidents is offered by some policies.
2. Waiting Period: Waiting period for pre-existing conditions is present in most policies, ranging from 1 to 4 years.3.Renewal Period: Health insurance policies are usually renewable every year, although some policies provide multi-year coverage.
Individual Health Insurance
An Individual Health Insurance policy provides medical bills coverage for one person. It provides financial assistance to the insured individual for hospitalization, visits to the doctor, surgery, and other medical procedures. This policy is ideal for individuals who want customized coverage that meets their individual health needs.
Family Floater Plan
Covers the whole family under one policy with a common sum insured.
Group Health Insurance
Provided by employers to cover their employees.
Senior Citizen Health Insurance
