What is Health Insurance ?

Health insurance is an insurance policy that provides financial assistance for medical and hospital expenses. Pays the secretary for medical expenses incurred due to illness or injury, according to the terms and conditions of the policy. Health insurance policies in India are provided by various public and private insurance companies. These policies are designed to cover a wide range of medical expenses, including hospital fees, medical expenses, medical examinations, surgeries, and other medical expenses.

Types of Health Insurance Policies

• Individual Health Insurance Policy :

  This policy covers the medical expenses of an individual. The insured pays the premium and receives the specified health benefits.

• Family Floater Health Insurance Policy :

  This policy covers the health expenses of the whole family. The insured pay only one premium and the whole family is insured.

• Senior Citizen Health Insurance Policy :

  This policy is designed for the elderly. It covers medical expenses related to age-related diseases.

• Critical Health Policy :

  This policy covers cancer, heart disease, kidney failure, etc. Covers critical medical expenses such as The right to an income payment if the insured is diagnosed with a medical condition.

• Group Health Insurance Policy :

  This policy applies to groups such as employees of an organization. Wages are paid by the institution and the employee.

Benefits of Health Insurance Policies

• Cashless Hospitalization :

  Most of the health insurance plans provide cashless hospitalization. Any insured hospital network can receive treatment without paying cash.

• Tax Benefits :

  Premiums paid for health insurance are eligible for tax relief under section 80D of the Income Tax Act.

• Coverage for Pre-Existing Diseases :

  It is a health insurance policy that covers existing diseases after a waiting period of 2-4 years.

• Additional Coverage :

  Some health insurance, critical illness, ambulance fee, etc. provides additional coverage for

• Lifetime Renewal :

  The Health Insurance Policy is renewable for life. This ensures that policyholders are insured for their entire life.