It was the debilitating impact of COVID-19 when the virus tore through India, we learnt how the unprepared and under-insured could be severely hit in the face of a major health crisis. An Individual health insurance plan is utterly vital as it offers coverage for several healthcare expenses to an individual, as per the sum insured chosen and premium paid. Tax benefits under Section 80D of the Income Tax Act, 1961 can also be availed.
This plan provides monetary assistance to the policyholder in case of an accidental emergency/death/
This is a comprehensive plan designed to provide cover against unforeseen accidental consequences
This is a mediclaim insurance plan which provides cover related to medical expenses arising out of Hospitalisation/Domiciliary Hospitalisation.
This plan provides reimbursement of hospitalisation expenses incurred as a result of illness/disease/sickness and/or accidental injuries.
Whether you opt for individual policies for your family or insure them under family floater plan, as mentioned prior, it’s best to assess your requirements coupled with your financial health to take a perfect decision. While an individual plan could make sense for a young family, a family floater will be the right choice for someone with older kids. In addition to this, room rent sub limits, cashless hospitalization tie ups, pre-post hospitalization cover and other benefits on offer should also form crucial part of your deciding components.
