Individual Insurance
Individual health insurance is an insurance plan that offers medical coverage to a person on an individual sum insured basis. It refers to the type of health insurance plan that needs to be purchased separately for each family member. It allows you to customize the coverage as per your own health needs and not of the entire family.
Most individual health insurance plans provide comprehensive coverage to an individual for emergency medical expenses resulting from hospitalization costs, day care procedures, road ambulance services, alternative treatment, organ donor expenses, etc. However, the premium and coverage of an individual health policy cannot be shared amongst your family members.
Family Floater
A family floater is a health insurance plan that extends the coverage to the entire family rather than just an individual. Simply put, a floater brings all the members of the family under an umbrella cover. Being covered under a floater, every family member gets benefits under a larger common pool.
Before opting for a family floater health insurance plan, one must get and compare quotes from an online insurance portal like Policy Bazaar. Online comparison helps you choose a plan according to specific features and benefits.
Accidental Insurance
This type of policy guards an individual in case of any accidental damage. It covers accidental death, loss of limbs or sight, or other permanent disabilities resulting due to an accident.An accident can be both emotionally and financially devastating for the dependent family members.
In case of fatal injuries, the entire sum assured is paid to the nominee as mentioned in the policy document.If bodily injuries, resulting in permanent partial disabilities, then a certain percentage (up to 100%) of the benefit is paid to the insured.
Employer - Employee Insurance
An Employer-Employee Scheme is a health coverage option purchased by employers for their workforce. This policy serves as a valuable employee perk, ensuring financial security during medical emergencies. Beyond retaining current staff, it becomes a tool to attract new talent, fostering business growth.
The E-E Insurance Policy provides financial protection not only for employees but also extends to cover their family members. The scope of coverage varies, encompassing accident-related injuries, medical emergencies, hospitalization costs, and other specified expenses.
Group Insurance
Group Health Insurance is a comprehensive Health Insurance policy that covers a specific group of people, usually employees of a company. A Group Health Insurance plan can be extended to provide coverage also to the family of the insured employees including spouse, dependent children and at times dependent parents.
Travel Insurance
A medical or dental emergency can catch you off guard in a faraway land, derail your travel plans, and cost you dearly, as medical expenses in a foreign land can be high-priced. However, international travel insurance can save you from such expenses.
Apart from this, it also provides reimbursement for essentials in case of delay or loss of check-in baggage, covers for loss of passports, visas, identity proof, etc. It also provides assistance in case of theft, burglary, accident assistance and medical evacuation in times of crisis.
Features
Health insurance provides financial protection against medical expenses, ensuring access to quality care when you need it most.
- Medical Expense Coverage
- Cashless Treatment
- Family Floater Plans
