Individual Health Insurance

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. It can also be purchased along with a company-sponsored health ins plan for extended coverage as the company-sponsored policies do not always offer adequate coverage. One of the best things is that individual health insurance plans are highly customizable and let the policy buyer select from a range of coverage features. These plans are renewable for a lifetime and one can avail of tax benefits under Section 80D on the premium paid for them.

With so many individual health insurance plans in the market, it might be a daunting task to choose the most suitable one. So, here we have compiled a list of top individual health insurance plans offered by popular health insurance companies, along with their benefits:

Need For Individual Health Insurance

An individual health insurance plan helps the insured to manage their finances during an unexpected medical emergency. As healthcare expenses are rising in India, and lifestyle changes have made everyone prone to several illnesses, it is recommended for all to have medical insurance for individuals that offers them adequate coverage. Be it a person with high health risks, an individual with other family members already insured, or a person yet to start a family, an individual health insurance plan is always an ideal choice to ensure health.

Benefits Of Individual Health Insurance

An individual health insurance plan offers the policy buyers the following benefits:

1. Wide and complete coverage against healthcare expenses
2. Available at an affordable premium
3. Freedom to customize the plan
4. Tax benefits under section 80D of the Income Tax Act
5. Availability of no claim bonus as a reward for not making any claim.

How Many Members Can Be Covered Under an Individual Health Insurance?

As the name suggests, a private medical insurance plan allows insurance coverage only for one person.

Factors to Consider When Buying Individual Health Insurance

With many health insurance companies offering medical insurance for individuals, it can become difficult for someone to choose the plan that suits their requirements in the best possible manner. To simplify the process, refer to the below-mentioned list of key factors that must be considered when purchasing a private medical insurance plan:

1. Sum Insured: One should go for a sufficient sum insured amount, otherwise one may have to compromise or pay from own pocket at the time of claim.

2. Inclusions And Exclusions: Before buying a health insurance policy, check its inclusions and exclusions thoroughly. The policy buyer must be aware of what the policy is offering to avoid any discrepancy at the time of claim.

3. Network Hospitals: One should go for individual health insurance plans that have a wide network of hospitals where the insured can avail of cashless treatment. This saves time at the time of emergency.

4. Additional Benefits: Several individual health plans offer the insured additional benefits like daily hospital cash benefit, sum insured reinstatement, organ donor expenses, convalescence benefit, etc. One should opt for a policy with maximum benefits as per their requirement.

5. Premium: It may seem lucrative to buy an individual health plans with a low premium. But it is only good if it offers extensive coverage to the insured, which is not always the case. So, it is recommended to choose a health insurance plan that comes at an affordable premium, yet offers sufficient benefits.

How to Buy Individual Health Ins Plans Online At InsuranceDekho?

Buying individual health insurance plans online at InsuranceDekho just takes a few minutes. Follow the steps given below to own a policy:

1. Visit www.insurancedekho.com, and click on the ‘health’ tab.
2. Select Gender and enter your Name. Then enter your Mobile number. You will receive a one-time password (OTP) on the given number. Please enter that.
3. Answer the question, ‘When you can purchase the health insurance policy?’ and click on the ‘View Instant Quotes’ button to proceed.
4. If you want to add family members along with yourself in the policy, then select them and their ages. Click on ‘Continue’.
5. Enter your Email ID and your city. Then click on the ‘Submit and View Quotes’ button.
6. You will see many individual medical health insurance on your screen. Choose the most suitable one out of them considering your requirements and budget.
7. Select the policy term. Then enter the required details. Pay the health insurance premium online via any flexible mode of payment offered.

Individual health coverage can also be purchased offline at InsuranceDekho. All that is required is to contact the customer care executives.