123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

Types Of Health Insurance Plans

Profile Picture
By Author: Neha Sharma
Total Articles: 170
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

In today’s times medical services have developed and has become approachable to many. Though the facilities are getting better, the costs are on a rapid rise. It becomes really difficult when a person or his loved one meets a sudden health emergency and you are running out of funds. It is advisable to ensure that you are prepared at least financially to deal with such a situation.

Health insurance plans help to be ready for any eventuality. Acting as a protection against high medical expenses, it can deal with the hospital directly, saving you in part from getting involved in these. It provides a security and have many benefits but, which one to choose from the multiple options available in a market is a decision to make.

Major types of plans:

There are various types of plans such as for general well-being, for accidents and for critical illnesses. Others may include for individual, family, parents, senior citizens, and so on, depending on the bank.

1) Basic health insurance: A basic insurance comes with many benefits. It can be applied for an individual or can be a family-floater policy. It ...
... can be applied for a term or one or two years and can be renewed annually. With providing cumulative bonus if you are claim-free, it also provides a health check-up if not claimed for 4 years. The processing time is really shorter, and you also get tax benefits from this.

2) Critical illness: This plan provides a lump sum benefit on the first diagnosis of a critical illness. Every plan has a list of illnesses covered that is to be checked before applying. In addition to providing tax benefits, these do not require prior medical check-up and involve simple procedures to claim without any hassles.

3) Accident protection: The benefits under this generally include physical loss, death, permanent disability, permanent partial disablement, and so on. It provides compensation for accidents occurring in any part of the world. These plans also provide funeral expenses, hospital cash benefits and child education benefits.

Other than these, medical insurance for parents and senior citizens help in meeting sudden expenses. These help in meeting the medical attention needed to meet lifestyle diseases, combat medical inflation, have tax benefits and save big. Most of these insurance plans also come with several benefits that cover beyond diseases. Right nutrition, health-related tips, wellness programs, right kind of diet, fitness regimes and alike help in overall recovery of an individual.

Author bio:

Neha Sharma is a student pursuing her M.Com. She loves to write in her free time. Having spent considerable time researching about various types of insurance plans, she has written about the types of health insurance plans.

Total Views: 335Word Count: 444See All articles From Author

Add Comment

Investing / Finance Articles

1. Innovative Accounting Solutions For Modern Businesses
Author: Business Tax & Money House

2. Can Someone With Bad Credit Still Get A Short Term Loan Online?
Author: Jockey Ferguson is a financial adviser of Fast Pay

3. How To Manage Cash Flow For Online Retailers
Author: Thomas Edward

4. A Detailed Guide Set Up A Company In Ireland
Author: LSC and Partners - Corporate Tax Consultancy LSC

5. Rupay Credit Cards: Your Ticket To Exclusive Rewards And Benefits
Author: Priya

6. Top Upcoming Telegram Airdrops You Don’t Want To Miss!
Author: Cryptoreach

7. The Art Of Diversification - Building A Robust Portfolio For Long-term Stock Market Performance
Author: Broker Analysis

8. 10 Effective Strategies To Boost Real Estate Lead Generation In 2024
Author: Horizon Consultants

9. How To Choose The Best Financial Advisors In Indianapolis For Your Future
Author: Kurt Supe

10. What Are The Requirements For Applying For A Personal Loan?
Author: divya negi

11. Investment Banking Companies In Hyderabad: Your Guide To Financial Excellence
Author: Verity knowladge solutions

12. No Credit Check Payday Loans
Author: Daniel

13. A Complete Guide On All Cfo Services
Author: Vibhay Ranjan

14. Navigating Success: The Role Of Venture Capital Deal Flow Management Software
Author: Fundwave

15. Streamlining Investment Strategies: The Rise Of Fund Management Software
Author: Fundwave

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: