Introduction to individual health plan and family health plan

Now-a-days, people in India are really conscious about their health. This has largely contributed to the
mushrooming growth of health-clubs, spas, and Yoga retreats across the country. As healthy living is a
new dimension in everyones life, the insurance companies providing health-care are more innovative
with their solutions for providing protection for emergency health care. Honestly speaking, the
insurance companies give comprehensive plans for insurance coverage in health right from the moment
a person gets carried to an ambulance to the time he gets discharged from the hospital after complete
recovery. Health insurance or Mediclaim is in demand everywhere and Quickbima is now ready with
more than 200 individual and family health plans. The advantage with such health plans is those come
with great (unique selling points) USPs based on the true health needs of a person.
Broadly speaking, the health insurance plans for individuals and family are available in eight different
categories. Those could get differentiated in eight categories.
a. Life-long coverage- The health policies are available on the ground of lifelong coverage of
health problems..
b. Duration and waiting period- The health policies are also available on the basis of duration
and waiting period , while taking in to coverage the diseases that existed before the policy
came in to existence.
c. Different types of health insurance- Health insurance is also available on the basis of particular
details of a disease.
d. Critical coverage of diseases- Insurance policies also come in the category of extra coverage for
critical diseases.
e. Maternity coverage of diseases- Health policies also cover maternity expenses of females and
this policy is quite in demand from females.
f. Day care treatment policy- Policies for health insurance are also available for daycare
treatment.
g. Premiums payable- The healthcare policies are also available on the basis of different premium
plans.
h. Options for co-payments- Policies for health also come on the basis of joint memberships with
the facility of making co-payments.
Types of
Health

Product features

Benefits

Insurance

Individual Plans It gives the benefit of

covering a person against
diseases with cashless
Hospitalization for

This comprehensive
health policy gives
cashless treatment
for hospitalization

Special
advantages for
coverage

Available for the

benefits of a
particular individual.

Any special attraction

The plans come with AZ in health-care for a

person.

various diseases.

and emergency
health care. Giving
the patient relief
from ambulance
expenses,
expenditure for
thorough medical
check-up, preexisting ailment
cover, this policy is
also instrumental in
proving tax relief.

Family Floater
Mediclaim

This is the plan under

which the entire family
gets medical coverage.

As expenses for
medical care go on
increasing, a person
is in dilemma while
choosing the
expenses of health
care for his or her
family. Family
floater health plan
gives
comprehensive
health care like
healthcare for old
parents, facility for
adding more
members,
maternity care, and
other cashless
treatment facilities
for children and
young people.

This health plan

takes care of all the
medical needs of a
family. There are
plans afloat in the
market, which take
in their coverage
old parents up to
age of 80.

Some companies in
India have begun giving
two years membership
facility.

Senior Citizen
Plan

It is the necessity of the

old-aged and senior
citizen people. The age
limit for this is between
65-80 years.

This plan covers

hospitalization
expenses, day care
expenses like room
fees, fees of doctor,
nursing fees, cost
of nursing,

This is a valuable
health plan giving
comprehensive
coverage for critical
diseases like
coronary, cancer,
failure of renal

This scheme is available

online now for senior
citizens and expenses
after 24 hours of
admission in hospital
are admissible in this.

expenses of
dialysis, Chemo,
and posthospitalizations.

track, and stroke.

All these diseases
are common in old
age.

Critical illness
plan

As the number of new

and critical diseases
grows day-by-day, such
policies target covering
those diseases.

This plan bears the

expenses of
diagnosis of any
pre-specified
critical illness,
treatment,
recovery, along
with tax-benefits.

Such insurance plan

is helpful in meeting
expenses of sudden
critical illness that
needs high
expenditure.
Instances of
diseases like cancer,
heart-care, and
other critical illness
that demand large
expenses.

It gives special relief

under Section 80 D of
income-tax to the
patient.

Preventive
health care
plans

As the famous dictum

goes-prevention is
better than cure, the
early detection of
diseases help in the
treatment. Preventive
health care plans are
unconventional plans,
which are specifically
designed for this
purpose.

It is a health plan
for overall health
care and preventive
care expenses. It
includes free health
check-up, free
doctor check-up,
free second opinion
for critical illness,
concessions in
medical and other
tests, and related
benefits.

For this, the patient

needs to get a
membership card.
He would dial a
helpline number
and talk to the
representative. He
would be directed
to a particular
doctor for a physical
examination and
then avail the
benefits under the
policy.

This health care plan

helps the patient gain a
lot by allowing him to
get treatment from
specialists without
spending a single
rupee.

Corporate
Insurance health
plans

Corporate or group
insurance plans are much
in vogue now-a-days.
Such plans are only for
the employees of an
organization or members
of a professional group.

Available for
members in a
group, it covers the
member, his
spouse, and
children. Benefits
available under this
are cover for pre-

This is a group
insurance plan and
for this the
employee needs to
be a member of a
group or employee
of an organization.

This health care policy

is important for the
organizations that treat
employees or members
as assets. This gives
almost A-Z in
healthcare to the
employees and

existing diseases,
maternity care,
ambulance costs,
and
reimbursement
of doctors fees.

members.