Types of health insurance policies in India typically pays for only inpatient hospitalization and for treatment at hospitals in India, outpatient services, were not payable under health policies.
In India, the first Online Health Policy were medi-claim policies in 2000 Government of India liberalized insurance and allowed private players into the insurance sector the advent of a private insurer.
In India saw the introduction of many innovative products like family floater plans, top-up plans, critical illness plans hospital cash and top-up policies the health insurance sector hovers around 10% in density calculations one of the main reasons for the low penetration and coverage of health insurance is the lack of competition in the sector of medical insurance in India.
Insurance Regulatory Authority of India (IRDAI) which is responsible for insurance policies in India can create health circles similar to telecom circles to promote competition health insurance plans in India today can be broadly classified into these categories.
Hospitalization plans , hospitalization plans are indemnity plans that pay cost of hospitalization and medical costs of the insured subject to the some insured the sum insured can be applied on April member basis in case of individual health policies or on a floater basis in case of family floater policies in case of floater policies the sum insured can be utilized by any of the members insured under the plan these policies do not normally pay any cash benefit in addition to hospitalization benefits specific policies may offer a number of additional benefits like maternity and newborn coverage day care procedures for specific procedures pre and post hospitalization care domiciliary benefits where patients cannot be moved to a hospital daily cash and convalescence
There is another type of hospitalization policy called a top-up policy top-up policies have a high deductible typically set a level existing cover this policy is targeted at people who have some amount of insurance from their employer if the employer provided cover is not enough people can supplement their cover with the top-up policy however this is subject to deduction on every claim reported for every member on the final amount payable to family floater health insurance family health insurance plan covers entire family in one health insurance plan it works under assumption that not all member of a family will suffer from illness in one time it covers hospital expense which can be pre and post most of the health insurance.
Companies in India offering family insurance have good network of hospitals to benefit the insurer in time of emergency three per-existing disease cover plans it offers covers against disease that policyholder had before buying health policy per-existing disease cover plans offers cover against per-existing disease eg diabetes kidney failure and many more after waiting period of two to four years it gives all covers to insurer for senior citizen health insurance as name suggests these kinds of health insurance plans are for older people in the family it provides covers and protection from health issues during old age . According to earn a guideline each insurer should provide cover up to the age of 65 years.
Maternity health insurance, maternity health insurance ensures coverage for maternity and other additional expenses it takes care of both pre and postnatal care baby delivery like other insurance the maternity insurance provider have wide range of network hospitals and takes care of ambulance expense 6 hospital daily cash benefit plans daily cash benefits is a defined benefit policy that pays a defined sum of money for every day of hospitalization the payments for a defined number of days in the policy year and may be subject to a deductible of few days 7 critical illness by the policy are Health Insurance, Online Health Policy, Buy Medical Plans,medical insurance India ,policy planner,cover,,compare online by and save tax.
Plans these are benefit based policies which pay a lump sum benefit amount on diagnosis of covered critical illness and medical procedures this illness are generally specific and high severity and low frequency in nature that cost high when compared to day-to-day medical or treatment need now some insurers have come up with option of staggered payment of claims in combination to upfront lump sum payment eight proactive plans some companies offer proactive living programs these are designed keeping in mind the Indian market and provide assistance based on medical behavioral and lifestyle factors associated with chronic conditions .
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