Health insurance is a medical insurance policy that offers financial coverage for medical expenses when the policyholder is hospitalized. Health Insurance Companies cover the insured with the facility of cashless hospitalization at a network hospital or provide a reimbursement for the incurred expenses.
A family health plan is a type of health insurance, which covers more than one member of a family for a fixed sum assured in exchange for a single annual premium. Such a policy provides assured coverage to two or more members of a family at the same time, in case they get hospitalized or an ailment is diagnosed. A family health plan is recommended to a family with a good medical history.
Senior citizen health insurance offers coverage for senior citizens aged between 60 years and 80 years. Senior citizen health insurance plan is a necessity especially when you are planning to retire and live on pension or interest income from savings. A sudden medical emergency can result in a financial crisis. To avoid this, it is prudent to take a comprehensive insurance policy.
A critical illness insurance policy covers the insured against life-threatening critical illnesses such as cancer, heart attack, renal failure etc. This insurance policy provides coverage in the form of a lump sum at the time of diagnosis of a covered illness. The lump sum can be used for the treatment expenses.