- A Basic Overview
What is Health Insurance?
Health insurance is an insurance policy that covers
the risk of medical expenses at the situation of any
One should estimate the overall risk of expenses that
would be incurred for your health care. Later an
insurer can develop a finance structure for the monthly
The health insurance policy is offered by central
organization such as a government agency, private
companies, or an insurance agent.
Types of Health Insurance Plans
Group Health Insurance Plans
Individual Health Insurance Plans
Family Health Insurance Plan
Group Health Insurance Plan
These days, many companies offer their employees group
health insurance plan.
The employers may pay their bill for some of the
Buying a health plan at your workplace depends on your
Generally the group medical insurance plans offered at
your workplace will cost you less than a health plan that
you were supposed to purchase on your own.
If group insurance coverage is offered at your workplace,
you should definitely take the best advantage of it.
In case, this is not offered at your workplace, you could
suggest them a group health insurance plan.
Individual Health Insurance Plan
Individual health insurance plan means buying a
health policy for personal benefits.
Currently there are many health insurance plans
available in the market across India.
This plan is very helpful for individuals who have no
dependents in their family members.
The cost of buying health plan depends on individual
Family Health Insurance Plans
Family health insurance plans are designed for families
as a whole.
Since the plan covers more than one person, the cost of
buying these health plans will be higher.
Additional factors like age, gender, habits like
smoking, drinking, etc. will make the plan more costly.
However, these plans add multiple benefit to you and
your family when you have to provide health care
facilities to many people at same time.