2529
4 min read
Updated on Jan 05, 2023
The health insurance market has become competitive. Individuals are realizing the importance of having a health insurance plan as medical costs are rising on a regular basis. As such, insurance companies are joining the bandwagon and offering a health insurance plan. While earlier general insurance companies were offering health insurance plans, nowadays, there are various life insurance companies too which have joined the fray and are offering health insurance plans to individuals. Are the plans offered by health insurance companies and life insurance companies similar?
They are not. Though life insurance companies do offer health insurance policies, there are various differences in the policies offered by life insurers compared to those offered by general insurers. Do you know about the differences? Let’s find out:
Difference between health plans offered by health insurers and life insurers.
General insurance companies offer a range of health insurance plan. Common types of health plans offered by general insurers include the following:
Compared to this, life insurance companies offer only specific fixed benefit plans which may be for specific diseases or general hospitalization plans. You can find specially designed plans for cancer or for cardiac related ailments. There are critical illness plans too which cover listed critical illnesses.
Did you understand the differences? Health plans are offered by both health insurance companies and life insurance companies but both plans are different in various aspects. So, when choosing a health insurance plan, understand these differences and then choose a provider and a plan suitable to you.
Choose wisely!
Also Read: How are Health Insurance and Term Insurance Different From Each Other?
Visual Stories
Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance, and Investment section. You can visit PayBima to Buy Insurance Online.
PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
The threat of yet another virus hits India. This time it is H3N2 Influenza Virus, which is a sub-type of influenza A virus that is.
There has been a huge price rise or inflation seen across sectors, especially the healthcare sector in India in recent times. Let us take a.
Ayushman Bharat Yojana is a health insurance policy offered by the government of India with the aim to present free access to health insurance for.
‘Health is wealth’ is not just a saying, it’s a fact, which people realize when they fall sick. Yes, good health is the most important.
LASIK eye surgery is a surgical process that rectifies any issues related to vision. The cost of the surgery varies depending on the city, the.
Some situations in our life are beyond our control, and one of them is falling sick. No matter how hard we try, we may end.
We all know the importance of health insurance for taking care of hospital bills and medical needs. Let us take a look at some of.
The key function performed by the kidney is to filter blood which flows through each of our body organs. Hence the safety of the body.
Some major changes were announced recently in the Mahatma Jyotirao Phule Jan Arogya Yojana, the Maharashtra health scheme launched in 2012. Let’s take a look.
The World Health Organization (WHO) started the World Tuberculosis Day on March24 to educate people about Tuberculosis (TB), which is a transmittable disease which has.
Speak to our advisor
Corporate Office : Mahindra Insurance Brokers Ltd ( A Mahindra Group Company ) Sadhana House, Ground Floor, 570 P. B. Marg, Behind Mahindra Towers, Worli, Mumbai 400018.
Licenced by IRDAI License No. 261; License Validity : 17-05-2025; Category : Composite Broker; CIN : U65990MH1987PLCO42609 Member of Insurance Brokers Association of India (IBAI).
Insurance is the subject matter of solicitation.
For a seamless experience, use the latest version of Chrome/Firefox/Internet Explorer.
Copyright © 2023 Mahindra Insurance Brokers. All Right Reserved.