Individual Health Insurance refers an individual gets protection against health expenses.
Given below are some of the best features of an individual health insurance policy:
1. The health insurance for individuals provides coverage solely for the insured person.
2. The insurer here protects the policyholder against certain medical expenses as per the amount of premium paid by him/her.
3. Under individual health insurance plans, hospitalization charges are covered as part of the policy.
4. The individual policies come with Lifetime renewal.
5. These plans allow tax deductions as per section 80D of Income Tax.
6. The individual plans provide coverage costs for surgeries, hospital rooms, doctor's fees and for tests done in the laboratory among others.
Given below are some of the benefits of an individual health insurance policy:
1. Under these medical insurance for individuals, the benefits of the plan can be availed only by the insured person.on.
2. The insurance plans for individuals allow the insured to take advantage of the individual assured sum as compared to a floating assured sum.
3. The medical insurance for individuals serve perfectly for people who have a greater risk of health due to multiple diseases.
4. Some insurance companies permit parents, spouse and children to add in individual medical insurance but only on an individual basis. In this case, they even offer a particular amount of family discount on such plans.
5. There are no maximum age restrictions for members for policy renewal under individual insurance.
Below are the top 4 Individual Health Insurance Plans available Online in India:
1. Niva Bupa Health Insurance Company
2. Star Health Insurance
3. Bajaj Allianz Health Insurance
4. ICICI Lombard
Here are the steps to buy Individual Health Insurance cover from Paybima
1. Visit paybima.com and click on the ‘health’ tab.
2. Provide your basic details like Type of Policy required, Sum Insured, Gender of Primary Insured, Age of Primary Insured, and Pin Code of Primary Insured.
3. Now, provide other details like your Name, Email id and Mobile number.
4. You will be able to see a list of different plans available as per your requirement.
5. You can check the details of each plan offered by different insurance companies.
6. Here you can compare the plans and choose the one that suits your requirement.
Individual Health Insurance
Individual insurance plans permit individuals to earn coverage on his/her health for the amount of money or sum insured under the particular plan that the person is availing. Here, each individual in a family can get protection on an individual basis.
group or family health insurance plans, the coverage on health is shared by all the members of a family in a single plan. So, here the sum insured can be used on a sharing basis among all members insured under the policy.
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