by paybima
Individual Health Insurance refers to the insurance plans or policies where an individual gets protection against numerous expenses incurred towards maintaining his/her overall health and wellbeing. Individual medical insurance serves as a contract between an insurer and the insured where the insurer guarantees to incur a definite amount of medical expenses of the insured person as per the amount invested in the plan.
It ensures that the sum insured can be utilized only by you.
It comes with a maximum sum insured of Rs 1 crore depending on the plan.
Individual health insurance policies offer a wider coverage including in-patient hospitalization, pre and post-hospitalization expenses, daycare procedures, ambulance charges, etc.
It provides you with the option of buying add-on covers, such as critical illness cover, outpatient treatment benefit, restoration benefit, maternity benefit, etc.
You can make multiple claims in a year as long as the sum insured is not exhausted.
It provides a discount on premium if you do not file a claim in the previous policy year.
The plan comes with lifetime renewability.
It offers tax savings on the paid premium under Section 80D of the Income Tax Act
In-patient Hospitalization Expenses
Pre and Post-hospitalization Expenses
Day Care Procedures
Domiciliary Hospitalization
Emergency Road Ambulance
Organ Donor Expenses
Alternative Treatment
Preventive Health Check-up
Dental treatment
Abuse of alcohol or drugs
Self-inflicted injuries
Infertility treatment
Cosmetic treatment
Injuries or illness due to war or nuclear perils
Injures due to participation in dangerous sports
Congenital external anomalies