There have always been a lot of health insurance plans available. People may frequently find themselves in a pickle when selecting a health insurance plan. Additionally, purchasing one or two long-term health insurance policies has traditionally been recommended. Since times have changed, numerous procedures are designed for various life stages that can better meet an individual’s needs than just one.
The following are some policies that, as people move through different stages of life, that are suited to meet their needs:
Group Health Insurance
When young and focused on their career, if they own a business or a start-up, they can purchase group health insurance for their employees. It protects the workers, improves employee retention, and raises the company’s reputation.
Maternity Health Insurance
You can add this policy as a rider to an existing insurance plan. It pays for medical costs incurred before conception, during labour, and after delivery. A newlywed couple or those trying for a baby may consider purchasing this policy.
Unit Linked Health Plans
This plan is a wise choice if one is a successful businessperson. This policy offers both investment and insurance benefits. The insured sum is provided using the premium paid in stocks, depending on how the stock market performs.
Individual Health Insurance Plan
For a single person, an individual health insurance plan is ideal. The insured is protected by this policy for unexpected medical expenses and treatments for illnesses and accidents. It also covers a variety of other medical expenses. The assured sum is not divided if including a spouse or children is necessary; as a result, if one person files a claim, their insured sum won’t be affected by the insured sum of the other person.*
Critical Illness Insurance
This plan can be helpful later in life when a person is more susceptible to getting sick. When it is discovered, it is intended to treat some severe illnesses. For example, a person with a family history of cancer might think about purchasing this policy so that, if anything happens, the insurance will cover the costs associated with treatment, hospitalisation, surgery, and other in-patient costs.
Family Floater Health Insurance Plan
This is for when the family expands, and you reach the next stage of life. One policy can provide health insurance coverage for the entire family. Under this policy, they may cover their spouse, dependent children, parents, and in-laws. This policy is a wise substitute for an individual policy because it could be costly for a large family to purchase one individually.
Senior Citizen Health Insurance
For people 60 years of age and older, this senior citizen health insurance is suitable. Medical examinations and treatments would increase in frequency as one aged. This insurance will pay for medical expenses, hospital stays brought on by injuries or illnesses, pre- and post-hospitalization costs, and treatments. During early retirement, one need not worry about medical expenses and can unwind.
Standard T&C apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.