Different Health Insurance Policies for your Diverse Needs

Today, many types of health insurance policies are available in the market. While it is great to have so many options to choose from, you must carefully consider your unique needs to make the right decision. What may work for your friends or peers may not necessarily work for you.

There are various factors to consider before you buy your health insurance cover. These include the type of coverage or the level of protection you need, your medical history, hereditary conditions, lifestyle choices, sum insured, waiting period, add-on riders, and other benefits. 

Let's look at the Main Types of Health Insurance Policies Available for You to Pick from

Your health insurance needs depend on whether you are an individual, a young married couple, or a family.

Individual Health Insurance Plan:

An individual health insurance plan is beneficial for young people who have an active lifestyle. As the name suggests, it provides coverage for an individual only. It takes care of any unforeseen health risks they may face. One of the most common misconceptions is that young people do not need to worry about health insurance. This couldn't be further from the truth. The earlier you get health insurance, the better. 

When you are younger, and in the pink of your health, the premium is significantly lower. This means that your insurance coverage can be extremely cost-effective. With No Claim Bonus or (NCB), the sum insured for the next year increases. It also gives you enough time to fulfil waiting periods or cooling periods for certain benefits and critical illness covers to become available. Moreover, health insurance policies also offer certain tax benefits. Insurers, such as Niva Bupa, understand the unique needs of individuals and has hence designed many plans specifically for them. One such plan is Niva Bupa's Health Companion, an affordable health insurance plan that offers comprehensive coverage for individuals at premiums that start as low as Rs. 5,085 per year.

Couple:

A couple or husband and wife plan cover both individuals under one health insurance policy. Instead of the hassle of two separate policies, a couple's policy makes managing health insurance easier. This can also be more affordable in most cases as joint policy premiums tend to be lower. This is best for young couples who are healthy, have an active lifestyle, or who plan on having kids in the future. 

Niva Bupa's GoActive and Heartbeat health insurance plans are a great fit for couples. The GoActive plan goes beyond hospitalisation and gives access to cashless OPD and diagnostic services. It also offers discounts for enrolling before the age of 35. The Heartbeat plan offers special maternity and newborn benefits, as well as international coverage, in addition to hospitalisation, OPD treatment, daycare, and more. 

Family Health Insurance Plan:

A family health insurance plan, popularly known as Family Floater Policy, covers all family members across age groups under a single plan. This is ideal for those with parents who may not have individual health policies. With a family floater policy, you can get cheaper premiums, avail tax benefits, and ensure hassle-free claims.

Niva Bupa's ReAssure gives you a family floater plan option. It covers up to six family members, with up to Rs. 1 crore coverage. In addition to the regular coverage, it offers standout benefits such as unlimited reinstatements for same and different illnesses in a policy year, booster benefit that doubles your sum insured in two, claim-free years, live healthy benefits that provides up to 30% discount on renewal, modern treatments, renewal for life and more. It also offers a safeguard benefit option that allows you to control various aspects of the policy, such as safeguarding claims on otherwise non-payable items up to the sum insured in case of hospitalisation. Booster Benefit Safeguard implies that claims in a policy year will have no effect on your booster benefit if claims in a policy year are up to Rs. 50,000, and insured safeguard raises the base sum insured on a cumulative policy year depending on the inflation rate.

Niva Bupa offers a wide range of customisable insurance plans for your specific needs that you can check here. So, safeguard your health and that of your loved ones. Get the right health insurance today!