Health Insurance
Health insurance is an insurance that covers the whole or a part of the risk of
a person incurring medical expenses, spreading the risk over a large number of persons.
By estimating the overall risk of health care and health system expenses over the
risk pool, an insurer can develop a routine finance structure, such as a monthly
premium or payroll tax, to provide the money to pay for the health care benefits
specified in the insurance agreement. The benefit is administered by a central organization
such as a government agency, private business, or not-for-profit entity.
Health Insurance Plans
There are basically three types of plans that health insurance companies in India
offer
Mediclaim
Having the best healthcare insurance in India is not a mandatory requirement. But,
having one in place is always a good idea. The days of excess and of high healthcare
costs make it a necessity to find the best health insurance in India that can provide
you proper coverage in case of medical exigencies.
Fixed Benefits Plan
Counted among the best healthcare insurance types in India this plan offers a predetermined
amount to be paid to the insured person in the event of hospitalization. This amount
is paid irrespective of what the actual expense is.
Critical Illness Plans
Even after you buy the best healthcare insurance in India, buying a critical illness
plan is a good idea. This plan is similar to the fixed benefits plan, except for
the fact that the fixed amount is paid on the diagnosis of any critical illness
that is defined on the list of inclusions of this plan.