Health Insurance

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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.


There’s no denying that a health insurance policy is crucial to managing the healthcare needs and expenses of your family. But with so many health insurance plans in the market, you may end up confused. Especially if you’re new to this, buying medical insurance plans may seem like a hassle with all that paperwork and planning.


  • 1. Sum Insured by the policy
  • 2. Premium to be paid for the coverage
  • 3. List of network hospitals and Claim Settlement Ratio
  • 4. Sub-limits (if any) and Waiting Period (for PEDs)
  • 5. Co-pay