Individual health insurance refers to insurance policies that cover an individual against a number of expenses related to preserving his or her general health and well-being. Thus, individual insurance provides monetary protection against certain diseases that necessitate hospitalization, based on the quantity covered and the premium amount paid by the individual. Individual health insurance policies, as opposed to family health insurance plans, must be purchased separately for each member of your family. As a result, you may tailor health insurance for a single person to his or her own needs rather than the needs of the family.
Individual medical insurance therefore functions as a contract between an insurer and the insured in which the insurer pledges to incur a specific amount of medical expenses for the insured person based on the amount invested in the plan. Individual mediclaim policy provide coverage for expenditures such as hospitalization, ambulance fees, daycare fees, and many more. Furthermore, the premium payment for a single person health insurance plan entitles the policyholder to income tax advantages under Section 80D.
Here are the top 5 individual health insurance plans in India:
- ICICI Lombard - Personal Protect Insurance Policy
- Bajaj Allianz - Individual Health Guard
- Oriental Health Insurance - Individual Mediclaim
- Star Health Insurance - Medi Classic Insurance
- Niva Bupa - Health Premia Individual Health Insurance Plan
Paybima.com can help you find the best individual health insurance coverage. We provide a variety of the best individual plans to protect your health. Our team can guide you through the top individual health insurance policies and help you select the best one.
