A health insurance policy is a sub-type of insurance Plan where an insurer extends financial coverage against any medical emergency. Also known as medical insurance plan, it covers expenses like pre-and post-hospitalisation, daycare facilities, surgeries, etc. Insurance providers extend cashless treatment facilities at network hospitals or reimburse the cost of the medical expenses incurred by the insured individual at other places medical insurance.
There are various health insurance plans available in the market, and the insurer extends various benefits based on the policy one opts for. Therefore, individuals must compare the policies online and choose the ones that suit their health requirements.
Here's a look at some of the benefits of choosing a health insurance plan:
Here are the different categories of health insurance:
The eligibility criteria for every policy depend on the insurer's terms and conditions. A few factors like age, pre-existing diseases, and pre-medical screening are considered while evaluating if you are eligible to buy a health insurance plan or not. Here are some of the common eligibility criteria you must know.
| Eligibility Criteria | Specifications |
|---|---|
| Age (Adults) | 18 – 65 years |
| Age (Children) | 90 days – 18 years |
| Pre-medical screenings | Depends on the insurer |
| Pre-existing diseases | Waiting period of at least 2 years, depends on the insurer |
Generally, health insurance policies require minimum documentation, including the application form, accurately filled and signed. However, you may be asked to produce the following documents:
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