Personal health insurance policy

Find the Best Personal Health Insurance Policy: Compare Rates and Benefits

People are more aware of the value of maintaining their health and their financial security as a result of the COVID-19 pandemic. Because of this, more people than ever before are placing a high priority on purchasing personal health insurance policy. In India, people have signed up for either a private personal health insurance policy plan or a government health insurance program. will provide some of information for you in this post.

What is Individual Health Insurance?

Personal health insurance policy
Personal health insurance policy

A personal health insurance policy known as individual health insurance provides medical protection to a person on the basis of a personal sum insured. It describes the kind of health insurance policy that must be obtained independently for each member of the family. It enables you to tailor the coverage to meet your own medical needs rather than those of your complete family.

The majority of personal health insurance policy plans offer full protection to a person for unexpected medical costs associated with hospitalization, daycare procedures, ambulance services, alternative treatments, charges associated with organ donation, etc. An individual health insurance policy’s cost and coverage, however, cannot be split among your family members.

Features and Benefits of Individual Health Insurance

Personal health insurance policy
Personal health insurance policy

The following characteristics and advantages apply to personal health insurance policy:

Solo coverage makes sure that only you can use the insured amount.

Age -Related Health Risks: It is better suited for older adults who face higher health risks.

Sum Insured – Depending on the plan, the maximum sum insured is Rs 1 crore.

Wider Coverage – A greater range of services are covered by personal health insurance policy, including inpatient hospitalization, pre- and post-hospitalization costs, childcare operations, ambulance fees, etc.

Add-on Covers: You have the choice to purchase add-on coverage for things like critical sickness insurance, outpatient treatment coverage, restoration coverage, maternity coverage, etc.

Multiple Claims: So long as the amount covered has not been used up, you may submit more than one claim in a calendar year.

Family Discount: If more than two family members are covered individually under an individual health plan, most individual health plans give a family discount.

Cumulative Bonus: If you didn’t make a claim during the preceding insurance year, you’ll receive a discount on your premium.

Lifetime Renewal: The plan has a lifetime renewal option.

Benefits in terms of taxes: Section 80D of the Income Tax Act allows for tax savings on the paid premium.

What is Covered under Individual Health Insurance Plans?

An individual health insurance plan covers the following things:

In-patient Hospitalization Expenses: This insurance covers the medical costs associated with hospital admissions lasting longer than 24 hours. It covers expenses such as rent, prescription costs, ICU fees, etc.

Treatment for COVID-19 – It covers the costs associated with the COVID-19 treatment.

Day Care Procedures – It pays for day care procedures that don’t need more than a day in the hospital.

Pre and Post-hospitalization Expenses – This insurance covers medical costs spent both before and after a patient is discharged from the hospital.

Domiciliary Hospitalization – Hospitalization at home on the advice of a physician is covered by the policy known as “domiciliary hospitalization.”

Emergency Road Ambulance – It pays the costs associated with using road ambulance services when a medical emergency arises.

Alternative Treatment – It covers treatments received through alternative medical systems like Ayurveda, Unani, Siddha, Yoga, and Homeopathy.

Organ Donor Expenses – If you require an organ transplant, this benefit covers the costs associated with obtaining a major organ from a donor.

Preventive Health Checkup – This covers the cost of using the service for a preventive health checkup.

What is Not Covered under Individual Health Insurance Plans?

Personal health insurance policy
Personal health insurance policy

Personal health insurance policy do not cover the following things:

  • Dentist visits
  • Damage caused by oneself
  • Abuse of drugs or alcohol
  • Treatment for obesity
  • Treatments for infertility
  • Cosmetic procedure
  • Injuries brought on by engaging in risky sports
  • Congenital abnormalities of the skin
  • Viral AIDS
  • Disease or injuries brought on by nuclear or armed conflict

Things to Keep in Mind While Buying an Individual Health Insurance Policy

The following considerations must be made when purchasing an personal health insurance policy:

Analyze Your Health Requirements – Analyze your health needs before starting the process of purchasing an individual health policy. Make a list of the service perks and coverage you desire from your policy. In order to select the appropriate sum insured, you should also evaluate the suitable coverage amount.

Check the List of Network Hospitals – Remember to look over the insurance company’s network hospitals list before choosing a coverage. See if there are any network hospitals close to your place of business and residence. If not, choose a coverage from a different insurance provider.

Affordability of the Plan – You ought to choose a private health insurance plan with reasonable premiums. Avoid choosing a pricey policy to receive more coverage because it could put an extra financial load on you. Instead, pick a policy that best meets your coverage needs while staying within your price range.

Check for Any Sub-Limits – Most health insurance policies could include a sub-limit for particular coverage. Before selecting a policy, you must review the appropriate sub-limits under each cover. This would guarantee that you receive enough coverage under various covers in accordance with your expectations and are not taken by surprise when filing claims.

Go Through the Claim Process – You must read the insurance company’s claim before choosing a health insurance plan. Verify whether the claim process is simple or difficult. Find out how many days it takes the insurance company to resolve the claim as well. Avoid choosing a plan with a drawn-out and challenging claims process.

Check the Claim Settlement Ratio – You should examine the claim settlement ratio of the insurance companies before purchasing an personal health insurance policy. A corporation with a higher claim settlement ratio than one with a lower ratio is more likely to approve your claim.


People who have their own health difficulties must obtain personal health insurance policy plans. You are not need to split your total insured amount with your family members on a floater basis; it is offered exclusively to you. Purchase a personal health insurance policy for yourself now.