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Why Choosing Individual Health Insurance over Other Choices Preferable?
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Posted By Layla Brooks
There are several health insurance policy types available on the market. If you’re new to the world of health insurance, it can be difficult to choose a plan. Picking the right coverage for yourself in this circumstance might be a difficult undertaking.
Take into account that there exist five health or medical policy types:
- Individual Health Insurance
- Group Health Insurance
- Family Floater Insurance
- Senior Citizen Insurance
- Critical Illness Insurance
In India, there are several insurance companies offering health insurance policies. It’s the duty of an individual to choose the right insurer when it comes to purchasing health insurance. If you’re one of them who’s seeking medical insurance, all you need to do is conduct an online search and compare health insurance policies provided by different insurance providers and select the best one that matches your requirements.
Tata AIG is one such insurance company in India that provides health insurance plans at competitive rates. Be it a health insurance policy for individuals or families, we have it all under our ambit. You can navigate to our official website to browse through the diverse plans and request an instant insurance quote. Contact us to learn more.
In this post, we’ll go through why getting health insurance plans for individuals is a good idea. Continue reading to learn more.
Table of Contents
Individual Health Insurance Plans: What Are They?
As the name implies, Individual Health Insurance Plans provide financial assistance in the event of a single person’s medical emergency. These plans are quite comprehensive and may be purchased to cover each individual based on the plan’s entrance age. Individual health insurance plans can be chosen depending on particular requirements. An individual is not required to think collectively regarding the coverage.
Why Choose Individual Health Insurance?
Based on the insurance provider’s terms and conditions, medical insurance plans for individuals provide the following benefits:
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Custom Plans
An individual is able to select the level of coverage that best meets their medical needs. This may also be determined by the policyholder’s budget. They can select a comprehensive plan and then personalise it with extra coverages (riders or add-ons).
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Independent Plan
When an employee quits a firm, some group health insurance policies, such as employee health insurance plans, cease to exist. This isn’t the case with an individual health insurance policy. This plan is unaffected by circumstances like job loss or the death of a family member. They give continuous coverage until the policy expires.
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Dedicated Sum Insured
Every medical insurance plan has a defined amount insured limit. In group insurance, the sum covered may have to be shared with other plan members. However, in a medical insurance policy for individuals, the total sum insured is committed to covering only the policyholder.
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Free Medical Check-up
Under an individual health insurance policy, an insurance provider may provide a free health test. This is a useful technique for keeping track of one’s health. The insurer will also ensure that enough coverage is provided and may advise additional coverage if necessary.
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Cost-Efficient
Individual health insurance policies are less expensive than group health insurance coverage. This is due to the fact that the medical insurance premium for, say, a Family Floater plan is determined by the number of members covered by the policy. In this case, the medical insurance premium is restricted to the coverage and services provided by the insurance company. Specialised coverage is comparatively less expensive.
The Bottom Line
If you’re willing to purchase a health insurance plan for individuals, it is preferable to take control in your own hands and search for the greatest individual health insurance plan that completely meets your demands.
If you have any questions about individual health insurance options, premium calculation, or anything else, feel free to contact the customer service experts of Tata AIG at 1800-266-7780 or email us at [email protected]. We, at Tata AIG, would be delighted to assist you!
