There are many people who ponder over this question. People feel confused whether they should buy individual or family healthcare insurance. This sector has not fully developed. Majority of people in India do not buy these products. Whatsoever would be the reason behind it, but, it is one of the grave issues that need to be pondered over by the Government and the associated bodies.
Individual health insurance plans are those that offer health cover only to an insured. It is only a single individual who could enjoy the benefits of the plan. At the same time, family healthcare insurance plans are those that offer cover to all family members, which may include an insured, spouse, dependent children and dependent parents. These plans offer cover to 4 or 6 people, as per the conditions of the plan. 4 people may include 2 adults and 2 children and 6 people may include 2 adults and 4 children. The number of members included under the cover may vary from plan to plan. Thus, it should be checked before buying a plan.
Family healthcare insurance plans offer the health cover (of percent of sum assured) to all family members, as stated in the plan. These plans are affordable and they are designed to curb the problem that a person might face with individual health insurance.
A person should look into his/her healthcare needs and then, should buy the plan that fulfills most of them. For an unmarried individual, it is better to have individual health insurance plans. It is because buying a family plan with parents might increase the amount of premium, as the premium may be calculated upon the age of eldest family member. For a married individual, a person should buy family plan with his/her spouse and children.
So, it is always advisable to look into ones needs and then, choose a plan. There are numerous of such plans available in the market. One should carry out extensive research and then, should buy a plan that could offer overall coverage. Easy Health is one of the best health insurance plans brought by Apollo Munich. It is available in two variant—Individual and Family. Each of these is further subdivided into three sub variants—Standard, Exclusive and Premium. Thus, there is coverage for one and all.
Easy Health is a pure health insurance plan that works on indemnity basis. The plan offers cover to inpatient treatment expenses, pre- and post-hospitalization expenses, day-care procedures, etc. the plan is rated as 5-star product in one of the recent surveys.
Besides Easy Health, there are several other plans, which are designed to offer coverage to the Indian masses. The ‘Maxima’, India’s first 360 degree plan, offers comprehensive coverage such that medical expenses are no more associated with fiscal worries. Optima Cash, a top-up plan offers cover to additional hospitalization expenses. Optima Restore, reinstates the basic sum insured amount, if it is consumed during the policy period. Optima Plus, the other top-plan has a unique feature of getting converted to a fully fledged nil deductible health insurance plan on retirement. Likewise, different plans are designed to offer coverage in different circumstances of life
