Individual Health Insurance

Individual Health Insurance

Health Individual Insurance Policy

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health individual insurance policy

Comparing Family Floater V/S Individual Life Insurance Policy

Generally if the research surveys are to be believed, 65 percent of the people in India still exist unaware of the level of insurance cover they really need. A lot of the insured people are not fully covered and the remaining don’t even understand what type of plans there are and which one could work best for them. Health Insurance, medical insurance, Family Health Insurance are a few of the new types of insurance policy which offer a huge coverage to the insured person.

One of the crucial policies these days for any family is the health insurance. Nowadays several insurance companies give you a wholesome Family Health Insurance policy which covers the entire family within one policy. Family Floater Plan is one this type of Health Insurance Policy. In simple terms, when an Individual Health Insurance is extended for an full family, it gets converted and comes to be known as the Family Floater Plan. It’s a feasible solution to Buy Insurance for the whole family as it reduces cost compared to when taking individual life insurance policies.

Family Floater Health Insurance Policy is considered among the most apt and truly reasonable Health Insurance policy that covers the full family’s health insurance needs. Family Floater plans therefore are becoming popular and find favor with a lot of families. However, before one invests in a Health Insurance Plan, enough research, study and analysis has to be done regarding the needs and needs of a particular family. Moreover one requires to compare amongst the several Insurance Plans of several companies in order to determine the right health insurance policy for the family.

A few things which actually work in favor of the insured person/family to be kept in mind when looking for family floater health insurance:

* Family floater plans mostly are less expensive in comparison to if a family has individual life insurance policies for each individual member of the family.

* There are not any per specific illness limit or restriction.

* Health insurance policy would include hospital stay charges which occur because of a long drawn illness, accident, operation needs, etc. It even covers pre and post hospitalization expenses and even ambulance and medical expenses.

* Medical Insurance Policy is included in a family floater plan, which would ensure that the whole family can gain the benefits.

* Tax rewards can be availed in the income tax returns, under section 80D of the income tax act.

* Negotiation of up to almost 50 % of the expenditures that is incurred by the insured person for immediate health care check up and investigation can be availed. But it’s subject to the receipt of the proposal and the resultant conclusion of the amount in cheque.
Hence it can be safely said that health insurance India centric organizations have evolved over the years and the customer is truly king when it comes to choosing insurance. Nowadays a person or else a family like a group can avail the Best Health Insurance and save on a lot of money through family floater plans.
Best Individual Health Insurance

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Written by Individual Health Insurance

February 16th, 2012 at 1:49 am

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