Article by Austin Steve
Taking care of one’s health and leading a healthy life is a fact we all know but are hardly able to follow it due to various reasons. Health insurance therefore plays important role in assuring we are well taken care of in case of medical emergencies. A majority of people realize the importance of mediclaim and other health benefit policies late in life and think it is too late for them to apply and reap the benefits of such plans. This is no longer the case; anyone is eligible to apply for a health insurance plan. As people grow older their health related problems change and their medical attention requirement goes higher. So whether you an unmarried working professional or a 45 year old bread winner of the entire family, there are medical insurance plans to accommodate every person’s requirements. Below are the different forms of health insurance plans that you can choose to opt for depending on your requirements.Individual health insurance: Such type of health insurance plans as the name suggests offer coverage to a single person. People who opt for insurance at a young age can reap maximum benefits from such plans. Parents who do not wish to make any monetary compromises when their children start planning for their higher education, marriage etc and also wish to secure their health go for such plans. The benefit such policies provide are dual, they offer health coverage and also assure a lump sum amount at the time of maturity. If started at an early the premium amount payable is less, this is because the lesser the age of the insurance holder fewer the chances of claims being made. This insurance too will give you certain degree of tax relief.Family health insurance: Family health insurance plans offer coverage to the entire family under a single policy. The major benefit of this insurance is the family floater coverage offered in it. If you opt for a family floater cover health insurance, all your family members will be insured for the same amount. For instance if a medical emergency occurs with your spouse and the expenses add to around 4 lakhs and your insurance coverage also nears to the same amount, the injured person is eligible to claim the entire coverage amount if the need arises. This is not the case in individual policies as the insured can only get the monetary benefit he has opted for. Family health insurance can help you cover every family member for the same amount so that when any of them requires it the most, money is the last cause of concern.Senior citizen health insurance: General health insurance plans cover people between the ages of 3months up to 65 years. Senior citizen insurance is for the elderly who because of their age limit are not eligible for the general insurance plans. Such a health insurance also covers pre-existing illnesses and thus proves to be a respite to the people who need it.From the above mentioned types of medical insurance options you must have by now realized which plan is apt for you. Hence your age can no longer stop you from applying for a health insurance plan.
