| 27th April 2016 10:37 AM | |
| Pathak | Re: Types of Health Insurance in India Health insurance in India is a growing segment of India's economy. In 2011, 3.9% of India's gross domestic product was spent in the health sector. According to the World Health Organization (WHO), this is among the lowest of the BRICS (Brazil, Russia, India, China, and South Africa) economies. There are broadly three types of health insurance in India: Hospitalization Plans Hospitalization plans reimburse the hospitalization and medical costs of the insured subject to the sum insured. For this reason, the plans are also known as indemnity plans. The sum assured can be fixed - i- For a member of the family in case of individual health policies or ii- For a family as a whole in case of a family floater policy Hospital Daily Cash Benefit Plans For instance, the hospitalization costs for a day may be Rs 2,000/day and the defined daily limit of the policy could be Rs 1,500/day, in which case the insured receives the latter. On the other hand, if the hospitalization cost is Rs 1,000/day, he still receives Rs 1,500/day. Critical Illness Plans The illnesses are specified at the outset. By nature, critical illnesses are high severity and low frequency and cost of treatment is higher compared to regular medical problems like heart attack, stroke, among others. |
| 27th April 2016 10:36 AM | |
| Unregistered | Types of Health Insurance in India My friend was asking me Types of Health Insurance in India as may be he would want to have one Health Insurance policy so please help him |
