Published On: Wed, Nov 21st, 2018

What is the Best Health Insurance Plan For You?

Have you brought your health insurance plan with due- diligence? As it’s anytime better to take an informed decision rather than just going with the flow. With amendments in the rules of IRDAI in favor of users, it’s anytime better to port your health insurance plan. If you haven’t brought still, than you can choose from the number of health plans. To take the best health policy you can do an easy comparison at an online marketplace like PolicyX.

You will get plenty of options to choose from. Some of the leading players can be Star Health, Apollo Munich, Religare, HDFC ERGO and many more. You will come across many types of medical insurance, it’s important to choose the right plan for yourself. It can be done with a thorough understanding of various health insurance plans. You can always choose the plan according to your stage in life. To make it simple there are few bifurcations that may help you in choosing the right plan.

photo/ Darko Stojanovic

First of all you must know few types of health plans as tabulated below.

Sno. Health Plans
1. Individual Plans
2. Critical Illness Plans
3. Family Floater Plans
4. Senior Citizens Plans
5. Disease-Specific Plans

 You can choose health plan for yourself based on the following criteria.


  • Singles between 18-25 years


Best time to invest in the health plan is when you are young as you can get a suitable plan at very affordable cost.  You can choose from a variety of health plans by paying a minimum premium. Another advantage of investing in this age is you can get a huge amount of sum insured by paying least amount of premium. You can choose any basic individual plan that can cover all your hospitalization charges.


  • Singles after 25 years


After the age of 25, your body may start showing some signals of diseases. In order to take better care of your health you can always take add-on riders or top-up plans along with an individual plan for yourself.


  • Married People


If you are married then you can always take a family floater plan. It will not only cover your spouse but up to two dependent children as well till a certain age. The benefit of this plan is by paying single amount of sum insured you can cover your complete family.


  • Senior Citizens


The senior citizen’s plan is most suitable for people above 60 years. They can always take a plan as per their special disease. The best plan that they can take can be a critical illness plan along with any specific plan for senior citizens.  

How Can RIDERS Benefit You?

Riders are the add-ons taken along with your health plans. They can help you with any other additional need not covered by your health insurance policy. Some of the riders that you may like to consider can be.


  • Accident Cover


Accident cover riders cover the treatment required after the accident. Usually, accident damage is not covered in the health plan . By paying a nominal price on your rider you can easily cover the damage due to the accident as well.


  • Emergency Cash


During hospitalization, there may be many non-medical expenses. You must have some cash all the time to manage the same. If you are dealing with any critical illness than the amount of cash required may be much more. You may not be comfortable taking money from any of your relatives. To maintain your dignity you can always take the rider of an emergency cash. This can facilitate the amount of cash that you may need.


  • Room Waiver


Your health insurance plan may also provide you with a specific kind of room. This room can be a sharing room or other types which you may not prefer. You can always upgrade your room with the help of this specific rider

Should You Take The Top-Up Plans?  

Top-Up plans help you protect with any other additional risk that you may be prone to. In order to enhance your sum insured you don’t have to buy separate health insurance plan. The top-up plan can help you cover all additional hospital costs at a very nominal additional cost. You can choose to increase the amount of top-up as per your requirement.  

You must choose your health plan by understanding all it’s features in details. Good health policy can cure half of your disease speedily as it can manage all the related stress as well. Stay healthy, happy & prosperous with the right selection of health insurance plan.

Author: Mohit Kapoor

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