Wednesday, April 2, 2008

Types of Health Insurance Coverages

  • Basic Health Insurance Cover

A health insurance plan which helps you in hospital room charges, doctor/surgeon fees, medical tests, medicines and related expenses.

  • Critical illness Cover

This covers critical illness. It gives a lump sum amount on detection of the disease.

It is an added benefit to the basic coverage.

  • Family & Floater Coverage

In the event family members are being covered, a floater policy or a family package helps reduce the premium outflow.

Moreover, premium cost can be reduced by purchasing health insurance cover for a longer duration.

  • Long Term Health Plan

If the insured desires to purchase a high cover plan and ensure stable premiums, the premium on a long term critical illness plan is the way to go.

Premiums in such plans remain stable for a period of five years.

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