Health Insurance
Module Units
- 1. Introduction
- 2. Important Points About Health Insurance
- 3. Health Risks
- 4. Importance Of Health Insurance
- 5. Why Do You Need Health Insurance?
- 6. Health Insurers
- 7. Different Types Of Health Insurance Policies In India
- 8. Mediclaim Policy (Group / Family Floater And Individual)
- 9. Third-Party Administrator
- 10. Benefits Of TPA To Policyholders
- 11. Benefits Of TPA To The Insurance Companies
- 12. Buying And Maintaining Health Insurance
- 13. Online Policy Renewal
- 14. Important Considerations Regarding Health Insurance Portability
- 15. Benefits Of Health Insurance Portability
- 16. Individual Health Insurance
- 17. Family Floater Insurance
- 18. Example Of Individual Health Insurance Vs Family Floater Health Cover
- 19. Critical Illness Insurance
- 20. Important Considerations While Buying Critical Illness Insurance
- 21. Maternity Insurance
- 22. Senior Citizen Insurance
- 23. Important Aspects Of Health Insurance
- 24. What factors Impact Health Insurance Premium?
- 25. Cashless Hospitalisation
- 26. Day Care Treatment
- 27. Pre & Post Hospitalisation
- 28. Grace Period
- 29. Claim Settlement
- 30. Free Look Period
- 31. Waiting Period
- 32. Tax Benefits Of Health Insurance
- 33. Conclusion
Example Of Individual Health Insurance Vs Family Floater Health Cover
Let us understand the differences between Individual health insurance Vs the Family Floater with the help of an example:
Example of Individual Health Insurance Plan:
Udit Desai, aged 34, had bought an individual health plan for ₹2 lakhs. He suddenly meets with an accident and the hospital bills amount to ₹1,75,000. Since Udit is covered under the plan, he opts for the cashless settlement claim benefit. The insurance company, in this case, is liable to pay the hospital bill amounting to ₹1,75,000.
Example of Family Floater Health Cover:
Naman Singh, aged 34, had bought a family cover for ₹2,50,000. Apart from Naman, this plan covers his wife, children and aged parents. Naman has been hospitalized after an accident. The hospital expenses add to a total of ₹180,000. Unfortunately, Naman’s family had already made a claim on the policy during the same year to pay for a surgery amounting to ₹190,000. This means while paying for his medical treatment, Naman has to pay ₹120,000 from his own pocket as he could make a claim for only the remaining ₹60,000 from the family health cover that he had bought.
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