Types of Health Insurance Plans: Compare Before Buying

Health insurance policies are necessary for securing your family’s health and financial well-being. The medical costs are rising steadily. So, to ensure access to medical care in times of need, you need the right health insurance plans

However, with so many options available, choosing the best health insurance plan can be overwhelming. Before buying health insurance plans in India, you must compare different plans so that you can choose the best one for your needs. 

Let us break down the different types of health insurance plans available to help you make an informed decision.

Types of Health Insurance

  • Individual Health Insurance

Individual health insurance plans are meant for single person’s coverage. It is ideal for young adults, single people, or those who want a personalised plan. These plans offer financial protection against medical expenses, including hospitalisation, surgery, and medication costs.

  • Family Floater Health Insurance

A family floater health insurance plan is for covering the whole family under a single policy. It offers a sum assured that can be utilised by any covered family member for medical treatment. The health insurance plan prices for these types of plans are relatively low compared to buying separate policies for each family member.

  • Critical Illness Health Insurance

Critical illness health insurance plans offer coverage for life-threatening diseases such as cancer, heart attack, and kidney failure. They provide a lump sum amount upon diagnosis of a listed critical illness. It can be used to cover medical expenses or loss of income due to the illness.

  • Senior Citizen Health Insurance

Senior Citizen health insurance plans are designed for individuals above 60 years. It is one of the best health insurance plans for older adults. These plans cater to the specific health needs of senior citizens. They provide coverage for age-related illnesses and treatments.

  • Personal Accident Insurance

Personal accident insurance provides coverage for accidental death or permanent/permanent partial disability. This type of insurance offers financial support to the insured or their family in the event of death due to an accident. 

  • Group Health Insurance

Group health insurance is generally offered by employers, and it covers employees and their dependents. Such health plans are much more affordable than covering each employee with an individual health insurance plan.

Additional Considerations Before Buying Health Insurance Plans

  • Health Insurance Top-Up Plan: If you need additional coverage beyond your existing plan’s sum insured, consider a health insurance top-up plan. This provides additional coverage at a lower premium.
  • Global Health Insurance Plan: A global health insurance plan allows you to get the best treatment anywhere in the world. The plan not only covers planned treatments and surgeries but also covers emergency and planned treatments within India.
  • Monthly Health Insurance Plans: Monthly health insurance plans allow you to pay your premium monthly. It is an affordable health insurance option.


Whether you are looking for a monthly health insurance plan or any other individual or group health insurance plan, compare them before buying. Consider factors such as the coverage amount, premiums, claim settlement process, etc. 

Choose a plan with comprehensive coverage and that too at an affordable price. Comparing health insurance plans can help you find the best health insurance plan for you and your family’s needs.

Adrianna Tori

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