As the name suggests, an individual plan is a type of medical insurance offering coverage, benefits, and security against medical emergencies to a single policyholder. An individual insurance policy acts as a personal safeguard against any expenses arising due to emergency hospitalisation, accidents, or other ailments. As an individual, you can customise the benefits of an individual mediclaim policy while enjoying a pocket-friendly premium.
A lower premium, extensive coverage, and several benefits together make an individual health insurance policy a popular pick among youngsters or individuals. One has to make an informed decision about buying a health insurance plan. With a highly flexible coverage, people of all ages – from young to middle age and elders – can opt for an individual policy to meet their specific medical care needs. Based on the selected plan, individual policy coverage can be extended to the individual's family. Care’s Supreme Health Insurance is a tailor-made individual health insurance policy that offers comprehensive coverage at an affordable cost. Find out why you should consider individual health cover over other options.
While the policy is suitable for people from all walks of life, individuals under the following circumstances should certainly consider buying an individual health insurance policy:
People at a Higher Health Risk
People who are susceptible to increased health risks owing to an unhealthy lifestyle and stressful occupations
Ageing Parents
Elderly parents and family members with specific medical conditions, like diabetes, hypertension, etc.
Uninsured Individuals
If you are uninsured while your family is already insured under a policy, you should get a personal health cover.
People Needing Separate Coverage
Individuals who need a separate sum insured and benefits instead of a shared policy under family floater.
Individuals Suspecting Critical Illnesses
If you have a family history of serious diseases like cancer, etc., you should opt for a policy covering similar conditions individually.
Buying an individual health insurance plan comes with a lot of advantages for every kind of individual, especially if you are opting for this policy at an early age. Here’s how you can make the most of it:
Working professionals need utmost security against the rising medical costs and lifestyle diseases while saving for the future. An individual policy is the best pick to protect one’s needs. Also, the employer-provided group mediclaim stops providing coverage when one exits the organisation, whereas a separate health plan can give lifelong coverage.
The earlier you opt for an individual health plan, the better. Not only will you enjoy a lower premium but also, you will accumulate a significant no-claim bonus, given you stay healthy for a long time. Even if you opt for a personal health cover in old age, you can waive off the co-payment by opting for optional waiver benefits.
Including elderly family members in a family floater plan may not be a good idea as it can increase the premium. So, get a separate individual health cover for your elders that meets their different medical needs. With benefits like alternative treatment and annual health check-ups, it becomes easy for senior citizens to manage their health better.
Whether young or old, the biggest advantage of buying individual health insurance is that you can customise the plan as per your health status and needs. For instance, diabetics can buy a mediclaim with pre-existing diseases while people with a family history of heart or cancer diseases can opt for a critical illness cover.
Long hours of work and inactivity is causing many households to struggle with lifestyle diseases like diabetes, hypertension, etc. The pandemic has further increased health risks for everyone. A personal cover protects you from all kinds of health risks, no matter your age and health status.
As a policyholder, you may have a specific health condition or prolonged ailment. Under an individual plan, you can get customised coverage for your pre-existing diseases. Also, you can get a separate cover for other ailments like heart diseases, organ transplants, cancer, etc.
Opting for a personal cover gives you an added opportunity to save tax on an individual basis. One is eligible to get a maximum deduction of up to Rs 25,000 every year, u/s 80D, on the insurance premium paid. Senior citizens can get a higher deduction of up to Rs 50,000. One can get total deductions of up to Rs 1 lakh if the proposer and insured are above 60 years.
With a separate cover, you can avail of special discounts on the policy premium paid as per the terms. Especially if you are a young individual, you can avail of early bird discounts up to 10% with Care Plus- Youth Health Cover – offered by Care Health Insurance. Also, as a senior citizen, you can buy a multi-year policy to avail of exclusive discounts on the premium amount. This way, individual covers for every member adds to the discount percentage.
Look for best health plan that suits your need!
Here are some prominent features of our personal health policies:
At Care Insurance, we offer comprehensive and customised policy for individuals under affordable premium rates with the following coverage benefits:
Coronavirus Treatment
Keep yourself safe against the COVID-19 risk with the coverage for standard coronavirus treatment expenses, including hospitalisation and medications.
No Claim Bonus
We reward you for staying healthy and raising no claims by increasing your sum insured under individual coverage by at least 10% of SI every policy year.
Pre and Post-Hospitalization Cover
We secure your hospitalisation to recovery journey with 30-day pre and 60-days post-hospitalization expenses covered under every individual plan.
Modern Day Care Treatment
Thanks to advanced medical technology, several medical treatments are completed within 24 hours. We cover expenses for such 540+ daycare procedures.
Auto Recharge of Sum Insured
To support you during frequent mediclaim needs, we ensure automatic recharge of your individual plan’s sum insured at least once in a policy year.
Annual Health Check-ups
We help you keep track of your health and take preventive measures with free annual health check-ups for insured members under our individual health covers.
Domiciliary Hospitalization Cover
We have your back when you need extra medical care at home. Our personal covers offer coverage for domiciliary care expenses as per policy terms.
In-Patient Care
We promise access to quality medical care with complete in-patient coverage, including ICU charges, doctor’s fees, etc., up to the individual plan’s SI.
We shall not reimburse any claim amount for the following standard exclusions under individual plans:
Let us help you understand how an individual plan is different from a family floater cover based on the following factors:
| Factors | Individual Health Insurance | Family Floater Cover |
|---|---|---|
| Sum Insured | Under individual plans, the insured’s sum insured is intact for his own use and other family members may have their own limit of sum insured on an individual basis. | The entire family shares a common pool of sum insured. Each member or the whole family can utilise the sum insured entirely or partially. However, the shared amount keeps reducing everytime a claim is made by a member. |
| Premium | The premium depends on the age of the individual alone. | The premium depends entirely on the age of the oldest member in the plan. |
| Family Members | If elderly members are 60+ and already suffering from ailments, then you should opt for an individual cover for all the members, especially elders. | If you have a small family with young children, then a floater plan is a good option. |
It is always beneficial to evaluate health insurance early in your financial journey. This can be done easily by actively comparing different plans. The question of which health insurance might suit you, depends on the following situations:
While the entry age of our wide-ranging individual plans may differ among plans, below are the standard eligibility criteria and claim process common across mediclaim for individuals
| Minimum Entry Age | 18 years |
| Maximum Entry Age | No upper age limit |
| Renewal | Lifelong renewability |
| Waiting Period |
|
| Tenure Options | 1/2/3 Years |
| Co-payment Clause | While buying or renewing the policy at the age of 61 years & above, customers will have the choice to include or exclude the co-payment feature, implying:
|
| Claim Options | Cashless and Reimbursement |
Filing a claim under a health insurance plan for individuals is easy and quick. Remember, in case of an emergency hospitalisation, you need to intimate our claims department within 24 hours of hospital admission.If it is a planned hosptialisation, kindly intimate us 48 hours prior to the admission date. Here are the steps to follow under the cashless and reimbursement claiming processes-
| Cashless Claim Process | Reimbursement Claim Process |
|---|---|
| Step 1: Go to a listed in-network hospital. | Step 1: Submit your claim form along with other required documents. |
| Step 2: Fill out the proper forms at the insurance desk. | Step 2: You'll get an approval letter when your claim is verified. |
| Step 3: Send the completed form to our claim management team. | Step 3: Respond to queries raised by the claim management team. |
| Step 4: You'll get an approval letter when your claim is verified. | Step 4: Get approval from the claim management team. |
| Step 5: Respond to queries from the claim management team. You will receive communication about whether your cashless claim is approved or rejected within the standard TAT. | Step 5: Our claims team will contact you if there are specific reasons for rejecting your claim. |
In an effort to help you choose and buy best individual health insurance coverage, we have enhanced our digital portals with end-to-end support features and services, including the following facilities:
Secure Payment Modes
We back our digital portals with secure payment options, helping you complete the transaction from anywhere, any time.
Quick Chat Support
Our in-house claims and customer support team resolves all your policy-related queries instantly through our chat service.
Instant Premium Calculation
Our digital premium calculators help you estimate the policy’s cost while comparing premium rates against policies and benefits.
Convenient Policy Selection
You can easily study, evaluate, and compare individual health plans by accessing policy documents through our official website.
Value Added Services
While buying or renewing personal covers online, you can easily modify optional benefits like OPD, etc., to enhance the coverage.
Individual medical insurance gives you a financial cushion during a medical emergency and reduces monetary stress. Thus, it's essential to opt for a personal cover wisely. Consider these below things while buying it:
Getting your personal health plan is the safest way to protect your health and finances as it provides coverage against any possible certain or uncertain risks. Here is a quick guide to buying online insurance for yourself:
STEP 1
Visit our website and select a suitable health policy.
STEP 2
Click on ‘Get Quote’ and provide relevant details.
STEP 3
Enter the required information and customise your policy.
STEP 4
Make payment through any secure digital payment modes.
Individual Health Insurance is a type of health insurance policy that provides medical coverage and financial protection to a single person against healthcare-related expenses. This policy ensures access to quality medical treatment without worrying about the financial burden during medical emergencies.
It is a suitable option for individuals who want a personalized health cover with benefits tailored to their specific healthcare needs.
Comprehensive Coverage
Affordable Premiums
Cashless Treatment
Lifelong Renewability
Tax Benefits
Wide Range of Sum Insured
Coverage for Pre-Existing Diseases
Tailored Coverage
Financial Security
Coverage for Hospitalization Expenses
Optional Add-Ons
No Claim Bonus (NCB)
Hospitalization Expenses
Pre- and Post-Hospitalization
Daycare Treatments
Domiciliary Treatment
Ambulance Charges
Critical Illnesses (with add-ons)
Preventive Health Check-Ups
Exclusions typically include:
Young Professionals
Individuals Without Employer Coverage
People with Specific Health Needs
Senior Citizens
Identity Proof
Address Proof
Age Proof
Medical History (if applicable)
Passport-Sized Photographs
Income Proof (sometimes required for high coverage plans)
Online
Offline
Compare Plans
Individual health insurance ensures that you are financially prepared for medical emergencies without compromising your savings. With the option to customize the policy based on your healthcare needs, it provides the perfect blend of financial security and access to quality medical care.
If you need help choosing the best individual health insurance plan or comparing options, feel free to ask!
While the entry age of our wide-ranging individual plans may differ among plans, below are the standard eligibility criteria and claim process common across mediclaim for individuals
| Minimum Entry Age | 18 years |
| Maximum Entry Age | No upper age limit |
| Renewal | Lifelong renewability |
| Waiting Period |
|
| Tenure Options | 1/2/3 Years |
| Co-payment Clause | While buying or renewing the policy at the age of 61 years & above, customers will have the choice to include or exclude the co-payment feature, implying:
|
| Claim Options | Cashless and Reimbursement |
Filing a claim under a health insurance plan for individuals is easy and quick. Remember, in case of an emergency hospitalisation, you need to intimate our claims department within 24 hours of hospital admission.If it is a planned hosptialisation, kindly intimate us 48 hours prior to the admission date. Here are the steps to follow under the cashless and reimbursement claiming processes-
| Cashless Claim Process | Reimbursement Claim Process |
|---|---|
| Step 1: Go to a listed in-network hospital. | Step 1: Submit your claim form along with other required documents. |
| Step 2: Fill out the proper forms at the insurance desk. | Step 2: You'll get an approval letter when your claim is verified. |
| Step 3: Send the completed form to our claim management team. | Step 3: Respond to queries raised by the claim management team. |
| Step 4: You'll get an approval letter when your claim is verified. | Step 4: Get approval from the claim management team. |
| Step 5: Respond to queries from the claim management team. You will receive communication about whether your cashless claim is approved or rejected within the standard TAT. | Step 5: Our claims team will contact you if there are specific reasons for rejecting your claim. |
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