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Insurance Article

What is health insurance policy? What are the types of health care plans?

January 11 2013

During a spate of illness, both your health and finances get affected if hospitalisation is imperative. Also, many age-related illnesses run the risk of medical complications and are likely to negatively impact your finances. With the rising cost of medical aid in India, many people are now purchasing a health insurance policy. However, many individuals are frequently faced with questions like "What is health insurance policy?" or "Which type of policy should I select?" especially when buying a health cover for the first time.

A health insurance policy offers sufficient medical converge during an unexpected medical emergency. Different types of health insurance policies are available that either offer individual cover or cover for the entire family. It is wise to buy a comprehensive cover to enjoy extensive coverage and lessen the burden of hospitalisation costs on your savings. The perfect way to get answers to the frequently asked question of "what is a health policy?" is by logging online and checking the different health insurance quotes. You can also check the policy structure and stay better informed about the different add on covers.

For a family of five members, ICICI offers the ICICI Lombard Complete Health Insurance (ILCHI) cover which has a comprehensive policy structure. The floater benefit of this policy offers health coverage to a maximum if five family members with a large sum insured. With this policy you can select a policy period of 1 year or a policy period of two years. This policy can be purchased online and payment for this policy can be made using Debit Card, Credit Card or Net banking. For added convenience to the policyholder, the payment for the policy premium may be charged automatically to your Credit Card bill which eliminates the chances of missing on premium payment dates.

Lifelong renewability feature of this health cover allows you and your family members to enjoy a variety of policy benefits. Cashless claim feature of this insurance policy offers premium medical aid to the ailing member of the family without the burden of large hospitalisation bills.

Apart from family health plans, ICICI Lombard also may offers different types of individual health insurance policies like the personal protect, Health care plus and many other that are carefully structured to cover different types of ailments and injuries suffered by the insured individual.

Knowing what is health insurance policy and careful consideration of several plans and policy benefits will surely help you select the best health insurance plan.

Disclaimer - The article contains only an indication of the cover offered. For complete details on coverage, terms, conditions and exclusions, please read the sales brochure carefully before concluding a sale. ICICI Lombard General Insurance Company Limited. Insurance is the subject matter of solicitation. IRDA Reg. No. 115

Toll Free No: 1800 2666

Job Code: EC012421MI

Product Code:
ILCHI- Misc. 129
Personal Protect- Misc. 111
Health Care Plus- Misc. 113

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