Health Insurance

What is health insurance?
Health insurance is basically a coverage against the risk of insuring medical expenses. By estimating the overall risk of health care expenses among the members, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to ensure that money is available to pay for the health care benefits specified in the insurance agreement. As of today Health Insurance is available in both form pure health insurance and the market linked health plans. Health ULIPs are combination of two insurance plans a normal medical policy a market linked health investment plan. The medicaid covers the hospitalization expenses, while a market link builds a corpus for you. The amount invested in market is just like other ULIP plans where we check funds according to the age. The benefits are defined and the payout is not dependent on the costs actually insured. Being linked to the market, they are subject to market risks and also costs like fund management charges.

Why health insurance?
In today's scenario we plan our budget for all our activities. What if due to unfortunate event our medical expenses are crossing our budget? Health Insurance helps you at the time when you need the money most. It protect you from an unexpected cost and the sudden event which can arise anytime. To tackle any such problems you need to ensure that your savings are invested in best health insurance plan. Also it gives you an additional benefit of tax rebate.

Health Plans Available In Market:
1. Family floater by ICICI Lombard
2. Star package by Bajaj Allianz
3. Health shield by Royal Sundaram
4. Health wise policy by Reliance General Insurance
5. Family health optima by Star Health
6. Chola Family Insurance plan by Cholamandalam

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