Health Insurance
What is Health Insurance?
Health insurance, also referred to as medical insurance plans or policies, is a crucial financial tool that pays for medical treatment for illnesses, injuries, and more. A range of health insurance policies are available, from basic hospitalization coverage to comprehensive policies with additional benefits like death benefits and preventive medical care. Learn more about health insurance definition.
Choosing the correct health insurance guarantees that, in the event of an unanticipated illness or injury, you and your family will be financially secure. But why end there? The ACKO Platinum Health Insurance Plans offer superior coverage! With no claim deductions and amazing built-in extras, we offer an additional safety net in case of medical crises.
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Types of Health Insurance Plans
Individual Health Insurance Plans
This plan offers coverage to one individual/person. However, some insurers also allow the policyholder's spouse to be added to the policy and avail of insurance coverage.
Family-floater Health Insurance Plan
Immediate family members (spouse, parents, children) can be insured under the Family Health Insurance. Here, insured members share the total sum insured of the policy.
Senior Citizen Health Insurance Plan
This plan covers senior citizens, i.e., people above the age of 65 years. You can buy a dedicated Senior Citizen Health Insurance Plan for your elderly family members for adequate coverage.
Critical Illness Insurance Plan
Critical illnesses like cancer, stroke, kidney failure, major organ transplantation, heart attack, etc., are life-threatening diseases, and their medical treatment is quite expensive. You can get health insurance coverage for such specific diseases through the Critical Illness Insurance Plan. These plans are also called Fixed Benefit Health Plans, as you get a fixed lump sum amount in the case of an approved claim.
Group Health Insurance Plan
A group of people, for instance, a bunch of employees of the same company, can be covered under a Group Health Insurance Plan. Each member of this group has access to a fixed (separate/specific) sum insured. In some cases, the insured member can add their family members to the plan and share the allotted sum insured.
Top-up Health Insurance Plan
People who are already covered under a basic health insurance policy or those who can bear the medical expenses up to a certain threshold can opt for a Top-up Health Plan. It provides health insurance instant coverage beyond a fixed threshold known as a 'deductible' in insurance parlance.