Download
1 / 1
10 likes | 16 Views
Individual health insurance is a contract between the insurer and the insured in which the insurer promises to pay a specific amount of the insured's medical costs in accordance with the amount invested in the plan.
E N D
Individual Health Insurance Person Health Insurance refers to insurance policies that cover an individual against a variety of expenditures related to preserving his or her general health and well-being. Thus, individual insurance provides monetary protection against certain diseases that necessitate hospitalisation, based on the quantity covered and the premium amount paid by the individual. Individual health insurance policies, may tailor health insurance for a single person to his or her own needs rather than the needs of the family. Individual plans provide coverage for expenditures such as hospitalisation, ambulance fees, day care fees, and many more. Furthermore, the premium payment for a single person health insurance plan entitles the policyholder to income tax advantages under Section 80D. Following are some key advantages of individual health insuranceplans: Individual health insurance covers just the covered person. Here, the insurer covers the policyholder against specific medical expenditures based on the amount of premium paid. Under individual health insurance plans, hospitalisation charges are covered as part of the policy. The individual policies come with Lifetime renewal. Under individual health insurance plans, hospitalisation charges are covered as part of the policy. These plans allow tax deductions under section 80D of the Income Tax. The individual plans provide coverage costs for surgeries, hospital rooms, doctor's fees, and laboratory tests, among other things. Pre and post-hospitalization fees are included in these plans. They also provide protection against serious illnesses. If you want to know more about the individual health insurance plans and best insurance company, read PayBima blogs.
