health insurance plans.1. Individual health planAs the name suggests, an individual health plan is one whose benefits can only be reaped by an individual.
You can purchase an individual policy in either your name or in the name of your spouse or child and the premium depends on the individual’s age, and the sum insured.
This plan is better suited for early career professionals and people who are young and single who may not have persistent health issues.
The premium costs are generally lower and they provide coverage for hospitalization, thus keeping you prepared for any medical exigency.2. Family floater policyThis policy comes in handy when you are looking to secure the health risks of the entire family.