Individual Health Insurance: How to Apply for a Personal Health Insurance?

Last updated:
Individual Health Insurance: How to Apply for a Personal Health Insurance?

Individual Health Insurance: An Overview

You never know when or where a medical emergency may happen, and there isn't any assurance that you or the people you care about won't get sick or hurt. Planning for the future and feeling safe about your healthcare requirements are crucial in this time of rising medical and leisure costs.

Users and their families will be ready for the direct medical scenario if they choose to get health insurance. Individual insurance coverage is a practical option among the different insurance policies offered for consumers seeking medical assurance.

What is Individual Health Insurance?

An individual health insurance policy is a kind of medical insurance that pays for the protected person's medical costs. It covers the policyholder's hospitalization and surgery costs up to hospitalization insured maximum. It may also be added to a health insurance policy the employer provides for additional coverage, as these plans don't usually provide sufficient protection. One of the most pleasing aspects is that individual plans for health insurance allow policyholders to choose from various healthcare plans and are very customized. These lifetime plans are continuous, and their insurance premiums are eligible for tax advantages per Section 80D.

Benefits of Health Insurance in India

The following are some advantages of purchasing individual health insurance:

Customized Advantages:

Individual medical coverage is tailored to order, and you may select the plan that most closely matches your requirements. A specific disease, such as critical sickness and individual accident insurance, may be covered. Individual insurance policies offer maternity coverage, allowing women to seek assistance with pregnancy-related costs.

Coverage Amount Assured:

You have a certain quantity to spend on your medical needs if you acquire individual health coverage. As a result, you won't need to be concerned about someone using your money if you get sick.

Customized coverage:

The individual health insurance plan's provided sum insured is only available to you, unlike the household convertible plan, which allows all covered individuals to use the insurance amount as needed.

Risk And Premium

You might not be able to use every policy. When choosing an individual health coverage plan, you must be realistic and ensure it meets your requirements and criteria. If you choose a family floater, the premiums may be more expensive because age is a chance factor that affects the premium. One ought to choose health insurance for individuals in this situation.

Discounts and Additional Advantages:

When purchasing a healthcare plan for further than a person, many insurance providers offer a variety of incentives and significant savings. Choosing a personal health insurance plan in such a situation might help you and your family members save a significant amount of money.

The only tax liability

Gaining tax advantages is a significant advantage of having private health insurance. When you choose any insurance, you must pay a monthly premium, but you may also be eligible for a discount. The premium is subtracted from your tax liability by Section 80 D of the Revenue Act of 1961. This results in a decrease in overall tax obligation.

Concentrated Personal Gains:

Irrespective of the health of other relatives, the policy covers risks, including illness and critical sickness. A waiting time is unnecessary for an individual health insurance policy if a member exhausts the policy's protection.

Additional Advantages:

personal health insurance plan also comes with other perks, such as a restoration benefit that allows the covered amount to be renewed during the tax policies term in the event of unconnected medical emergencies. Proposals for individual insurance may include extra built-in or add-on advantages, such as personal accident insurance, global coverage, etc.

Satisfaction with Cashless Claims:

Nearly all providers of health insurance offer cashless claim assistance. These facilities have special arrangements, so you don't have to purchase anything. However, the insurer is responsible for covering all healthcare bills.

It is advisable to utilize your insurer's recommended hospital. One may be required to present a before form & your insurance card to receive these treatments.

Uninterrupted Preservation:

If a worker resigns from the firm, the reimbursement under group insurance programs cannot be honored. Contrarily, with a personal health care plan, coverage remains until the policy expires, even if the client has left the company.

How can I apply for Health Insurance?

The individual health insurance application is indeed a simple process. Thanks to technological advancements, you may purchase health insurance coverage through numerous online brokers and aggregator sites. Your basic information, any previous medical information, and the best strategy for you are all shared along the approach. After that, you may pay and get the coverage right away.

When deciding, you should always compare the many individual health insurance plans on the marketplace. Examine the advantages the insurance providers offer, then choose the one that best meets your requirements.

Feature Alert: Boost Your Existing Health Cover with INDmoney. Click here to know more!

No one likes to hurry at the last moment especially when it comes to one's health. Shield yourself from the trouble of financing your emergency medical bills by just availing a super top health plan with the help of INDmoney. Check out the various plans available here and avail a plan in just a few steps! 



The best defense against yourself is personal insurance coverage. Your care issues will never be sacrificed, keeping medical stress away. The first step to a stable retirement and economic safety is buying health insurance. We advise speaking with your financial experts if you have questions about buying individual health coverage.

  • What exactly do you mean when you say "individual health policy"?

  • What exactly does individual health insurance cover?

  • Why is health insurance a requirement for everyone?

  • Which health insurance plan is ideal for an individual?