Individual Health Insurance
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An individual health insurance plan or a personal medical insurance is a policy that covers a single person against medical bills and hospitalization costs. This can be purchased for yourself, your spouse, your children, or even your ageing parents.
What can it do for you?
- Covers medical expenses before, during, and after hospital stays.
- Reimburses treatments, hospital, and surgical bills, and other expenses, including ambulance and daycare charges.
- Gives an option of cashless claims through a large network of hospitals.
Highlights of Individual
Health Insurance
Most Popular Individual Health Insurance Plans
Stay active and get up to 30% of your premium as HealthReturnsTM
For guidance on medical, nutritional, fitness, mental counselling session, homeopathy teleconsultation
Pays for medically necessary expenses incurred towards Assisted Reproductive Treatment, where indicated for sub-fertility
Offers unlimited e-consultations with qualified General Physicians at our network during the Policy Year through any mode of communication
5x Unutilised Base Sum Insured carries forward to the next policy year, maximum up to 5 times of Base Sum Insured
Offers unlimited e-consultations with qualified General Physicians at our network during the Policy Year through any mode of communication
Stay active and get up to 30% of your premium as HealthReturnsTM
For guidance on medical, nutritional, fitness, mental counselling session, homeopathy teleconsultation
Pays for medically necessary expenses incurred towards Assisted Reproductive Treatment, where indicated for sub-fertility
Offers unlimited e-consultations with qualified General Physicians at our network during the Policy Year through any mode of communication
5x Unutilised Base Sum Insured carries forward to the next policy year, maximum up to 5 times of Base Sum Insured
Offers unlimited e-consultations with qualified General Physicians at our network during the Policy Year through any mode of communication
Stay active and get up to 30% of your premium as HealthReturnsTM
For guidance on medical, nutritional, fitness, mental counselling session, homeopathy teleconsultation
Pays for medically necessary expenses incurred towards Assisted Reproductive Treatment, where indicated for sub-fertility
Offers unlimited e-consultations with qualified General Physicians at our network during the Policy Year through any mode of communication
5x Unutilised Base Sum Insured carries forward to the next policy year, maximum up to 5 times of Base Sum Insured
Offers unlimited e-consultations with qualified General Physicians at our network during the Policy Year through any mode of communication
Sahi Advice,
Sahi Insurance
If you have any questions related to how to choose the best insurance company, you can connect with our IRDAI certified insurance advisors.
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What is Individual Health Insurance?
Everything You Need to Know
Benefits of Individual Health Insurance
Key features of individual health insurance
Health Insurance Policy for Coronavirus (COVID-19)
How to Buy an Individual Health Insurance
Benefits of Individual Health Insurance
Coverage for medical bills, pre- and post-hospitalisation.
Pre-existing conditions coverage included after a waiting period.
Cashless claims in a network hospital or reimbursement claims.
Under Section 80D on annual premium.
Some plans cover outpatient department (OPD) costs.
Full coverage for medical treatments or hospitalization in a family floater
Ideal for high-risk individuals.
Multiple claims in a year allowed.
No age limit for renewals.
Some plans cover accidental injury coverage.
At Paybima, buying an insurance plan is easy and you can opt for an advisor’s help anytime.
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Key Feature of Individual Health Insurance
Daycare procedure coverage included.
Critical illness coverage included after waiting period.
Covers ambulance charges.
The person covered under the policy must have a fixed amount to avail the health services.
All plans cover pre- and post-hospitalisation expenses.
It is not mandatory but some plans may ask for a test.
Health Insurance Policy for Coronavirus (COVID-19)
The plan may cover hospitalization costs incurred in the treatment of COVID-19.
Individual Health Insurance – Inclusions
What is covered under individual health insurance
Precautionary health check-up included.
Cover all hospitalisation costs that need overnight stays or more.
Covers pre and post hospitalization expenses
Covers hospital transportation.
Covers all medical expenses.
Covers most lab test expenses.
Plans that cover treatments and procedures under 24 hours.
Covers doctor-prescribed home treatment when medical facilities are limited during emergencies or epidemics. Expenses incurred for organ donation: Plans that cover organ transplant and donation expenses. Alternative treatment: Covers alternative care like homeopathy, Unani, Ayurveda, etc.
Got Existing Illness?
Select the appropriate plan that covers more than 50* existing illness
*The number of illness covered values for different insurance companies.
View PlansIndividual Health Insurance – Exclusions
What is not covered in individual health insurance
Plans that exclude injuries caused intentionally by the insured.
Plans that do not cover preventive or cosmetic dental care.
Plans that don’t include treatment for drug/alcohol or any other intoxicant abuse.
Plans that do not include treatment for fat removal and other related diseases.
Plans that do not cover treatment for infertility.
Plans that do not cover costs for cosmetic procedures.
Plans that exclude injuries from risky sports.
Plans that do not cover treatment costs for HIV/AIDS.
Plans that do not cover costs from nuclear weapon injuries.
How to Select the Best Individual Health Plan
Having an individual health insurance plan is crucial for both your health and financial security during medical emergencies. With Mahindra Paybima's guidance, finding the right plan with the best coverage and price is simpler.
Things to consider while choosing your individual health insurance plan:
Look for a policy that covers various medical conditions and does not have added costs.
Select a plan within your budget; add-ons can be chosen later.
Opt for policies with lifetime renewability for continuous benefits.
Ensure your plan includes a wide network of hospitals for cashless treatment.
Check the efficiency of handling claim settlements for individuals.
Verify the sum insured to cover medical expenses adequately.
Check waiting periods for immediate treatment needs.
Confirm availability of add-ons before choosing a plan.
Be aware of disease-specific or room-rent sub-limits.
Factors Affecting the Individual Health Insurance Premium
Insurers determine the premium amount based on various factors like age, pre-existing conditions, policy tenure, etc.
Starting early lowers premiums due to lower disease risks.
Healthy individuals pay less than those with health issues.
Long-term policies have lower premiums.
Annual payments often get discounts as compared to monthly payments.
Opt for a plan that meets your needs without extra riders.
Smoking, drinking, and chewing tobacco can raise premiums.
Risky workplaces, such as construction sites or areas with chemicals or radiation, lead to higher insurance premiums.
How to Buy an Individual Health Insurance Policy
Provide personal and health information to begin the policy procedure.
Analyse the plans, compare quotes, features, network hospitals, waiting period and other details.
After shortlisting 2-3 policies as per your requirements, review them together by clicking the ‘compare product’ box.
Select the appropriate riders or add-ons for extra cover.
Enter required details for e-KYC.
Pay online using credit/debit cards, UPI, wallets, or net banking.
Upload the required documents.
Post insurer’s approval, the policy is sent on the registered email id.
How to Compare Health Insurance Policies
Here are some of the factors you should consider while comparing health insurance policies.
Benefits of Comparing Health Insurance Policies
Comparing health insurance for low-income individuals online helps you find the best deal. insurance for low-income individuals can get you the best deal online. Here are some of the top benefits of comparing policies:
Guaranteed Claim Support
When you buy an individual health plan from us, we guide at every step till your claim is settled.
Start your claim process with us to get our support
Do You Have any Insurance Related Concerns?
Our IRDAI Certified insurance advisor is a click away.
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The minimum age of entry is 5 years, while the maximum age of entry is 65 years.
Buying insurance through PayBima is a quick and easy process. Just fill in your basic details and get instant quotes from leading insurance companies. Compare among the various plans on offer and choose the one that best suits your requirements. Fill up the proposal form, make payment and your policy will be issued instantly.
PayBima focuses on bringing you all the information you need about insurance policies under one umbrella. You can find terms and conditions on different policies in an easy-to-read format.
- When you fill-up the proposal form, a host of diverse policy options are brought to you. You can explore them at your own pace and shortlist the ones best suited to your insurance needs. The website offers you a wide range of options for insurance policies to choose from with a stress-free buying experience.
- Once shortlisted, PayBima allows you to compare insurance online to see their benefits and shortcomings. Choose the one that offers you the maximum benefits. After finalising the best policy for yourself, you need to fill in your additional details. You can make payment and buy the policy on the PayBimaportal without being directed to any other website.
