What is Health Insurance?

Health insurance covers medical expenses (hospitalization, surgeries, treatments). Family floater covers entire family in single sum insured. India top providers: HDFC ERGO, Star Health, Care, Niva Bupa, ICICI Lombard. Cost depends on: age of eldest member, sum insured (₹3L-1Cr), number of family members, city tier, pre-existing conditions.

Tips

• Buy young — cheaper premiums, pre-existing conditions easier
• Sum insured: minimum ₹5L individual, ₹10-15L family
• Section 80D: ₹25K-50K tax deduction
• Check sub-limits (room rent caps, disease-wise caps)
• Cashless network: verify your hospital is in-network
• Read exclusions carefully (pre-existing, cosmetic, IVF, etc.)

FAQs

Do I need it if employer covers me?

Yes — employer cover stops if you leave job. Personal policy ensures continuous coverage.

Best for senior parents?

Senior citizen plans: Star Senior, Niva Bupa Senior First. Premiums higher but coverage tailored.

Top-up vs base?

Base policy from ₹1, top-up activates after deductible. Cheaper to have small base + larger top-up than full size base.