Health Insurance 351 views March 13, 2021

Unlike a salaried individual, there is no guarantee of a regular income for self-employed individuals. Considering this, an uninformed medical emergency can bring unnecessary financial trouble. That’s why it is important to have health insurance for self-employed individuals to prevent their savings from getting exhausted towards costly medical bills. If a self-employed individual is the sole breadwinner, any illness to him/her can put a huge financial burden on his/her family members. But with a suitable health insurance plan, the medical expenses will get covered.

Health Insurance

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Apart from providing financial protection, health insurance for self-employed individuals can also provide tax benefits up to INR 25,000 per financial year on paying the premium towards policy under Section 80D of the Income Tax Act, 1961. Health insurance plans also provide the option of paying the premium as a lump sum payment, so you don’t need to worry about a regular flow of income as no business guarantees the same. Also, if you pay the premiums for a longer policy term (2 or 3 years), you can get a discount on your premium.

In this article, we will be discussing some top health insurance plans for self-employed individuals and their features so that they can choose the best one according to their requirements. Read on to know more!

Star Health Comprehensive Insurance Policy

Star Health Comprehensive insurance policy could be the best health insurance plan for self-employed individuals as it provides complete healthcare protection not only to them but also their entire family members. Individuals aged between 18 to 65 years can choose this policy on both an individual or family floater basis according to their requirements.

Let’s look at the special features of the Star Health Comprehensive Insurance Policy mentioned below. 

  1. No limit on room rent so you can enjoy a treatment at a private single AC room
  2. Disease management program for a healthy life through Star wellness
  3. Sum insured options up to INR 1 crore
  4. Policy term options of 1, 2 and 3 years
  5. Health checkup expenses coverage on every claim-free year
  6. Maternity and newborn child coverage
  7. Personal accident coverage against death and permanent total disablement without any charge
  8. OPD Dental or Ophthalmic Coverage
  9. Bariatric surgery coverage up to INR 5 lakh
  10. AYUSH Treatment and Second medical opinion option

Max Bupa Health Companion Insurance Plan

With the Health Companion Family floater plan from Max Bupa Life, you can be assured about your family’s protection in case of a medical emergency. The best thing about this health insurance for self-employed individuals is its affordable premium that starts from INR 5,085 per year. Want to know its other features? Well, check them out!

  1. Sum insured options up to INR 1 crore
  2. Hospital cash up to INR 4,000 per day
  3. Policy term options of 1 or 2 years
  4. No medical check-up required
  5. All daycare procedure coverage
  6. Cover for 30 days before hospitalization and 60 days after discharge
  7. Emergency ambulance coverage up to INR 3,000 per hospitalization
  8. Modern treatment coverage up to INR 1 lakh
  9. AYUSH treatment coverage

Care Family Health Insurance Plan

The Care Family health insurance plan can be one of the best health insurance for self-employed individuals. We are showing its striking features below so that you can make a better decision.

  1. Sum insured options up to INR 75 lakh
  2. 30-day pre-and 60-days post-hospitalization coverage
  3. Coverage of non-allopathic treatment like Ayurveda, Homeopathy, Unani, etc.
  4. In-built maternity cover up to INR 1 lakh on choosing the sum insured of INR 50 lakh and above
  5. More than 540 daycare treatments coverage
  6. Personal accident coverage
  7. Up to 150% increase in the sum insured with No Claim Bonus
  8. Organ Donor coverage up to INR 3 lakh
  9. Lifelong renewability
  10. No upper limits on operation theatre and allied charges, doctor’s fees, surgery fees, etc.

HDFC Ergo Easy Health Insurance

With three different variant options of Standard, Exclusive and Premium, self-employed individuals can choose higher coverage with the HDFC Ergo Easy health insurance plan. Self-employed individuals can add up to 2 parents and a maximum of 6 children on choosing the family floater policy. The striking features of this plan for self-employed individuals are shown below. Please check!

  1. Sum insured options up to INR 50 lakh
  2. Organ donor expenses coverage
  3. Ambulance cover up to INR 2,000 per hospitalization
  4. AYUSH Benefits up to INR 50,000
  5. Daily Cash Benefits up to INR 1,000 per day, with a maximum of INR 6,000 per policy period
  6. Newborn baby coverage on the payment of an additional premium
  7. Recovery Benefit of INR 10,000
  8. Emergency Ambulance up to INR 2.5 lakh per hospitalization
  9. Daycare procedures coverage
  10. Domiciliary treatment coverage
  11. Outpatient dental treatment up to 1% of the sum insured

Aditya Birla Activ Assure Diamond Health Insurance

With an annual premium of INR 2,774, Aditya Birla Activ Assure Diamond health insurance could be one of the most affordable plans for self-employed individuals. Want to know more reasons to choose this plan? Well, we are showing them below. Have a look!

  1. Sum insured options up to INR 2 crore
  2. Up to 586 daycare procedures coverage where the hospitalization is less than 24 hours
  3. Earn Health Returns worth up to 30% of your premium
  4. Daily allowance of INR 500 per day for a maximum of 5 days of hospitalization
  5. Organ donor expenses coverage
  6. No claim bonus up to 50% of the sum insured
  7. AYUSH Treatment coverage
  8. Road ambulance coverage
  9. Domiciliary hospitalization coverage
  10. Unlimited reload of sum insured
  11. Additional sum insured option in case of an accidental hospitalization
  12. Second e-opinion on critical illness

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