Health Insurance for an Adult: Your Guide to Affordable Coverage

Explore top health insurance plans for an adult, check the benefits, and know the tips to choose affordable and comprehensive coverage.
Check Health Insurance Plans
3 min
20-January-2025
Finding the right health insurance plan as a single adult is a critical step toward securing your health and financial future. Individual health insurance plans offer tailored benefits that provide comprehensive coverage for medical emergencies, routine care, and more. This guide explores the ideal health insurance for one adult, including its benefits, features, and how to select the most suitable plan.

Why should you get health insurance as a single adult?

Health insurance is not just for families; single adults also need to protect themselves from unexpected medical expenses. Here’s why health insurance for an adult should be considered:

Financial protection: Covers the high cost of hospitalisation, treatments, and diagnostics, safeguarding your savings and assets.

Preventive care: Provides access to routine check-ups and screenings that promote long-term health and early detection of illnesses.

Peace of mind: Ensures that you are prepared for medical emergencies, eliminating stress about unplanned healthcare expenses.

Tax benefits: Premiums paid are eligible for tax deductions under Section 80D of the Income Tax Act, reducing taxable income.

Future healthcare security: Getting health insurance early helps you lock in lower premiums and guarantees protection even as healthcare costs rise.

Benefits of health insurance plans for individuals

Individual health insurance plans offer several advantages designed to meet the unique needs of single adults.

Customised coverage: Tailored policies ensure you only pay for the features you need, avoiding unnecessary costs.

Affordable premiums: Individual plans are typically less expensive than family health insurance plans, making them a budget-friendly option.

No claim bonus: Policyholders receive increased coverage for claim-free years, adding value and long-term benefits to the plan.

Comprehensive protection: Covers hospitalisation, pre- and post-hospitalisation expenses, critical illnesses, and more, ensuring holistic financial security.

Flexibility: Allows you to choose add-ons like OPD cover, critical illness riders, or wellness programs based on your specific needs.

How to choose the ideal health insurance for one adult

Selecting the right health insurance plan requires a balance between coverage, affordability, and benefits.

Evaluate coverage needs: Assess your health risks, lifestyle, and medical history to determine the coverage amount that meets your needs.

Compare premiums: Choose a plan that offers comprehensive coverage at an affordable premium while avoiding overly high co-payments.

Look for cashless treatment: Ensure the insurer has a wide network of hospitals offering cashless claims to ease your financial burden.

Add-on riders: Consider additional benefits like critical illness cover, maternity benefits, or wellness programs tailored to your requirements.

Renewability: Opt for a plan with lifetime renewability to secure consistent coverage as you age, and healthcare needs evolve.

Coverage options in individual health insurance plans

Individual health insurance plans include a variety of features to provide holistic coverage.

Hospitalisation expenses: Covers room rent, ICU charges, and treatment costs during hospitalisation.

Pre- and post-hospitalisation: Includes expenses for diagnostics, medication, and follow-ups related to hospitalisation.

Daycare treatments: Covers medical procedures that do not require an extended hospital stay, such as cataract surgery or dialysis.

Critical illness cover: Provides a lump sum benefit if diagnosed with a critical illness like cancer or heart disease.

Ambulance services: Reimburses transportation charges incurred during emergencies, ensuring timely medical attention.

Factors to compare when selecting health insurance for a single adult

When comparing individuals health insurance plans, focus on the following factors to make an informed decision:

Coverage amount: Ensure the plan offers sufficient coverage to meet rising healthcare costs, typically Rs. 5-10 lakh for single adults.

Premium affordability: Compare plans to find one that fits your budget while offering comprehensive features and minimal exclusions.

Network hospitals: Check if the insurer has an extensive network of hospitals for cashless treatments to make claims convenient.

Claim settlement ratio: Opt for insurers with a high claim settlement ratio to ensure hassle-free claims processing.

Co-payment and sub-limits: Avoid plans with high co-payment clauses or restrictive sub-limits on room rent and treatments.

Conclusion

Getting the ideal health insurance for an adult is a smart decision that protects your health and finances. By comparing features and understanding your needs, you can secure a plan that offers peace of mind and comprehensive coverage without overspending.

Frequently asked questions

What is the average premium for health insurance for 1 adult?
The average premium for individual health insurance plans depends on a variety of factors, coverage details, and the add-ons selected.

What coverage options should a single adult look for in health insurance?
Single adults should prioritise coverage for hospitalisation, preventive care, critical illnesses, and access to cashless treatment in network hospitals.

Are there health insurance plans designed specifically for single adults?
Yes, many insurers offer individual health insurance plans that are customised for single adults, providing essential features at affordable premiums.

Can single adults get health insurance with maternity coverage?
Maternity coverage is typically included as an add-on in health insurance plans. However, it comes with a waiting period, so plan ahead if you anticipate this need.

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Disclaimer

*T&C Apply - Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Life Insurance Corporation of India (LIC),Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Company Limited, HDFC ERGO General Insurance Company, TATA AIG General Insurance Company Limited, ICICI Lombard General Insurance Company Limited, New India Assurance Limited, Chola MS General Insurance Company Limited, Zurich Kotak General Insurance Company Limited , Star Health & Allied Insurance Company Limited, Care Health Insurance Company Limited, Niva Bupa Health Insurance Company Limited , Aditya Birla Health Insurance Company Limited and Manipal Cigna Health Insurance Company Limited under the IRDAI composite CA registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. Please refer insurer's website for Policy Wordings. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws.. Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product. Visitors are hereby informed that their information submitted on the website may also be shared with insurers. BFL is also a distributor of other third party products from Assistance Services providers such as CPP Assistance Services Pvt. Ltd., Bajaj Finserv Health Ltd. etc. All product information such as premium, benefits, exclusions, sum insured, value added services, etc. are authentic and solely based on the information received from the respective insurance company or the respective Assistance service provider company.



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