Health Insurance for Self-Employed

Health insurance coverage policy for self-employed professionals is health insurance coverage that provides protection against accidental emergencies that require medical treatment and hospitalization. Self-employed workers are professionals who do not work in a public or private sector; hence they are not entitled to group employee cover.

Such individuals work as free-lancers, businessmen, entrepreneurs, sole-proprietorship, firms, partners, unorganized workers, farmers, labor sector, blue-collared workers, taxi & rickshaw drivers, domestic servants, retailers, small traders, and much more.

If you are self-employed, it is advisable to buy a comprehensive health insurance coverage policy for yourself and your family. It will protect your hard-earned savings and income from any type of medical emergency that requires hospitalization.

Even if you are not employed as a salaried individual, you will not be entitled to the benefits of group cover. This does not mean that you cannot avail of good healthcare.

Here are the key benefits of having a healthcare plan if you are self-employed:

• Premium paid towards a medical plan is eligible for tax deduction under Section 80D of the Income Tax Act, 1961.

• Comprehensive cover for yourself. You can also purchase a family floater plan and cover your entire family.

• Excellent medical cover at the cost of an affordable premium

• Option to compare, buy and renew health insurance online in minutes

• Your life will become stress-free; financial planning will be beneficial in the long run.

• You can access the best of cashless network hospitals across India.

• You can also avail the reimbursement facility.

• Covers pre/post-hospitalization expenses and in-patient hospitalization expenses

• Comes with AYUSH benefit

• A large sum insured takes care of expensive hospital bills and counters medical inflation.

As a self-employed person, you are free to purchase an individual comprehensive health insurance coverage policy from any of the general insurance companies in India. An individual healthcare or mediclaim policy will be specific to you, while a family floater policy will provide comprehensive coverage for each member of your family (spouse, children, and parents)

How to Buy the Best Health Plan if you are Self-Employed?

*Here is a list of things to consider before making the final decision to buy a health insurance policy.**

• Type of plan and scope of cover

• No of family members to be covered

• Premium payment term and policy term

• Flexibility in premium payment options

• Exiting liabilities and outstanding debts

• Beneficiaries, nominees other than blood-relatives

• Ensure that there a lifelong renewal option

• Make sure that COVID-19 related expenses are covered

• Customization options with rider add-ons

• Health policy portability option

• A high sum insured at the cost of an affordable premium

• High claim settlement and incurred claims ratio

• List of exclusions and inclusions

• National Insurance Health Plan For Senior Citizen | National Health Claim Process | National Health Insurance Plan For Individual
• National Health Insurance Plan For Family | National Corona Kavach | Income Tax Benefits On Health Insurance
• Importance Of Esic Account | Children Health Insurance
• Aditya Birla Health Insurance Cancer Shield Plan | Apollomunich Health Insurance Health Wallet

Here is a list of top individual insurance plans in India for self-employed professionals along with the sum insured and a list of cashless hospitals. Get more details online on Coverfox.

The information given above has been sourced from the official website of the respective insurance providers. (Last updated on 11.11.2020)

Here is a list of India's top family healthcare policies for self-employed professionals, along with the maximum age at entry and sum insured. Get complete details on Coverfox.

Disclaimer: The information given above has been sourced from the official website of the respective insurance providers. (Last updated on 11.11.2020)

In Simple Words,

You can buy yourself a comprehensive individual mediclaim cover plan even if you are self-employed. With Coverfox, get the best Health Insurance policy/plans at the click of a button, online within 2 minutes.