Get <strong>₹5 Lac</strong> Health Insurance starts <strong>@ ₹200/<span>month*</span></strong>
Get ₹5 Lac Health Insurance starts @ ₹200/month*
Get ₹5 Lac Health Insurance starts @ ₹200/month*
250+ Plans 18 Insurance Companies
₹ 5 Lakh Coverage @ ₹ 10/day
7 Lakh+ Happy Customers

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply

Health Insurance vs Personal Accident Insurance: Know the Difference

Both health insurance policies and personal accident insurance policies help us in dealing with medical emergencies. Health insurance provides comprehensive coverage that can offer accident insurance cover also. But personal accident cover is only limited to accident-related hospitalization expenses. Both the policies vary in terms of coverage, features, sum insured, etc.

So, before you make a purchase it’s important to understand the difference between the two. Read on to know more about health insurance and personal accident insurance in detail.  

Personal Accident Insurance vs. Health Insurance

Check out the below table to know the differences between Health Insurance and Personal Accident Insurance:

Parameter

Health Insurance

Personal Accident Insurance

Coverage

Covers various medical expenses

Covers injuries/illness specific to an accident

Nature of the Plan

Comprehensive cover

Add-on cover

Scope of Cover

Wider

Limited

Is an additional premium required?

Only for add-on covers

Yes, as this is an add-on  cover

Option to buy add-on cover

Yes

No

Tax benefit cover

Yes

No (only on the base plan)

Pre-existing disease cover

After waiting period cover

N/A

Maternity cover

As an add-on cover

N/A

Collision cover

Hospitalization

Full coverage

Critical Illness cover

As an add-on cover

N/A

Waiting period

9 months to 4 years

N/A


Health Insurance

As the name suggests health insurance policies cover the overall medical expenses incurred by the policyholder. Medical coverage is provided for various illnesses including COVID-19 treatment, maternity expenses, cancer, daycare treatments, etc.  

From routine illnesses to critical illnesses a wide-range of hospitalization expenses are covered except for some treatments that are beyond the scope of cover. You can choose from different health insurance options that are:

  1. Individual Health Insurance Plans- Coverage is provided to one individual, i.e. the policyholder, who gets medical insurance cover against the premium paid.
  2. Family Floater Health Insurance Plans- In family floater policy coverage is provided to an individual, where he/she can include his family members including spouse, children, and parents.
  3. Senior Citizen Health Insurance Plans-Such plans are designed to offer medical cover to elderly people above the age of 60 years.
  4. Coronavirus health insurance Plans- You can choose COVID specific health from any of the health insurers. Or you can buy Corona Kavachand Corona Rakshak health plans.
  5. Critical Illness Insurance Plans- A critical illness policy covers major illnesses such as cancer, tumor, liver ailments, kidney failure, cardiovascular diseases, etc.
  6. Top-Up Health Insurance Plans-You can buy top up health plans along with your current health plan and once its threshold limit is over, you can utilize this one over and above your base medical insurance coverage amount.

While purchasing a health insurance policy, the insurer would require some data including your medical history to assess the risk involved. Based on the type of policy (individual health plan, family floater, top-up plan, senior citizen health plan, and women-specific health plans) the policy premium is decided.

You can avail cashless hospitalization benefit at the network hospitals, which means that the insurance company settles the bill directly with the hospital and you don’t need to spend any money ( unless there is any sub-limit or deductible clause).

Not only this, even accidental medical expenses are covered under the basic health insurance plans. And after the COVID-19 pandemic, a health insurance policy has become more than inevitable. It helps the insured and their family members in availing the best medical treatment without draining their savings.

So, do you need Accident cover if you already have Health Insurance?

What is Personal Accident Cover in Health Insurance?

Personal accident insurance covers hospitalization expenses incurred on accidental treatment. These plans are designed specifically to help people pay for their medical emergencies arising after an accident. Therefore, under any circumstances, these policies should not be replaced by your regular medical insurance plans.

Under accidental insurance, the policyholder gets complete insurance protection against accidental injuries and wounds. Also, there are multiple add-on covers under accidental insurance that the policyholder can avail of.

Sum Insured

The sum insured in health insurance plans can range from Rs 3 lakh to Rs 1 Crore and even higher. While the limit for personal accident health insurance plans is up to Rs 50 lakh in most cases.

Premium

The premium for health insurance plans is usually on the higher side. Whereas, a personal accident insurance policy is cheaper than a health insurance policy as it offers limited coverage benefits/

In a Nutshell

As now you know the difference between the two, you can buy either of them as per your requirement. For more details, you can speak to our health insurance experts and find the best medical policy to insure yourself and your loved ones during these vulnerable times. If you need any more details you can write to us at This email address is being protected from spambots. You need JavaScript enabled to view it. or call us at 1800-708-8787.

Written By: PolicyBazaar - Updated: 09 June 2021
Search
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

You May Also Want to Know About

Top Maternity Insurance Plans

Top Maternity Insurance Plans

Top Maternity Insurance Plans Maternity or pregnancy is an important phase of life, and one needs to prepare in advance to embrace parenthood. Though rearing a child is an expensive affair and may require good financial backup to meet the requiremen...
Health Insurance Claims Ratio- Things You Should Look Before Buying Health Insurance

Health Insurance Claims Ratio- Things You Should Look Before Buying Health Insurance

There has always been a doubt in customers mind about whether the private company will keep its side of the bargain i.e. it will settle the claim or not. A customer spends premium annually which will cover his medical expenses but there’s always ...
Best Health Insurance Plans for Senior Citizens in 2021

Best Health Insurance Plans for Senior Citizens in 2021

Considering the increasing percentage of medical inflation in India, it has become an absolute necessity to buy adequate health insurance for your loved ones. And if they are your elderly parents, then it is all the more imperative to get them medi...
Covaxin vs. Covishield vs. Sputnik vs. Pfizer: Which one should you get?

Covaxin vs. Covishield vs. Sputnik vs. Pfizer: Which one should you get?

In India, more than 100 million people have received the COVID jab of two approved vaccines i.e. Covaxin and Covishield. Amid the deadly second coronavirus wave, a third COVID-19 vaccine has been approved for use in India. Russia's Sputnik V is co...
Here’s the Difference between Health Insurance and Mediclaim

Here’s the Difference between Health Insurance and Mediclaim

Imagine you’re looking for a job change. You get an interview call for a job. What will be your plan of action? Will you get your resume ready and prepare for the interview or you will try to extract all the possible information about the job pro...
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL