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Micro health insurance benefits
Mar 27, 2023

What is Micro Health Insurance and How is It Beneficial For You?

In recent times, there has been a form of medical insurance designed to provide financial protection to low-income individuals and families. This medical insurance is known as micro health insurance. India, with its large population and high incidence of poverty, has been a pioneer in the development of these programs. In this article, we will discuss the benefits of this plan in India and its importance.

What is Micro Health Insurance?

Micro health insurance is a form of health insurance that provides financial protection to low-income individuals and families. This type of insurance is typically designed to cover basic healthcare needs and is affordable for those living in poverty. These insurance policies are often tailored to meet the specific needs of the population they serve, with premiums and coverage amounts adjusted accordingly.

Importance of Micro Health Insurance in India

India has a high incidence of poverty, and it is common to come across many individuals and families who struggle to access basic healthcare services. This is particularly true in rural areas, where there are often few healthcare providers. Furthermore, there is limited access to medical facilities in these areas. Micro health insurance is essential in India because it provides financial protection to those who cannot afford to pay for healthcare out of their pockets. By offering affordable health coverage, the programs under these policies help to ensure that people have access to the medical care they need.

Benefits of Micro Health Insurance in India

  1. Increased Access to Healthcare

Micro health insurance policies in India have helped to increase access to healthcare for many people. By providing financial protection, these programs make it possible for individuals and families to seek medical care when they need it, without worrying about the cost. This is particularly important in rural areas, where access to healthcare is limited.
  1. Financial Protection

Micro health insurance provides financial protection to low-income individuals and families. This type of insurance can help to cover the cost of medical care, including hospitalisation, surgery, and medication. By providing this financial protection, micro health insurance programs ensure that people do not have to choose between their health and their financial well-being.
  1. Improved Health Outcomes

Micro health insurance programs have been shown to improve health outcomes for those who participate. By increasing access to healthcare and providing financial protection, these programs make it possible for people to seek medical care when they need it. This can lead to earlier diagnosis and treatment of illnesses, which can improve health outcomes in the long run.
  1. Affordable Premiums

Micro health insurance policies are designed to be affordable for low-income individuals and families. Premiums are typically set at a level that is affordable for those living in poverty, which makes it possible for more people to participate in these programs. This affordability is critical because it ensures that those who need healthcare coverage the most can access it.
  1. Customised Coverage

Micro health insurance policies are often tailored to meet the specific needs of the population they serve. This customisation can include coverage for specific illnesses, procedures, or services. This can be quite helpful as many times, low-income individuals may not have the resources to finance the treatment for a medical ailment they may have. By providing customised coverage, these programs can ensure that people have easy access to treatment for their health issues.

Things to remember about micro health insurance

These are some of the things you need to remember before you invest in this plan:
  1. Due to its nature, the sum insured you are offered in the plan is limited. It mostly ranges from Rs.1 Lakh to Rs.5 Lakh. *
  2. A majority of the plans offered are focused on people who are in the low-income category. So, you may need to check the eligibility before you opt for the plan. *
  3. Usually, these plans have an age restriction of up to 65 years of age. If you have parents who are above the age of 65, you may consider buying a different plan. *
  4. Compare health insurance plans to see which plan offers you better options in terms of coverage and additional benefits.


By providing financial protection, increasing access to healthcare, and improving health outcomes, micro health insurance programs can transform the lives of people. These programs have made it possible for low-income individuals and families to access the medical care they need, which has led to better health outcomes and improved quality of life. Before you opt for any kind of plan, make sure you use the health insurance premium calculator. Based on the parameters you select, you are presented with a quote for the policy you are looking for in the calculator. This can help you select a plan within your budget. *Standard T&C apply Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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