Knowledge Bank > Financial protection > The right health insurance policies for you
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01: Introduction

Choosing the right health insurance policy is not just about buying cover at the cheapest price. Getting peace of mind that you have the right cover should you suffer a health problem is just as important – perhaps even more so.

The main types of health insurance needs involve covering:

  • The cost of private medical care. This can be met through private medical insurance.
  • Everyday health costs such as dentistry, optical care and hospitalisation. Health cash plans meet these needs.
  • The financial costs associated with being diagnosed with a very serious, or critical, illness or condition. Critical illness insurance covers this need.
  • Being unable to work long term because of illness or disability. Income protection provides this type of cover.
  • Being unable to work for a few weeks or months because of illness, disability or unemployment. Accident, sickness and unemployment – also called PPI – can meet this need.
  • The cost of long term care, for you or a relative. A range of solutions may help here.
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