Health Insurance Plans are fundamental indemnity-based insurance products specifically crafted to offer financial support for medical expenses that arise due to hospitalization or critical illnesses. Health insurance in India functions as a contract between an insurance provider and a customer, ensuring coverage for medical bills in case of future injuries or illnesses leading to hospitalization. Health insurance encompasses medical expenses, covering hospitalization, treatment costs, surgeries, and various other medical expenditures. Typically, the top health insurance plans in India are affiliated with extensive networks of hospitals, ensuring policyholders have access to convenient cashless treatment. 

Factory insurance is an insurance policy that provides financial coverage to the factory owners against unforeseen loss or damage caused to the structure of the factory as well as the stored goods. However, it depends on the type of coverage the buyer has opted for. Factory owners should consider purchasing this insurance plan as it not only provides coverage for damages caused to the goods kept inside the premises but also outside the premises.

Contractors Plant and Machinery Insurance protects contractors and construction companies against financial losses due to damage or theft of their machinery and equipment. The insurance covers a wide range of construction machinery and equipment, including cranes, bulldozers, excavators, compressors, generators, and more. Additionally, the CPM policy covers third-party claims against bodily injury and property damage caused at the insured construction site during the policy tenure.