Huge number of private medical insurance companies are growing up in the indian market. The main aim of these private medical insurance companies is to provide innovative healthcare solutions to the indian citizens. By ensuring the quality of their products these private medical insurance players are doing good. There are plenty of cheap insurance plans available which can give you a piece of mind. Basically they are of two types. first one is basically cover with moratorium underwriting. second is covered with full medical underwriting. The choice of hospitals will be provided by your insurer. Most of them would be private.