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Health Insurance Policy: Choosing the Right Plan for Your Family




Health Insurance Policy: Choosing the Right Plan for Your Family

When it comes to your family’s well-being, every little detail matters. From ensuring your kids get the best education to taking care of your aging parents and beloved spouse, nothing is too much. This holds especially true for their health. In times of need, having access to top-notch healthcare becomes paramount. And what better way to achieve that than through health insurance: “Health Insurance Policy: Choosing the Right Plan for Your Family?”

A health insurance plan shields you and your family from medical uncertainties, ensuring access to high-quality medical services without straining your finances. If you’re pondering the best health insurance plan for your loved ones, you’re not alone. In this article, we’ll simplify the intricacies of health insurance and help you choose the ideal plan to protect your family’s health.

What is Health insurance policy?

A health insurance policy is a contract between an individual and an insurance company that provides financial coverage for medical expenses. In exchange for regular premium payments, the insurance company helps cover the costs of healthcare services, such as doctor’s visits, hospital stays, prescription medications, and preventive care. This agreement can be renewed on a regular basis (like annually or monthly) or even last for your entire life when it’s private insurance. In some countries, it may be mandatory for all citizens.

The specific coverage and terms of the policy can vary widely, so it’s important to understand the details of your health insurance plan, including its benefits, deductibles, co-pays, and network of healthcare providers. The details of your healthcare plan will be clearly outlined in a written document, which could be a member contract or an “Evidence of Coverage” booklet for private insurance, or in a national health policy for public insurance. Getting a healthcare insurance for your loved ones can save you from potentially high costs of medical treatments in the future.

Why You Need an Health Insurance Plan?

One key reason is the increasing prevalence of lifestyle diseases and their costly treatments. Additionally, unexpected accidents or other medical emergencies can arise. When facing a medical crisis, the financial burden is substantial, particularly because it cannot be delayed or overlooked.

Medical costs can strain your finances and interfere with your financial objectives. This is due to the continual rise in medical inflation, resulting in increasingly expensive treatments, often estimated at around 15% annually. To handle such expenses, having a health insurance plan is crucial. These plans cover the costs of hospitalization, providing essential financial support during medical emergencies and safeguarding your savings.

Types of Health Insurance Plan

There are several types of health insurance plans that cater for various needs, however, in this article we will be discussing the 5 main types of insurance plan:

Individual Health Insurance

This plan covers you, your spouse, children, and parents individually. It includes expenses like hospitalization, daycare procedures, and room rent. Each person has their own sum insured.

Key Features: Comprehensive coverage for various medical expenses, such as hospitalization and daycare procedures, with each member able to claim up to their specified sum insured.

Family Floater Health Insurance

This option allows you to cover your entire family under one policy with a shared sum insured. It’s cost-effective plan for nuclear families as it insures your entire family. This plan covers an entire family under one policy, with a shared coverage amount among family members.

Key Features: Cost-effective option for young nuclear families, enabling multiple members to make claims up to the total sum insured in a policy year

Older Citizens Health Insurance

Designed for older individuals, these plans address senior-specific medical needs. They may cover domiciliary hospitalization and psychiatric benefits but might require medical check-ups. These policies tend to be pricier due to the higher health risk associated with aging.

Key Features: Specifically designed for the older citizen. Additional benefits, including coverage for domiciliary hospitalization and psychiatric care, with a requirement for a thorough medical check-up and potentially higher premiums.

 Critical Illness Insurance

This type is tailored to cover specific severe illnesses like cancer, stroke, kidney failure, and cardiac diseases. You can buy it as an add-on to your regular health insurance or as a standalone plan. It provides a lump-sum payment upon the diagnosis of a critical illness.

Key Features: This policy offers coverage for severe illnesses, providing a lump-sum payment upon diagnosis of specific critical conditions. It can be purchased as an add-on or standalone policy, focusing on diseases like cancer, stroke, and kidney failure, which require expensive and long-term treatment.

Group Health Insurance

This type of plan is usually purchased by employers or group managers for a large number of individuals, like employees or building residents. They are usually cost-effective but offer coverage for basic health issues. Employers often use these as an employee benefit.

Key Features: Cost-effective option with basic coverage, often adopted as an additional benefit by employers for their employees or by community organizations for their members.

How to Choose the Right Health Insurance Plan For Your Family?

Planning health insurance for your family requires careful consideration. Here are some essential steps to help you make the right decision:

  1. Choose the right type based on your family’s specific needs. For instance, consider a family floater policy if there are no existing medical conditions, but opt for individual health insurance for specific family members with medical conditions.
  2. Select an adequate sum insured that covers current and future requirements, considering inflation and potential health changes.
  3. Opt for a plan with lifetime renewability to ensure continuous coverage as you age.
  4. Look for a plan with comprehensive coverage that includes all necessary medical expenses, considering options like consumables coverage.
  5. Be aware of financial limitations and restrictions, including room rent limits, treatment limitations, benefit limitations, and copay clauses, and choose a policy with minimal restrictions.
  6. Look for policies with value-added benefits such as sum insured restoration, no-claim bonuses, free health check-ups, and second medical opinions.
  7. Consider riders or add-ons to enhance the scope of coverage, such as critical illness or maternity add-ons.
  8. Understand the exclusions in the policy and clarify any doubts about treatments not covered.
  9. Be mindful of waiting periods for specific treatments or surgeries.
  10. Compare premiums from different insurers to find a policy that suits your budget and needs.
  11. Ensure that the policy includes coverage at network hospitals for convenient cashless treatments.
  12. Before finalizing, check the track record and reputation of the insurance company, including claim settlement history, efficiency, and customer satisfaction.

Benefits of Health Insurance Policy

Health insurance policies offer several benefits, including:

  1. Financial Protection: Health insurance helps cover the cost of medical expenses, reducing the financial burden on individuals and families.
  2. Access to Healthcare: It provides access to a network of healthcare providers, ensuring timely medical care.
  3. Coverage for Hospitalization: Health insurance covers expenses related to hospitalization, such as room charges, surgeries, and medications.
  4. Emergency Care: Health insurance provides coverage for emergency medical situations, which can be crucial in critical times.
  5. Maternity and Childcare: Some policies offer maternity benefits and coverage for pediatric care.
  6. Chronic Condition Management: Some health insurance plan cover treatments and medications for chronic conditions.
  7. Additional Benefits: Some policies offer add-ons like dental and vision care, wellness programs, and alternative therapies.
  8. Tax Benefits: In many countries, paying for health insurance can result in tax deductions or benefits.

Having a health insurance policy in place can provide peace of mind, as you’re prepared for unexpected medical expenses.


Choosing the right health insurance [i] plan for your family is a critical decision that directly impacts your well-being and financial security. By carefully considering your family’s specific needs and following essential steps as outlined in this article, you can make an informed choice on the best plan for your family.

If you have any questions or need further information, please feel free to drop your inquiries in the comment box below. We’re here to help you make the best decision for your family’s health and future. Your well-being matters, and we’re committed to assisting you in every way possible.

Frequently Asked Questions (FAQs)

A family floater insurance plan is often considered the best choice for families. It allows you to cover your entire family under a single plan, offering the convenience of shared coverage. This type of plan can be purchased from a reputable insurance company, ensuring medical coverage for your entire family during unforeseen emergencies.

The waiting period in health insurance plans is a specified duration that precedes the full coverage of the policy. During this waiting period, you are only covered for certain illnesses as defined in your plan, while others may not be covered.

Selecting the appropriate sum insured for your health insurance plan involves considering your family’s current and future healthcare needs, factoring in inflation and potential health changes.


Network hospitals are medical facilities or healthcare providers that have an agreement with your insurance company to provide cashless treatments to policyholders. They are crucial because they allow you to receive medical care without upfront payments. Your health insurance plan must include coverage at network hospitals for convenience during emergencies.

Yes, many health insurance policies offer the option to add specific coverage for critical illnesses, maternity, or other conditions as riders or add-ons. This allows you to enhance the scope of your coverage to suit your family’s unique health needs. Be sure to inquire with your insurance provider about the availability of these add-ons.

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Apply for WAAW Foundation Scholarship: Only for Female Africans




Apply for WAAW Foundation Scholarship: Only for Female Africans

If you’re a female student from Africa with a passion for learning and a dream to make a difference, the WAAW Foundation Scholarship might just be the opportunity you’ve been waiting for. The WAAW Foundation is excited to announce its 2023/2024 undergraduate scholarship for female African students pursuing careers in Science, Technology, Engineering, and Mathematics: “Apply for WAAW Foundation Scholarship: Only for Female Africans.”

The foundation, a U.S.-based non-profit operating in several African countries, is dedicated to increasing the number of African girls in STEM fields. They offer scholarships, mentorships, and training programs to empower young women and teachers in STEM. In this article, we’ll guide you through the simple steps to apply for the WAAW Foundation scholarship.

About WAAW Foundation Scholarship

The Working to Advance STEM Education for African Women (WAAW) Foundation is a non-profit that empowers African women through education in science, technology, engineering, and math (STEM). The foundation provides scholarships, mentorship, and resources to support women in STEM careers across Africa. The WAAW Foundation Scholarship lets female college students in Africa pursue STEM studies, allowing them to focus on academics and give back to their community through the STEM Outreach Chapter at their university. The foundation awards annual STEM scholarships to full-time students in African universities who demonstrate need, and recipients are encouraged to start a STEM Outreach Chapter at their university.

Who is Eligible?

To qualify for the WAAW Foundation scholarship, you should be:

  1. A female student from Africa, studying and residing there.
  2. Currently enrolled in a Bachelor’s degree program.
  3. Pursuing STEM courses at a university or college in Africa.
  4. In your first or second year, or third year for a 5-year program.
  5. Able to show financial need, with special consideration for underprivileged students like orphans or those affected by HIV.
  6. Holding an impressive academic record.
  7. Demonstrating leadership, volunteering, and community service.
  8. Below 32 years of age.
  9. Eligible courses include Science, Technology, Engineering, and Mathematics (STEM).

Please note that WAAW doesn’t fund diploma, polytechnic, graduate (masters, MBA, or PhD) programs, second or subsequent degrees, students over 32 years old, or non-STEM-focused courses.

How to Apply

Follow these simple steps to apply for the WAAW Foundation scholarship:

1.     Online Application (Stage 1):

  • Fill out the online application form.
  • Make sure to submit your application within the specified window.

2.     Submission Requirements:

  • Write essays detailing your future career goals and how the WAAW scholarship will support them.
  • Provide two letters of recommendation if shortlisted.

3.     Additional Submission for Shortlisted Candidates:

  • Shortlisted candidates must send current University transcripts directly to WAAW Foundation by January 2024.

4.     Zoom Interview (Stage 2 for Shortlisted Candidates):

  • If shortlisted, you’ll be invited for a Zoom interview.
  • Submit 2 reference letters from your Head of Department and Lecturer academic mentors.
  • Provide recent academic transcripts.

5.     Final Stage (Stage 3 – Successful Skype Interview):

  • If successful, you will be awarded the scholarship, contingent upon submitting relevant documentation.

NOTE: The WAAW Foundation will start accepting online applications from September 04, 2023.


Students who win the scholarship get $500 in their local currency for the 2024 academic year. They also get to join a mentorship program for support in their academic and professional journey, plus a chance to connect with peers, professionals, and industry leaders who share similar interests.


Applying for the WAAW Foundation Scholarship for Female African Students is a valuable opportunity to pursue your educational dreams. Follow the outlined steps, share your aspirations, and showcase your academic achievements. Remember, success may just be a click away. Best of luck on your scholarship journey!

Frequently Asked Questions

The WAAW Scholarship Program supports young African women pursuing STEM education at the undergraduate level.

The WAAW Foundation scholarship is a one-time award of $500.

Only STEM (Science, Technology, Engineering & Mathematics) related courses are accepted. Medical and Nursing students cannot apply, but pharmacy students are eligible.

You need to submit 2 reference letters from your referees, 1 signed and sealed copy of your current university transcript, and 1 scanned copy of your school ID card.

Winning depends on the strength of your application. It’s a competitive process, so ensure your application showcases your academic achievements, leadership skills, and commitment to STEM.

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How To Apply For The UBA National Essay Competition




How To Apply For The UBA National Essay Competition

The UBA National Essay Competition happens every year and is focused on senior secondary students in Nigeria. It’s organized by the UBA Foundation to support literacy and intellectual growth, aiming to boost the reading habits of young people. The competition offers a platform for talented students to participate in a stimulating contest, not just in Nigeria but across Africa: “How To Apply For The UBA National Essay Competition.”

If you enjoy writing, here’s your opportunity to showcase your skills and possibly win a prize. In this guide, we’ll walk you through the application process for the UBA National Essay Competition. Make sure to check the requirements and confirm your eligibility before applying. Keep reading for the full details of the competition.

About UBA National Essay Competition

The UBA National Essay Competition is an annual event for senior secondary students in Nigeria, organized by the UBA Foundation. With a focus on promoting literacy and intellectual development, the competition encourages a love for reading among the youth. It provides a platform for bright minds to engage in healthy competition, not only within Nigeria but also across the African continent. Participants stand a chance to win scholarships and other exciting prizes, making it a valuable opportunity for intellectual growth and recognition.

Every year, the UBA Foundation organizes the National Essay Competition for senior secondary students in Nigeria. It’s part of their education initiative to boost the reading culture and foster healthy competition among high school students in Nigeria and Africa. The essay topic revolves around the digital age and challenges students to reflect on the balance between human ingenuity and machine intelligence. If you have a passion for writing, participating in this competition is a great opportunity to showcase your skills and potentially win a prize.

Who is Eligible?

Eligibility Requirements:

  1. This competition is open to Nigerian senior secondary students.
  2. Provide a clear passport photograph.
  3. Verify your identity with a digital copy of a valid identification document, such as a birth certificate, National ID, or passport.
  4. Participants must be senior secondary school students.
  5. Submit a handwritten essay with a maximum of 750 words.
  6. Include a passport photograph in your submission.
  7. Scan and submit a copy of your birth certificate, National ID, or international passport for verification.

Prizes to be Won

The prizes to be won include:

  • 1st Prize: A substantial educational grant of N5 million for the student’s preferred African University.
  • 2nd Prize: N3 million designated for educational expenses at any respected African University.
  • 3rd Prize: An educational grant of N2.5 million for enrollment in a top-tier African University.

How to Apply

To apply for the UBA National Essay Competition, follow the steps below:

  1. Documentation: Upload a digital copy of your original birth certificate or the data page of your international passport.
  2. Essay Submission: Upload an authentic handwritten essay, keeping it within 750 words, on the designated portal.
  3. Submission Deadline: Don’t forget the date – Friday, October 20, 2023. Unfortunately, submissions after this date won’t be considered.

For more details, visit the UBA Essay Competition website. The judging panel consists of professors from reputable Nigerian Universities. The top 12 finalists, chosen by the professors, will receive consolation prizes, including personal computers. These finalists will then write another supervised essay, and the top three winners will be announced at the grand finale in November at UBA’s head office in Lagos, Nigeria.


The topic for this year’s UBA National Essay Competition is: “Can Artificial Intelligence (AI) surpass Human Intelligence? How can students ensure that AI enhances rather than replaces their learning abilities through research?

Ensure to thoroughly research, write, scan, and submit your handwritten essays via the digital portal by October 20, 2023. The top 12 essayists will receive brand new laptops and other educational tools to support their studies and tertiary research endeavors.


The UBA National Essay Competition stands as a commendable initiative by the UBA Foundation, contributing significantly to the intellectual development and literacy promotion among senior secondary students in Nigeria. The competition not only provides a platform for talented youths to showcase their writing skills but also addresses critical issues in the digital age, stimulating thoughtful reflection on the interplay between human ingenuity and machine intelligence. With substantial educational grants and other exciting prizes at stake, participants have the opportunity not only to win recognition but also gain financial support for their academic journeys.

Frequently Asked Questions (FAQs)

The competition is open to Nigerian senior secondary students.

Requirements include submitting a handwritten essay within 750 words, providing a clear passport photograph, and verifying identity with a digital copy of a valid ID card.

The topic is: “Can Artificial Intelligence (AI) surpass Human Intelligence? How can students ensure that AI enhances rather than replaces their learning abilities through research?”

The winners will be announced at the grand finale in November.

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How To Apply For Mudiame Foundation Scholarship Award




How To Apply For Mudiame Foundation Scholarship Award

Are you looking to further your education in Nigeria without breaking the bank? If so, then discovering and applying for scholarships can be a game-changer for you. The Mudiame Foundation presents an extraordinary opportunity for dedicated students facing financial barriers to achieve their educational dreams and goals. With an impressive N250 million scholarship fund specifically designated for young and promising students across the country, this initiative holds the promise of transforming lives: “How To Apply For Mudiame Foundation Scholarship Award.”

As the deadline for Mudiame Foundation scholarship swiftly approaches, it’s important for all interested applicants and dedicated students to start sending their applications in other to grab this amazing scholarship. In this article, we’ll walk you through the steps on how to successfully apply for Mudiame Foundation scholarships in Nigeria, making the pursuit of your academic dreams a bit more affordable.

About Mudiame Foundation Scholarship

The Mudiame Foundation Scholarship is an initiative aimed at supporting education by providing financial assistance to deserving students. Founded by Prof. Sunny Eromosele Eboh, the foundation aims to empower underprivileged students by providing financial assistance for their academic pursuits. The scholarship is often awarded based on academic merit, financial need, and a commitment to community service.

The Mudiame Foundation is providing a fantastic 250 Million Naira scholarship fund for talented individuals who might be held back by financial challenges in pursuing their academic dreams. This generous offer aims to help financially disadvantaged students attend Mudiame University, a recently accredited private tertiary institution in Edo State, Nigeria. The university offers a variety of programs including engineering, business, arts, sciences, and education. Through the Mudiame Foundation Scholarship, you can receive a full tuition scholarship along with accommodation and allowances.

Scholarship Requirements

To apply for the Mudiame Foundation Scholarship, you need meet the following criteria:

  1. Score a minimum of 5 Credits, including Math and English in your O’Level (WAEC, NECO, GCE, etc.) results.
  2. Apply for a degree program at Mudiame University in JAMB
  3. Take the JAMB UTME (Unified Tertiary Matriculation Examination) and get a good score
  4. Ensure you choose Mudiame University as your first choice or be open to switching once you get the scholarship.
  5. Send in your scholarship application on or before the due date.

Documents Required for Mudiame Foundation Scholarship Application

When applying for the 2023 Mudiame Foundation Scholarship, make sure you’ve got these documents ready to go:

  1. Your personal details
  2. A passport photograph
  3. O’Level results (WAEC, NECO, GCE, NCE, HND, ND, etc.)
  4. JAMB slip
  5. JAMB original result
  6. A valid ID card (NIN, Voter’s card, Driver’s license)

Application Procedure

To apply for the Mudiame Foundation Scholarship, eligible candidates are encouraged to submit their applications through the official platform of Mudiame University. Take note that submitting multiple applications might result in disqualification, so proceed with caution. The application deadline for this year’s Mudiame Foundation Scholarship is set for September 22nd, 2023. For a seamless application process, please ensure you follow the submission guidelines closely. After submitting your application, make sure to look out for a confirmation message to ensure it went through successfully. For more details and to start your application journey, visit Mudiame Foundation Scholarship Platform.

Mudiame Scholarship Benefits

The Mudiame Foundation scholarship provides successful candidates with a generous N250,000,000 for their education. If you receive this scholarship, you can pursue your undergraduate degree at Mudiame University without worrying about tuition, accommodation, or living expenses. The N250,000,000 covers not only tuition but also accommodation and living stipends, ensuring that financial concerns won’t hinder your academic journey.

Scholarship details:

Scholarship Name: Mudiame Foundation Scholarship Award

  • Amount: N250,000,000
  • University: Mudiame University
  • Deadline: On or before September 22, 2023
  • Screening: The scholarship screening exercises will take place in Abuja, Edo (Irrua), Lagos, and Port-Harcourt.


Applying for the Mudiame Foundation Scholarship Award is a valuable opportunity to unlock the doors of education for those in need. The Mudiame Foundation Scholarship aims to assist students in overcoming financial obstacles and pursuing their academic dreams.  By following the straightforward application process outlined in this article, you take a significant step toward realizing your academic aspirations. Remember, education is a powerful catalyst for positive change, seize this chance, and may your journey toward a brighter future be filled with success and growth.

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