A. Indemnity Plan
Also called a Fee-for-Service Plan, an indemnity health insurance plan allows you to choose any doctor, hospital, or healthcare provider. Under this plan:

1. You pay the medical bills upfront.
2. Later, you file a claim to get reimbursed as per the policy’s coverage limits.
3. It provides greater flexibility and freedom of choice but usually involves more paperwork and higher out-of-pocket expenses.

B. Fixed Benefit Plan
A fixed benefit health insurance plan offers a predefined payout when specific medical events occur, such as hospitalization, surgeries, or diagnosis of a critical illness. Under this plan:

1. You receive a lump-sum payout regardless of the actual medical costs.
2. It ensures quick financial support and simplicity in claims.
3. However, it may not cover all expenses if actual treatment costs exceed the payout.