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Updated on Dec 26, 2023
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Good health directly impacts the stability and happiness of the entire family. It fosters both physical and emotional well-being. If the health of even a single family member is disturbed, it destroys the harmony in the family. In this post, we discuss the top family health insurance plans in India in 2024 to help you choose the best health policy for your family.
With the rise in the number of new and deadly diseases, hospital visits have increased. And this has increased the healthcare costs for different treatments in the country. The enhanced expenses in treatment have emptied your pockets while paying towards the various healthcare expenses. Thus, to keep your savings intact, you must seriously contemplate getting comprehensive family health insurance coverage. This will allow you to avail of cashless treatments in case of any medical emergency.
Let us look at the top family health insurance policies in 2024 offered by different insurance companies in India.<h2
A Family Health Insurance Plan is a healthcare policy that caters to the needs of all family members. Hence, these policies protect all your loved ones under a single coverage and allow you peace of mind in terms of the health of your loved ones. Most of these policies cover your spouse and your dependent children, while others cover your parents and parents-in-law’s healthcare costs too.
Here are the key features of a family floater health insurance policy in India:
Features | Individual health policy | Family health policy |
Plan | One individual is covered under the plan | It covers all the members of a family under one policy |
Coverage | The sum insured covers the healthcare costs of the individual policyholder | The sum insured is shared among all the members insured under the policy |
Benefits | The individual receives extensive coverage | An affordable option for multiple-member coverage |
Cons | Expensive policy | Affordable as compared to individual plan as the sum insured is shared by all members |
Plan Name | Sum Insured (SI) | Benefits |
Niva Bupa Health Plus plan | Up to INR 10 lakh | – Cover pre- and post -hospitalization expenses for up to 30 and 60 days respectively
– Covers daycare treatments and domiciliary costs – Covers expenses for organ transplant |
Manipal Cigna Pro-Health Group plan | Up to INR 10 lakh | – Available with and without co-pay
– Covers daycare treatments and domiciliary cost – Covers AYUSH treatments |
Bajaj Allianz Health Guard plan | Up to INR 50 lakh | – Offers contemporary methods of treatments
– Covers diseases like bariatric surgery, maternity costs, organ donor process, etc. |
Aditya Birla Group Active Health Plan | Up to INR 10 lakh | – Covers diseases like Asthma, BP, cholesterol, and diabetes
– Cover pre- and post -hospitalization expenses for up to 30 and 60 days respectively – Also covers 527 daycare treatments |
Below are some of the best health insurance plans you can avail of to cover your entire family.
Family health company |
Health Insurance Plan |
Sum assured (INR) |
Care Health Care Insurance Plan |
Care Health Insurance Plan | 4 Lakh- 6 Crore |
Bajaj Allianz Health Insurance | Bajaj Allianz Family Floater Health-Guard |
1.5-50 Lakh |
Aditya Birla Health Insurance |
Aditya Birla Activ Health Platinum Plan |
2 lakh – 2 Crores |
Bharti AXA Health Insurance |
Bharti AXA Smart Super Health Insurance Policy |
5 Lakh- 1 Crore |
Edelweiss Health Insurance |
Edelweiss Family Floater Health Insurance Plan |
5 Lakh-1 Crore |
Niva Bupa Health Insurance |
Niva Bupa Companion Family Health Insurance Plan |
Silver plan – 3-15 lakhs Gold plan – 3-50 lakhs Platinum plan – 15-50 lakhs |
Raheja QBE Health Insurance |
Raheja Health QuBE Plan | 1-50 Lakh |
SBI Health Insurance | SBI Arogya Premier Policy |
10-30 Lakh |
Manipal Cigna Health Insurance |
Manipal Cigna Family Floater – ProHealth Protect Plan | 2.5- 50 Lakh |
IFFCO Tokio Health Insurance | Iffco Tokio Family Health Protector Plan |
1.5-30 Lakh |
This policy allows coverage for pre- and post-hospitalization for 30 and 60 days, respectively. Other features include room rent coverage, ambulance charges, daily cash option, no limit on ICU charges, etc. It also offers free annual medical check-ups and add-on facilities like air ambulance benefits and personal accident cover, among others.
Eligibility
This family health plan covers the entire family under a single plan. It allows coverage for pre- and post-hospitalization for 60 and 90 days, respectively, along with other facilities like room rent, domiciliary facility, ambulance charges, daycare facility, daily cash benefit, and more.
Eligibility
This plan covers in-patient hospitalization and pre- and post-hospitalization up to 60 and 180 days, respectively. Further, it covers charges for daycare treatment, ambulance charges, domiciliary hospitalization, organ donor costs, second opinion costs in case of critical illnesses, etc.
Eligibility
This policy is available in three variants, namely Value, Classic, and Uber. The coverage offered includes hospitalization, domiciliary hospitalization, Ayush Treatment NCB benefit, critical illnesses coverage, and domestic air ambulance cover (Uber plan).
Eligibility
This comprehensive health policy is available in three variants: Silver, Gold, and Platinum. The coverage offered includes pre- and post-hospitalization (ranging between 30 and 120 days, depending on the plan variant). The policy has no co-payment clause for policyholders below 60 years. 60-year-old people can have a 20% co-pay under this plan.
Eligibility
The policy offers an auto-refill option for the sum insured if it gets exhausted. The premium is reasonable and does not cause a hole in your pocket. It also allows higher daily cash benefits.
Eligibility
Under this all-inclusive health policy, the coverage received includes in-patient hospitalization, pre- and post-hospitalization, domiciliary treatment, etc. The plan also covers over 140 daycare procedures requiring less than 24 hours of hospital admission.
Eligibility
This is another family floater health plan that allows entry without any medical check-up till the age of 55 years. The plan offers coverage for pre- and post-hospitalization for up to 60 and 90 days, respectively. It provides coverage for daycare procedures, alternative treatment costs, etc.
Eligibility
This family health plan is available with an extensive range of sum insured. The coverage offered under the plan includes pre- and post-hospitalization, in-patient hospitalization, diagnostic procedure costs, medical aids, and more. It further covers alternative treatments such as Ayurveda, Siddha, Unani, and homeopathy under AYUSH treatment.
Eligibility
Last but not least, the IFFCO Tokio family health plan covers features like room rent costs, doctor fees, and other medical expenses. It also covers daycare costs, domiciliary hospitalization, AYUSH treatment, etc. It further covers 11 critical illnesses.
Eligibility
Below are some benefits of family health insurance plans:
Below are some inclusions of the family health insurance plans:
Some exclusions include:
Here are some criteria to be eligible to buy family health insurance plans:
The most significant things to consider while buying a family Mediclaim policy include:
Buying a health insurance policy for your family is important to keep your near and dear ones safe and secure against various diseases and to take care of the inflation in the healthcare sector. A family health plan protects the entire family against injuries and diseases while taking care of your budget as well.
Here are some factors that make a family health insurance plan a significant purchase:
One policy covers all members – Under a family floater health insurance plan, you can include all your family members within the umbrella of protection of one policy. Many floater plans cover your spouse, dependent kids, parents, and parents-in-law. Hence, this turns out to be a cost-effective mediclaim policy supporting the entire family.
Savings Intact – Looking at the rising inflation in the healthcare sector, the only way to keep your savings safe is to get covered under a comprehensive family health insurance plan. This way, you can avoid a dent in your savings.
Sum restored – Many health insurance policies offer the facility of sum insured restore wherein you can get 100% reinstatement of your coverage amount if it gets exhausted within a policy year.
Stress-free recovery – A health insurance policy offers the facility of cashless treatment to the insured. Hence, you can focus on recovery and better treatment facilities as compared to worrying about the hospital bill.
Below is a list of documents that may be needed to submit at the time of buying a family health insurance plan:
Here are the steps to follow:
You can file family health insurance claims in two different ways – cashless claims and reimbursement claims
Alternatively, you may seek a home visit option of Paybima health insurance experts to explain the policies in detail and help you make an informed decision. Further, you can visit the official website of the insurance company to buy a family health insurance plan.
To Sum Up
Health insurance policies serve as a protective cover to safeguard your pocket and your savings during health emergencies. They allow the head of the family to stay worry-free in health emergencies, especially from monetary hassles. Compare different policies to choose the best health plan in India to protect yourself and your dear ones from health concerns.
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Yes, INR 50 lakhs is a reasonable enough sum insured for health insurance plans as it can allow adequate coverage to your family.
The premium for a family health insurance plan with coverage of INR 10 lakh/year would cost between INR 15,000 to INR 25,000 per annum.
The best thing to do is to opt for a family health insurance policy for yourself, your spouse, and your children and to buy a separate plan for your parents (senior citizens). This is because the coverage amount available to your parents under a family health plan might be insufficient.
An individual health insurance plan covers the healthcare expenses of an individual (a single person), whereas a family health insurance plan covers the healthcare expenses of all the members of a family covered under the plan.
Yes, a family health insurance plan covers pre-existing diseases but only after a waiting period of a few years depending on the terms and conditions of the plan. So, you have to go through the PED waiting period of 2-4 years as per your plan to raise a claim against any PEDs
- Discharge summary
- Detailed hospital bill
- Payment receipt
- Doctor’s consultation papers
- Bank details
Yes, a family health plan covers multiple members of a family. Hence, even if the key insured person dies, the other eligible members can renew the policy.
You may evaluate the health insurance plan to increase coverage at a low premium. Other options like higher deductibles can also be opted for to lower premiums.
PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
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