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Health insurance is one vital document that every person must possess. And not just for themselves but also for their entire family. This is because good health is valuable to everyone and it is essential that your complete family stays fit and healthy for a long time to come. Keeping in view its indispensable nature today, insurance companies issue health insurance plans for families to provide coverage and protection to the entire family.
These plans offer a number of advantages over single health insurance policies and are becoming widely popular among the population. Here we discuss family health insurance policies, highlighting what is covered and what not under these plans to help you make an informed decision before buying.
As stated earlier, it is of vital concern to one that his/her family remains healthy at all times. This is why more and more people are opting for family medical insurance to help cover any emergency medical care costs of any family member in the future.
Health insurance plans for family are designed to provide cost coverage to your entire family under a specific predetermined sum insured. The plan covers an entire range of treatment options such as in-patient hospital stay, expenses incurred during pre- and post-hospitalization duration of the treatment as well as daycare costs, including OPD consultations.
Let us take a look at the various items covered under the family health insurance policy:
There are some areas of medical treatment that may be left out or not covered under family health insurance plans. It makes sense to look at them before choosing to buy a health insurance plan for your family:
We talked about all that family health insurance plans cover and exclude from coverage. Now let’s look at some of the best mediclaim policy for family that you may consider buying:
Name of the Plan | Total Sum Insured Under the Plan |
Niva Bupa Heartbeat Family Floater Plan | Max limit Rs. 50,00,000 |
Aditya Birla Activ Health Platinum Enhanced Plan | Between Rs. 2,00,000 and Rs. 2,00,00,000 |
Manipal Cigna ProHealth Premier Plan | Rs. 1,00,00,000 |
Care Advantage Plan | Max limit Rs. 1,00,00,000 |
Star Family Health Optima Plan | Between Rs. 3,00,000 and Rs. 25,00,000 |
Anybody who is 18 years or above is eligible to apply for a family health insurance plan in India. The dependents provided coverage under the plan should ideally be between the age of 91 days up to the maximum age limit of 65-75 years. This essentially implies that both children and senior citizens can be provided financial protection under the plan.
The scheme has been designed keeping in view that both these members of the family need financial assistance at this stage of their life. Hence, family floater health insurance plans provide that much-needed assistance, helping these sections of the population to cover the high-rising costs involved in the treatment of certain health conditions.
Read More: Family Health Insurance Benefits and Advantages
In a Nutshell
Family health insurance serve as a huge relief for the primary earring member of the family on whom most of the family’s dependent members rely. With these insurance plans in place, the person can hope to relieve some financial strain off their shoulders. Make sure to check online which mediclaim policy is best for family, considering your individual family needs, and choose the one that serves your purpose better.
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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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