5 min read
Updated on Sep 23, 2022
The rising cost of medical treatment is making it inevitable for every family to have financial security to afford better health facilities. And there is no better way to secure the health of your family members than family insurance plans. The family insurance covers the health of each and every member of a family on the basis of personal or floater sum insured, and ensures monetary security during the time of any medical crisis.
In this blog, we will provide information on family health insurance plans, their benefits, features and everything that you might be interested in knowing before purchasing a floater plan.
Family health plans are insurance policies which covers each member of a family in a single medical insurance plan. Here, all the members of your family will share the sum insured, which is fixed at the time of buying the plan. As such, not all members of a family can fall sick at the same time. So this plan works on that assumption. Floater health plans are very beneficial as they offer facilities like:
There are many benefits of having mediclaim policy for family. The best part of these plans is that every member of the family irrespective of their age can avail medical insurance under these plans under a single cover.
Also Read: Advantages of Family Health Insurance
The criteria of eligibility for family medical insurance varies from plan to plan. Here are some common eligibility criteria:
Minimum age of entry – 18 years for adults, and 90 days for babies
Maximum age of entry – 65 years for adults, and 25 years for children
Who all are covered – Insured person, spouse, small children who are dependent, parents, spouse’s parents
Renew – Lifetime renewal facility
Having a family health plan is important for every family. These plans can be bought easily online. However, you must compare them and read them thoroughly before purchasing the most suitable plan.
At Paybima, you can check out the various impressive health insurance plans for family offering numerous benefits, fast settlement of claims along with a wide network of best hospitals offering cashless facilities.
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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