Top 5 Family Health Insurance Plans in India

Family is a prized possession and therefore everyone tries and does what’s best for themselves and their families. When it comes to health insurance plans too, family floater plans are hugely popular because these plans cover the entire family under one umbrella. A single policy is issued covering all the family members with a single sum insured and a single premium amount. You can cover yourself, your spouse, dependent children and dependent parents under a family floater plan. Each covered member enjoys the sum insured jointly as well as independently. Premiums are cheaper compared to individual health plans for each family member.

Because family floater plans are very popular, there are many insurance companies which offer a family health insurance plan. Among the multitude of plans available, here are the top 5 family health insurance plans for you to consider:

Top 5 family health insurance plans

Apollo Munich Health Insurance’s Optima Restore Plan

Apollo Munich is a leading name in the health insurance segment. It offers various family health insurance policies. Its Optima Restore Plan is offered both as a family floater plan and an individual health insurance plan. As a family health insurance plan, the plan allows the following benefits:

• 50% of the sum insured is increased every claim-free year through the multiplier benefit
• You get the facility of restoration of the sum insured through the sum insured restoration benefit available under the plan
• Critical Advantage Rider is available at an additional premium which pays a lump sum amount in case any covered member is diagnosed with any of the 8 covered illnesses
• Stay Active benefit gives you premium discounts on the number of steps you take during a policy year
• Domiciliary treatments are also covered under the plan

Bharti AXA Health Insurance Smart Super Health Plan

Bharti AXA’s Smart Super Health plan deserves a mention as the best family floater health plan available currently. Here are the distinctive features of the plans which make it one of the best:

• You can get coverage of up to Rs.1 crore under Smart Super Health Plan
• There is no capping on the limit of room rent under inpatient hospitalisation
• The plan has an inbuilt maternity coverage which is available after a short waiting period of 9 months if you choose a term of 3 years and pay the three year premium at once
• Critical illness cover and hospital cash cover are allowed as optional coverage benefits
• There is no limit to the coverage under organ donor treatments
• No claim bonus increases the sum insured by up to 100%

Cigna TTK Health Insurance Pro Health Insurance Plus

Cigna TTK is synonymous with a variety of health insurance plans and unique benefits in the plans offered. ProHealth Plus is one such family floater health plan which offers a medium level of coverage in terms of sum insured. Other attractive benefits of the policy include the following:

• Domiciliary treatments are covered under the plan up to the sum insured
• Organ donor expenses are also covered up to the sum insured
• You get worldwide coverage for medical emergencies which you might face when travelling internationally
• OPD expenses are covered up to a specified limit
• Maternity and new born baby expenses are covered under the plan as an inbuilt benefit
• First year vaccinations of the new born are also covered
• Free health check-ups for all covered family members
• Free expert opinion in case of any critical illness
• Premium discounts of up to 30% for staying healthy
• You have the option to reduce the waiting period for pre-existing illnesses if you choose to pay an additional premium for the same

HDFC ergo Health Insurance Health Suraksha Plan

HDFC Ergo’s Health Suraksha Plan comes in many variants and gives you an all-inclusive coverage for yourself and your family. Here are some of the best benefits of the plan:

• There is no restriction or sub-limits on the inpatient hospitalisation expenses
• There is no restriction on the maximum entry age. You can buy the plan at any age you want
• Maternity coverage is inbuilt under the plan along with new born baby cover
• You get various premium discounts under the plan. 10% discount is allowed if you buy a 2-year policy and another 10% is allowed for covering more than 2 family members
• Additional coverage benefits are available at an additional premium

IFFCO Tokio Health Insurance SwasthyaKavach (Wider) Plan

IFFCO Tokio’sSwasthyaKavach is another good family floater plan which allows a comprehensive scope of coverage for your family members. Besides covering the regular medical expenses, the plan also allows the following benefits:

• A daily allowance of Rs.250 is allowed in case of inpatient hospitalisation
• Free health check-ups are allowed once every four policy years
• Up to three children can be covered under the plan who can be own children, siblings, nephew or niece
• The oldest family member can be covered for up to 80 years
• Cumulative bonus increases the sum insured by 5% for each claim free year
• Critical illness extension cover is available at an additional premium. This extension covers ten specified critical illnesses
• If you have bought a two-wheeler insurance from the company, you can avail a premium discount under your health insurance plan
• No co-payment is applicable under the plan even for older family members
• Value added services are available under the free of cost. These services provide additional travel insurance coverage if you or any covered family member is travelling within India

If you are looking for the best health insurance plans in the market for covering your beloved family, look no further. The above-mentioned family health insurance policies are the top 5 family health insurance plans and can be chosen for fulfilling you and your family’s health insurance needs. These family health insurance policies promise all-inclusive coverage benefits, optimal sum insured levels, reasonable premium rates, attractive premium discounts and other attractive features which would make your health insurance experience a joyful one. So, pick one family health insurance plan and be assured to have bought the best policy.

Choose wisely!