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Falling sick is nothing uncommon. We all fall sick at some point in our life. However what has become actually very bothersome is the rising cost of healthcare in India. If it is a critical illness, the medical bills will surely make a hole in the pocket. This is why it is prudent to buy a health insurance policy that provides coverage for hospitalization expenses.
And while you plan to buy a health insurance policy, make sure you opt for a family health insurance plan instead of an individual health insurance policy. With a family floater health insurance plan, not only you but all the members of your family will be covered.
The premium of a health insurance policy depends on various factors. The factors include medical history, age, sum insured, No Claim Bonus, and many more. Therefore, to find the cost of purchasing a health insurance family for four members and INR 10 lakh coverage, the policy buyers can use the family health insurance premium calculator.
A family health insurance premium calculator is basically an online tool that can be used for calculating the premium of a health insurance plan. You can use it for calculating the premium of any type of health insurance policy. A health insurance premium calculator can be found on many websites and you can trust them totally to get an estimate of the premium amount that you would be required to pay in the future.
While estimating the premium health insurance for family of 4, here are some of the factors that are considered.
Therefore, if you want to know the premium amount that you have to pay for a family floater health insurance plan that costs INR 10 lakh, you should definitely use a health insurance premium calculator.
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For a family of four, the premium for a Rs. 10 lakh health insurance policy can range from Rs. 858 per month to Rs. 2769 per month, depending on things like age, medical history, no-claims bonus, etc.
20 lakhs, a health insurance policy with a limit of Rs. 10 lakhs might be the best option for you. However, given the rising costs of healthcare, it is advised that the minimum coverage be at least Rs. 5 lakhs.
A family health insurance plan with coverage of Rs. 10 lakh can typically range in price from Rs. 15,000 to Rs. 25,000 per year.
Adequate Coverage: Especially in urban areas where the cost of healthcare is high, the sum insured should be sufficient to pay for multiple hospital stays. The insured amount for individual policies should be at least 10 lakhs and at least 20 lakhs for family health insurance.
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