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Family Mediclaim Policy

A family floater plan covers the entire family under one plan thereby giving an umbrella cover to all family members including the proposer, spouse and dependent children..The plan is easily available and also affordable for covering the family.

Why to choose Family Mediclaim Policy?

There are many benefits to choosing a family mediclaim policy. Apart from covering each family member, the premiums of family floater plans are lower when compared to the premiums of individual plans for each family member.

Advantages of Mediclaim Policy for Family

Here are some advantages of family floater plans –

  • The sum insured under the plan is shared independently as well as jointly by all family members. Thus, each member enjoys coverage up to the chosen sum insured
  • The premiums are very low and affordable under a family floater plan than under separate individual mediclaim policies
  • Dependent children aged 91 days and above can be covered under the plan
  • Lifelong renewals are promised

How to choose best Mediclaim Policy for Family?

To choose the best mediclaim policy, the policyholder should compare all the available plans before finalising the best plan. When comparing, the plans should be judged on the following parameters –

  • Members covered – ensure that the plan covers all the members of the family
  • Sum insured – the available sum insured levels should be optimal - so that a high coverage amount can be chosen for meeting the increasing medical costs
  • Coverage features – the coverage features of the plan should fulfil the policyholder’s requirements. If the policyholder wants maternity cover, plans providing maternity cover should be considered
  • Waiting period – health plans have a waiting period for pre-existing illnesses. The period can be between 1 -and 4 years. Choose a plan with a low waiting period for availing coverage for pre-existing illnesses earlier
  • Premium rate – the premium should be reasonable with respect to the coverage features of the plan
  • Discounts available – the plan should have attractive discount rates which decrease the premium amount

A plan which fulfills these criteria is the best family floater mediclaim plan.

List of Best Medicliam Policy for Family

Some of the best mediclaim policies for families are as follows –

Name of the plan Members covered Sum insured allowed Salient features
Apollo Munich Optima Restore Self, spouse, dependent children, dependent parents or parents-in-law Rs.3 lakhs to Rs.50 lakhs
  • Stay Active benefit allows premium discounts based on number of steps taken
  • Sum insured restoration and multiplier benefits are inbuilt
  • Optional Critical Advantage Rider
Bharti AXA Smart Health Insurance Self, spouse and two dependent children Rs.3 lakhs to Rs.5 lakhs
  • AYUSH treatments are covered up to sum insured
  • 25% increase in sum insured as no claim bonus
Cigna TTK ProHealth Plus Self, spouse and dependent children Rs.4.5 lakhs to Rs.10 lakhs
  • Worldwide emergency cover
  • Sum insured restoration
  • Health maintenance benefits
  • Inbuilt cover for maternity and new born baby
ICICI Lombard Complete Health Insurance Self, spouse, dependent children, dependent parents and siblings Rs.3 lakhs to Rs.50 lakhs
  • Range of optional covers are available
  • Inbuilt sum insured restoration
Max Bupa Health Companion Family Floater Self, spouse and up to four dependent children Rs.3 lakhs to Rs.1 crored
  • Any age enrolment
  • Vaccination against animal bites
  • Sum insured restoration benefit
Oriental Insurance's Happy Family Floater – Silver Plan Self, spouse, dependent children, dependent parents, parents-in-law and siblings Rs.1 lakh to Rs.5 lakhs
  • Daily hospital allowance
  • Attendant allowance
  • Coverage when insured is the donor
  • Sum insured restoration
Star Health's Family Optima Self, spouse and dependent children Rs.3 lakhs to Rs.25 lakhs
  • Free annual health check-ups
  • Sum insured restoration thrice in the policy year
  • Assisted reproductive treatments are covered

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