The family health insurance policy is a plan that covers the wellbeing of you and your whole family. One can easily include his spouse, parents, dependent siblings, parents-in-law, and of course children under the best family health insurance in India. For the best family health insurance plans in India, you will have to pay one single premium and then the total sum assured will be shared for all members’ health.
What Is Family Health Insurance?
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Health insurance is considered to be the vital requirement of each family in the present day. While every one of us wishes for a stress-free and healthy life, there’re some health complications that keep us irritating occasionally and put you and your family in severe pain and suffering. However, in such cases, the best family health insurance plans in India support you financially.
To make sure that you have adequate monetary security to stand the expense of your and your family’s health care anytime, so it’s very important to purchase the best family health insurance plans in India to take care of your family during a medical emergency.
To make the right decision while purchasing the best family health insurance plans in India one must know plenty of things regarding the features, benefits, coverage, and exclusions of family Health insurance in India. See what must contain your best family health insurance plans in India:
Types of Family Health Insurance Plans In India
A family health plan in India offers protection to all the family members as per the insurance plan terms. Founded on the types of several family health insurance coverage provided, a family health policy can be largely classified into 2 categories:
Critical Illness Family Health Insurance
This kind of insurance policy covers the policyholder against chronic illnesses such as stroke, heart attack, kidney failure, and so many more. As per the policy coverage, the company pays the complete sum assured to its policyholder as a lump-sum. On the other hand, you can’t purchase the critical illness policy as a single plan for your entire family.
Medical Insurance for Family
The medical insurance plan normally reimburses the policyholder’s hospitalization expenditure for healthcare treatments. The insurance corporation bears the cost in the form of reimbursement or cashless treatment.
Key Features of the Family Health Insurance Plans:
It Must Cover Your Family Members:
You can protect the members of your family including your parents, children, spouse, and in fact, numerous insurance corporations allow the parents-in-law too.
Cashless Claim:
You can get a cashless facility in case of the treatment in a listed hospital of the company during your claim.
Reimbursement On Great Sum Insured:
Several insurance corporations offer a health insurance policy for the family along with some reimbursements on the higher total sum insured.
Policy tenure:
Health insurance policy for families in India offers alternatives for policy tenure. You can choose 1 year, 2 years, or 3 years for the policy tenure.
Benefits of the Family Health Insurance Plan
Tax Benefits:
The policyholder can get tax benefits on all their premiums funded for the best family health insurance plans in India under Section 80(D) of the Income Tax (IT) Act.
Save Cash:
You can protect your whole family under a single family health insurance. So, instead of purchasing an individual medical insurance policy for each family member separately, buy one of the best family health insurance plans in India to save plenty of money.
Restore Coverage:
Numerous family floater insurance policy providers special benefits called restore benefits, which help to restore full cover once it is exhausted at the time of the policy term. However, it’s valid only for the unrelated claims.
Easy To Add New Family Member:
One can easily add family members including children, parents-in-law, or any other member under the best family health insurance plans in India.
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Inclusions of the Family Health Insurance Policy:
We are listing down only the common inclusions of the best family health insurance plans in India below. There are different and additional inclusions for different insurance company’s offerings. Let’s now check out the common ones only:
In-patient Hospitalization:
Medical cost in case the covered is hospitalized at least for over 24 hours.
Emergency Ambulance Costs:
Expenses for the ambulance required for the emergency situation of the insured
Pre & post-hospitalization:
Medications, prescribed tests, treatment, and so many more for a certain period before & after hospitalization
Day-care:
Medicinal costs are given in case the protected is hospitalized for about 24 hours or so.
Organ Donor Payments:
If an organ contribution is needed then the costs invited by that organ donor will be paid by the insurance company under your best family health insurance plans in India.
Domiciliary treatments:
Medical costs for some ailments in paid by the insurance company when the covered person gets domiciliary treatment for the ailment
Vaccinations Costs:
Vaccinations cost in case the policyholder gets affected due to an animal bite
AYUSH:
AYUSH means “Ayurveda, Yoga, Unani, Siddha or Homeopathy” treatment. So, in case the insured goes through any Ayurveda, Yoga, Unani, Siddha or Homeopathy treatment then the medical expenses are paid by the insurance company.
Exclusions of the Family Health Insurance Policy:
There are different exclusions for different insurance company’s offerings. Let’s now only check out the common ones:
- Any claim rose within just 30 days of buying off the plan, except caused because of an accident
- Sexually transmitted diseases (STD)
- Pre-existing diseases aren’t covered before the pre-defined duration
- Treatment for the problems of cosmetic or aesthetic treatments
- Disease caused because of alcohol or drug abuse
- Self-inflicted damage
- Unapproved or experimental treatment
- Any Out Patient Department (OPD) treatment except stated in the insurance policy
Top 10 Best Family Health Insurance Plans in India
| Sl. No. | Name of the Plan | Name of the Company | Pre-existing Diseases | Pre & Post Hospitalization | Sum Insured |
| 1. | Family Floater Health-Guard | Bajaj Allianz Health Insurance | After a waiting period of 48 months | Pre-hospitalization: 60 days
Post hospitalization: 90 days
|
INR 1.5 lakhs – 50 Lakh |
| 2. | Smart Super Health Insurance Policy | Bharti AXA Health Insurance | After a waiting period of 48 months | Pre-hospitalization: 60 days
Post hospitalization: 90 days |
INR 5 lakhs- 1 Crore |
| 3. | HDFC Ergo My: Health Suraksha Plan | HDFC Ergo General Health Insurance | After a waiting period of 48 months | Pre-hospitalization: 60 days
Post hospitalization: 90 days |
INR 3 lakhs-75 lakhs |
| 4. | National Insurance Mediclaim Policy | National Insurance Company | After a waiting period of 48 months | Pre-hospitalization: 30 days
Post hospitalization: 60 days |
INR 50000- 5 lakhs |
| 5. | Star Family Health Optima Plan | Star Health Insurance | After a waiting period of 48 months | Pre-hospitalization: 30 days
Post hospitalization: 90 days (7% of total expense max up to Rs. 5,000) |
INR 1 lakhs-15 lakhs |
| 6. | Family Floater Mediclaim Policy | New India Assurance | After a waiting period of 48 months | Pre-hospitalization: 30 days
Post hospitalization: 60 days |
INR 2 lakhs- 5 lakhs |
| 7. | Religare Care | Religare Health Insurance | After a waiting period of 48 months | Pre-hospitalization: 30 days
Post hospitalization: 60 days |
INR 3 Crores- 6 Crores |
| 8. | Wellsurance Family Policy | Tata AIG Health Insurance | After a waiting period of 48 months | NIL | INR 2 lakhs -4 lakhs |
| 9. | SBI Arogya Premier Plan | SBI Health Insurance | After a waiting period of 48 months | Pre-hospitalization: 60 days
Post hospitalization: 90 days |
INR 10 lakhs- 30 lakhs |
| 10. | Happy Family Floater Policy | Oriental Insurance Company | After a waiting period of 48 months | Pre-hospitalization: 30 days
Post hospitalization: 60 days |
INR 1Lakhs -20 lakhs |
FAQ:
Q. Which health insurance is best in India 2019?
A. Which health insurance is the best that depends on the person’s needs. Some people prefer money-back policy, while others prefer his or her family’s safety in their absence. To find out more check here…
Q. Which is the best health insurance plan in India?
A. There are many health insurance plans available in India. Each plan comes with different and unique facilities for the policyholders. To find out the best from those plans, check its features, and see if the insurance fulfills your requirements completely.
Q. Which insurance is best for family?
A. We generally buy insurance plans for our loved ones to protect them even in our absence. But we also should pay attention to our present and but a Family Floater health insurance for our family.
Q. What is the difference between Family Floater and Individual Plan?
A. Just as the name suggests that an individual plan will only provide coverage for one person, and on the other hand, a Family Floater insurance will provide coverage against the whole family.
Moreover, you can include new family member into your Family floater health insurance plan if required, but you can’t add another person to your individual insurance plan
Q. Are there any special discounts for Family Health Insurance?
A. Each plan comes with different facilities and sometimes special discounts. But what special discount you may get will vary depending on the insurance company and the plan you have bought or going to buy
Q. I have an individual health insurance policy, however, I wish to add my spouse to the floater. Can I do it?
A. NO, the individual health insurance policy doesn’t have the facility to add a new member under the plan. For that purpose, you need to buy a family floater health insurance plan.
Q. Can I take an independent health insurance policy for a 3 year old kid?
A. It is essential to buy an insurance policy for Kids in order to ensure that your kids lead a happy life and has a secure tomorrow. But you can’t take an independent health insurance policy for a 3-year-old kid, you will have to get group insurance, where the baby and its parents are covered
Q. What are the benefits of buying a family floater health insurance?
A. There are countless benefits of buying a family floater health insurance:
- You can add a new family member in the existing plan anytime you want
- Your whole family gets coverage under a single plan
- Do not have to pay premiums several times and so many other benefits
Q. What happens if the primary insured passes away?
A. If the primary insured passes away, you can transfer the family floater insurance policy in the name of another member of the family, provided he or she is 18 or above years old.
Q. Will my sum insured increase at the time of renewals?
A. During policy renewal, policyholders get the option to increase the total sum insured. So, if you want to increase the sum insured then simply pick the facility at the time of renewal.