Family health insurance is essential for ensuring that the health of your loved ones is well taken care of. It is equally important to ensure that the plan chosen doesn't put a dent in your finances. Affordable family health plans are offered by many insurance companies, and the cost depends on a range of factors such as your family's health history, age, and the number of people in your family. Here are a few tips that can guide you when selecting a family health insurance plan.
Before settling on a particular family health insurance plan, it is advised to do your due diligence and compare the prices across different service providers. In this case, insurers. Most providers have a tool that enables you to compare different packages, costs, and benefits. This way, you can select a plan that offers the best services and rates.
A family health insurance plan tends to provide good financial support to you and your family during medical emergencies. This plan offers large financial coverage that can cover the treatment cost in India as well as abroad.
Lifestyle diseases are at an increasing rate today and that too in people less than the age of 45 years. Diseases like diabetes, heart-related diseases, obesity, respiratory problems etc. are now common in young ones as well.
Instead of buying separate policies you can choose your whole family to be insured under just one policy. Do some research, talk to some experts for an impartial opinion and make sure you get a convenient plan that provides comprehensive coverage.
In case of any hospitalisation, your family can get free treatment in your network hospital like in individual health plans.
Many health insurance companies allow the insured to include both parents and parents-in-law under the plan and take no additional premium.
The policy does not ask you to pay individual premiums for the entire family, under the same existing plan.
Many additional benefits are available under the family health policy such as critical illness cover, maternity cover and so on. Ensure that you read all the T&Cs documents carefully before buying the premium.
It is much easier to purchase one policy and cover all the family members than buying it separately for the whole family and reading its T&C individually.
The policy offers higher coverage to the entire family of the policyholder as per their budget.
Most of the plans also offer maternity benefits and provide coverage for maternity expenses.
You can also add new members to the same policy in the middle of its term depending upon the T&C of the policy.
You can get a tax deduction under the family floater policy up to 25,000 and even more depending upon the T&C of the policy.
18 years to 65 years
90 days to 25 years.
Self spouse children (dependent) parents & parents-in-law (dependent)