Family Health Insurance

The biggest benefit of this is to the big families in which there are children and old people. The family floater insurance plan comes with a host of other benefits that the insured family can avail. You can take coverage of family members of all ages in one plan. Below are its benefits:

Freedom from worrying about hospitalization costs
A health insurance plan taken for the whole family saves you from the cost of different insurance plans. Also, you do not have to pay a separate premium for each family member. On hospitalization, the insured can get cashless treatment like an individual health insurance plan. This way all your family members will get good medical attention without compromising on treatment.

Insure new members easily
You can easily add a new member to these insurance plans. If there is an individual cover, you have to take a new policy for the new member. If you are adding your parents to your plan, then keep in mind that the sum insured should be high. Even if the eldest member dies or is no longer eligible for coverage, the rest of the family will continue to receive the benefits of health insurance coverage.

cheap premium
By having health insurance for the family, you will not have to pay separate premiums for each. You can cover your spouse, children and parents in one affordable plan. However, considering the health of the parents, it is suggested to take a separate plan for them.

Get Health Insurance for Your Parents in Goods Plan
The biggest advantage of this is that you can get health secured for your spouse and your parents in one plan. You can also take personal health cover for your dependent parents and your in-laws on payment of additional premium.

covid health insurance for family
You can also take out coronavirus health insurance for yourself and your family. These days all insurance companies also provide cover for coronavirus treatment on the basic insurance plan. Many insurance companies have also come out with Corona special policies like – Corona Kavach Policy and Corona Rakshak Policy. The Corona Kavach policy provides coverage on family floater basis and covers the cost of treatment of this virus and also the cost of medicines, PPE kits, ICU, doctor’s fees etc.

The Corona Rakshak policy also provides individual coverage against COVID but with a minimum hospital stay of 7 hours. If you want to buy a separate policy for everyone, then you can also take a Corona Rakshak policy. Or you can ask your insurance company whether your current plan has corona cover.

Option to take extra benefits
There are many additional benefits like sickness cover, maternity cover etc. For example, the young couple can also take maternity cover and cover for the new baby. However, it is available under the waiting period clause. You are requested to read the terms and conditions of your policy carefully if you want to get the best health insurance with maternity cover for your family.

get discount
Under a health insurance policy, you can also take advantage of many benefits and discounts offered by the policy. This is the easiest way to safeguard the health of your family.

Tax Benefit on Health Insurance Premium
Health insurance premium is tax exempt under section 80D of the Income Tax Act. If someone is paying health insurance premium for himself and his family then he is eligible to take the exemption.

Coronavirus

Best Family Health Insurance Plan 2021
To make it easier to buy a mediclaim policy for your family, we have listed below the best health insurance plans from companies. You can choose the plan as per your requirement based on the sum insured, coverage, age limit, pre and post hospitalization.

Insurance company

family health plan

Beam money (in Rs.)

before and after hospitalization

chronic diseases

Aditya Birla Health Insurance

Active Health Platinum

  1. Lakh to Crore

1.60 days before hospitalization

.After hospitalization -90 days

After waiting period of 48 months

Bajaj Allianz Health Insurance

Family Floater Health Guard

1.15-50 lakhs
1.60 days before hospitalization

.After hospitalization -90 days

After waiting period of 48 months

Bharat Aksa Health Insurance

Smart Super Health Insurance Policy

1.5 lakh- 1 crore

1.60 days before hospitalization

.After hospitalization -90 days

After waiting period of 48 months

Care Health Insurance (earlier known as Religare Health Insurance)

care health care plan

1.-6 crore

1.60 days before hospitalization

.After hospitalization -90 days

After waiting period of 48 months

Chola MS Health Insurance

Chola MS Family Healthline Insurance

1.-15 lakh

1.60 days before hospitalization

.After hospitalization -90 days

After waiting period of 48 months

Digit Health Insurance

Digit Health Insurance Plan

1.5 million

Edelweiss Health Insurance

family floater

up to 1.1 million

Silver 0-60 days
Gold 60- 90 Days

platinum 90-180 days

Future Generali Health Insurance

Future Health Suraksha Family Plan

1.5-10 lakhs

1.60 days before hospitalization

.After hospitalization -90 days

After waiting period of 48 months

IFFCO Tokyo Health Insurance

IFFCO Tokie Family Health Protector Plan

1.5-0 lac

1.Before hospitalization-45 days

.60 days after hospitalization

Kotak Mahindra Health Insurance

Family Health Insurance Covered

1.-100 lakhs

After waiting period of 48 months

Liberty

health insurance

Secure Health Connect

1.Secure Basic- ₹4,5 Lakh

. Secure Elite: ,,4,5,6,7.5,10 lakhs

. Secure Supreme ,4,5,6,7.5,10 lakhs

4.Secure Complete,,4,5,6,7.5,10,15 lakhs

Max Bupa Health Insurance

Heartbeat Familat First Health Insurance Plan

-1.5 million
-50 lakhs
15-50 lakhs
1.60 days before hospitalization

.After hospitalization -90 days

After waiting period of 48 months

Mann Palaci Gna Health Insurance

Family Floater ProHealth Protect Plan

1.5-50 lakhs

1.60 days before hospitalization

.After hospitalization -90 days

After waiting period of 48 months

National Health Insurance

National Insurance Medikline Policy

1.50,000-5 lakh

1.Before Hospitalization-0 Days

.60 days after hospitalization

After waiting period of 48 months

NewIndia Assurance Health Insurance

Family Floater Mediclaim Policy

1.-5 lakh

1.60 days before hospitalization

.After hospitalization -90 days

After waiting period of 48 months

Oriental Insurance Company

Happy Family Floater Policy

1.1-0 lakh

1.60 days before hospitalization

.After hospitalization -90 days

After waiting period of 48 months

Raheja QBE Health Insurance

Health QBE

1 1-50 lakh

Royal Sundaram Health Insurance

Royal Sundaram Lifeline Health Insurance

1.Classic- ₹4 lakh

. Supreme – 5,10,15,0,50 lakhs

. Elite – 5,0,50,100,150 lakhs

  1. Classic- 0-60 days

. Supreme – 60-90 days

. ELITE – 90-180 days

After waiting period of 4 months

Reliance Health Insurance

Reliance Health Wise Plan

1.1-5 lakh

1.60 days before hospitalization

.After hospitalization -90 days

After waiting period of 4 months

Star Health Insurance

Star Family Health Optima Plan

1.1-15 lakh

1.60 days before hospitalization

.After hospitalization -90 days (7 percent of the cost and maximum Rs.5000)

After waiting period of 4 months

SBI Health Insurance

SBI Arogya Premier Plan

1.10-0 lac

1.60 days before hospitalization

.After hospitalization -90 days

After waiting period of 48 months

Tata IG Health Insurance

Wellsurance Family Policy

1.-4 lakh

After waiting period of 48 months

United India Health Insurance

Family Medicare Policy

1.1-10 lakh

1.Before Hospitalization-0 Days

.60 days after hospitalization (maximum 10% of SA)

After waiting period of 4 months

Universal Sompo Health Insurance

Complete Health Care Insurance Basic, Essential, Privilege

1.Basic- 1- Lakh

.Essential- -5 lakhs

.Privilege – 6-10 lakhs

1.Before Hospitalization-0 Days

.60 days after hospitalization

After 6 months waiting period

Disclaimer: “Policy Bazaar does not endorse, recommend and evaluate any insurance company, any plan.”

Yoga things to keep in mind before taking health insurance plan for family
Below are some things that you should keep in mind before buying health insurance for your family. Read the points given below carefully so that you buy the right health insurance cover according to the needs of your loved ones.

Coverage under family health insurance
While comparing multiple plans, it is important to list the coverage of all the policies. Almost all the plans cover daycare expenses, hospitalization expenses, ambulance expenses etc.

If you are taking a plan for a child, then you should take a health insurance plan in which you can add the child as your beneficiary and get added to your family floater plan.

While comparing policies, keep in mind your chronic diseases, your lifestyle and the exclusions in the first 0 days.

Option to increase the sum insured of the family floater plan
There is neither inflation nor cost of treatment. Therefore, most insurance companies offer the option of increasing the sum insured in the coming years. Sometimes when you renew the policy on time and you have no claim bonus, the company rewards you by increasing the sum insured.

Cashless payment on hospitalization
Nowadays most of the companies provide provision of cashless recruitment in their hospitals. This makes hospitalization easier. However, it is important to check whether there are good hospitals in their list or not.

Know the maximum renewal age
Many health insurance companies offer the opportunity to renew the policy only till the age of 60 to 65 years. Nowadays companies also give renewal for life. Take care and choose a family floater health plan that works for your needs.

easy claim settlement
Although all the companies do the work of settlement of claims as per the claims regulator, the process may vary from company to company. Before buying health insurance for your premises, make sure you go through the company’s claim settlement process. Nowadays, many companies provide the provision of cashless hospital recruitment, so that there is no need to collect and fill any documents.

Coronavirus

General Exclusions of Family Health Insurance Plans
While purchasing a health insurance policy, one should read the policy documents carefully to understand the policy.

Also keep in mind that you understand all the terms present in the policy like chronic illness, cashless hospitalization and waiting period and decide whether you will claim for hospitalization or not.

The following medical expenses are not covered under health insurance plans in India:

CD Treatment & Routine Check Up
Aesthetic treatment and plastic surgery cost
cost of life support machines
If it is not in the plan, then the treatment of the deaf of the country
bodily injury or illness resulting from war, illegal acts, nuclear reactions, riots, external enemies, and such conditions
If not in the plan, problems other than delivery or related ectopic pregnancy such as baby falling, abortion, miscarriage
Any chronic disease lasting up to the waiting period
Is family health insurance better than individual health insurance?
It would be difficult to say which is better between family health insurance and individual health insurance without comparing the coverage and requirement of both.

Health insurance for the family covers the entire family in one sum insured and the insurance company has to pay a single premium. In simple words, there is only one policy for the whole family and the premium has to be paid only once in a year.

On the other hand, only one person is safe in a personal plan and a separate plan has to be taken for each family member. Since the options are many, the premium for each policy is also different.

If we compare the premium of both the health insurance plans, then the premium of individual health insurance plan will be much higher than that of a family health insurance plan.

Eligibility to buy family health insurance plan
Family health insurance is a form of group health insurance. In this plan, you can add many of your family members in the same plan in the annual premium in the same sum insured. If you have a family of 4 or 6 people then you can take family health insurance and you do not need to fulfill the eligibility.

There are many things you should keep in mind before getting health insurance for your family. These things are given below:

In this you can add new members by paying extra premium
The policy terminates when the eldest of the family reaches the age limit
You can also increase the sum insured to increase the coverage for one family member
Once a dependent child reaches one age, you cannot cover him/her in the same policy.
Do not add your aging parents to your old health insurance plan as it will increase your premium
In short, almost any family can choose to buy a family health insurance plan within their budget. Also, the premiums are less as compared to the combined premiums payable for an individual health plan.

  • All savings are provided by the insurer as per the insurance plan approved by IRDAI. Standard T&C apply.

How to buy family health insurance?
If you already have a health insurance plan and want to add your family to it, then you should talk to your insurance company. However, if you are new to insurance and want to cover your family in an insurance plan, then many insurance companies do this work.

You can also compare different family health insurance plans online for your satisfaction and get a plan according to your budget. It is not necessary to opt for the lowest premium plan as it will provide less coverage.

There is no use in taking a plan of low coverage because you do not want to pay for your treatment on your own by paying less money. So take your decision wisely.

How to claim family health insurance?
You can claim your family health insurance in two ways and its process is given below:

Follow the points given below for the process of pre-authorization for cashless request:
Email or fax the pre-authorization form found at the hospital’s TPA desk or insurance desk. You can also download it from the website of the insurance company.
Submit documents like discharge letter, medical report, diagnostic report etc.
If your claim has been accepted, the acceptance letter from the claim management team will come.
If you have any questions related to your claim, the company will contact the hospital.
If your claim is not accepted then you will have to file a rambursement claim.
The procedure for claiming repayment is as follows:
Submit the claim form along with the documents mentioned at the time of purchasing the plan.
Answer questions from the insurance company’s claims management team.
After submitting the form, you will get a letter of acceptance or rejection.
Should You Buy Family Health Insurance Online Policy From Bazaar?
In this way, there is no shortage of mediclaim policies, but buying them is a difficult task. To save your time and effort, you can compare family health insurance on the policy market as here all the quotes are available at one place. When you buy a plan online, it is transparent, accurate and easy. Compare the sari policy and take a wise decision.

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