Tips Before Buying Health insurance Policy

You can provide coverage of yourself, your children, your spouse on a floater sum insured which your family members can claim for the entire sum insured. This plan can be customized as per the needs of the family.

In the current times where the pandemic is going on, the health of your family should be of paramount importance to you. Health insurance is very important to get the right treatment for your family in the rising medical expenses. Nowadays coverage of COVID-19 can also be added to the old floater family policy.

Coronavirus

However, you can also take a special health insurance policy for Kovid-19 like Corona Kavach policy. In this, the cost of all hospital treatment, home treatment and AYUSH treatment related to Kovid is included. It also pays for medical equipment like PPE kits, gloves, masks, oximeters, ventilators, foot covers, etc.

If you are looking to buy a suitable insurance policy for your family, then you can look at the best family health insurance policies on the policy market and compare them.

Benefits of taking 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 easy to buy a mediclaim policy for your family, we have listed below the best health insurance plans of the best 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

48 months

after the waiting period

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 only cover the age limit of 60 to 65 years.

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