Family Health Insurance Plans gives you and your family stress-free coverage for several medical emergencies. Additionally, you get exclusive benefits and offers, cashback benefits, easy renewals, and many more for covered family members. Scroll down to learn in detail.
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Family health insurance is a type of health insurance that gives coverage for major and minor healthcare expenses to the entire family. Let us understand this with an example:
Mr. Ashok purchased a family health insurance plan in 2010 in which he covered his father, mother and other family members. In 2015, he met with an accident and had to be hospitalised for a few days. The hospital bill was settled by his insurer as he was hospitalised in a network hospital.
After a few weeks, his father required a few preventive health check-ups. A family floater plan successfully covered the diagnostics of his father along with Mr. Ashok's prior emergency hospitalisation.
A family health insurance plan covers the family members for different kinds of health emergencies in a single premium. However, the number of family members and relationships eligible for coverage under the family health insurance varies.
Now that you know what family health insurance is, let us have a look at the inclusions and how it is useful.
Family Health Plan Inclusions | What Does It Mean? |
---|---|
In-patient hospitalization | Expenses incurred on hospitalization of more than 24 hours due to any illness or injuries |
Daycare Procedures | Procedures that require less than 24 hours of hospitalization. For example- dialysis |
AYUSH Treatments | Alternative treatments like Ayurveda, Unani, Siddha, and Homeopathy are covered |
Modern and Advanced treatments | Surgeries and treatments done with the use of modern and advanced technology are covered |
Organ Donor Expenses | Expenses covered during transplantation of required organ for the insured individual |
Ambulance and Air Ambulance | Expenses covered for road and air ambulance |
Lifetime Renewability | Enjoy continuous health benefits with this feature |
Restoration Benefit | The sum insured is restored automatically in case of partial or complete SI exhaustion |
No-claim Bonus | Added to your sum insured at the time of renewal on completing claim-free policy years |
One of the most important sections in this article for you and your family's well-being planning!
Here are our top health insurance plans for your family.
Family Health Plans |
Entry Age
|
Sum Insured
|
Best Features | View Plans |
---|---|---|---|---|
Niva Bupa Reassure 2.0 | Minimum: 18 Years Maximum: 65 Years |
5 L - 1 Cr | Health check-ups starting from day 1 | |
Niva Bupa Aspire | Minimum: 1 Day Maximum: No Limit |
3 L - 1 Cr | Lock the clock Booster+ M-iracle benefits worldwide coverage |
|
Aditya Birla Activ Health Platinum Enhanced | Minimum: 91 Days No maximum age for entry |
2 L - 2 Cr | Pre and post-hospitalization cover for mental illnesses | |
ManipalCigna Prime Advantage | Minimum: 91 Days No maximum age for entry |
5 L - 1 Cr | Switch off your coverage when traveling abroad | |
Star Health Assure | Minimum: 91 Days Maximum: 75 Years |
5 L - 2 Cr | Utero-fetal surgeries are covered after a specific waiting period | |
Care Supreme | Minimum: 90 Days Maximum: 99 Years |
7 L - 1 Cr | Discounts on diagnostics, consultations, etc. | |
Star Family Health Optima | Minimum: 16 Days Maximum: 65 Years |
1 L-25 L | Includes compassionate travel cataract surgery |
|
Care Classic | Minimum: 91 Days Maximum: No Limit |
5 L- 15 L | Assisted Reproductive Treatment included | |
ICICI Lombard Health AdvantEdge | Minimum: 91 Days Maximum: 65 Years |
5 L- 3 Cr | Gives worldwide coverage | |
TATA AIG MediCare Health Insurance | Minimum: 91 Days Maximum: 65 Years |
5 L- 50 L | Covers for compassionate travel |
The age (last birthday) at which you buy an insurance policy is your entry age to that policy. Insurance policies usually come with a minimum and maximum age at entry which means that you must attain a specific age or should be less than the maximum age to buy a policy.
Sum insured is the maximum monetary coverage that a health insurance policy provides you. You should decide your sum insured based on the cost of medical treatments, your health, income, and lifestyle habits.
The plan covers up to 6 members of your family. This plan is economical and best for big families. With features like Lock the Clock, Live Healthy, Booster+, and much more, this plan is one of the best plans in the market. Under this plan, all non-payables are covered under the Safeguard+ feature. It gives full coverage whether you opt for hospitalisation or domiciliary treatment.
Another amazing product for health insurance by Niva Bupa, the Aspire plan offers multiple benefits for a single premium. You will get end-to-end maternity benefits which include, tests, vaccinations, surrogacy, IVF, delivery procedure, and even legal adoption. Along with this, the plan offers the option for Global coverage, Lock the Clock/ Lock the Clock+, Booster+, future-ready benefits, live healthy benefits and OPD wallet. Niv Bupa Aspire Plan is the wholesome plan that you need and gives coverage for almost everything that you can imagine in the case of health insurance.
This plan is the best as it covers chronic illnesses from day 1 of the purchase. Moreover, this plan will secure you with INR 2 Crore of Sum Insured. You will get coverage for conditions like mental illness hospitalisation, modern treatments, and much more. The insured individuals are entitled to a premium waiver in case of the detection of the listed critical illness. Also, you can double your sum insured in 2 claim-free years which is up to 1 Crore max.
Download the brochure of Aditya Birla Activ Health Platinum Enhanced:
Your comprehensive health insurance plan with in-built OPD coverage. You can customise the plan as per your specific requirements. You can also, restore 100% of your sum insured any number of times be it for a related or unrelated illness. With the add-on benefit, you can add infertility treatments up to INR 2.5 Lakhs above the maternity limits. The critical illness riders with this plan give coverage for 11 listed critical illnesses.
The plan offers multiple features such as a star wellness program, second medical opinion, organ donation, maternity cover, newborn baby cover, modern treatment, AYUSH treatment and much more. It is a comprehensive plan that will be suitable for your family, and you can add up to 6 adults and 3 kids. You can avail up to 20% discounts on renewal premiums on completing your fitness activities. You can also get long-term discounts for being associated with the Star Health Assure plan.
The plan gives multiple health benefits such as doctor on chat, and discounts on services like consultations, diagnostics, maternity, and much more. Care Supreme is a comprehensive health plan that offers a large amount of sum insured options to its customers ranging between 7 Lakhs to 1 Crore. Additionally, the claim shield rider of this plan offers coverage for expenses related to 68 non-payable items during hospitalisation. You can also modify the waiting period as per your requirements.
The policy gives wellness rewards for keeping yourself healthy. With this plan, you can cover yourself and your loved ones too. It is a super saver policy, which gives extra benefits in a single sum insured. Its special features include domiciliary hospitalisation, organ donor expenses, health check-up costs and much more. You can also get assisted reproduction treatment, cataract surgery, accidental coverage and AYUSH treatment with the plan.
Get the coverage based on your residential zone. Care Classic is the family floater plan offered by Care Health Insurance Company. It is ideal for married couples, joint families, and young and grown-up families. The plan covers the expenses for IVF Treatment and gives some added services like health tips for staying healthy and doctor consultation in case of general consultation. Apart from all these, the plan also gives coverage for domiciliary hospitalisation up to the Sum Insured, ambulance cover, and covers the expenses for compassionate travel.
Download the brochure of Care Classic Health Insurance Plan:
Another family floater beneficial plan that gives worldwide coverage along with teleconsultations, domestic air ambulance, day care treatment, home care treatment, health assistance services, vaccine coverage and much more. You will get a 15-day free look period, during which you can review the terms and conditions of the policy and understand it with the help of the insurer. It is a wholesome health insurance policy to protect you and your family in case of any health emergency.
It is a comprehensive health insurance plan that is specially designed after keeping in mind the increasing cost of medical expenses. This plan offers several benefits like lifelong renewal, restore benefits, global coverage, and a strong network hospital coverage. You will also get, annual health check-ups, global coverage, ambulance covers, and AYUSH treatment.
Download the brochure of TATA AIG Medicare Health Insurance:
Take care of these 3 essential features before investing in a family medical insurance
Now you might be thinking about the benefits of a family health insurance plan and why you should buy it. Well, there are several reasons we can give you for this question. Have a look below for the same.
Buying a health insurance plan for a family is hugely beneficial as it provides them with the required medical support, healthcare facilities, and ease of receiving quality medical treatments in an emergency. Therefore, several aspects should be considered carefully before purchasing a health plan for a family to ensure it meets all your needs. These are:
Here is a list of questions you can ask your family health insurance provider.
Moreover, you can call the toll-free number of PolicyX and our insurance experts will guide you through the features, benefits and even terms & conditions of any family health policy.
Avoid these common mistakes most people make when purchasing family health insurance:
How many times have you clicked on 'I agree' without reading the terms and conditions? Can't remember right?
Do not do this when investing in family health insurance.
Co-pay and deductibles are conditions applied by health insurers to reduce premiums for you.
However, co-pays and deductibles are the percentage of money that you are entitled to pay on your own during hospitalization. Co-pays are fixed values set by insurers while deductible amounts can be opted for by you.
Read online reviews about the family health insurance plan if you want to understand the services provided by the insurer.
Understanding the market image of the insurer is important before making a purchase decision.
Do not make the mistake of trusting a sales rep blindly. Ask questions as per your needs and requirements.
Here is a list of questions you can ask to your family health insurance provider.
Claims are the most essential part of a health insurance cycle. A high claim settlement ratio means a high number of claims settled by the insurer in a financial year.
Your family health insurance plan should provide you with a hassle-free claim settlement process so you can focus on recovery.
If you have a family history of cancer or any other major ailment, pair a Critical Illness (CI) rider with your family health plan.
Similarly, a lot of people skip riders thinking that it will increase their overall premiums. Riders are tools to enhance your family's health insurance at minimal additional premiums.
Everyone would buy a Ferrari if they could. But is it practical for your daily routine? A lot of times, we are tempted by the best product in the market and ignore our usage value.
Select a family health insurance that caters to your family as a whole and also individually. Pick the right coverage features with an adequate sum insured.
Due to the priorly set age brackets by all the insurers, you will have to produce the age proof of all the family members that you wish to include in the mediclaim policy for family. You can submit the following documents to prove that all of your family members fall into the age cap set by the insurance company:
Your address proof is required so that the insurance provider can send all the necessary documents to your place of residence. You can submit the following documents to prove your residency:
Identity proofs state your individuality to the insurance company. You can submit the following documents to the insurer:
Apart from your personal details, the insurer can ask for the medical reports of you and your family members. Health insurance plans for family require the medical history of all the members so that the insurer knows about the possible and pre-existing health issues. This particular information depends on the policy that you are purchasing or your insurer.
The insurer will provide you with a policy proposal form when you will purchase a mediclaim policy for family. You must fill the form with accurate details for yourself and your family and submit with the other required documents.
Choose Health Insurance Coverage of Your Choice
Buying a family health insurance means, keeping your mind free from unnecessary tensions. When purchasing family health insurance for your family, remember to ask many questions. Understand the needs and requirements of your family members and choose the plan wisely.
If you still are unsure about the best family health insurance plans in India, consider giving us a call. Our expert PolicyX advisors will guide you through the process of making the right insurance purchase decision end-to-end. This ensures not only your well-being but the overall health protection of your dear family members.
Explore top health insurance companies to buy the most suitable mediclaim policy for families.
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Simran is an insurance expert with more than 3 years of experience in the industry. She may have all the answers to your insurance queries. With a background in Banking, she proactively helps her readers to stay on par with all the latest Insurance industry developments.