Top 5 Family Health Insurance Plan in India
It’s a known fact that for a majority of us, the well-being of the family comes first than that of your own health. Yes, you leave nothing behind to make sure your family is sound and safe.
Nonetheless, some uncertainties in life which are not in our control are always on the card which is natural. For example – any of your family members may face any emergency medical issues which may require an unaccounted flow of money to cover medical treatments and hospitalization.
In the same context, if you don’t have a financial backup to face any urgent medical emergencies, you may have to cough up savings and assets or take loans to cover it. As a result, the need for a viable financial product in the form of a family health insurance perfectly fits the bill.
What is a family health insurance plan?
The family health insurance scheme is nothing but an extension of a general health insurance plan where the entire members of a family are insured for a sum assured.
Compared to opting for individual health insurance plans, a family health insurance policy helps you save. It’s because you have to pay a lesser premium when you subscribe to a family health insurance plan.
The best part of a family health insurance plan is that it covers your family and you without any specific limit for an individual member of your family.
Why is a family health insurance better than an individual plan?
You should know that a health insurance policy for family scores over an individual scheme in many ways such as:
- A health insurance policy for family helps you get relief from the irritable task of keeping track of so many policies. Also, you may forget to renew one on time and if something happens to a family member during such period, you ought to lose on the claim benefits.
- You no longer need to pay hefty premiums for subscribing to lots of individual plans for all members of your family.
- Another vital feature of a health insurance policy for family is that it offers an equal share of the total sum insured figure in a calendar year
- Paying premium for just one policy on time and every time is easy to do than remembering all policy renewal dates
Which health insurance policy for family works best these days?
Although there is no dearth of quality family health insurance in India, it depends on what you are looking for while deciding on a family health insurance plan.
As a result, you should be looking out for some basic qualities while zeroing in on a health insurance policy for family provider. Make sure that your family health insurance service providers offer the following features and benefits:
Allowance For Maximum Number of Dependents
A good health insurance policy for family scheme should let you enroll as many members as a standard family may have. Most of the leading companies allow up to 6 members and are a good number.
The Assured Sum
Your family health insurance program should offer you maximum sum assured coverage ranging between Rs.3 lakh to Rs.50 lakh or even a crore.
Unique Benefits
Your perfect family health insurance policy should also have provision to offer you benefits such as:
- No sub-limit on room charges or rent
- No requirement of co-pay
- Lesser waiting period for pre-existing diseases
- Availability of restore benefits
- Multiplier benefits
- Critical advantage rider benefits
- Emergency ambulance facility
- Cashless treatment
- Reimbursement provision, and more
Now that you are aware of the vital benefits and features that a standard health insurance policy for family should have, it would be easier for you to apply online. Happy family protection!
