Safeguard your loved ones with Family Health Insurance! 

Family health insurance is self-explanatory in that it covers the entire family. The policyholder pays a single premium regardless of age, which covers all family members. Individual health insurance, on the other hand, requires you to pay separate rates for each person. This is how a family health insurance policy differs from an individual health plan.

Importance of family health insurance policy

Even with meticulous care, an individual’s health can be unpredictable, therefore health insurance is a must to be able to manage the costs in the event of an unforeseeable health incident. We put forth a lot of effort only to provide for and safeguard the lives of our families. In any case, their presence is our highest priority. As a result, ensuring their health is critical in ensuring the family’s future. The following are the key factors of a family health insurance in India:

Cashless facility: In a cashless facility, the insured receives treatment without having to pay cash. The settlement occurs between the insurer and the hospital in their network.

Maternity coverage: The Family Health plan includes a maternity rider that covers hospitalization costs, delivery expenses, C-sections, terminations, etc. Rider coverage lasts for 30 days before delivery and 60 days following delivery.

Accidental coverage: This plan includes accidental coverage as well as a premium waiver in the event of permanent incapacity caused by an accident.

Critical illness coverage: Under a family health insurance policy, critical illnesses such as diabetes, thyroid, hypertension, and cancer are covered. If you have a stated medical condition, you will be compensated.

Benefits of having the best health insurance plan for Family

As with any other plan, the family health insurance has its own benefits that we should be aware of before purchasing. Please take a look at the following:

Affordable Premium: Health insurance plan for family has a low premium because you only have to pay a single premium for the entire family. Your husband, child, and parents are all covered, but getting an individual health plan for the parents, taking their age into account, might be wise.

Hassle-free: With a cashless facility, the treatment process is expedited because the network hospital and insurer cover the costs. This service is also provided on an individual basis.

Adding a New Family Member to the Health Plan: Adding a new family member to the health plan is as simple as paying an additional premium. This cuts down on the number of steps you have to repeat in each particular plan. Make careful to increase the sum insured amount when adding your parents to an existing plan.

COVID health insurance: To protect your family financially against coronavirus, “Coronavirus health insurance” has been introduced, which covers the cost of Covid-19 treatment on a family floater basis.

Tax deduction: If you pay a premium for an individual or a family’s health insurance, you may be entitled to a tax deduction under section 80D of the Income tax.

Additional benefits: Under family health insurance plans, additional benefits such as critical sickness and pregnancy expense coverage are offered as add-ons. Before choosing the finest health insurance plan, read the policy conditions carefully to learn about the waiting period.

Family Health Insurance

Family health insurance is self-explanatory in that it covers the entire family. The policyholder pays a single premium regardless of age, which covers all family members. Individual health insurance, on the other hand, requires you to pay separate rates for each person. This is how a family health plan differs from an individual health plan.

Why is family health insurance important?

Even with careful care, an individual’s health can be unpredictable, therefore health insurance is a must to be able to manage the costs in the event of an unforeseeable health incident. We put forth a lot of effort only to provide for and safeguard the lives of our families. In any case, their presence is our highest priority. As a result, ensuring their health is critical in ensuring the family’s future.

Factors of health insurance plans for family

Cashless facility: In a cashless facility, the insured receives treatment without having to pay cash. The settlement occurs between the insurer and the hospital in their network.

Maternity coverage: The Family Health plan includes a maternity rider that covers hospitalization costs, delivery expenses, C-sections, terminations, etc. Rider coverage lasts for 30 days before delivery and 60 days following delivery.

Accidental coverage: This plan includes accidental coverage as well as a premium waiver in the event of permanent incapacity caused by an accident.

Critical illness coverage: Under a family health insurance plan, critical illnesses such as diabetes, thyroid, hypertension, and cancer are covered. If you have a stated medical condition, you will be compensated.

Benefits of Family Health insurance plan

Affordable Premium: Family health insurance has a low premium because you only have to pay a single premium for the entire family. Your husband, child, and parents are all covered, but getting a separate health plan for the parents, taking their age into account, might be a wise move.

Hassle-free: With a cashless facility, the treatment process is expedited because the network hospital and insurer cover the costs. This service is also provided on an individual basis.

Adding a New Family Member to the Health Plan: Adding a new family member to the health plan is as simple as paying an additional premium. This cuts down on the number of steps you have to repeat in each particular plan. Make careful to increase the sum insured amount when adding your parents to an existing plan.

COVID health insurance: To protect your family financially against coronavirus, “Coronavirus health insurance” has been introduced, which covers the cost of Covid-19 treatment on a family floater basis.

Tax deduction: If you pay a premium for an individual or a family’s health insurance, you may be entitled to a tax deduction under section 80D of the Income tax.

Additional benefits: Under a family health insurance plan, additional benefits such as critical sickness and pregnancy expense coverage are offered as add-ons. Before choosing the finest health insurance plan, read the policy conditions carefully to learn about the waiting period.

Types of health insurance plans for parents

There are three different types of health plans one can choose from. Look at it to get a better understanding:

Senior health insurance: This provides health insurance to the elderly over the age of 60. In addition to other advantages that basic health insurance lacks, senior health insurance offers a shorter waiting period for pre-existing conditions.

Family health insurance: Every member of the family is protected by family health insurance. which includes the partner, parents, kids, and in-laws. By paying an extra premium, one can add a new member to the insurance plan.

Health insurance for individuals: As the name implies, this plan is intended for a single person and can be modified in accordance with the requirements of the individual. People under the age of 60 and parents under 60 are eligible for this plan.

Inclusions and Exclusions of Family’s health insurance plan:

Depending on the policy, the exclusions list may change: