Family health insurance is one of the best ways to protect your family from unexpected health emergencies. Certainly, our family is the most essential part of life and thus we always want to keep our family members safe.
How does one do that? It is simple, buy the best health insurance plans for families.
There are various health insurance policies for the family available in the market. It is advisable to compare the health insurance quotes offered by various health insurance companies and at the same time choose the cheapest yet the best health insurance plans for a family that does not compromise facilities. You can take expert advice for a family caregiver insurance plan benefits.
What is a Family Health Insurance?
Family Health Insurance Scheme is a health insurance plan specially designed for families. Primarily, it is similar to an individual health insurance policy with the only difference being that a family health plan covers the entire family.
Here is an example to make it easy for you. Supposedly, you are a salaried employee aged 45 and have four members in your family including two children. To secure your family, you purchase personal medical insurance of INR 3 lakh for each member of your family.
Then, if your child is diagnosed with any serious illness and the entire health care cost is more than INR 4 lakh, you have to pay the balance of INR 1 lakh from your pocket.
Conversely, if you buy a family health policy of Rs 5 lakh and a similar situation occurs, you will get coverage for the entire amount and you will not have to pay anything extra.
So, each person with family responsibilities is recommended to purchase a family health plan. Buying a health insurance policy for the family is not only effective but at the same time ensures a large health coverage.
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What are the Best Health Insurance Plans for Families in India?
You may not have a health insurance policy that meets all your needs. There are many health insurance policies available and each policy offers some unique coverage benefits.
You need to find out the benefits and find out what is covered and what is excluded, and then select the best health insurance plans for the family. You can do some online research or you can talk to our customer care team, and choose the one that suits your needs.
1. Religare Health Insurance Care
Care, a health insurance policy offered by Religare, is one of the best health insurance plans in India, thanks to its comprehensive coverage. It is one of the few health insurance policies that have no upper age limit.
This means that a person can buy this policy regardless of his age. It provides a cover of up to Rs 60 lakhs at a very reasonable premium. As a further benefit, the Sum Insured is reintroduced if it expires during the year.
Other benefits of this policy include free health check-ups every year, no claim bonus of up to 150%, a 7.5% discount on the policy term of two years, worldwide coverage, and lifetime renewal. The scheme provides coverage for ambulance charges and daily allowance on hospitalization.
If the age of the insured is more than 61 years at the time of enrollment, the waiting period is four years and the co-payment is 20%.
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2. Apollo Munich Optima Restore
Of the many health insurance plans available from Apollo Munich, Optima Restore is the best option. Primary Cause: As with all standard benefits, the sum assured is reinstated without any additional payment if it expires during the policy term.
It permits inclusion with a limit of 6 lakh individuals with a confirmation of a limit of Rs 15 lakh. It additionally gives cover to the costs of hospitalization as long as 180 days after release. There is no co-installment condition of the plan and it doesn’t force any room lease sub-limit. There is additionally a day-by-day money advantage during hospitalization.
If you opt for a policy term of two years, it offers a discount of 7.5% on the premium. In addition, a no-claim bonus is provided for every year without a claim for 50% of the original sum insured. Another advantage of choosing this policy is that there is a wide number of add-on covers such as the treatment of critical illness available from Apollo Munich.
3. Deen Dayal Swasthya Seva Yojana
Deen Dayal Swasthya Seva Yojana, Goa is a health care coverage conspire dispatched by the state legislature of Goa for every individual living in the state for five or more years.
Under this plan, the public authority will give a protection front of Rs. 2.5 lakh for a group of up to 3 individuals and a protection front of Rs. 4 lakh for a group of multiple individuals in the state.
The government assistance of individuals of the State is the undertaking of any Government and to accomplish this end, the federal retirement aid net requires further reinforcing.
Subsequently, the State Government reported Deen Dayal Swasthya Seva Yojana, Goa in its State Budget to give well-being inclusion through a protection strategy Scheme to the whole inhabitant populace of the State.
In this way, Health Insurance could be a creative method of conquering monetary impediments, improving admittance to quality clinical consideration, and giving monetary assurance against high clinical costs to individuals of the State of Goa.
4. Max Bupa HeartBeat
If you are looking for health coverage for the whole family, one of the best health insurance plans in India is Max Bupa Heart Beat. It provides comprehensive coverage for 13 family members.
In addition, it also has a built-in maternity cover and additional benefits for newborns. There is a waiting period of 2 years for maternity cover, but for newborns, the cover is applicable for 1 day.
It has no upper age limit and has a lifetime renewal, making it the only family floater plan you will need. The scheme provides a maximum sum assured of Rs 50 lakhs, and it also has a provision for unclaimed bonuses. Max Bupa provides direct claim settlement for expenses under the scheme and no third-party authority (TPA) is involved.
Another advantage of investing in this scheme is that domicile treatment is also covered. In addition, the expenses of organ donors and organ transplants are also covered. If the insured is over 65 years of age, a 20% co-payment applies.
5. ICICI Lombard Complete Health Insurance
It is the best individual health insurance plan offered by ICICI Lombard. It has a wide network of hospitals that provide no cash settlement. With all the standard benefits, it comes with an option for lifetime renewal.
The plan also provides cover for day-to-day care procedures, with fees both before hospitalization and after hospitalization. It also includes a free annual health check-up.
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