Family Health Insurance
Beat medical inflation and provide quality treatment to your family.
A term life insurance is claimed by the beneficiaries or dependents (family members) to the insurance company against the death of the policyholder within policy tenure. After the beneficiaries file a request for the death benefit, the insurance provider pays out the sum assured on approval of the claim.
A family health insurance is a health insurance policy that offers financial coverage for two or more members of an insured’s family. This is a single premium policy where a predefined sum is promised to provide in case the policy holder’s family member gets hospitalized.
Benefits of Family Health Insurance
This policy enables you to avail cashless uninterrupted treatment for your family with hospitalization expense coverage.
Get Health Insurance cover for parents in the same plan and also, avail individual health cover by paying an additional premium.
Covid Health Insurance for the family covers the expenses of medicines, PPE kit, ICU, and other medical necessities.
The policy covers your children, spouse, and parents under one plan with an affordable premium.
Avail discounts and other perks under the family health insurance policy offered by the insurer.
It lets you add new family members to the existing plan easily.
Health insurance premium makes you eligible for tax benefits.
What should you check before buying a Family Health Insurance Plan?
Before buying a new health insurance plan for your family, keep in mind four important factors.
Availability of cashless hospitalization
Check and ensure that your health insurance provider has good hospitals in their network. So, you can avail a cashless hospitalization for your family member and start the treatment immediately.
Maximum renewal age
Age renewal policy may differ from company to company. Some health insurance companies allow policy renewal at a maximum of 60 to 65 years of age, while other companies may offer lifelong renewal facilities.
Hassle-free claim settlement
Read your health insurance provider’s policy carefully to understand how exactly their claim settlement process works. It’s better to opt for the company which assures cashless hospitalization without any intricate or time-consuming documentation.
Submit the duly filled and signed documents
After checking and cross checking that the documents are rightly attached with the claim settlement form, submit it online or at the branch office.
Exclusions in Family Health Insurance
In India, generally, insurance companies don’t provide coverage for certain conditions. Before finalizing your plan, read the policies carefully and be well-informed about the exclusions. Almost all family health insurance plans exclude some common medical expenses such as –
Aesthetic treatments or plastic surgery
Life support machine expenses
Pregnancy-related complications
Pre-existing diseases
OPD treatments
Regular medical check-ups
