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What are the Best Health Insurance Plans for your Family?

Author: Prateek Jha
by Prateek Jha
Posted: Oct 14, 2016

Although there is no dearth of health insurance policies in India today, but still it is very complicated for policy buyers to decide the best Family Health Insurance and Mediclaim Plans for Family that perfectly suit their needs and personal demands. There are certain checkpoints that policy buyers often need to consider while short listing any health product including, the coverage offered, whether coverage is for lifetime and if there any set limits for the surgery expenses etc. Below your will find few health insurance policies for family which you can review and compare to find the best health insurance for you and your family.

Apollo Munich Optima Restore

Apollo Munich Optima Restore is the health insurance plan best suited for personal requirements and your family. Some of the key features of the policy include:

  • Automatic Restore Benefit – The key highlight of this family health insurance is that it undertakes to restore the basic sum insured if the policy holder uses the entire coverage in a particular year. Unlike other family floater insurance plans where no coverage is offered to the family members after the sum assured is exhausted, the Apollo Munich Optima Restore ensures to take care of your dependants covered under the policy even when the sum assured exhausted by providing automatic restore benefits. The restored sum assured can be used for treatment of any diseases. But for every ailment only one claim can be made.
  • Lifetime Renewal – There is no limitation on age for renewal of the policy
  • No Loading and No Sub Limits – There is no sub limit and no additional premium is required if any claim is made in previous year
  • No Claim Bonus and Multiplier Benefits – The policy tends to increase the sum assured by minimum 50 percent if no claim has been made in a year. If the subsequent year is also claim free then the sum assured will get doubled automatically.

ICICI Complete Health Insurance

ICICI Complete Health Insurance is the best Family Health Plan that is designed to meet all the health insurance needs of you and your beloved family. The key features of the plan:

  • Lifetime Renewal – There is a facility of lifetime renewal without any restriction on maximum entry age
  • High sum assured option – A wide variety of sum assured options are available ranging from 1 Lakhs to 50 Lakhs
  • Critical Illness Option – Under this health insurance plan for family, the policy holder has the option to choose the critical illness coverage for specific critical ailment or medical procedures. A lump Sum amount will be paid to the policy holder or to the family for the diagnosing and treatment of the critical illness.

Other Highlights

  • Wide tenure option of 1-2 years for individuals and family
  • Option to reduce premiums by setting sub limits for common surgeries
  • No claim bonus

Max Bupa Family First

This health insurance policy is offered both as individual plan as well as family floater plan. This policy has been designed by keeping the specific demands and needs of joint families in India.

Key Features

  • Covers Entire Family – Your entire family is insured under this Family Health Plan. The primary highly of the plan is that it can cover around 13 members of your family.
  • No Entry Age – There is no entry age for enrolling with this family healthy policy. Even senior citizens and kids can be covered under this plan
  • No Limits – Unlike other family health insurance and Mediclam Plans for Family, this policy has no sub limit for any illness or surgeries.
  • No Loading – The policy holder is never charged additionally if any claim has been made in previous year.
  • Maternity Benefits – Under this health insurance plan, there is a
maternity benefit and newborn baby care benefit available, especially if only two male adults are included into this plan.

About the Author

Prateek is a seasoned independent writer. His explanatory and creative writing style helps understand the subject matter easily and offers tips, tricks and expert suggestions for Star Health Insurance polices..

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Author: Prateek Jha

Prateek Jha

Flag of India

Member since: Jan 23, 2016
Total live articles: 26

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