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Tips to Buy The Best Family Health Insurance Plan

Author: Kuldeep Singh
by Kuldeep Singh
Posted: Oct 18, 2020

Amid pandemic, the foremost thing that comes in your is your family's health and safety. You pray to God every day for their well-being. But, do you think it is enough to fight with the deadly virus? Medical inflation is galloping, and treatment costs are skyrocketing, one-time hospitalization can derail your savings. So, why take the risk? Secure your loving family under the umbrella of family health insurance. However, selecting the right health insurance plans for family is equally important. These days you can get several options in a single click. Some of them are genuine, though some are fake. That is why it's advisable to choose family medical insurance wisely. Here are some crucial factors that you should consider while selecting a health insurance family plan:

Maximum Coverage- Choose the family floater plan that provides maximum coverage to your family, including in-patient hospitalization, pre, and post-hospitalization expenses, diagnosis expenses, treatment, medication, etc. Also, check if the policy covers COVID-19 treatment. Affordable Premium- You can easily calculate the premium with online premium calculators on the companies' official websites. You can compare different plans, covers, riders, sub-limit, co-payment, etc. to get the health insurance policy at low premium.

Read Exclusions- You should also carefully check the exclusions list before finalizing the health insurance family plan

. It is so because exclusions have certain conditions, treatments, medical procedures, etc. that are not admissible, and your family will not get the claim for it. So, read the exclusions list and opt for the policy that offers maximum coverage with minimal exclusions.

Check the Capping- You will also find that some health insurers have capping on room rent, claim amount, etc. There is also a co-payment and sub-limit clause where you need to pay 5%-20% of the total bill amount and rest by your health insurance company. Thus, it would help if you opted for the family floater that has minimum co-payment or sub-limit. These days companies like Care Health Insurance also offer a co-payment waiver benefit. You can check the details on their website for more clarification.

Network Hospitals- You know the best part of health insurance is a cashless hospitalization facility. However, your family can avail of this facility at network hospitals only, which are empaneled with health insurance companies. Go for the plan from the company that covers the maximum number of network hospitals.

Read Customer Reviews- It is also advisable to read the customer reviews and ratings of the health insurance companies and their plans. With the feedback, you can analyze whether investing in a prospective health insurance policy and the provider is beneficial.

Your family's protection is your priority, especially during the pandemic. If you wonder how you will cope with any medical emergency where there is a fear of layoffs, salary cuts, shut-down, etc. family health insurance is the best solution. Check below the top health insurance plans for a family in India that you can opt for:

Health Insurance Providers

Plan Name

Entry Age

Sum Insured

Aditya Birla Health Insurance

Aditya Birla Activ Health Platinum Plan

91 days- No age limit

2 Lakh to 2 Crore

Care Health Insurance (Formerly Religare Health Insurance)

Care Health Insurance Plan

91 days- Lifelong

4 Lakh to 6 Crore

IFFCO Tokio Health Insurance

IFFCO Tokio Health Protector Plan

91 days to 65 Years

1.5 Lakh to 30 Lakh

HDFC Ergo Health Insurance

HDFC Optima Restore Family Health Plan

91 days- Lifelong

3 Lakh to 50 Lakh

So, you can go to the details of these family medical insurance plans and choose the best family health insurance plan that keeps them forever healthy. After all, it's about caring for your family.

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Author: Kuldeep Singh

Kuldeep Singh

Member since: Oct 08, 2020
Published articles: 1

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