You may think that the savings you have accumulated over the years may be enough to meet your and your family’s medical needs. If it does, your entire corpus could be gone much sooner than you think. It’s an important, cost-effective way to help protect the health needs of you and your family in an era of rising healthcare costs.
Forbes Advisor has conducted in-depth and sophisticated research to list family health insurance plans offered by leading Indian insurers.
Insurance companies that offer health insurance plans for families
- Aditya Birla Health Insurance
- Akko General Insurance
- Bajaj Allianz General Insurance
- Chomanandalam MS General Insurance
- Manipal Signa Health Insurance Company
- Edelweiss General Insurance
- Future Generali India Insurance
- Kotak General Insurance
- Go Digit General Insurance
- HDFC ERGO Non-life insurance
- ICICI Lombard General Insurance
- IFFCO TOKIO Non-Life Insurance
- Nivabpa Health Insurance
- national insurance
- Reliance General Insurance
- Long-term care insurance
- Royal Sundaram General Insurance
- SBI Insurance
- star health insurance
- Tata AIG General Insurance
- Manipal Signa Health Insurance
- new india warranty
- Toyo Insurance
- Universal General Insurance
Family Health Insurance List
Tips for buying health insurance for your family
☐ For all family members, especially dependents such as spouses, children and parents.
☐ Choose a high insurance amount as it will be distributed to all family members.
☐ Choose a plan that includes an insured reinstatement benefit.
☐ Check carefully the waiting period for all insurances offered.
☐ Young couples should choose a family plan that covers maternity and newborns. Some plans also cover the cost of first-year vaccinations.
☐ If you have covered parents or in-laws, consider covered options such as covered knee replacement or cataract surgery.
Family Health Insurance Plan Contents
- Hospitalization costs are costs incurred when a patient is hospitalized for at least 24 hours.
- Pre- and post-hospital expenses such as doctor’s fees and X-rays.
- All day care procedure.
- Road and air ambulance charges.
- Treatment costs for AYUSH.
- home treatment costs.
- Maternity and newborn covers.
- Serious illness cover.
- Certain plans cover the cost of mental illness and terminal illnesses such as HIV/AIDS.
Family health insurance exemptions
- Fees for regular health checkups.
- Cosmetic surgery such as plastic surgery and Botox.
- Self-harm, such as suicide.
- Accidental injury in defense activities
- dental treatment.
- Purchase of external devices such as eyeglasses, hearing aids, prostheses and dentures
- Hospitalization for alcohol or drug abuse
Benefits of Purchasing a Health Insurance Plan for Your Family
- Less reliance on corporate group plans.
- All family members are covered within the same coverage.
- We provide comprehensive coverage for everyone.
- Adding a family member to your insurance gives you various discounts.
- Insurance that covers emergencies such as accidental death, disability, and serious illness.
- You will be covered for maternity expenses and newborn insurance.
- Various options for reversing insurance amounts when used for insurance claims.
- Tax savings are available under Section 80D of the Income Tax Act.
Frequently Asked Questions (FAQ)
What is a Family Health Insurance Plan?
Family health insurance is a plan in which all members of the family bear a uniform insurance benefit. This is called “Family Floater Health Insurance,” and it allows the whole family to enroll in one medical insurance. This kind of insurance acts as an umbrella designed to cover the whole family under her one common “insurance amount” that they can all claim.
Why do I need a family health insurance plan?
How do I add family members to an existing policy?
What are the main differences between individual and family insurance?
Does the Family Floater Policy health check apply to everyone?
