Hello friends, in this article, Family health insurance – Which is the best family health insurance plan in India? What is the importance of family health insurance? What is not covered under family health insurance? Family health insurance or individual health insurance – which one to buy? Which one should you include in health insurance for families? Is it a good idea to cover your extended family under a family health plan? Things To Keep In Mind Before Buying Mediclaim For Family, Best Family Health Insurance Plans Of 2021. How Can You Buy Family Floater Health Insurance? How to file a family health insurance claim? Will also cover frequently asked questions for family health insurance. Let’s get started. (Read in Hindi)
Family health insurance: Provides coverage to the entire family under a single insurance policy. It is a type of health insurance, which can be customized as per the needs of your family. You are free to cover others including yourself, your spouse, your children, and your parents under this policy. You can be sure with family health insurance that you are covered for expenses related to accidental injuries or illnesses of all members (including COVID-19) as these plans cover all types of expenses.
What is the importance of family health insurance?
The importance of therapy for a family cannot be underestimated for the following reasons:
Whole family protection: Instead of taking separate health plans for all the members, you can buy a family floater plan and cover all the members under the same. It covers all at the same time and is affordable.
Affordable Value: The premium payable for health insurance for families is cheaper than the premium payable for individual health plans. For example, you have a family of 4 members, and you want to buy health insurance for all. Hence, buying an individual policy for each member will be costlier than buying a family floater plan which includes 4 covers.
Additional benefits: Companies allow individuals to make add-ons to boost the coverage of their existing family health plans. Such add-ons include Maternity and Newborn Cover, Critical Illness Cover, etc.
Tax Benefits: Family health plans can avail of tax benefits under section 80D of the Income Tax Act, 1961 by paying a premium.