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You may think that the savings which you amassed over the years may be enough to take care of you and your family medical needs. The fact is that the entire corpus may run out much earlier than you think, if any medical emergency happens to you and your family. Thus, having comprehensive health insurance for your family is a vital and cost-effective way which not only safeguards your life savings but also helps you to take care of you and your family’s health needs in the era of rising healthcare costs.
Forbes Advisor has done detailed and elaborated research and listed out the health insurance plans for families provided by the leading insurance companies of India.
Featured Partners
1
Aditya Birla Activ Health Insurance
Sum Insured
INR 2 lakh to INR 2 crore
Network Hospitals
9,000+
Early Bird Discount
5% discount from 4th to 7th policy year
Insurance Companies Providing Health Insurance Plans For Family
- Aditya Birla Health Insurance
- Acko General Insurance
- Bajaj Allianz General Insurance
- Cholamandalam MS General Insurance
- Manipal Cigna Health Insurance Company
- Edelweiss General Insurance
- Future Generali India Insurance
- Kotak General Insurance
- Go Digit General Insurance
- HDFC ERGO General Insurance
- ICICI LOMBARD General Insurance
- IFFCO TOKIO General Insurance
- Niva Bupa Health Insurance
- National Insurance
- Reliance General Insurance
- Care Health Insurance
- Royal Sundaram General Insurance
- SBI General Insurance
- Star Health & Allied Insurance
- Tata AIG General Insurance
- Manipal Cigna Health Insurance
- The New India Assurance
- The Oriental Insurance Company
- Universal Sompo General Insurance
List of Health Insurance Plans For Family
Health Insurance Policy Buying Tips For Families
☐ Cover all the members of the family especially those who are dependents such as spouse, children or parents.
☐ Choose a high sum-insured amount as it is distributed between all family members.
☐ Opt for a plan which has an inbuilt restoration benefit of the sum insured.
☐ Carefully check the waiting periods for all coverage being offered.
☐ Young couples should opt for those family plans providing maternity and newborn coverage. Certain plans also cover first-year vaccination costs.
☐ If one has covered their parents or parents-in-law, then examine the coverage options such as knee replacement or cataract surgery covered.
Inclusions Of Health Insurance Plans For Family
- In-patient hospitalization costs are the expenses which are incurred when a patient is admitted for more than at least 24 hours.
- Pre-and post-hospitalization costs such as doctor’s consultation fees or x-ray.
- All day care procedures.
- Road and air ambulance charges.
- AYUSH treatment costs.
- Domiciliary treatment costs.
- Maternity and new-born cover.
- Critical illness cover.
- Certain plans cover mental illness costs and terminal illness such as HIV/AIDS.
Exclusions of Health Insurance Plans For Family
- Cost incurred on regular medical check-ups.
- Cosmetic surgeries such as plastic surgery or botox.
- Self-inflicted injuries such as suicide.
- Accidental injury caused in defense operations
- Dental treatment.
- Any purchase of external devices like spectacles, hearing aid, artificial limbs or artificial teeth
- Hospital admission due to alcohol and drug abuse
Featured Partners
1
Aditya Birla Activ Health Insurance
Sum Insured
INR 2 lakh to INR 2 crore
Network Hospitals
9,000+
Early Bird Discount
5% discount from 4th to 7th policy year
Advantages Of Buying Health Insurance Plans For Family
- Less dependency on corporate group plans.
- Provides insurance cover to everyone in the family under the same coverage.
- Offers comprehensive coverage for all.
- Get various discounts on adding family members in the policy.
- Insurance cover for emergencies such as accidental death, disability or any critical illnesses.
- Get coverage for maternity expenses and newborn cover.
- Various options to reinstate the sum insured coverage again, if at all used for making claims.
- Avail tax saving benefits under Section 80D of the Income Tax Act.
Frequently Asked Questions (FAQs)
What is a health insurance plan for a family?
A health insurance plan for a family is a plan where a single sum insured is shared by all the members of the family. This is referred to as a “family floater health insurance policy” where a single medical insurance policy provides insurance cover for the entire family. This kind of policy acts as an umbrella which is designed to cover the entire family under one common “sum insured” that can be claimed by everyone in the family.