Health insurance plans for family are a boon during medical emergencies and enable the family to seek treatment immediately without worrying about the funds. Family health insurance plans cover the entire family's major and minor medical expenses under one plan. The premium value and sum insured differ from policy to policy. These plans come with a comprehensive package with a sum insured up to Rs. 2 crore, depending on the policy chosen. Also, the sum insured floats among all the members registered in the family health insurance plan.
You can avail of coverage for medical expenses against hospitalisation, pre-and post-hospitalisation, doctor’s fees, modern and AYUSH treatment, daycare procedures, domiciliary treatment and other medical-related expenses. The insurer will compensate up to the maximum sum insured on the plan. However, if your plan offers the facility of sum reinstatement, you can also benefit by restoring 100% of the sum insured on the policy.
Mediclaim are limited sum insured up to Rs. 5 lakh policies. As far as I understand, there are no mediclaim policies that cover the entire family, as its mostly for individuals. Please suggest keywords with right context and understanding the insurance terms.
Here’s a glance at the key features and benefits of health insurance plans for family:
|Sum assured||Rs. 1.5 lakh – Rs. 2 crore|
|Daycare procedures||586 daycare procedures|
|Cumulative bonus||10% - 50% on the sum assured|
|Ambulance charges (per year)||Up to Rs. 20,000|
|Free preventive tests||Every 3 years|
Get a sum assured ranging from Rs. 1.5 lakh to Rs. 2 crore and pay the medical bills of your entire family.
Pay just one single premium amount and get the best medical treatment for the whole family.
With family health insurance, you can save tax under prevalent tax laws.
Add a family member to your existing family health insurance policy based on the specific policy terms.
A range of add-on benefits covers expenses for organ donors, maternity and the newborn baby, bariatric surgery, or even ayurvedic and homoeopathic hospitalisation under a single policy.
No need to take a medical test if specified in the policy and subject to a clean proposal form.
All policyholders are eligible for a free preventive health check-up every 3 years, irrespective of a claim.
Get a cover for ambulance charges up to Rs. 20,000 in a policy year.
Here are some of the top health insurance plans for family offered by Bajaj Finance:
|Family health insurance plans||About the plan||Sum insured||Network hospitals|
|Aditya Birla Activ Assure Diamond||This family health insurance plans offers comprehensive coverage against a wide range of health features, making it one of the most optimal investment plans.||Up to Rs. 2 crore||8000+|
|Aditya Birla Group Activ Health Plan||It is also one of the top health insurance policies for families as you can stay covered against major illnesses like asthma, blood pressure issues, cholesterol, diabetes, hypertension and more. This policy covers all these medical expenses and hospital treatments for all the insured members.||Up to Rs. 10 lakh||8000+|
|Aditya Birla Super Top-up||If you need add-on health coverage for your family, the Aditya Birla Super Top-up Plan is ideal. The plan allows you to select all the additional advantages your family requires, which are otherwise unavailable in many family health insurance plans.||Up to Rs. 50 lakh||8000+|
|Bajaj Allianz Health-Guard Policy||Health-Guard from Bajaj Allianz is a comprehensive health insurance plan covering medical costs incurred during hospitalisation due to a major illness, surgery or accident.||Up to Rs. 50 lakh||6500+|
|Bajaj Allianz Global||This health insurance policy for families intends to provide worldwide coverage in death, incapacity, or injury due to an accident. This policy is exactly what it says it is: a single policy that provides you with a world of security.||Up to Rs. 2 crore||6500+|
|Minimum Age||Family members - between the age of 18 to 65 years.
Dependent children - between the age of 3 months to 30 years.
|Members Covered||Self, spouse, dependent children, dependent parents and parents-in-law|
To make an informed decision, one must know the primary inclusions in a mediclaim policy for family. Most family health insurance policies cover the following:
In addition, many other services and expenses are covered in different health insurance plans.
The following expenses are not covered under a family health insurance:
Note: The exclusions may differ for various plans. Kindly read the policy wordings before purchase.
Family health insurance has become increasingly crucial as medical inflation rises yearly. Family health insurance comprehensively protects the entire family from minor injuries to major illnesses, from accidental injuries to outpatient procedures.
A family health insurance plan covers all family members under a single premium. If numerous claims are filed at the same time, the sum assured is divided among all family members. It brings mental peace and freedom to concentrate on treatment and recovery.
Here's a list of key benefits of family health insurance.
One of the best things about having family health insurance coverage is that it ensures your complete family, including your extended family and in-laws, is under one policy.
An unforeseen sickness can affect a family's financial plans and deplete their funds. A health policy will cover the medical costs while keeping your savings intact.
You can get a 100% reinstatement of the sum insured if the sum insured has been exhausted.
Whether due to illness or injury, family health care insurance plans handle the bills and payments to prioritise the patient's health, treatment, and rehabilitation.
Family health insurance will protect you from rising healthcare costs and allow you to receive the best treatments at renowned hospitals.
Bajaj Finance brings to you family insurance plans offered by top health insurance providers in the country. It is an established and trusted company that puts customers' interests at the forefront of its policies. Bajaj Finance offers comprehensive family health insurance plans that are cost-effective and convenient. Their online customer portal makes it very easy to buy/renew policies or apply for compensation. Bajaj Finance also has an impressive claim settlement ratio.
Bajaj Finance is a name that inspires trust amongst customers. The company has provided efficient and affordable insurance policies in all sectors and consistently has been amongst the country's top distributors of health insurance plans.
Bajaj Finance's online customer portal for family health insurance is quick, easy, and secure. This digital platform is informative and interactive, with a customer-centric approach.
Just keep the required documents ready, and the claim process will be completed in a short period. The online claim process is accessible and easily manageable for customers.
Here’s why customers prefer us:
Here are the documents required of each family member registered under a family health insurance plan:
Passport-size photographs of all members of the family are covered in the policy.
Medical reports, if required by the insurer.
Applying for health insurance online is quick and easy. Most health insurance sites have a section for online buying and renewing of policies. The process is secure and straightforward and makes buying the family health insurance policy hassle-free.
Here are a few easy steps you can follow to buy or renew a family health insurance plan online.
You can file a family health insurance plan claim in the following ways:
A family medical insurance can help you save on taxes. It gives you a significant tax benefit under Section 80D of the Income Tax Act of 1961.
In addition to the medical benefits of family health insurance, the premium paid for the policy also reduces your annual income tax obligation.
Family Health Insurance is a comprehensive policy that offers medical cover to all family members under one policy. It is affordable, more efficient, and provides more benefits to the policyholder.
Parents can be added to the Family Health Insurance Policy. There may be an increase in the premium, depending on their age and pre-existing diseases.
In a Family Health Insurance Plan, individual family members are given separate policies based on age and requirement. In Family Floater Health Insurance, the entire family is covered under one policy with benefits to all members.
A newborn baby can be added to an existing Family Health Insurance Policy after three months of birth.
In case of death of the primary policyholder, the Family Health Insurance Policy can be passed to any other adult member of the family. The premium of the existing policy will not be reduced. The benefits of the original policy will remain intact until the next renewal, at which point the required changes can be made.
Most Health Insurance Plans have a reinstatement facility. If the sum assured is exhausted, a top-up amount is added to cover additional expenses. The percentage of the top-up amount differs from policy to policy.
The individual health insurance individual health insurance policy is for one person. In comparison, a family floater health insurance policy covers all family members under one policy.
Premiums for family health insurance plans differ from insurer to insurer. At Bajaj Finance, you can choose from a wide range of family health insurance plans with premiums that fit most pockets.
Bajaj Finance Limited believes that a health insurance policy should be worth the coverage provided and the premium paid. Select a health insurance plan that offers comprehensive coverage to your entire family. It should offer a higher number of network hospitals. You can avail of cashless services from these network hospitals at the time of hospitalization or emergencies. Before as well as after hospitalization, you may need to undergo several tests. So, your health insurance plan should cover pre-and post-hospitalization expenses. Periodical medical check-ups are inevitable in the current busy lifestyle. So, purchase a plan that offers a complimentary medical check-up for all the insured people of your family. You can choose the right plan that suits all your needs with Bajaj Finance Limited.
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