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- Aditya Birla Activ Assure Diamond
- Aditya Birla Group Activ Health Plan
- Aditya Birla Super Top-up
- Bajaj Allianz Health Guard
- Max Bupa Health Plus
- Bajaj Allianz Professional Liability Insurance
- Manipal Cigna Pro-Health Group
- Manipal Cigna Super Top-up Group
- Bajaj Allianz Global Personal Guard Policy
- Tata AIG Accident Shield Policy
Family Health Insurance
A family medical insurance policy can prove to be a boon in times of medical emergencies and allow treatment to start immediately and progress smoothly. Family Health Insurance plans are designed to take care of the entire family’s major and minor medical expenses. Comprehensive coverage is offered to all the members included in the family.
You can secure your loved ones against any kind of illnesses or accident with a Family Health Insurance plan at a single annual premium. Comprehensive family health plans offered by Bajaj Finance Ltd. cover your hospitalisation charges, consultation fees, medicines and more. Thus, save time and money with hassle-free medical coverage for your entire family.
Key Benefits of Family Health Insurance Plans
Here’s a glance at the key features and benefits of family health insurance plans:
| Sum assured | Rs. 1.5 lakh – Rs. 2 Crore |
| Daycare procedures | 586 daycare Procedures |
| Cumulative bonus | 10% to 50% on the sum assured |
| Tax benefit | Included |
| Ambulance charges (per year) | Up to Rs. 20,000 |
| Free preventive tests | Every 3 years |
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High sum assured
Get a sum assured ranging from Rs. 1.5 lakh to Rs. 2 Crore and pay the medical bills of your entire family.
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Hassle-free payment
Pay just one single premium amount and get the best medical treatment for the whole family.
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Save tax
Save tax under prevalent tax laws.
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Addition of a member
Add a family member to your existing family health insurance policy based on the specific policy terms.
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Add-on benefits
A range of add-on benefits, covers expenses for organ donors, maternity and newborn baby, bariatric surgery, or even Ayurvedic and Homeopathic hospitalisation under a single policy.
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No pre-medical tests
No need to take a medical test if specified in the policy and subject to a clean proposal form.
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Free annual check-up
All policyholders are eligible for a free preventive annual health check-up every 3 years, irrespective of a claim.
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Ambulance charges
Get a cover for ambulance charges up to Rs. 20,000 in a policy year.
Eligibility for Family Health Insurance
• The family members are between the age of 18 to 65 years.
• The age of dependent children should be between 3 months to 30 years.
Inclusions of Family Health Insurance Plans
To make an informed decision, one must know the primary inclusions in a health insurance policy for the family. Most family health insurance policies cover the following:
a. Coverage of daycare procedures in hospitals
b. Room rent coverage, hospital registration charges, and service charges, etc.
c. Health check-ups and vaccination expenses of all members
d. Pre and post hospitalisation expenses for up to 30 and 60 days respectively.
e. Critical illnesses cover and assistance services during emergencies
f. In-patient treatment charges for AYUSH (Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homeopathy) covered as per policy
g. Cashless transactions and immediate admission facility in hospitals
h. Tax Benefits on the premium amounts
In addition to these, many other services and expenses are covered in different health insurance plans.
Policy Exclusions under Family Health Insurance
Following expenses are not covered under a family health insurance:
- Any diseases caused due to the consumption of addictive substances like alcohol, drugs etc.
- Sexually Transmitted Diseases (STDs) like AIDS or HIV are excluded from Family Health Insurance Policy.
- Any disease contracted during the first 30 days of the policy period is not covered.
- Certain diseases will be covered after a waiting period as defined by the policy like pre-existing diseases, joint replacement, prolapsed, herniated, or extruded intervertebral disc (PIVD), and bariatric surgery.
- Diseases like hernia, piles, cataract and sinusitis shall be covered after a waiting period of 2 years and maternity/newborn baby expenses will be covered after 6 years waiting period.
Importance of Family Health Insurance
Family Health Insurance Plans are beneficial in various ways, making you stress-free even in times of a global pandemic, given below are some of the important points highlighting its benefits.
Protection from medical inflation through the years
Family Health Insurance will shield against the growing healthcare expenses and allow the best possible treatment at reputable hospitals.
Safeguarding savings from getting depleted
An unexpected illness can disrupt the financial planning of a family and drain their savings. Mediclaim policy for the family takes care of the expenses and keeps your savings intact.
Coverage of all minor and major medical expenses
From minor injuries to major illness, from accidental injuries to outpatient procedures, family health insurance comprehensively protects the entire family.
Mental peace and freedom to concentrate on treatment and recovery
Illness or injury, family health care insurance plans take care of the bills and payments so that full attention can be given to the health, treatment, and recovery of the patient.
Why Choose Family Health Insurance Plans from Bajaj Finance
Bajaj Finance brings to you family insurance plans offered by top health insurance providers in the country. It is an established and trusted company known to put customer’s interest at the forefront in all 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 to apply for compensation. Bajaj Finance also has an impressive claim settlement ratio.
Reliable brand name
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 top distributors of health insurance plans in the country.
Digital Process
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.
Easy Claim Process
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.
Mandatory Documents for Family Health Insurance
Here are the documents required of each family member registered under a family health insurance plan:
Age proof:
- Birth Certificate
- Passport
- Aadhaar card
- 10th or 12th mark sheet
- Driver’s license
- Voter ID etc
Address proof:
- Telephone bill
- Electricity bill
- Ration card
- Passport
- Driver’s license
Identity proof:
- Passport
- Aadhaar card
- Voter ID etc
Photographs:
Passport size photographs of all members of the family covered in the policy.
Medical reports:
Medical reports if required by the insurer.
How to Apply for Online Family Health Insurance
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.
- Click on the App Form
- Fill in the necessary details that include your basic personal details and other requirements
- Make the fee payment online
- If required opt for a call back from our representatives or complete the process by clicking on 'Buy Now'
Frequently Asked Questions (FAQ) For Family Health Insurance
1. What is family health insurance?
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.
2. Can I include my parents in family floater health insurance?
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.
3. What is the difference between Family Health Insurance and Family Floater Health Insurance?
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.
4. Can I include my newborn baby in family floater health insurance?
A newborn baby can be added to an existing Family Health Insurance Policy after three months of birth.
5. What happens if one of the primary beneficiaries dies?
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.
6. What happens if I exhaust the sum insured of the family health insurance policy?
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.
7. What is the difference between Individual Health Insurance and Family Health insurance?
The Individual Health Insurance Policy is for one person. In comparison, a Family Floater Health Insurance Policy covers all members of the family under one policy.
8. What are the Best Family Health Insurance Plans in India?
The top 5 Health Insurance Plans are:
9. How much does a family health insurance plan cost?
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.
10. How do I choose a family health insurance plan?
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.