Health Insurance Plans for Family

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.

Benefit of Family Health Insurance Plans

• 

  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.

• 

  Hassle-Free Payment

  Pay just one single premium amount and get the best medical treatment for the whole family.

• 

  Save Tax

  With family health insurance, you can save tax under prevalent tax laws.
  

• 

  Addition Of A Member

  Add a family member to your existing family health insurance policy based on the specific policy terms.

• 

  Add-On Benefits

  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 Pre-Medical Tests

  No need to take a medical test if specified in the policy and subject to a clean proposal form.

• 

  Free Annual Check-Up

  All policyholders are eligible for a free preventive health check-up every 3 years, irrespective of a claim.
  

• 

  Ambulance Charges

  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:

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:

• Coverage of day-care procedures in hospitals
• Room rent coverage, hospital registration charges, service charges, etc.
• Health check-ups and vaccination expenses of all family members
• Pre- and post-hospitalisation expenses for up to 30 and 60 days, respectively.
• Critical illnesses cover and assistance services during emergencies
• In-patient treatment charges for AYUSH (Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy) are covered per policy
• Cashless transactions and immediate admission facility in hospitals
• Tax Benefits on the premium amounts

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:

• 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 the family health insurance policy.
• 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, 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 a waiting period of 6 years.

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.

Easier to manage

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.

Keeping your savings intact

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.

Reinstatement value

You can get a 100% reinstatement of the sum insured if the sum insured has been exhausted.

Mental peace and freedom to concentrate on treatment and recovery

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.

Protection from medical inflation through the years

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.

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 country's top distributors of health insurance plans.

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.

Here’s why customers prefer us:

• Our health insurance partners provide cashless facilities for over 6500+ network hospitals.
• There are around 586 day-care procedures covered under health insurance plans. The number may vary depending on the policy you choose.
• Our partners have a claim settlement ratio of 98%.
• You can earn a 20% and 50% cumulative bonus on the sum insured for claim-free years.
• The claims are settled within a few minutes.

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 licence
• Voter's ID card, etc.

Address proof:

• Telephone bill
• Electricity bill
• Ration card
• Passport
• Driver's licence

Identity proof:

• Passport
• Aadhaar card
• Voter's ID card, etc.

Photographs:

Passport-size photographs of all members of the family are covered in the policy.

Medical reports:

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.

• 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'

You can file a family health insurance plan claim in the following ways:

For cashless services, follow the process mentioned below:

• E-mail or fax the pre-authorisation form, available at the hospital's third-party administrator or insurance department. You can also get it through the insurer's website.
• All documentation, including the discharge letter, medical records, diagnostic tests, bills and so on, must be submitted.
• The claim management team will send you an approval letter if the claim request is authorised.
• If there are any questions about your claim, the insurance company will contact the hospital.
• If it's not accepted, you'll have to file a reimbursement claim.

For reimbursement claim, follow the steps below:

• Submit the claim form and any other required documentation to the address specified when the policy was purchased.
• You need to address the queries raised by the claim management team of the insurance company.
• After submitting the form, you will either receive an acceptance or rejection letter.

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.

• Your family health insurance plan is eligible for a maximum deduction of Rs. 25,000 per annum against your taxes (provided you are not over 60 years).
• If you are a senior citizen (over 60 years old), you are entitled to a maximum deduction of Rs. 50,000.
• The same is applicable if you pay health insurance premiums for your old parents aged 60 years or above.