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An Affordable Mediclaim Insurance Policy to Protect Your Family's Health

Posted On : 21 March 2023, 1 Years Ago. Health-Insurance

Family health insurance policies are health plans specifically tailored for families. These medical insurance policies cover your spouse, children, parents, and grandparents all under one plan. The money covered under family medical coverage is divided among all insured family members. There is only one premium and one amount of insurance. You will not be charged a separate premium for each family member. As a result, you simply pay one payment, and the insurance provider provides insurance coverage to all individuals covered by the policy.

 

Benefits of Family Mediclaim Insurance

Family health insurance policies are better suited to families because they help to decrease the additional costs associated with individual plans. They also substantially aid financial organisations because you no longer have to remember the premium payment or renewal dates. Benefits of mediclaim insurance include:

 

Preventive health insurance check-up:

The finest family mediclaim policy covers preventive health check-ups. This allows you to discover a disease in its early stages and receive appropriate treatment on time. Medical examinations also help you keep fit by encouraging you to live healthier.

 

Comprehensive coverage:

A family health insurance policy provides comprehensive coverage. This insurance covers various charges, including pre-and post-hospitalisation, ambulance fees, organ donation, AYUSH treatments, and more.

 

Affordable rates:

The ideal family health insurance policy can provide low-cost, substantial premiums on features and benefits. This allows you to protect your loved ones without jeopardising your current lifestyle or other potential financial aspirations.

 

Family health insurance plans help you save money. You pay one premium rather than multiple. The money spent is significantly decreased, and the advantages are unaffected. So, to save money, you should consider getting the finest family health insurance.

 

Reason to Choose Mediclaim Policy

Physically inactive people are more likely to suffer various health problems. Purchasing a medical policy can assist you in obtaining financial assistance in the event of an emergency. Many people today prefer to get a mediclaim policy for the following reasons:

 

  • Cashless services are available in network hospitals.
  • Individual and family mediclaim policies are available.
  • It offers tax breaks on the annual premium.

 

How to Choose the Best Mediclaim Policy?

You can choose between an individual plan and a family floater coverage. Individual plans provide comprehensive coverage, but they can be pricey. On the other hand, family floater plans are less expensive, but all included members must share coverage. You must make a decision based on your requirements. Apart from this, these are some points to keep in mind while purchasing mediclaim insurance:

 

Extensive Network of Cashless Hospitals

Once you've decided the coverage you want, you can begin evaluating the various plans on the market. To begin, list health insurance companies with a more extensive network of cashless hospitals. This is because plans with more network hospitals give you better access to cashless treatments in a medical emergency. This helps you to concentrate on getting healthier rather than worrying about medical fees.

 

Limits and Capping

Hospital bills include a variety of expenses such as ambulance charges, room-rent charges, and so on. The amount of compensation granted for each of these costs is usually limited in most plans. As a result, you should consider plans with lower/no limits and caps. This will help you receive more excellent money if you file a claim.

 

Claim Settlement Ratio

The claim settlement ratio is the percentage of claims successfully settled by an insurance company out of all claims received in a year. Choose a plan and insurance provider with a better claim settlement ratio. This increases the likelihood that your claim will be settled in a medical emergency.

 

It's normal to be perplexed while buying mediclaim insurance coverage, especially if you're a first-time customer. Insurance is not for everyone, and choosing the right plan can be difficult. There are numerous types of plans to choose from. To begin, you must pick between indemnity and fixed benefit plans. Indemnity plans pay for your medical bills, whereas fixed benefits plans pay you a predetermined amount if you suffer from any condition covered by the policy. Platforms like Niva Bupa can help find the best mediclaim policy in India.

Secure your health with comprehensive insurance plans from Nivabupa

Tell us a bit about you

Whom are you buying for ?
Myself Icon Individual
Wife Icon Husband & Wife
Family Icon Family
Enter valid name
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OTP Expires in
I authorize Niva Bupa to call me. This will override your existing registry in DNCR. I want to get my quote and policy details on WhatsApp.
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