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Family Health Insurance Plans to Look Out

Posted On : 19 April 2023, 1 Years Ago. Health-Insurance
Family Health Insurance Plans

In today’s world, family health insurance plans are becoming increasingly important for families in India. With a growing population and rising healthcare costs, having a family health insurance plan can provide peace of mind and financial security.

 

There are a variety of family health insurance plans available in India, each offering different levels of coverage, premiums, and benefits. The key is to find the plan that best suits your family’s needs and budget.

 

This blog will discuss the benefits of mediclaim for a family and how to choose a perfect plan for yourself and your family.

 

What are the Benefits of a Health Plan?

Most of us are aware of the importance of having a health insurance policy. But what many of us don’t realise is the importance of having a family mediclaim insurance policy as well. A family mediclaim insurance policy not only provides cover for the primary policyholder but also the spouse, children and parents of the policyholder. It ensures that the entire family is protected against any medical emergency.

 

  • Improved Health: A health plan offers financial protection to cover medical expenses, which can help individuals and families access the healthcare they need for improved health outcomes.
  • Financial Security: Health plans help to protect individuals and families from financial hardship due to medical expenses.
  • Access to Specialists: Many health plans offer access to specialists and other healthcare providers who can provide more comprehensive care.
  • Preventative Care: Many health plans cover preventive care services such as annual check-ups and screenings, which can help identify health issues before they become more serious.
  • Peace of Mind: With a health plan in place, individuals and families can have peace of mind knowing that they are financially protected in the event of an unexpected illness or injury.

 

How to Choose a Mediclaim Insurance Policy?

When it comes to choosing a mediclaim insurance policy, there are a few things to consider. You should look at the coverage offered by the policy. Most policies provide coverage for hospitalisation expenses, pre and post-hospitalisation expenses, cost of medicines, cost of doctor's consultation, and in some cases even the cost of surgery. Look at certain parameters to check before deciding on a plan:

 

  • Decide on the Type of Policy you Need: Before you start the process of selecting a mediclaim insurance policy, you need to decide what type of policy is best for your needs. The two main types of policies are indemnity plans and managed care plans. Indemnity plans pay for healthcare services up to a certain limit. Managed care plans require you to use certain healthcare providers and facilities for services and typically have lower premiums.
  • Compare Premiums and Deductibles: Consider the premiums and deductibles of the policies you are comparing. The premium is the amount you pay the insurance company regularly. The deductible is the amount you must pay out-of-pocket before your insurance coverage kicks in.
  • Analyse Coverage: Look closely at the coverage offered by the policy. Make sure it covers the types of medical services you need and that you understand any exclusions or limitations on coverage.
  • Investigate the Insurance Company: Check the financial stability of the health insurance companies. Make sure they have a good track record of paying claims.
  • Read the Fine Print: Before selecting a policy, make sure you understand the fine print. Read the policy document carefully and ask questions if you don’t understand something.
  • Consider Additional Benefits: Some policies offer additional benefits like coverage for medical check-ups, ambulance services, and preventive care. Consider the additional benefits when selecting a policy.

 

It is also important to check the claim settlement ratio of the insurer before purchasing a family mediclaim policy. This is a measure of the insurer's success rate in settling claims and it will give you an idea of how reliable the insurer is.

 

Having a family mediclaim insurance policy can provide peace of mind and financial security in case of any medical emergency. It can help to cover the costs of hospitalisation and medical treatment, ensuring that the entire family is taken care of. So if you're looking for a reliable and affordable family mediclaim insurance policy, make sure to do your research and compare the different options available.

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
Enter Valid DOB
OTP sent Resend OTP
otp icon
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.
FIND MY PLAN