In everyone’s life, the family is like a pillar and you always want to provide the complete assurance of protection to your family against all the unfortunate situations in the life. Life can be very uncertain and there can be any health related problem to your family members.

In the health-related situations for any member of the family, all other members can suffer due to the financial requirements. You never want to spend your hard-earned money on such unwanted expenses due to a bad time in your life. To provide the better protection and Healthcare services to your family members, family health insurance plans are available as the best option.

What Is Family Health Insurance Plan?

What Is Family Health Insurance Plan?

Family health insurance policy is a type of normal health insurance plan that provides the coverage benefits to your family members with fixed sum assured value for a single annual premium. With family health insurance policy, you will be able to find the coverage benefits for two or more family members at the same time.

In most of the family health policies, the companies provide the coverage benefits for a couple and up to four children. Some of the companies also provide the terms to include the parents in existing health insurance plan. With some of the plans, extended family members (in-laws) may be included as per the terms and conditions of the insurance provider.

Because of the coverage benefits for all the family members under and single health insurance plan, it will be a perfect choice for the families having good medical history and proper planning to face the unfortunate future with confidence without any financial emergency. Now, you can also pick the perfect family health insurance policy for the enhanced protection of your family members with Verified Policy. We are here to provide the complete information regarding all the family health insurance plans available in the country for the consumers.

Importance of Family Health Insurance Policy

Importance of Family Health Insurance Policy

A family health insurance plan is available to provide coverage to all family members against various health problems and diseases. It is also known as family floater plan where the insurance provider provides fixed sum assured to the insured family. You will find Lower premium amount as compared to the individuals Health Insurance plans.

 If you have age between 18 to 65 years, you are eligible to get family health insurance plan in the country. The companies provide the coverage benefits for up to 15 relationships so it is very effective for the future protection of the complete family.

In the countries like India, the risk of health problems is very high and it is increasing due to unhealthy and inactive lifestyle. If you don’t want to face any medical Emergency due to the health-related problems to your family members, you must have family health insurance plan as the perfect option. It is important because it provides the following coverage benefits to the policyholder:

  • In family health insurance plan, you will find the coverage benefits for all the hospitalization charges including the medical bills, Doctor Consultation fee, room charges in the hospital and much more.
  • The cost of medicines and drugs are covered with family health insurance policy.
  • For the policyholder, daycare facilities are available with these health insurance policies.
  • You will find the coverage benefits for the expenses of organ donation under the family health insurance plan.
  • It is possible to find the facilities of domiciliary hospitalization with these insurance plans.
  • The expanse of the ambulance is covered if required inthe hour of emergency.
  • With some of the insurance providers, you will find the coverage benefits for critical diseases.
  • With most of these Health Insurance plans, the companies provide lifelong renewal policies.
  • Under section 80d of Income Tax Act, you will find the tax benefits on the premium amount.

To avail all these advantages and benefits, you should also have a family health insurance policy to face the unfortunate situations in future with confidence. It is essential for every family to have this kind of protection solution because of increasing health-related risks and expensive medical services.

Today, it is not easy for the middle-class families to afford the expenses of hospitals and medicines in case of diseases with any family member. It will affect the financial situation of complete family and no one wants to face such emergency in the need of money for good medical services. Therefore, you must have a family health insurance plan to get rid of this kind of financial stress in medical emergencies.

Types of Family Health Insurance Policies

Types of Family Health Insurance Policies

In family health insurance plan, the policyholder will get the coverage benefits for all the family members included in the plan according to the terms and conditions of the insurance provider. If you are going to get a new health insurance plan for your family, you should know about the types of these medical insurance plans. The health insurance plans are mentioned in two categories given below:

  • Medical insurance plan:

In the medical insurance plan, the policyholder will get the coverage benefits for all the hospitalization costs in the cases of any healthcare treatment. It is possible to get the features of cashless treatment with your insurance company with your medical insurance plan. In this situation, they will cover medical bills, cost of medicines and drugs, doctor consultation fees, hospitalization expenses ambulance expenses and much more for the insured family members.

  • Critical illness insurance policy:

In critical illness insurance plans, you will find the coverage benefits against any kind of chronic disease including stroke, heart attack, kidney failure etc. In these kinds of plants, the insurance provider will pay the entire sum assured to the insured person in the form of a lump sum. However, it is not possible to purchase critical illness insurance plans as a single insurance policy for the entire family.

Best Family Health Insurance Plans in India

Best Family Health Insurance Plans in India

It will be beneficial for your family to pick the family health insurance plan but it is more important to go with the right plan available in the market. If you want to make the perfect choice for the best family health insurance plan, you are at the right place.

The VerifiedPolicy is the best platform where we provide the complete information about the top family health insurance plans available in Indian market. Every consumer can get the detailed information about the insurance plan, sum assured benefits and other information regarding these top health Insurance plans. Take a look at the table given below to know about the best family health insurance plans available in the country:

Insurance CompanyFamily Health PlanAgeSum AssuredPre & Post HospitalizationPre-existing Diseases
Bajaj Allianz Health InsuranceFamily Floater Health Guard18 to 65 years; 3 Months to 25 years as dependent childrenMinimum=2 Lakh;
Maximum=10 Lakh (entr age<=55 years); 5 Lakh (entry age>55 years)
Pre-hospitalization: 60 days; Post hospitalization: 90 daysAfter a waiting period of 48 months
Star Health InsuranceFamily Health Optima Insurance Plan18 to 65 years; lifelong renewability after 65 years of age; a dependent child from the 16th dayMinimum=1 Lakh; Maximum=15 LakhPre-hospitalization: 30 days; Post hospitalization: 90 days (7% of total expense max up to Rs. 5, 000)After a waiting period of 48 months
National Insurance CompanyNational Insurance Mediclaim Policy18 to 60 years; 3 Months to 25 years as dependent children; renewability up to 65 years of ageMinimum=50, 000 Lakh;
Maximum=5 Lakh
Pre-hospitalization: 30 days; Post hospitalization: 60 daysAfter a waiting period of 48 months
New India AssuranceFamily Floater Mediclaim Policy18 to 60 years; 3 Months to 18 years as dependent children; lifelong renewabilityMinimum=2 Lakh;
Maximum=5 Lakh
Pre-hospitalization: 30 days; Post hospitalization: 60 daysAfter a waiting period of 48 months
United India Health InsuranceFamily Medicare Policy18 to 80 years; 3 Months to 18 years as dependent children; lifelong renewabilityMinimum=1 Lakh; Maximum=10 LakhPre-hospitalization: 30 days; Post hospitalization: 60 days subject to max up to 10 % of sum assuredAfter a waiting period of 48 months of continuous renewal with the company
Oriental Insurance CompanyHappy Family Floater Policy18 to 65 years; lifelong renewability after 65 years of ageMinimum=1 Lakh;
Maximum=10 Lakh
Pre-hospitalization: 30 days; Post hospitalization: 60 daysAfter a waiting period of 48 months of continuous renewal with the company
SBI General InsuranceSmart Health Insurance18 to 65 years; 3 Months to 22 years as dependent childrenMinimum=1 Lakh;
Maximum=5 Lakh
Pre-hospitalization: 30 days; Post hospitalization: 60 daysAfter a waiting period of 24 months
Advantages of Family Health Insurance Plans

Advantages of Family Health Insurance Plans

Family health insurance plans are known to provide lots of benefits to the families. If you want to ensure the future protection of your family from any kind of medical emergency, just get family health insurance plan for it. It is possible to add all your family members into a single plan and saving the money with lower premiums with these insurance policies. Here are some of the advantages to choose family health insurance policy:

  • Peace of mind:

By getting the health insurance policy, you will get complete peace of mind by providing the complete protection of your loved ones in your family. With a single health insurance plan, you will find only insurance safety for one family member. Instead of going regular Health Insurance plans, if you are choosing family health insurance policy, it will provide the protection of your entire family and single insurance policy. You don’t have to get the headache of maintaining and tracking the different Health Care policies for your family members. You don’t have to pay the premium separately for the health plans of every family member. With the help of this plan, it is possible to get the medical help in case of emergency for all your family members without any kind of a headache.

  • Get the discount offers on family health plan:

You will find the better chances to avail the additional benefits on a family health insurance plan. With family floater plan, it is possible to avail the discount offers provided by the insurance companies. There will be more chances to enjoy the discounts on the policy as compared to regular health insurance plan for the individual.

  • Add the new members easily:

You will not face any kind of inconvenience to add a new family member to your insurance policy. The family floater plans are available with easy terms and conditions to add new members in your family. Whether you can add your parents to your existing family floater plan and you will add your kids to plan without inconvenience. If you are adding your parents, always make sure that you are getting higher sum assured with the existing plan. You will not lose any kind of benefit in the case of unfortunate demise of any senior member of your family. It is considered as the biggest benefit of using this insurance plan.

  • Include the parents and in-laws in the plan:

With many insurance service providers, you will find the options to add your parents as well as in-laws just by paying little extra money with your existing plan. Family floater plans are considered as the perfect option to get peace of mind for both sides of the family as compared to the regular health insurance plan.

  • Impressive features:

Family floater plans are available with many impressive features including coverage for newborn baby and Maternity period. Because of these advantages, it will be a perfect option for younger couples who are planning for a family with complete protection of future. However, you should know about the waiting period while getting these additional features in the insurance policy.

  • Continuous policy coverage benefits:

With most of the insurance providers, you will find the option of 2 years coverage with your policy. It will allow you to get a continuous stress free coverage benefits without increasing the premium in the selected tenure. Always look for the longer tenure with your insurance policy while getting family floater plan with any insurance company.

  • Tax benefits:

With the complete family protection, these family floater plans are available with tax-related benefits for the buyer. If you are paying the premiums for your family health insurance plan, you will get the relief from Tax under section 80 D of Income Tax Act. Now, it is possible to avail the advantages of total 55,000 rupees as a tax benefit in the plan. You will be able to avail 30,000 for your senior citizens of parents and 25,000 for yourself with the plan for your family.

Because of all these advantages, the family floater plans are the perfect choice for every buyer who is looking to stay stress-free by getting the protection for family health in the future.

Make Choice for The Best Family Health Insurance Plan

Make Choice for The Best Family Health Insurance Plan

Do you want to get the help of the experts to make the choice for the best family health insurance plan? Now, you don’t have to face any kind of inconvenience to make the best choice while choosing family floater plan for the complete future protection of your family. The verified policy is always available to provide the complete information of all the top Health Insurance plans for families. If you want to make the choice for the best health insurance plan available in the market, you can get the complete information with the table given below:

InsurerFamily Health Plan NameAge LimitSum Assured/Minimum & Maximum LimitConditions for Pre & Post HospitalisationPre-existing Illness
Bajaj AllianzFamily Floater Health GuardMinimum age is 18 and maximum age limit is 65 years.

Dependent children from 3 to 25 years are covered

Minimum – 2 Lakh

Maximum – 10 Lakh

Lifelong renewal option

Pre-hospitalisationcoverage: 60 days

Post hospitalisation coverage: 90 days.

A waiting period of 28 months is applied
Star Health InsuranceFamily Health Optima Insurance PlanMinimum: 18 years

Maximum: 65 years

After 65 years, lifelong renewability benefit

Dependent children covered from the 16th day of age

Minimum – 1 Lakh

Maximum – 15 Lakh

Pre hospitalisation coverage: 30 days

Post hospitalisation coverage: 90 days

(7% of total expense is offered as coverage, maximum up to INR 5,000)

A waiting period of 28 months is applied
The New India Assurance Co. Ltd.Family Floater Mediclaim PolicyMinimum: 18 years

Maximum: 60 years

Dependent children\’s coverage from 3 months to 18 years

Lifelong renewability option

Minimum – 2 Lakh

Maximum – 5 Lakh

Pre hospitalisation coverage: 30 days

Post hospitalisation coverage: 60 days.

A waiting period of 28 months is applied
SBI General InsuranceSmart Health InsuranceAge limit is 18 to 65 years

Dependent children coverage from 3 months to 22 years is

Minimum – 1 Lakh

Maximum – 5 Lakh

Pre hospitalisation coverage: 30 days

Post hospitalisation coverage: 60 days.

A waiting period of 28 months is applied
Oriental Insurance CompanyHappy Family Floater PolicyAge limit is 18 to 65 years

After 65 years, lifelong renewability benefit

Minimum – 1 Lakh

Maximum – 10 Lakh

Pre hospitalisation coverage: 30 days

Post hospitalisation coverage: 60 days

A waiting period of 28 months is applied
National Insurance CompanyNational Insurance Mediclaim PolicyMinimum: 18 years

Maximum: 60 years

Dependent children’s coverage from 3 months to 25 years

Lifelong renewability option after 65 years

Minimum – 1 Lakh

Maximum – 15 Lakh

Pre hospitalisation coverage: 30 days

Post hospitalisation coverage: 60 days

A waiting period of 28 months is applied
United India Health InsuranceFamily Medicare PolicyAge limit is 18 to 80 years

Dependent children coverage from 3 months to 18 years is Lifelong renewability

Minimum – 1 Lakh

Maximum – 10 Lakh

Pre hospitalisation coverage: 30 days

Post hospitalisation coverage: 60 days (Maximum up to 10 % of the sum assured)

A waiting period of 28 months is applied
Things to Consider Before Buying Family Floater Plan

Things to Consider Before Buying Family Floater Plan

If you are going to make choice for the family floater plan to ensure the future protection of your family members, it is important to consider various factors for it. At verified policy, we understand the needs and requirements of all the consumers and we are providing the complete information to every consumer who is looking to make the perfect choice for these family health insurance plans. You just need to keep the following factors in your mind while going to make choice for the family floater plan:

Basic coverage options:

If you want to choose the best family floater plan, always try to compare all the plans available in the market. You just need to make the list of all basic health coverage benefits provided by the insurance company. In most of the health insurance plans, you will find the coverage of in hospitalization expenses, medical expenses, daycare expenses, ambulance charges and medical bills. If you are making the future planning with a baby in your family, always look for the family floater plan where you can get the coverage benefits for a newborn baby. You just need to add newborn baby as beneficiary in your family health insurance plan. It is important to consider your current financial situation as well as the future family planning while looking for the coverage benefits under any family floater plan. It is also important to keep in mind the pre-existing diseases, exclusions and lifestyle during first 30 days of buying the policy.

Know about maximum renewal age:

With different insurance companies, you will find different options about the maximum renewal age. It will be better if you are able to get the complete details about it. With many insurance policies, you will get the renewal options till the age of 60 to 65 years. At the present time, many Health Insurance plans are available with lifelong renewal facility. You should always make sure to get the family health insurance plan that can provide the protection when it is required in an emergency for your family members.

Flexibility to make the changes in sum assured in health insurance plan:

As you all know, the living cost will change with time and the cost of medical facilities will also increase with time. It is important that you can find the flexible policies to make the changes in sum assured of your family floater plan with time. With many insurance companies, the consumers will find the options to upgrade the sum assured value with time. Sometimes, the insurance companies also provide the no claim bonus benefits and rewards during the renewal time of your policy. By getting these no claim bonus rewards and offers, they may increase the value of your sum assured amount.

Stress-free process of claim settlement:

All the family health insurance providers follow the terms and conditions of insurance regulator for the claim settlement process. Still, there may be various kinds of differences in the terms and conditions of the company for the plans. Before choosing the health insurance plan with any company, it is always essential for the consumer to get the complete information about the claim settlement process with all the terms and conditions. With many companies, you will find the facility of cashless hospitalization and it will be beneficial for every consumer. It will be better that you can choose the health insurance plan with a company having high claim settlement ratio.

Cashless hospitalization features:

During any medical emergency, you never want to get the headache of cash arrangements to pay for the medical services. In this situation, always make sure that you are getting the facility of cashless hospitalization with your family insurance plan. At the present time, almost every family health insurance provider is providing the facilities of cashless hospitalization to the consumers. This facility is always stress-free and very beneficial for every consumer. Always check the network of hospitals with your insurance provider and always make sure that you are getting good health care facilities at your nearby area in a reputed hospital with your insurance policy.

If you are considering all these factors before buying the family insurance plan, you will always get peace of mind and better facilities while looking to get better healthcare services with any company providing the services of insurance plan for your family. It is always good to make some research before making the choice for any family health insurance plan with the top service providers.

Exclusions in Family Health Insurance Plans

Exclusions in Family Health Insurance Plans

With family floater plans, it is possible to get the coverage benefits for lots of Medical emergencies and situations for your family. However, it also comes with lots of exclusions and restrictions like any other insurance plan available in the market. If you don’t want to face any kind of inconvenience due to any medical emergency, it is important to get the complete information on exclusions in your health insurance plan. At verified policy, we are providing the complete information about all the exclusions in most of the family health insurance plans for the consumers. You can check this information below:

  • In the family health insurance plans, you will not find the coverage benefits for any kind of health problem caused due to consumption of alcohol or drugs that are not prescribed by the health expert.
  • With family floater plans, you will not be able to get the coverage benefits in the cases of sexually transmitted diseases including HIV or AIDS.
  • If there is any kind of complication during pregnancy including miscarriage, abortion or infertility, the family floater plans will not provide coverage for it.
  • You will not be able to get the coverage benefits with non-allopathic treatment under your family health insurance plan.
  • In family health insurance policy, there will not be covered in the cases of any injury or damage due to the mental disorder of insured person.
  • Is there are no positive symptoms of any disease and you want to go for a medical test, it will not be covered in your health insurance policy.
  • If there is any kind of injury or damage due to the suicide attempt by the policyholder, it will not be covered in the family health insurance plan.

With the different companies providing the services of Health Insurance plans for families, there may be some more exclusion that you must know before getting the plan. It is very important that you can read the terms and conditions of Health Insurance Company before making the choice for a health insurance plan to know more about the exclusions.

Eligibility Criteria to Get Family Health Insurance Policy

Eligibility Criteria to Get Family Health Insurance Policy

Family health insurance plans are considered as a group health insurance policy for all the family members. It will be possible to include several family members under a single insurance plan with a single annual premium and single sum assured benefit. If there are 4 or 6 members in your family, it will be better to go with family floater plan as the best option and it will be beneficial to get the stress free future protection.

Before choosing any family health insurance plan, you must have information of the eligibility criteria. Here are some of the important factors that you should consider while going to get family health insurance plan.

  • You will be able to include the new members of your family into the policy by providing the additional premium amount to the insurance provider.
  • When the eldest member of your family will reach to the maximum age covered in the insurance plan, the policy will expire at that time.
  • You will not get the coverage for a dependent child when the child will cross the limit of the age specified in the document of your policy.
  • It is not a good option to include the senior members of your family into the family health insurance plan because it will increase the premium amount.
  • Always choose to increase the sum assured amount if you are going to include the new family members into the plan to get the sufficient coverage benefits for the newly added member in the plan.

If you want to get the complete information about the complete eligibility criteria for the selected health insurance plan, it will be better to contact your insurance provider. You don’t have to make a visit to the insurance company office or insurance agent because all this information is available online for every consumer. Just visit the official website of the insurance provider and get the details of eligibility criteria easily.

Important Factors to Consider Before Making Choice for Family Floater Plan

Important Factors to Consider Before Making Choice for Family Floater Plan

If you want to make the right choice for the family floater plan to ensure the complete protection of your family members, you should always consider the following factors for it:

Know about the insurance provider:

First of all, you must have the complete information about the service quality and reliability of insurance provider. In the country, lots of insurance companies are available to provide lots of plans to the consumers. You may get confused to make the perfect choice for a good insurance service provider. It is essential that you can check the information related to the Insurance claim ratio and the service quality of service provider. You can check the reviews of other consumers to know about the reliability of insurance company before making the choice for any health insurance plan.

Compare the insurance plans:

If you don’t want to make choice for a wrong insurance plan as per your needs and requirements, always get the details about all the insurance plans available in the market. Verified policy is the best platform where we provide help to the consumers who want to compare the features and advantages of the family floater plans available in the market. If you are comparing the insurance policies with different companies, you will always make a better choice by availing the extra features at the lower premium amount.

Look for the discount offers on premium:

Because of so many insurance companies available in the market, the competition level is getting higher in the market. To attract the maximum consumers, the companies provide various kinds of discount offers to the policyholders. It will be better if you can search for the discount offers to minimise the cost of the premium of your selected insurance plan. It will be beneficial to save lots of money while going for a family floater plan.

Consider your financial situation:

While going to buy any family floater plan, it will be better if you can consider your financial situation. By considering your monthly budget and current financial situation, you will be able to make a better choice for the premium amount to get the benefits of family floater plan.

Keep the future requirements in mind:

With the current situation, it is also essential to keep the future requirements in your mind. If you are planning for a child with your partner, make sure that you are getting a family health insurance plan to include the benefits for your newborn baby. If you are including your parents or senior members of your family in the plan, you may require a higher sum assured value to get the stress free medical services for the senior members of the family. It is important that you can consider all these future factors before making the choice for an insurance policy.

Get information about the inclusions and exclusions:

Before making the choice for family health insurance plan, always consider the inclusion and exclusion as the important factors. Whether you contact an insurance agent or you are getting the insurance plan online, if you have the complete information about inclusions and exclusions, you will not face any kind of inconvenience to avail the benefits of your selected insurance plan.

Read terms and conditions carefully:

Most of the people do not give importance to the terms and conditions of the insurance company while going to buy family floater plan for the family. If you do not want to face any kind of difficulty to avail the benefits of your insurance policy in the medical emergency situation, always read all the terms and conditions carefully before making the choice for this kind of Health Insurance plan. You may not get the complete details about terms and conditions with an insurance agent. It will be better to visit the official website of the insurance provider to know about terms and conditions of your selected plan.

Add-on plans:

With family health insurance plans, it is possible to avail the benefits of various add-on plans provided by the company. If you want to get help in the cases of critical disease or any other kind of medical emergency that is not included in your health insurance policy, always go for the information related to the add-on benefits with your plan. You may also get the advantages in the expenses of Maternity or pregnancy period with the help of these additional add-on plans with your current family floater plan.

Always consider all these factors before making the choice for a family health insurance plan with any company. It will be very beneficial when you want to find the complete Assurance of protection of your family future from any kind of medical emergency.

Is Family Floater Plans Better Than Individual Health Insurance Plans?

Is Family Floater Plans Better Than Individual Health Insurance Plans?

It is never easy to compare the family floater plans and individual Health Insurance plans available in the market. You will need to consider various factors before making the choice from the individual health insurance policy and family insurance policy. It will depend on the current situation of your family as well as the future requirements of the policyholder.

In the family health insurance plan, you will find the coverage benefits for the entire family by paying the single premium for the single sum assured benefit with the insurance provider. In the simple words, it will be like a single policy for all your family members where you will make the annual premium payments as a single amount.

On the other hand, the individual Health Insurance plans are available for a single person in the family. If you want to find the protection of other family members, you will need to buy the separate health insurance policy for each of the members. There will be multiple health insurance policies and you will need to pay the multiple premium amounts according to the selected plan and selected sum assured benefits for all the family members.

For the families, it will be better to go for family floater plan because you will get the benefits on the value of premiums paid annually. If you are going for the separate Health Insurance plans for all the family members, it will be a headache to track and manage all the policies at the same time. You will need to make the multiple premium payments for each of the plans. Therefore, it can be a better choice for the buyers having a family to get benefits for all the family members and a single plan by choosing family floater plan.

Claim Process for Family Health Insurance Plans

Claim Process for Family Health Insurance Plans

To claim the coverage benefits of your family floater plan, it is essential to get the complete information about the terms and conditions related to the claim process provided by the health insurance company. With the different companies, there may be different terms and conditions related to the claim settlement process.

If you don’t want to face any kind of difficulty in the claim settlement process, always choose the services of Health Insurance Company providing the facility of cashless hospitalization for the consumers. You will not get any kind of difficulty of any documentation and other formalities in the cases of medical emergency if you have the feature of cashless hospitalization in your insurance plan. While going to get the policy, you must have information about the hospitals in the network of your insurance provider.

To file the claim, you will need all the required documents as per the guidelines of the insurance company as well as the original medical bills and other bills of hospitalization expenses. In most of the cases, you may require the following documents during the claim settlement process:

  • Discharge card issued by the hospital
  • Medical store bills
  • Claim-form with insured’ signature
  • Hospitalization bills (signed by insured for authenticity)
  • Doctors’ prescriptions
  • Valid investigation report
  • Consumables and disposables prescribed by the doctors
  • Bill of doctors’ consultation fee
  • Copies of the Insurance policy from the previous year and current year/copy of ID Card of TPA

The policyholder will be able to get the claim in the form of expense reimbursement or cashless treatment. In the option of expense reimbursement, you will afford the medical expenses and then the insurance company will repay all the expenses at the time of claim. On the other hand, cashless treatment is always beneficial where the company will directly settle the expenses with the hospital in the network. You don’t have to pay anything on the time of treatment while getting the facility of cashless treatment.

How to Buy the Family Health Insurance Plan?

How to Buy the Family Health Insurance Plan?

If you are planning to get a new health insurance policy for all your family members, you will need to make choice from the various insurance companies offering the family floater plans for the consumers. It is possible for the consumers to buy the family health insurance plans with online as well as offline method.

  • Offline method to buy family health insurance plan:

If you want to buy a new family health insurance plan with the offline method, either you can visit the office of an insurance company or you can contact the insurance agent for it. After that, you will get the details of all the available plans with the company and you will fill out the application form and submit it with all the required documents. It is possible to get the complete information about the required documents by the insurance agent. After that, you will make the payment of your premium to the insurance company office or insurance agent with the offline method.

  • Online method to buy family health insurance plan:

If we talk about the easiest way to get the family health insurance plan, you should go for the online method for it. It will be quite easy for every consumer because you don’t have to contact anyone or visit anywhere for it. Just visit the official website of the insurance provider and that the complete information about all the insurance plans available for the consumers. After that, make the choice for the best plan available for your family.

Fill the application form online and upload the soft copies of required documents and your photographs at the website. After that, it will be possible to make the payment of a premium with online banking method while going to buy the insurance plan. After that, they will verify all the details provided by the customer online and they will approve your family health insurance plan after all the formalities.

Therefore, you can choose the best method according to your convenience and choice from online and offline methods to buy the new family health insurance plan. If you want to include a new member to your existing family floater plan, you will need to contact your Insurance Company for the complete process and formalities.

Reasons to Buy Family Health Insurance Plan With The Online Method

Reasons to Buy Family Health Insurance Plan With The Online Method

If you are looking to buy a new family floater plan, it will be better to use online method for it. At present time, most of the consumers are getting online services to get any insurance plan with any company. It will be beneficial for the customers in the following ways:

  • Easily compare all the plans:

It is never a good option to get insurance plan without getting the complete information about other plans available in the market with other companies. If you contact the insurance agent, you will get information about a single insurance plan with that company. On the other hand, if you are using the online services, you can easily compare all the available plans in the market and can make the smart choice to get the better features and benefits with the best plan.

  • Transparency:

You never want to find difficulty due to any hidden term or condition of your insurance plan. The insurance agents want to sell the insurance policies at any cost to the consumers. They will not provide the complete information about all the terms and conditions of the company about the insurance plan. If you don’t want to get such hidden information about your plan, always make the choice for the online process to buy an insurance policy. You will be able to get the complete information about all the terms and conditions and exclusions of the plan with transparency.

  • Fast and convenient method:

If we talk about the fast and convenient method to buy a new family floater plan, you just need to make the online choice for it. You don’t have to waste your time and efforts by visiting the office of any company and you can simply use your computer and internet connection to buy the insurance plan without any kind of stress.

  • Minimum documentation:

With the offline method, you will need various kinds of documents with hard copies to provide to your insurance agent or company. If you don’t want to get the headache of documentation, always go for the online method to buy an insurance plan. It will be very beneficial because the consumers can buy the family health insurance policies with minimum documentation during the process.

Because of all these reasons, you should also go for online method while going to buy a new family health insurance plan. It will come with lots of benefits and advantages for the consumer. We are here to provide the complete help to every consumer who is planning to buy a new family health insurance plan. At our website, you will get the complete information about all the existing plans with the different companies. Simply compare the health insurance plans with Verified Policy and make the smart choice to avail the best benefits with the plan.

Family Health Insurance FAQs

Family Health Insurance FAQs

What are family floater plans?

Family health insurance plans for family floater plans are available to provide the coverage benefits for all the family members of policyholder under a single plan. In the plan, there will be a fixed sum assured with a single premium paid as per the selected insurance plan. It is possible to get the coverage benefits for the family members including your parents, spouse or children and any of the family members included in the plan may get the Healthcare benefits with a single insurance plan.

Why should I go for a family floater plan?

Instead of buying individual Health Insurance plans for all the members of your family, it will be better to go with a single family floater plan to include all the family members into a single plan. If you buy the individual plans for the separate family members, you will need to pay higher premiums and you will need to manage and track all the policies at the same time. On the other hand, you can simply add all the family members under a single health insurance plan by making choice for family floater plan. It will not only provide the coverage benefits for all your family members but you will get the benefits on the premium paid for the plan.

How dofamily health insurance plans work?

In the family health insurance plans, there will be a fixed sum assured and it will be depleted when any of the family members will avail the medical facilities by claiming the benefits of health insurance policy. If one family member got the benefits of claim, another family member will not be able to claim the benefits until the renewal of the plan.

What are the documents required while buying family health insurance plan?

If you are going to get a family health insurance plan with any company, you will need to submit the documents as per the terms and conditions of the company. Here are some of the common documents that you will require on the time of buying a new family floater plan:

  • Age proof
  • Proof of Identity
  • Proof of address
  • Income proof of the buyer
  • The duly filled proposal form
  • Medical test reports for some of the selected plans

There may be some more documents required according to the guidelines of your Insurance Company while going to get family health insurance policy.

Is it possible to add the new family members to the existing plan?

Yes, it will be possible for the policyholders to add the new family members in the existing family health insurance plan. You will be able to add the new family members on the renewal time of your existing policy. However, you will be able to add newborn baby in the middle of policy tenure. If you are going to add the new family members in family floater plan, you will need to pay a higher premium according to the higher sum assured value.

I am covered with corporate health insurance policy. Should I go for a separate family floater plan for my family?

Yes, it is highly recommended that you should go for a family insurance plan even if you are insured with a corporate health insurance policy. Your company will provide the medical coverage benefits as long as you work with the organisation. If you are going to change the job or you are getting retired, you will not get the benefits of corporate health insurance plan. In this situation, you never want to face any kind of inconvenience to find the medical benefits for your family members.

If you are going with family floater plan, it will be very beneficial to avail the benefits of the insurance policy for all your family members even if you are not working with your organisation. Therefore, you should make a decision to get a new family health insurance plan for the complete protection of your family future.

Will I get the tax-related benefits with family floater plan?

Yes, the health insurance plans are always a better choice because the buyers will get the tax-related benefits without any kind of inconvenience. If you are making the premium payments for your selected family floater plan, you will get the tax benefits under section 80D. Therefore, it is also a benefit of getting the health insurance plan.

If the insured person dies, is it possible to renew policy by any of the other family members?

Yes, other members of the family will be able to continue with the benefits of health insurance policy in the cases of death of the primary insured person. You will need to renew the policy for the remaining family members according to the terms and conditions of the company.

Is it possible to change the hospital during the process of treatment?

If you want to get the better treatment services, you will be allowed to change the hospital while getting the benefits of your insurance policy. However, you will need to inform your insurance company about this kind of change during the time of treatment. It will depend on the terms and conditions of your insurance company.

Is it possible to check the status of a claim for my health insurance plan?

Yes, you will be able to that the complete information about the status of your claim process. Either you can contact the helpline number of your insurance company or you can visit the official website of insurance service provider to get the information on the status of your claim.

What will be the premium amount for my family floater plan?

Premium amount of any family health insurance plan will depend on various factors. It will be different according to the selected plan, your current financial situation and your future requirements for the production of your family with the help of health insurance policy. If you want to get the complete information about the premium amount, we are providing premium calculator tool at our website that will be very beneficial to get this important information.

Is it better to compare the health insurance plans before buying it?

At present time, every consumer will be able to compare the health insurance plans at online websites before making the choice for perfect one. If you don’t want to make a compromise on the features and advantages of the insurance plan, always choose to compare it before making the choice. Verified policy provides the complete information about the top Health Insurance plans available for families in the country. Therefore, get our services to compare the existing Health Insurance plans with the best service providers.

Family Health Insurance Plan
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