Looking for family health insurance plans? Figuring out where to start from? Need a guidebook to settle down the bundle of deals the agents and insurance providers presented to you? Well, here you have it! Healthcare is one of the most essential parts of being alive, and taking care of it can be costly in this economy and in an era where pandemics and lifestyle diseases have become as common as rain. If you are searching for medical insurance, you are pretty much on the right track already. 

Know what you must know about all kinds of the best family health insurance plans in India. Let us help you provide an in-depth explanation of why, how, and where you can find a comprehensive coverage plan that not only looks after the well-being of your family but also adds more satisfaction to your health concerns.

Family Health Insurance: A Financial Protection from Medical Bills

Health insurance covers all the medical costs of a policyholder and dependents, but a family floater is something more versatile that benefits all those who rely on you for medical expenditures. It is a plan where the insurer offers coverage to the entire family of the policyholder. Now, be it the spouse, children, and even dependent parents. It simplifies the process of paying individual premiums for each family member and getting confused with the paperwork. 

The Need for a Family Healthcare Plan

Lifestyle diseases are everywhere, but people take them for granted unless something huge turns up. One of the main reasons people avoid going to the doctor and getting their routine checkups is because of high medical costs. Family healthcare insurance lets you be carefree of all members’ medical expenses and be careful about your health. It promotes a sense of confidence and peace that if things go upside down, you have a financial backup. Moreover, another reason why you must have medical insurance is that you can access quality healthcare without breaking the bank. 

Benefits Health Insurance

When discussing the scope of health insurance, the advantages of having it are uncountable. You can never run short of how the best family health insurance plans in India are benefiting you and all those covered under them.  

• Reduced Paperwork: You do not have to pay separately for a child care plan or health insurance for parents. Simply one plan will suffice for all. Managing so many documents and payments can become overwhelming, which is why you must have one plan for all. 

• Affordable Premiums: The premiums of floater plans are affordable compared to individual plans being paid separately. It is a cost-effective method of medical coverage. 

• Easy Addition of New Members: Unlike other group plans, family plans allow seamless and efficient addition of new members. If you recently welcomed a newborn, their coverage is insured pretty easily. 

• Maternity Benefits: As a rider, you can add-on maternity coverage and other features according to your needs. You can make the family insurance policy more comprehensive if you want to.  

Choosing the Best Family Health Insurance Plans in India

Planning and strategy is a multi-tier procedure, and you always seek expert advice when it concerns insurance. Here is a list of factors that you must always check for when choosing a healthcare policy for your loved ones.

Sum Insured

Medical inflation is already up and going. During these hours, it becomes essential to check how much sum is assured at times of need. Calculate the potential annual medical expenses of each family member and determine how much you can expect from your provider.

Coverage

In case you have a family member with a pre-existing condition or a critical illness, make sure the insurance covers those treatments and procedures, too. Coverage should be maximum, so you have to pay minimum out-of-pocket expenses.

Network Hospitals

The best family health insurance plans in India include a wider network of hospitals, allowing you several choices when in need. While looking for an insurer with respect to network hospitals, you should check if they have cashless claim options and a faster approach and connectivity. After all, would you like to switch hospitals in times of emergency, not to mention pay extra in an out-of-network hospital?

Premium

The amount you pay to the insurance company to keep your policy active is called a premium. You can pay the premiums in three instalments, such as monthly, quarterly, and annually. Make sure to select a plan that suits your budget and schedule. Ask the insurance provider about the accepted payment modes and the grace period if a premium payment is missed. 

Waiting Period

Most policies have a waiting period for certain procedures, such as pre-existing illnesses, tumours, cataracts, maternity treatments, etc. If you are expecting the insurance to pay for these conditions, check their waiting periods before signing the policy. 

Claim Process

Understand how you can claim the insurance beforehand instead of waiting for the need to pop up and then seeking an explanation on the claim process. Know whether the health insurance for parents you just bought is cashless or if you should speak with the provider for reimbursement after the treatment and discharge. 

Additional Riders

Check if there are any extra services that you can add to your plan and how flexible the plan is. It will allow you a wider perspective and more comprehensive coverage. Oftentimes, these policies have optional facilities, like critical illness riders or maternity riders, that they activate upon your request. 

Wrapping it Up!

That was pretty much everything a buyer should know about medical insurance before making a purchase. Family is precious to all, and when taking care of their well-being falls on your shoulders, seeking water-tight protection seems like a must. Health care insurance is the best option for a secure medical approach for all. 

If you are looking for a trustworthy policy provider, then Niva Bupa has some of the best plans for you and your family. They have a positive reputation, a customer-centric approach, and a high claim settlement ratio, making it one of the trusted insurer providers in India. With comprehensive family insurance plans, Niva Bupa is your one-stop solution!