Secure Your Loved Ones with the Right Mediclaim
In today's unpredictable world, safeguarding your family's health is paramount. Health insurance plans for family, also known as mediclaim policies, offer comprehensive protection for your entire household. Let's explore why these plans are essential and how to choose the right health insurance for your family in India.
Floater Sum Insured The total coverage amount can be used by any or all family members during the policy year.
Cashless Hospitalisation Access treatment at network hospitals without upfront payment.
Pre and Post Hospitalisation Coverage Expenses incurred before and after hospitalisation are typically covered for a specified duration.
No Claim Bonus Enjoy increased premium discounts for claim-free years.
Maternity Coverage Many health insurance plans for family now include maternity benefits, covering pre and postnatal expenses.
Preventive Health Check-ups Free annual check-ups are often included to promote preventive care.
Assess Your Family's Needs Consider factors like age, existing health conditions, and potential future health risks.
Evaluate Coverage Amount Ensure the sum insured is sufficient to cover potential medical expenses in your city.
Check Network Hospitals Look for plans with a wide network of quality hospitals in your area.
Understand Sub-limits and Co-payment Clauses Be aware of any caps on specific treatments or requirements to pay a percentage of the claim.
Review Waiting Periods Check waiting periods for pre-existing conditions and specific ailments.
Compare Premiums While cost is important, don't compromise on essential coverage for lower premiums.
Assess Claim Settlement Ratio Higher ratios indicate better chances of hassle-free claim settlements.
Look for Value-Added Benefits Features like telemedicine coverage, AYUSH treatments, riders for critical illness or wellness programs can add significant value.
While specific plan recommendations can change, some insurers known for competitive health insurance plans for family include:
Remember to compare current offerings and read policy documents carefully before making a decision.
Under Section 80D of the Income Tax Act, you can claim deductions on premiums paid for health insurance plans for family. This offers dual benefits of health protection and tax savings.
In today's digital age, purchasing family health insurance online offers numerous advantages, and Coverfox stands out as a leading platform for this purpose. Here's why choosing Coverfox for your family health insurance needs makes sense:
Coverfox provides a user-friendly interface to compare multiple family health insurance plans side by side. This allows you to easily evaluate different policies based on coverage, premiums, and features, ensuring you make an informed decision.
Coverfox employs insurance experts who offer impartial advice tailored to your family's specific needs. They can guide you through the complexities of various policies, helping you choose the most suitable plan without any sales pressure.
All policy details, including terms, conditions, and exclusions, are clearly presented on the Coverfox platform. This transparency helps you understand exactly what you're signing up for, minimizing surprises during claims.
By partnering with multiple insurance providers, Coverfox often secures competitive rates for its customers. You can access exclusive online discounts that may not be available through traditional channels.
Coverfox simplifies the application process with its user-friendly online interface. You can complete the entire purchase journey, from comparison to policy issuance, from the comfort of your home.
Once you've made your choice, Coverfox ensures speedy policy issuance. In many cases, your family health insurance policy can be activated within minutes of purchase.
Coverfox offers robust customer support throughout your policy lifecycle. Whether you need assistance during purchase, have queries about your coverage, or need help with claims, their team is just a call or click away.
One of Coverfox's standout features is its free claims assistance service. Their experts can guide you through the claims process, liaising with insurers on your behalf to ensure smooth settlement.
Coverfox provides easy-to-use online tools for managing your policy. You can access your policy documents, track claims, and even make changes to your coverage all through their user-friendly portal.
Coverfox doesn't just sell you a policy and forget about you. They offer regular policy reviews to ensure your coverage remains adequate as your family's needs evolve over time.
Coverfox partners with numerous reputable insurance companies in India. This wide network ensures you have access to a diverse range of family health insurance products to choose from.
The platform offers a wealth of educational content about health insurance. From articles and FAQs to video explainers, these resources help you understand the nuances of family health coverage.
Coverfox employs state-of-the-art security measures to protect your personal and financial information during online transactions, ensuring a safe buying experience.
In line with digital India initiatives, Coverfox offers a completely paperless process. From application to policy delivery, everything is handled electronically, saving time and reducing environmental impact.
Coverfox provides multiple payment options including net banking, credit/debit cards, making premium payments convenient and flexible.
By choosing Coverfox for your family health insurance needs, you benefit from a combination of technology, expertise, and customer-centric service. This ensures that you not only find the most suitable policy for your family but also enjoy a smooth, transparent, and efficient insurance buying experience.
Remember, while Coverfox offers these advantages, it's always wise to read policy documents carefully and understand all terms and conditions before making a purchase decision.
Investing in a comprehensive family health insurance plan is a crucial step in securing your loved ones' health and financial well-being. It provides peace of mind, knowing that your family is protected against unforeseen medical expenses.
As healthcare costs continue to rise in India, having the right mediclaim policy ensures that you can focus on recovery during health crises, rather than worrying about mounting medical bills. Take the time to research, compare, and choose a best health insurance plan for family.
Remember, the best time to buy health insurance is when you and your family members are healthy. Don't wait for a medical emergency to strike – secure your family's health today with a robust family health insurance plan.
The best way to buy a family health insurance plan is to log onto Coverfox, compare all the available options, select the best health insurance for family plans and fill in the required details, select sum insured, pay the premium. Your policy conveniently arrives in your mail box.
However, here are a few factors which you need to keep in mind when deciding on an insurance company.
Reputation: The company’s reputation plays an important role in deciding your investment. It is a good idea to go for a company with claim settlement ratio and a good brand image.
Quick Process for Claim Settlement: Consumers purchase insurance policies for their future emergencies and no doubt, you should be able to make claim on time.
Feedback from Customers: Before purchase, one must spot customer ratings and user opinions for the insurance company.
You can simply login to the insurer's website and fill in your family health insurance policy details, and pay the premium. Once the premium is paid, you will receive digitally copy of renewed family floater policy.
The best thing about purchasing a family plan online is that it gives the option to compare the charges of all the plans sold in market together with analysis opportunity of their policy features and benefits. Thus, online transactions ensure complete transparency in paying the right amount.
Besides, an online Health Insurance Plan is always cheaper when compared to offline plans since the agent’s role is removed leading to the removal of commission payment. The insurer is able to save on the commission and administration charges and therefore, low premium is offered to the customers.
Also, transations done online mean complete transparency of payment of the correct amount.
Most often under a health insurance plan treatment expense is covered for Day Care Treatments or in-patient hospitalisation which means that the policyholder needs to be hospitalised beyond one day. However, Certain Insurance companies have started to offer benefits for OPD treatments also such as HDFC Ergo, ICICI Lombard, Bajaj Allianz and ManipalCigna.
Below are few plans offered on individual sum insured basis that can be taken into account.
Religare Care No Claim Super: With attractive features like 100% Recharge Benefit, No Claim Bonus unto 150% and a complementary annual health checkup, Religare's No Claim Super plan is definitely worth considering.
Apollo Munich Optima Restore: With the maximum individual sum insured of Rs.15 lakhs, Apollo Munich Optima Restore offers benefits like coverage of domiciliary treatment, pre-post hospitalization for 60 and 180 days respectively, Organ Donor and Restore Benefit.
L&T Medisure Classic: Strongly backed by a powerful brand like L&T, the Medisure Classic plan should be on your consideration list with features totally worth paying for. With maternity & new born cover along with hospital cash, ambulance charges and cover for Ayurvedic treatment, it also offers options like room rent waiver and double sum insured for critical illness at an additional premium.
Star Medi Classic: Automatic Restoration of Sum Insured and cover for non-allopathic treatments are just few of the many benefits offered by the plan. The premium pricing is also quite cost-effective in comparison to other plans offering similar benefits.
Different insurers provide family health plans at various quotes. It is advisable to check the exact price from the official website of the insurance company.
The average cost of health insurance per family (4 members) comes up to Rs. 6000 to Rs. 8000 per month, and for an individual, it comes up to Rs. 2000 per month.
The average cost of health insurance for a married couple stands at around Rs. 8,000 per year.
Since it covers more than one person and every family member has different requirements in terms of health and age, family insurance plans is more expensive than regular health insurance.
Some highly-rated best health insurance policy for family: Niva Bupa, Care Health Insurance, ManipalCigna, Aditya Birla Activ Health, Star Health.
Here's a breakdown of the eligibility criteria
