Family Insurance

In today's time, health related problems can suddenly appear and good treatment is needed to deal with them. But sometimes the cost of treatment is so high that it can take a toll on the financial condition of the whole family. In such a situation, family health insurance becomes a great option. It not only protects you but your entire family and provides financial support in difficult times.

Family health insurance is a plan in which the whole family is covered under a single policy. It can include husband, wife, children and sometimes even parents. The best thing is that the hassle of taking separate policies can be avoided and the premium is also affordable.

If we talk about expenses, everything from hospitalization to medicines and tests is becoming very expensive. Family health insurance covers these expenses, so that you do not have to worry about money during treatment. Many plans also provide the facility of cashless hospitalization, in which the insurance company pays directly to the hospital and you do not have to pay anything from your pocket.

Key features of family health insurance :

• The health of the entire family is covered in a single policy, which can include husband, wife, children and parents.

• Pre and post hospitalization expenses are also covered.

• Cashless hospitalization facility is available, so that one does not have to spend money out of pocket on hospitalization.

• There are a large number of network hospitals, where the insurance company makes direct payment.

• No-claim bonus is available for not making a claim every year, which increases the coverage amount.

• Some plans also include maternity benefits, annual health checkup and vaccination expenses.

• Being a family floater policy, all members can jointly avail the insurance cover up to a fixed amount.

• The insurance policy is renewed for life, which provides security even in old age.

• Tax exemption is available on premium payment under section 80D of Income Tax.

• Many policies also provide separate protection coverage for critical illnesses.

• There is also an option to customize the insurance plan according to your needs.

• Taking health insurance provides mental peace during treatment and reduces the worry about money.