Family Health Insurance
What is Family Health Insurance?
Family health insurance plans are health plans that cover the entire family. As opposed to individual plans, the family plan provides cover to every member of your family on a single premium. This implies that you do not have to pay separate premiums for each individual, regardless of their age. The best family health insurance plans in India cover spouses, children, parents, and even parents-in-law under a single policy.
Why do you need Family Health Insurance?
The healthcare sector has seen a drastic rise in costs. Inflation and added material needs make it nearly impossible to cover the costs of doctor visits, hospitalization, and medicines in today’s world. The current times have also made it clear that a health emergency can strike anytime and affect people of all ages. This is why having a health insurance plan is crucial. It protects your ageing parents, young children, and gives you and your spouse the right financial cushion in urgent and unprecedented times. You can use a family health insurance premium calculator to pick a suitable amount that covers your entire family and rest assured that your loved ones will be financially safe and secure in case of a health emergency.
What is covered & not-covered by Family Health Insurance?
Inclusions
· Family health plans include psychiatric benefits and cover the cost of such treatments.
· Annual medical checkups are offered to all your family members covered in the policy.
· The plan provides a maternity benefit for expecting mothers. This includes termination, delivery, emergency C-sections, infertility treatments, etc.
Exclusions
· Only children older than 91 days can be included in such plans.
· Once your children cross the age of 18, they are no longer included in the family plan.
· There is a waiting period in these plans. Pre-existing medical conditions are not covered during this period.