You are youthful, active, making a decent living, and living the good life. But there are many uncertainties in life, and they might come knocking at any time.
Various major health conditions occur due to the continuous rise in pollution, poor dietary practices, and sedentary lifestyles.
Have you ever considered how you would handle such unforeseen medical emergencies?
By choosing comprehensive family health insurance for you and your family, it is better to be ready than to worry when dealing with unforeseen medical emergencies.
Read through this article about family health insurance and how to pick the best plan to protect your loved ones.
Contents
What is Family Health Insurance?
The best health insurance plan for family safeguards your loved ones by giving a potential backup during medical emergencies.
According to this policy, the insurance provider helps you with the cost incurred due to hospitalization, medical care, surgery, organ donation, etc.
A family plan is available for you, your spouse, your children, and any dependent parents.
Why Do You Need Family Health Insurance?
Due to the rising expenses of medical care and the prevalence of lifestyle disorders, family health insurance has become inevitable.
You may lose your savings due to medical emergencies and experience severe financial losses and intense emotional distress without a family floater in place.
Read below to know why family health insurance is now required:
- It aids in preventing medical expenses caused by medical inflation.
- Your employer’s health plan’s sum insured wouldn’t be enough to cover you or your dependents in the event of a medical emergency.
- The option of cashless hospitalization relieves you of the financial load.
- It could shield your family from the pandemics like coronavirus.
- You can receive tax advantages on a health insurance premium in accordance with Section 80D of the Income Tax Act.
Features of Health Insurance Plans for Family
A health insurance family plan protects you against various expenses incurred during hospitalization. It includes these key features and benefits:
- Affordable Premium Rates: A common family health plan simplifies premium payment by eliminating the need to maintain and pay for a separate insurance policy for every family member.
- Hospitalization Cover: For any planned or emergency treatment, your hospitalization expenses like room rent, doctor’s consultation fee, ICU charges, etc., so that you can avail of quality healthcare service will be covered.
- Pre and Post-hospitalization Cover: Additional expenses other than hospitalization can cost you a fortune. This policy covers medical expenses for 30 days before and 60 days after hospitalization- helping you save more during prolonged ailments.
- No Claims Bonus: The family floater policy offers an increased sum insured (or Sum Assured) if you are healthy and do not file a claim for the entire year.
- Inclusion of Additional Members: You can add new members, including your spouse, children, and parents, at the time of renewing your family floater plan. This way, you will not have to buy new policies again and again.
- Tax Benefits: You will be happy to know that the premium paid for family health insurance is subject to tax exemption under Section 80D of the Income Tax Act 1961 of India. This allows you to save both your health and money during difficult times.
- Easy Payment and Smooth Claim Settlement: With Care Health Insurance, you get the advantage of their vast network of cashless hospitals where the insurer pays the medical bills directly to the hospital authority.
Your financial stability and physical well-being are secured with Care Health Insurance. You may count on them to protect your entire family in the event of a medical emergency.
Please carefully review the policy documentation to confirm the benefits and coverage for our family’s health insurance.
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