Lifestyle changes, tight work schedules, hectic travelling, food habits and lack of exercise are causing major health problems in India. Buying health insurance is the best way to manage costly hospitalization expenses.
According to National Family Health Survey 2018, only a third of the families have at least 1 member covered under health insurance. Health insurance offers high sum assured at affordable premiums.
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Get health insurance at just Rs 363 a month. It means a person who spends just Rs 4,000 a year can get a family floater health insurance policy to cover the entire family. Most people spend hundreds of rupees a month, smoking and drinking, but do not spend a few hundred rupees to avail family health insurance. People are not aware of the benefits of health insurance plans and end up facing financial problems during medical emergencies. Family health insurance helps you come out of health problems and lead a healthy life.
See Also: Get Health Insurance for Family of 4
See Also: Types of Health Insurance Plans in India
Rahim buys a family floater health insurance plan with a sum assured of Rs 2 Lakh, paying a yearly premium of Rs 4,356. (This is just Rs 363 a month). The policy also covers his wife and 2 children.
His wife falls ill and is hospitalized for 5 days. The total medical bill is Rs 80,000, and the insurance company settles the claim. If the total medical bill was Rs 2,50,000 the insurer would settle the claim, only up to the sum assured of Rs 2 Lakhs.
See Also: Health Insurance Premium Calculator
Family floater health insurance plans cover in-patient hospitalization, ambulance changes or transportation expenses, daycare treatment, pre-hospitalization, post-hospitalization; restore benefits and other expenses. There are certain exclusions in health insurance plans. Both first-time and existing policyholders must understand the inclusions and exclusions of the health insurance policy. It is worth mentioning that the policy benefits vary across insurers.
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