Protect Family Health at Just Rs 363 a Month

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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Protect Family Health at Just Rs 363 a Month                                            

Premium as Low as Rs 363 a Month

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

Benefits of a Health Insurance Plan:

• Many health insurance plans offer lifelong renewability up to 70-80 years. You can renew the health insurance plan even at 70.
• The health insurance plan offers restore benefit. A lump-sum is offered to the insured, post hospitalization.
• Some health insurance plans offer the medical concierge service. This service is for personal assistance during an illness. This is getting contacts of medical professionals, prescriptions, bills and other services. This saves time and effort.
• You have the reinstatement of sum assured in health insurance plan.
• Some health insurance plans offer the benefit of extra loading charges if you make a claim within the policy term.
• You have the top-up and super top-up plans for extra coverage.
• Some health insurance plans offer the alternative treatment like Ayurvedic, Homeopathic and Naturopathic treatment up to limits.

See Also: Types of Health Insurance Plans in India

How Does Family Floater Health Insurance Plan Work?

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.

Key Features of Family Health Insurance:

• Family health insurance covers the whole family, unlike individual health insurance policies.
• Some insurers allow policy holders to include their parents under the plan.
• Female policy buyers are also allowed to add their parent’s in-laws.
• Insurers offer discounts on a higher sum assured or if you don’t make a claim.
• Family floater health insurance policies are flexible in terms of policy terms. (1 year or 2 years or 3 years, depending on the insurance company)
• They are customer-friendly and can be modified whenever required.

See Also: Health Insurance Premium Calculator

What do Family Floater Plans Cover?

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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