Best Family Health Insurance Plans To Buy In 2021

With the growing uncertainties in life, people have come to realise the importance of health insurance policies over the past few years. There are different types of health insurance plans for different groups of people. These health insurance covers not only offer financial support to the policyholders but also ensure that the customers receive quality and cost-effective treatment at the private hospitals. These plans save the customers from burning a hole in their pocket and end up exhausting their savings. Policyholders who are also the taxpayers are offered tax deduction benefits on their premium payments, and some insurers also offer discounts, rewards, and bonuses on the plans purchased by the customers.

Family floater plans are health insurance covers that provide financial aid to all the members of a family under a single plan. It protects all the family members with sufficient coverage and it offers equal distribution of sum assured to the members at the time of a medical emergency. Some insurers provide discounts on the inclusion of extra members under the family floater cover. Under such plans, you can include yourself, your spouse, children, and dependent parents. However, if a family member is suffering from a critical disease then it is advisable to insure them under a separate individual health insurance plan so that the family floater plan is not exhausted on their treatments.

Best Family Health Insurance Policies To Buy In 2021

Following are some of the best family floater plans that are widely bought by the policyholders from the insurance market:

1. IFFCO Tokio Family Health Protector Plan

With the amount of assured sum ranging from Rs. 1.5 Lakhs to Rs. 30 Lakhs, this health insurance cover can insure you along with your spouse, children, and parents. Some of the basic inclusions under this plan are AYUSH treatments, critical illness covers, day care procedures, etc. there is a waiting period of 48 months for pre-existing diseases under this plan which specifies the period after which the claim can be made for a pre-existing disease of the customer.

Must Read: Individual vs Family Health Insurance Plans

2. Aditya Birla Activ Health Platinum Plan

This family floater plan can cover you, your spouse, and children up to the age of 25 years and offers a sum assured ranging from Rs. 2 Lakhs to Rs. 2 Crores. Minimum entry age for this plan is 91 days and there is no limit on the maximum entry age of this plan. For pre-existing diseases, there is a waiting period of around 2 years after which the claims can be made for pre-existing diseases by the customers. It provides monetary compensation for basic benefits like hospitalization costs, organ donor expenses, ambulance charges, and much more. Cumulative bonus and wellness programs are some of the additional perks that are provided by the insurers.

3. National Insurance Parivar Mediclaim Health Insurance

This family floater health insurance plan comes with a sum assured of Rs. 1 Lakhs to Rs. 10 Lakhs and it covers the individual up to the age of 65 years. The waiting period of the policy differs from one illness to the other. It provides wide and comprehensive coverage for domiciliary expenses, AYUSH treatments, daily cash benefits, day care expenses, organ donor expenses, and much more. Customers can customize the plans according to their requirements and avail its facilities at the time of claim settlement.

4. Max Bupa Health Companion Family Floater Plan

This family floater plan by Max Bupa Health insurance company offers financial aid to the customers for domiciliary expenses, ambulance charges, medication costs, room rents, AYUSH treatments, organ donor expenses, and a lot more. The claim amount under this plan ranges from Rs. 5 Lakhs to Rs. 12.5 Lakhs. The waiting period for this plan ranges from 30 days to 4 years depending on the type of ailment for which the claim has been made by the customer.

Conclusion

Apart from the above-mentioned health insurance covers there are several other family floater plans that are available in the insurance market. You must research and compare different plans before investing in a particular plan.

Also Read: Common Myths About Family Health Insurance Plans

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.