Best Family Health Insurance Plans

Compare Best Family Health Insurance Plans in2018

India’s population is more than 135 crores now, and of this, less than 35 crore people are covered by government health insurance. The recently announced Ayushman Bharat scheme does aim to cover 50 crores people, but it is directed at only the poor and marginalized sections of society. The ultra-rich can take care of their medical expenses easily. So that leaves the majority of the lower to upper middle class to fend for themselves. This is a list of the best family health insurance plans available in 2018.

Religare Care – There is no maximum entry age for this family floater policy, and you can add up to 6 family members in the policy. Instead of rewarding a no-claim year with increased coverage, this policy reduces the next year’s premium by 50%, and the reduction progressively goes up to 150%. Most of the pre-hospitalization, post-hospitalization and ambulance expenses are covered. If any of the insured people have a pre-existing disease, there is a waiting period of four years for coverage of that illness for that person.

Max BupaHealth Companion – You can add up to 4 adults and 2 children in this family health policy. In case the claim amount for the 6 members exceeds the covered amount, then the insurer would auto-refill the sum assured. Children of age 3 years and above can be added, while adults need to be at least 18 years to get included in this policy. The maximum insured amount in this policy is 1 crore. If there are 5 consecutive no-claim years, the sum assured is doubled.

BajajAllianz Family Floater Health Guard – This policy provides coverage of up to Rs. 10 lakhs for a maximum of 6 family members. You get coverage of pre-hospitalization expenses for up to 60 days before the hospitalization, and of post-hospitalization expenses for up to 90 days after discharge. Every no-claim year gives you an annual bonus of 5%, which can go up to a maximum of 50%. The maximum entry age for adults is 65 years.

HDFC Health Suraksha – Apart from the pre-hospitalization and post-hospitalization coverage that most other policies provide, this policy also gives you coverage for day-care or in-house treatment and also ambulance expenses. There is no maximum entry age for this policy, which provides the convenience of lifelong renewability. The sum assured amount for this policy can range from Rs. 3 lakhs to Rs. 7.5 lakhs. If you are declaring any pre-existing disease, then you would get coverage for expenses related to that illness only after completion of the fourth year.

SBILifeSmart – You can get coverage for up to 6 members of your family for a maximum sum assured of 5 lakhs with this policy. All pre-existing diseases would attract a waiting period of 28 months before they are covered. There is no bonus from the insurer even if have any claim free years, and the premium amount stays unchanged. You get the benefit of coverage for day care, surgeries, ICU charges and a daily cash benefit during hospitalization, for meeting additional expenses.

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