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Family Health Insurance

Which Health Insurance Plan for Your Family is Best in India 2020?

Out of the different types of insurance, a health insurance plan for family enjoys maximum popularity. You and your family members may fall ill from time to time, and the cost of medical treatment can be quite high.

Having accepted the fact that you need to get a health insurance plan for your family, the question you're left with is, which one? There are multiple insurance companies, each one offering you many lucrative benefits.

Here are a few useful tips to help you in deciding on a suitable insurance company for your health insurance plan for your family: Premium Considerations

The premium is the amount payable monthly or annually to enable your health insurance plan for your family to remain in force. It is usually proportionate to the amount of coverage. The premium payable for the same coverage may vary from company to company. Hence, it is a good idea to shop around for a good deal on a health insurance plan for your family.

Value-Added Features

What are the value-added features that you may get in a health insurance plan for a family? Look for benefits like annual free medical check-ups, free consultations, and access to wellness programs. Most health insurance providers offer these when they sell you a health insurance plan for a family.

Level of Coverage

You need to be sure that the policy covers the maximum possible medical expenses that can be incurred. Also, be aware of the need for flexible coverage, meaning that you should be able to amend the coverage of your health insurance plan for your family with your changing needs.

Co-Pay Clause

In co-payment, the insurance company only pays a certain percentage of the claim amount for your health insurance plan for your family. The rest is to be borne by the policyholder. For instance, an 80%-20% clause means that the company pays 80%, and the policyholder pays the remaining 20%.

Alternative Treatment Clauses

You can get coverage for non-allopathic treatment with some policies. So, try securing a health insurance plan for your family that covers alternative medicine like homeopathic and ayurvedic.


Verify what a health insurance plan for your family does not cover. For example, most health insurance policies will consider plastic surgery and dental work as an exclusion.

Top 5 Health Insurance Plans for Family in 2020**

Apollo Munich Optima Restore Plan

The three significant benefits that you get from this health insurance plan for the family are the Multiplier, Restore, and Stay Active features. The Multiplier feature enables you to increase the amount insured by 50% in the case of a claim-free policy year with multiplier accumulation capped up to a maximum of 100%.

With the Restore advantage, you get 100% of the insured amount back towards unrelated claims.

You get rewards for following an active lifestyle under the Active Lifestyle feature. However, you are eligible for a claim only after 30 days of paying the first premium.

Key Features

  • No co-pay
  • No limit on room rent
  • Lifetime renewability
  • Cover for daily care procedures
  • Coverage for existing diseases after three years
  • Road/air ambulance coverage
  • Cover for medical costs incurred two months before hospitalization
  • Domiciliary treatment
  • Coverage for road or air ambulance in an emergency
  • Entry Ages 91 days to 65 years
  • Sum insured ₹5 Lakhs to ₹50 Lakhs.
  • Pre and post-hospitalization expenses
  • No-claim bonus
  • Health check-up coverage


  • Mental disorders
  • Cosmetic surgeries
  • No coverage for the first 30 days
  • Addictive substances

Max Bupa Health Companion Family Plan

This health insurance plan for the family is an economical package providing affordable health insurance. You can get insurance cover up to as much as ₹1 crore. You are allowed to add up to 19 relationships to this health insurance plan for your family. Pre and post-hospitalization cover (30 days and 60 days, respectively) is available and lifetime renewability. You also get daily care and donor cover.

Key Features

  • Eligibility age 91 days and no upper limit
  • Affordable premiums
  • Domiciliary treatment
  • 12% discount on the premium on paying two years in advance
  • Income tax deduction available
  • No-claim bonus applies
  • Health check-ups covered
  • Coverage for existing diseases after 4 years (2 years for some)
  • Coverage for all room categories except suites
  • Non-allopathic treatment covered (only under Ayush program)


  • Outpatient expenses
  • Ophthalmic treatment
  • War or war-like situations
  • Self-harm

HDFC Ergo Health Suraksha Gold Plan

This health insurance plan for the family by HDFC has Silver, Gold, and Platinum plans, where the Platinum plan gives you maximum flexibility. Room rent and ICU are not capped, and you also get covered for 586 day care procedures.

Other attractive features of this health insurance plan for the family are long-term discounts, wellness services, a wide range of insured sums, and lifetime renewal. A significant feature is pre-hospitalization coverage of up to 60 days and post-hospitalization coverage up to 90 days.

Key Features

  • Organ donor coverage
  • No limit on room rent
  • No maximum age
  • Restoration benefit
  • Free annual check-ups
  • 586 day care procedures covered
  • Non-allopathic treatment covered (only under Ayush program)
  • Coverage for existing diseases after three years (2 years for some)


  • Cosmetic surgery
  • Mental disorders
  • War or war-like situations
  • Accidents from adventure activities
  • Obesity treatment

Religare Care Health Insurance Plan

Like every other health insurance plan for a family, Religare Care offers different variants for death, illness or accidents asunder:

  • Care 3 (Super Saver)
  • Care 4 (Elite)
  • Care 5 (Elite Plus)
  • Care 6 (Global)
  • Care 7 (Global Plus)

You can get coverage between ₹4 lakhs and ₹6 crores. Inpatient hospitalization coverage paid to the limit of the sum assured is available, with global, cashless coverage.

By spending a little extra, this health insurance plan for your family offers some customized add-ons like global coverage, Unlimited Automatic Recharge, No-Claim Bonus Super, Smart Select, personal accident cover, air ambulance coverage, and international second opinion.

Key Features

  • Pre-hospitalization (30 days) and post-hospitalization (60 days) coverage
  • Free health check-ups
  • Global, cashless coverage
  • Day care treatment
  • No-claim bonus
  • Death benefits


  • Self-harm
  • Congenital diseases
  • Addictive substances
  • Expenses due to war, strikes or riots

Star Family Health Optima Plan

The last health insurance plan for a family on our list is this plan from the Star Group covering a spouse and dependent children from 16 days to 25 years of age. Free annual check-ups are also provided. This health insurance plan is considered as a super saver health insurance product.

Key Features

  • Coverage for pre and post-hospitalization (60 and 90 days)
  • New-born baby coverage from the 16th day onwards
  • Hundreds of daily care procedures covered
  • Coverage available for organ transplant donor expenses
  • Domiciliary hospitalization expenses
  • Air ambulance expenses coverage up to 10%
  • Lifetime renewability
  • Existing diseases coverage after four years
  • Additional sum assured for road accidents
  • Automatic 100% sum assured restoration up to three times for each complete exhaustion


  • Vaccinations other than post-bite
  • War or war-like situations
  • Self-harm
  • Dental work
  • Sexually transmitted diseases (STDs)


So, which of these health insurance plans for your family are you going to choose? Now that you have a better understanding of how to select a suitable insurance provider, we are confident that you can go for any health insurance plan for your family from this list. If you aren't convinced, you are now armed with enough information to shop around for more policies. So, get a health insurance plan for your family today. Be safe, protected, and happy!

Recommended Link:Top Health Insurance Policies for Family