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Family health insurance coverage policy is also popularly known as family floater health plans. They are one of the most common types of health care plans available in the Indian insurance market. The purpose of the plan is to cover each and every member of your family under a single umbrella policy.
The cover is provided in the form of the sum insured, which is divided on the basis of the number of family members or as a whole amount for the entire family. The cover is available in the form of financial aid utilized to pay off hospital bills, treat illness, doctor’s fees, cost of medical treatment, and accidental emergency injury.
Under a family floater plan, you can include yourself, your spouse, dependent children, parents, and in some cases, even parents-in-law. Each member of your family can make a claim of up to the total sum insured. In addition to the basic cover, family health insurance policies also include cover for expenses/hospitalization bills related to COVID-19.
If you are a family guy, you must purchase a comprehensive health insurance plan for yourself and your family. Here are the key benefits of a family floater health care plan:
Covers COVID-19: Due to the ongoing pandemic, existing insurers have included cover for expenses related to COVID-19, doctor’s fees, PPE kits. The Insurance Regulatory and Development Authority of India has directed all private and public general insurers to offer Corona Rakshak, and Corona Kavach Plans at a nominal premium.
Customize Health Policy: You can add a wide range of rider options to your existing or new healthcare policy at the cost of an affordable premium.
Who Can be Covered in a Family Floater Plan?
You, your spouse, dependent children till the age of 25 years, senior parents, and in some cases, even parents-in-law can be covered under a family floater policy.
Here is a list of India's top family healthcare policies for 2020, along with the maximum age at entry and sum insured. Call us on 1800 209 9930 to learn more about each plan.
|Health Insurance Plan Name||Sum Insured||Maximum Age at Entry|
|Max Bupa Health Companion family floater|
|HDFC ERGO Optima Restore family floater|
|New India Assurance Family Floater Mediclaim|
|Oriental Insurance Happy family floater policy|
|Star Health and Allied Insurance Family Health Optima|
|National Insurance Company Parivar Mediclaim Limited|
|Universal Sompo Complete Health Care|
|Bajaj Allianz Health Guard Family Floater Gold|
|TATA AIG Mediprime|
|HDFC ERGO Health Suraksha Plus Regain Gold & Silver|
Disclaimer: The information given above has been sourced from the official website of the respective insurance providers. (Last updated on 09.11.2020)
Here is a list of the best family floater policies in India along with their in-built features and annual premium amount
|Health Insurance Plan Name||Features||Basic Premium (Annual)|
|Manipal Cigna Prohealth Plus|
|Care Health Insurance|
|HDFC ERGO my:Health Suraksha Silver Smart Family Floater Plan|
|Star Family Health Optima|
|Max Bupa Health Companion Family Floater|
All information has been sourced from the official website of the respective insurers. (Last Updated 09.11.2020)
The premium mentioned above is subject to change depending on the number of family members, no pre-existing diseases, no smoking/alcohol habits, and the sum insured.
In Simple Words,
A family health insurance cover should be a must-buy for your family. There is nothing better than providing excellent healthcare to your family at all times. Know more about healthcare and mediclaim policy online on Coverfox.