Family Health Insurance is a type of insurance that reimburses the cost of medical expenses incurred by the policy holder or her/his family members either due to illness OR accident and thereby provides financial security for the medical expenses incurred by the policyholder. Based on the chosen health insurance plan, the policyholder & included family members get coverage for hospitalisation, day-care facility, treatment costs for specified diseases, surgical expenses along with reimbursement of the total expenses.
Why a Family Health plan is essential?
- Provides comprehensive coverage to the entire family, with a single policy
- It’s the best possible solution for individuals to plan for quality treatment of self and family in case of unexpected medical emergencies.
- Aged Parents can be included in the family plan at lesser premium as compared to individual plans.
Features of Family Health Plan.
- Customised insurance amount ranging from Rs 1.50 lacs to 1 crore.
- Hassle free way of getting the entire family covered for medical exigencies, with one single policy.
- The premiums paid under the policy is eligible for tax deduction under Sec 80D of Income Tax Act.
- Cashless Hospitalisation facility available.
- Get coverage for all members, irrespective of their age, under a single policy
- Members can be added / deleted without going for a new policy.