Health insurance is something which every family needs to have, at least in today’s world when the shooting up of medical expenses is on a daily basis. A perfect health insurance plan will keep your family assured with the best of medical attention sans digging into their savings account. With so many plans in the market, things get pretty confusing as to which one should one choose from so many available options. We have come up with an exhaustive list of the best 5 health insurance plans for families in the year 2024, which would allow perfect covering of all the members in one’s family.
1. HDFC ERGO Health Optima Restore Family Floater Plan
One of the most opted-for family health insurance policies that HDFC ERGO Health offers is its Optima Restore Family Floater Plan. It stays in demand due to various reasons including a bouquet of benefits and, in fact, some really innovative features.
Key Features:
Sum Insured Replenishment: If any policyholder covers his sum insured in a policy year, then the same shall be automatically reinstated by the insurer for future claims arising in that year. No Claim Bonus: An additional 50% of the sum insured per year is available for every ‘no claim’ year up to a maximum of up to 100%
Cashless Treatment: This facility is available in more than 10,000 network hospitals across India.
Eligibility: Children: 91 days onwards, Adults: up to 65 years of age.
Free Health Check-up: Available to all the insured members after every renewal
This would be an ideal deal for those families who require continuity in cover even in case of filing claims during the policy year. In this regard, the Sum Insured Restoration feature will ensure that multiple claims in a year do not reduce your coverage.
2. Star Family Health Optima Insurance Plan
Star Family Health Optima is another workable family health insurance scheme, covering the whole family on a single policy. Salient Features: Maternity Cover: It provides maternity expense coverage after the completion of the waiting period along with coverage for the new-born baby. Sum Insured Recharge: If the sum insured is consumed, then the same will be auto-recharged, similar to Optima Restore.
Domiciliary Treatment: It covers the cost of the treatment taken at home due to the unavailability of any hospital bed.
Ambulance Charges: Covers the ambulance charges in case of emergencies.
Automatic Restoration: Up to 100% restoration of the sum insured.
This policy is apt for families that are planning maternity benefits along with regular health covers. Extra benefits like recharge of sum insured and domiciliary treatment make it more attractive.
3. Max Bupa Health Companion Family Floater Plan
The Max Bupa Health Companion provides comprehensive cover for the entire family. It ensures that the entire family gets quality healthcare sans trepidation towards bearing the crippling cost of medical expenses.
Some of the Key Features:
Comprehensive Hospitalisation Cover: It includes all costs, such as pre- and post-hospitalization, inpatient care as well as day care procedures.
Annual health check-ups: Free health check-ups for all the members insured under the policy.
There is no maximum age limit under this policy.
Lifetime Renewability: The policy is renewable for lifetime without any restrictions.
Cashless Facility: Cashless facility is provided at a big network of hospitals.
Max Bupa continues to rank among the top-selling family health insurance providers owing to the fact that its claim settlement process is hassle-free and it comes with a large network of hospitals. So, considering lifelong health insurance cover, this is going to be one good-to-go plan. Now, so far as the best family health insurance in India is concerned, let us look further.
4. ICICI Lombard Complete Health Insurance Plan
ICICI Lombard Complete Health Insurance Policy: It is an all-inclusive policy framed in order to meet the health needs of the family. It provides the widest cover at very competitive premium rates.
Some Key Features:
Critical Illness Coverage: Critical illnesses include cancer, heart diseases, kidney failure, etc.
No Claim Bonus: Enhancement in sum insured up to a maximum of 10% for every claim-free year up to a maximum of 100%.
Maternity Benefits: After a waiting period, available for mother and newborn. Outpatient Treatment Cover: From consultations of doctors, diagnostic tests to pharmacy bills. Wellness Programs: Events of wellness programs with preventive healthcare services. The ICICI Lombard Complete Health Insurance Plan is quite decent for families in need of security both in terms of their hospitalization covers and outpatient treatments. This critical illness cover under this policy is, no doubt, an added advantage to the applicants who seek extra protection.
5. Religare Care Family Health Insurance Plan
Religare Care Family Health Insurance Plan is a comprehensive health insurance policy offering a wide sum insured range to suit various needs of a family best.
Some Key Features:
Day-care Treatment Cover: More than 540 day-care procedures covered, thus avoiding hospitalization in many cases.
Annual Health Check-ups: Available for all members insured regardless of any claim history
International Cover: covers specified sickness and procedures conducted abroad. Automatic Recharge of Sum Insured: In the case of sum utilized during the policy year, the same amount is reinstated automatically.
No upper age limit: As the application can be made as a family, there is no upper age limit. While designing the product, two major requirements kept in mind are a high sum insured and the requirement for treatment anywhere in the world. Sum insured recharge and comprehensive day-care procedure satisfies all the needs of family health insurance.
How to Choose the Right Family Health Insurance Plan
What you need to consider while choosing the best health insurance for your family is as follows:
Coverage Amount: The sum insured amount should be good enough to cover your family, keeping in mind the inflation.
Network Hospitals: Insurers should have a huge network of hospitals offering cashless treatments.
Additional Benefits: Seek those policies providing covers like maternity cover, critical illness cover, sum insured restoration, and wellness programs.
The payable premium has to be weighed against the coverage so that it comes within your budget.
Claims Settlement Ratio: A high claim settlement ratio of the insurer will get the claims smoothly settled in due time.
Role of Aapkapolicywala:
Aapkapolicywala shall assist you in choosing the best family health insurance plan most effectively. Being an aggregator of insurance policies, Aapkapolicywala professionally advises on comparative studies made about health insurance. The different types of plans available in the portal can be studied and reviewed, and suitable policy coverage, premium, and benefits can be selected by the families themselves. Apkapolicywala, at any time, with the help of its insurance professionals, can always facilitate a deeper understanding of complex insurance terminologies and decision-making for the families. They go further and fully support their customers right from choosing a policy to claim settlement without causing any problem to their customers.
Conclusion
Now choosing the correct health insurance plan for your family will keep you prepared for any medical emergency. The top 5 insurance plans range from restitution of sum insured to maternity benefits to cashless treatment at a hospital, keeping in mind different benefits according to the varying needs of a family. Besides, Aapkapolicywala makes not only the selection and buying of health insurance easy but offers maximum support that one would normally need as a family to go through this complex world of insurance. Make the smart choice today–ensure protection for your family’s health and financial security.