Best Health Insurance Company in India

Family Policy Insurance: The Key to Your Family's Financial Stability

27 April, 2023

0 Shares

242 Reads

Family Policy Insurance: The Key to Your Family's Financial Stability

Share

Have you ever wondered how you would manage your expenses if someone in your family got ill? It's a question that no one likes to think about, but unfortunately, life is unpredictable, and accidents can happen. That's where having access to the best family health insurance policy comes into the picture.

 

Family healthcare insurance is a type of insurance that covers medical expenses for your entire family. It can be a lifesaver in times of need and provide financial stability for your family. This blog will discuss the importance of family policy insurance and how it can benefit you and your loved ones.

 

What is Family Policy Insurance?

A family policy insurance or a mediclaim for family is a type of healthcare policy that provides coverage for medical expenses for your entire family. It is designed to provide financial protection for your family and help ease the burden of medical expenses during difficult times. By paying a premium, you can secure the health and well-being of your entire family with family policy insurance.

 

Features of Family Policy Insurance

The features of a medical insurance policy for family are as follows:

 

1. Coverage for the Entire Family

One of the most significant benefits of family policy insurance is that it covers your entire family, including your spouse, children, and dependent parents.

 

2. Comprehensive Coverage

Family policy insurance typically covers a range of medical expenses, including hospitalisation, surgery, doctor visits, medicines etc.

 

3. Affordable Premiums

Family insurance policies often have lower premiums than individual policies, making them a cost-effective option for families.

 

4. No Claim Bonus

Many family policy insurance providers offer a no-claim bonus, which means that if you do not claim during a policy year, your sum insured will be increased in the next policy year.

 

Coverage Under Family Policy Insurance

If you're considering getting a mediclaim for family, it's important to understand what coverage you can expect from the medical insurance. Here is the coverage provided by the family insurance policy:

 

1. Hospitalisation Expenses

Family policy insurance usually covers hospitalisation expenses for all members of your family, including room charges, doctor fees, and other related expenses during the hospital stay.

 

2. Pre and Post-Hospitalisation expenses

The best medical insurance for family typically covers pre and post-hospitalisation expenses such as diagnostic tests, doctor consultations, and medication expenses incurred before and after hospitalisation.

 

3. Day-Care Procedures

Many family policy insurance plans also cover daycare procedures such as dialysis, chemotherapy, or cataract surgery that do not require an overnight stay in the hospital.

 

4. Ambulance Charges

Most mediclaim for family plans include coverage for ambulance charges incurred while transporting the insured family member to the hospital in case of an emergency.

 

5. Maternity Expenses

Some family policy insurance plans also cover maternity expenses, including prenatal care, delivery, and post-natal care for both the mother and the newborn.

 

Benefits of Family Policy Insurance

Choosing a medical insurance policy for family provides comprehensive health coverage. Here are the benefits of a family healthcare insurance policy:

 

1. Single Policy for All Family Members

A single-family healthcare policy insurance can cover the medical expenses of all the members, which replaces the need for individual policies.

 

2. Cost-Effective

Since single individual health insurance replaces the health insurance for each family member, a family policy insurance can be more cost-effective, as it usually comes with a discounted premium rate.

 

3. Comprehensive Coverage

The best family health insurance plans provide comprehensive coverage for various medical expenses, including hospitalisation, pre and post-hospitalisation, and day-care procedures. This helps you save money for your future investment plans.

 

4. Tax Benefits

You can claim tax deductions on the premium paid for your family policy insurance under section 80D of the Income Tax Act, 1961, which helps you save on taxes.

 

5. Add-on Benefits

Family health insurance policies come with various add-on benefits, such as critical illness coverage, accidental disability, and personal accident cover. You can customise your policy as per your family's needs and budget.

 

Conclusion

Investing in the best family health insurance policy can ensure your family's financial stability in case of any unforeseen medical emergencies. With rising medical costs, comprehensive family insurance is crucial to provide your loved ones with the best possible medical care.

 

With Niva Bupa Health Insurance, you can get the best family health insurance policies that provide coverage against various medical expenses, including hospitalisation, diagnostic tests, and surgeries. Don't wait for an emergency to strike; act now and secure your family's health and financial stability with Niva Bupa Health Insurance.

Start Your Insurance Today!

Secure your Health with comprehensive insurance plans from Niva Bupa

+91
Disclaimer infoBy clicking Start Now, you authorize Niva Bupa to Call/SMS/Whatsapp on your registered mobile overriding DNCR.

You may also like

Popular SearchesHealth InsuranceMedical Insurance Best Health Insurance PlansHealth Insurance PlansHealth Insurance PolicyBest Health Insurance PlansBest Family Health InsuranceBest Mediclaim PolicyBest Health Insurance In IndiaBest Medical Insurance In IndiaBest Health Insurance Plans In IndiaBest Health Insurance Policy In IndiaMediclaimBest Health Insurance For Senior Citizens In IndiaBest Health InsuranceHealth Insurance With Opd CoverMediclaim InsuranceMedical Insurance PlansBest Health Insurance Company in IndiaCritical Illness InsurancePersonal Accident InsuranceMediclaim PolicyIndividual Health InsurancePregnancy InsuranceMaternity Insurance | | Best Family Health Insurance plans in IndiaBest Health Insurance companyFamily Health InsuranceBest Health Insurance plans for Senior CitizensMediclaim Policy for Family

 

Health Insurance SchemesChief Ministers Comprehensive Health Insurance SchemeEmployee State Insurance SchemeSwasthya Sathi SchemePradhan Mantri Matru Vandana YojnaGovernment Health Insurance SchemeDr. YSR Aarogyasri SchemePradhan Mantri Suraksha Bima YojnaHealth Insurance DeductibleWest Bengal Health SchemeThird Party AdministratorRashtriya Swasthya Bima YojanaIn Patient Vs Out Patient HospitalizationMukhyamantri Chiranjeevi YojnaArogya Sanjeevani Health InsuranceCopay Health InsuranceCashless Health Insurance SchemeMukhyamantri Amrutum Yojna

 

Travel Insurance PlansTravel InsuranceInternational Travel InsuranceStudent Travel InsuranceTravel Insurance USATravel Insurance CanadaTravel Insurance ThailandTravel Insurance UKTravel Insurance GermanyTravel Insurance BaliTravel Insurance VietnamTravel Insurance DubaiTravel Insurance SingaporeSchengen Travel Insurance

 

Top Hospitals -  Best Hospitals in ChennaiTop Hospitals in DelhiBest Hospitals in GurgaonBest Hospitals in IndiaTop 10 Hospitals in IndiaBest Hospitals in HyderabadBest Hospitals in KolkataBest cancer hospitals in BangaloreBest cancer hospitals in HyderabadBest cancer hospitals in MumbaiBest cancer hospitals in IndiaTop 10 cancer hospitals in IndiaTop 10 cancer hospital in DelhiMulti Speciality Hospitals in MumbaiMulti Speciality Hospitals in ChennaiMulti Speciality Hospitals in HyderabadSuper Speciality Hospitals in DelhiBest Liver Hospitals in DelhiBest Liver Hospitals in IndiaBest Kidney Hospitals in IndiaBest Heart hospitals in BangaloreBest Heart hospitals in IndiaBest Heart hospitals in KolkataBest Heart hospitals in Delhi


OthersTop Up Health Insurance PolicyCorporate Health InsuranceHealth CardSection 80d of Income Tax ActAyushman BharatHealth Insurance PortabilityGoActive Family Floater PlanHealth Companion Family Floater PlanHealth Premia Family Floater PlanHealth Pulse Family Floater PlanHealth Recharge Family Floater PlanHeartbeat Family Floater PlanMoney Saver Family Floater PlanSaral Suraksha Bima Family Floater PlanSenior Citizen Family Floater PlanSuper Saver Family Floater PlanCorona Kavach Family Floater PlanHospital Cash InsuranceCashless Health InsuranceHealth Companion Price revision | Heartbeat Price revision | ReAssure Price revision 

 

COVID - OmicronCoronavirus Health InsuranceCovid XE VariantNorovirus

footer logo
Some image

www.nivabupa.com

Some image

+91 11 41743397

Some image

1860-500-8888

Some image

14th Floor, Capital Cyberscape, Sector 59, Gurgaon

  • Insurance is a subject matter of solicitation. Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company Limited) (IRDAI Registration Number 145, Category:Health), 'Bupa' and 'HEARTBEAT' logo are registered trademarks of their respective owners and are being used by Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company Limited) under license. CIN: U66000DL2008PLC182918
  • 1 Niva Bupa processes pre-authorisation requests within 30 minutes for all active policies, subject to receiving all documents and information(s) up to Niva Bupa’s satisfaction. The above commitment does not include pre-authorisation settlement at the time of discharge or system outage.
  • 2 Since Inception refers to claim data from 2010 till December 2023.
  • 3 ReAssure 2.0 Premium: The premium is including taxes and for Bronze Variant, for a 25-year-old individual living in Delhi.
  • 4 Aspire Premium: The premium is including taxes and for Gold+ Variant, for a 25-year-old individual living in Delhi.
  • 5 Senior First Premium: The premium is including taxes and for Gold Variant, for a 65-year-old individual living in Delhi.
  • 6 Health Premia Premium: The premium is including taxes and for Silver Variant, for a 25-year-old individual living in Delhi.
  • 7 SmartHealth + Disease Management Premium: The premium is including taxes and for Disease Management Gold Variant rider when bought with ReAssure 2.0 Bronze variant with Base Sum Insured of 5 lacs, for a 25-year-old individual living in Delhi.
  • Beware of spurious / fraud phone calls! Do not share your confidential information like Debit / credit card number, Internet Banking User ID/Password, Pin, CVV, OTP, etc. with anyone. Avoid clicking on attachments / payment link received in mails / message from unknown sources. IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment or premium. Public receiving such phone calls are requested to lodge a police complaint. Do not respond to unsolicited and attractive offers received through unidentified calls, emails, SMSs, and other social media platforms. Beware of misleading telephone calls from people posing as Niva Bupa officials, agents, IRDAI Officials, Officials from ECI (Office of the Executive Council of Insurers) etc. and offering alluring benefits or sharing false information on your policy or on Niva Bupa. Niva Bupa shall not be responsible for any loss or damages whatsoever for any acts or omissions arising out of such spurious calls, and all customers are advised to contact our customer care at 1860-500-8888 and verify any representations or promises made by any such spurious callers before acting upon the same.
Social IconSocial IconSocial IconSocial IconSocial Icon