Team AckoSept 11, 2023
Hectic lifestyle coupled with unhealthy eating habits is causing more and more individuals to fall sick and depend on medical attention. Added to this is the increasing medical costs. It becomes impossible for the common man to bear the financial distress in a medical emergency. That is why a health insurance policy is sought after so that a sizeable amount of medical expenses are taken care of.
Health insurance plans also allow family floater plans to cover all the family members under one plan. In fact, health insurance plans for family are quite popular because of the benefits they provide.
Health insurance plans for family cover all the family members under one plan. You can cover yourself, your spouse, dependent children, dependent parents and even dependent parents-in-law. In fact, there are a some plans which allow you to cover your extended family too. So, family medical insurance plans are a one-stop health insurance solution for all your family members. They also allow health insurance for parents who need affordable health cover.
The premium payable for a family medical insurance plan is much cheaper compared to the premium payable for individual plans for each family member. Thus, the plan allows affordable coverage and is lighter on your pockets.
The sum insured under the family floater policy can be used entirely by any member who falls ill. As such, each family member has complete access to the sum insured and can avail a high coverage if you choose an optimal sum insured level.
For a young couple who would be starting a family in the near future, family health plans having maternity coverage is a good choice. These plans allow coverage for maternity related expenses.
Family health plans come with different coverage benefits, and you can compare and choose a plan which has the most inclusive coverage features. When you do so, your family can enjoy complete coverage, and you would ensure peace of mind knowing that every major medical expense would be covered by the plan.
Family floater plans allow you the convenience of adding new family members. If there is a new member in your family (childbirth), you can easily avail coverage for the child from the middle of the policy term, depending upon the terms and conditions of the policy. You would just have to make a request to the insurance company, pay an additional premium and the child would be covered under the policy without any hassles.
The last and also the most important benefit in family floater health plans is that they allow you tax benefits. You can enjoy a tax deduction of up to INR 25,000 when you buy a family floater policy. This deduction increases to INR 50,000 if you are a senior citizen. Moreover, if you buy a separate family floater health insurance for parents, you can avail an additional deduction of INR 25,000 which also increases to INR 50,000 if your parents are senior citizens.
Family health insurance plans are, therefore, an ideal solution for the health insurance needs for your family members. The plan is easily available, covers all members and is affordable. So, invest in a family health plan for your family and secure their health.
|Disclaimer: *Except for exclusions like maternity benefits, undisclosed diseases, etc. Please check policy wordings for more details.
|**The content on this page is generic and shared only for informational and explanatory purposes. It is based on industry experience and several secondary sources on the internet; and is subject to changes. Please go through the applicable policy wordings for updated ACKO-centric content and before making any insurance-related decisions.
ABHA Card: Steps to Create & How to Download ABHA Card (Ayushman Bharat Health Account) Online
Team Acko Feb 7, 2024
Interim Budget 2024: Expected Tax Implications on Salaried Employees and Business Owners
TeamAcko Jan 24, 2024
Life Insurance for Women
TeamAcko Dec 20, 2023
What Is PHR Address In Health ID?
TeamAcko Dec 18, 2023
Discover the Differences: Family Health Insurance vs Family Floater Plan
TeamAcko Dec 18, 2023
Want to post any comments?
Comprehensive Health Insurance Coverage for All Your Needs! 🌟
✅ 100% Room Rent Covered* ✅ Zero deductions at claims ✅ 7100+ Cashless Hospitals
Check health insurance