Health Insurance Plans for Family

Family health insurance is a comprehensive health insurance plan that covers your entire family under a single policy, offering financial protection against medical emergencies and planned treatments. Instead of purchasing separate policies, one best mediclaim policy for family provides a floater sum insured, which any covered family member can use for hospital bills, surgeries, daycare procedures, and more. With ACKO’s family health insurance, you get cashless hospitalization, quick claim settlements, and coverage for your spouse, children, parents, parents-in-law, and other family members—all with a seamless digital experience.

Choosing the right sum insured is crucial to avoid out-of-pocket expenses. Consider these factors:

Best Choice: Plans like ACKO Platinum Health Insurance offer sum insured options of ₹1 crore and Unlimited coverage, ensuring your family is financially secure.

When it comes to family medical insurance, there are many reasons to choose ACKO Health Insurance. 

Here’s why many families already feel protected with ACKO.

Best health insurance plans for family offer the following coverages.

Hospitalisations agreed upon by doctors are covered under this plan. The hospitalisation can be for an emergency, or it can be a pre-planned procedure as well.
Here’s a list of hospitalisation coverage health insurance plans for family. Please go through the applicable policy wordings for updated coverages.

Apart from the hospitalisation coverages, family health insurance plans also cover several non-hospitalisation instances as well. Here’s a list. Please check the applicable policy wordings for updated coverages.

Here is the eligibility for buying health insurance at ACKO. Our plan is one of the best family health insurance plans in India.

It’s usually not recommended to add your elderly parents to your family health insurance plan. This is because older parents are more likely to face health issues and need medical care. As a result, insurers charge higher premiums for them, which can make your overall policy more expensive.

Moreover, if your parents make frequent claims, the sum insured may get used up, leaving less coverage for the rest of the family. You might even lose your No Claim Bonus (NCB) because of their medical claims. That’s why it’s better to buy a separate health insurance policy for your parents. It ensures they get the right coverage for their age while your family plan stays affordable and protected.

Read More: Why You Shouldn’t Include Parents in Your Family Health Insurance.

A health insurance policy for family is a simple and cost-effective way to shield your loved ones from unforeseen medical costs. Here’s why it’s worth considering:

 Get financial protection for your entire family under a single policy. It covers:

 Rather than taking individual policies for every family member, a family floater health plan allows you to pool a sum insured, which is cost-effective and cheaper than individual plans.

Under Section 80D of the Income Tax Act, just like the tax benefits you get on your individual health insurance premiums, your family health insurance premiums are also eligible for tax deductions. It’s a small but thoughtful step that many people take to protect their family and save on their yearly taxes.

A few years ago, a hospital visit might have cost just a few thousand rupees. Today, the same treatment can run into lakhs of rupees. That’s how fast medical inflation has been rising in India. Over the past few years, medical inflation in India has stayed between 12% and 14% and as per Aon’s Global Medical Trend Rates Report 2025, it’s expected to reach 13% in 2025.

That means the cost of hospital stays, surgeries, doctor visits, and even simple tests continues to climb every year. Families that once managed medical expenses from their savings are now finding it harder to do so. 

The National Family Health Survey-5 (2019-20) shows that in 11 states, less than 40% of families have health insurance. That means most Indian households are still paying out of pocket when a medical emergency strikes.

Here’s what the coverage looks like across states:

When you have a family health insurance plan in place, you protect your loved ones from rising medical expenses caused by medical inflation. It’s about saving money and protecting your family from financial stress when they need care the most.

When you buy a family health insurance plan, you not only protect your family from medical expenses but also save on taxes.  Under Section 80D of the Income Tax Act, you can claim tax deductions on the premiums you pay for family health insurance in two ways:

So, with the family medical insurance plan, you can save up to ₹75,000 a year in taxes. Additionally, the reduction of GST from 18% to 0% has made health insurance coverage even more affordable.

Choosing between an individual health insurance plan and a family health insurance plan? Here’s a simple comparison to help you decide.

Both options provide financial security during medical emergencies—choose based on your family’s needs! 

Choosing the right family health insurance plan can be overwhelming with so many options available. The key is to find a policy that provides comprehensive coverage, affordability, and ease of access. Here’s a detailed guide to help you make an informed decision.

Factors to consider before buying health insurance

Before selecting a family health insurance plan, keep these important factors in mind:

A family health insurance plan offers more than just basic medical coverage. Here are some extra perks that make it a smart choice:

A family health insurance plan doesn’t just protect—it ensures peace of mind. Choose a plan that fits your needs and enjoy comprehensive coverage for your loved ones!

When filing a claim for family health insurance, it can be a bit overwhelming if you are not properly organised. Here are some key documents you are required to include for a seamless experience:

Cashless claims are a type of health insurance claims that help the policyholder to get instant treatment without worrying much about the hospital bills. Once the treatment is approved, the insurance company settles the bill directly with the hospital. Cashless claims offer financial assistance and ease during medical crises. Here are the details of how cashless family health insurance works.

Here are the details on how health insurance claims work in India.

To file a claim against ACKO Platinum Plan, follow these steps. Note that this is an overview, exact details can vary.

When filing a claim for family health insurance, it can be a bit overwhelming if you are not properly organised. Here are some key documents you are required to include for a seamless experience:

Disclaimer: The plans, services, features, processes, and other details mentioned on this page are subject to availability and changes. Please check the applicable policy wordings before making any insurance-related decisions. Feel free to reach out to us at [email protected] for any queries.