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Features of the Best Family Health Insurance read

Jul 27 2020

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Healthcare is very vital for everyone in the family and unfortunately it is something that is not given as much attention as it should be. While we all wish for a healthy and a healthy life, there are health problems that keep popping up. Along with bringing pain and suffering, they might also put the family under financial stress. Healthcare costs are rising and it can be difficult for families without a proper safety net to avail the best medical care at their disposal.

It is always essential to buy health insurance as it can help bear the cost of medical costs for you and your family. Though there are several health insurance plans available, you should be aware of the features of Best Health insurance plans for your family to make an informed decision.

Salient Features of the Best Health Insurance Plans in India for the Family:

If you are buying a family health insurance plan, you must know the following health insurance terms and the features they offer:

  1. Health Coverage

When you are selecting a family health insurance in India, it is of utmost importance to check the diseases covered under the plan as well as the inclusion of pregnancy or day-care expenses. Also check whether post & pre-hospitalization expenses, ambulance expenses, and other medical expenses are included or not. A good health insurance plan will have most of it covered under the plan or offer rider options to add them to your policy.

  1. Maximum Age for Renewability

As per the rules and regulations of the Insurance Regulatory and Development Authority (IRDA), it is mandatory for all insurance providers to offer coverage under a health policy up to the age of 65 years. However, topping that, some of the reliable and best health insurance plans in India offer life cover to their buyers. So, while buying a health insurance plan, make sure you thoroughly check the maximum age for renewability. Also, ensure that it can be extended when you and your family members would have a higher chance of developing health problems with growing age.

  1. Sum Insured

The cost of living keeps on rising, and the Best Health insurance for a family in India must offer you the coverage that helps you keep pace with rising medical costs. The best health insurance plans offer you a gradual increase in the sum insured, with time.

  1. Claim Reimbursement Process

The best family health insurance plans in India have a dedicated team to take care of the claim settlement process. Also, thoroughly read the policy document to make sure you get covered with the best plan that has the easiest and fastest health insurance claim settlement process.

  1. Cashless and Planned Hospitalization

You can enjoy cashless hospitalization benefits even under health insurance plans for a family. So, check whether there is such a provision in the plan that you are considering buying. In case, there is a planned hospitalization; you must be able to avail the benefit after duly intimating the Third-Party Administrator.

These are some of the essential features of health insurance plans for a family in India must-have. Check every detail to make sure you buy the best health insurance plan for you and your family.