Home Lifestyle Health 5 Things to Consider When Buying Health Insurance Plans for Family

5 Things to Consider When Buying Health Insurance Plans for Family

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The health of every family member is important to us, which is why we make all the possible efforts for their comfort and well-being. If you are planning to get a family health insurance cover, you are on the right path. Nowadays, lifestyle diseases combined with hereditary factors have given rise to health risks. Besides, the outbreak of coronavirus has highlighted the need for health insurance. Choosing the best Buying health insurance plans for family is not difficult if you consider some vital factors. It will help you pick a policy that will adequately cover your medical expenses and keep you away from any financial hardships due to any medical emergency.

Here are the factors to consider:

1. Healthcare Needs of Family

The health needs of every individual are unique. So, before you go ahead with selecting a family health cover, make sure you have assessed every member’s healthcare needs. It will be useful in knowing the benefits you should look for in a plan. For instance, if any member suffers from an ailment and requires alternative treatment, make sure the medical insurance policy you choose offers alternative treatment cover.

2. Benefits of Family Health Insurance

The best health insurance plans for family provide comprehensive coverage for a wide range of medical expenses. Besides offering cover for hospital expenses, including room rent and ICU charges, they also come with the following benefits:

  • Pre and post hospitalisation benefits
  • Domiciliary hospitalisation
  • Day care treatment cover
  • Ambulance cover
  • Annual health check-up
  • No claim bonus
  • Automatic recharge of sum insured

Another benefit of having a health cover is that one can get tax benefits under Section 80D of the Income Tax Act, 1961, for the premium one pays.  

3. Affordable Premium

Having a family health insurance cover is convenient and affordable than maintaining individual policies for each member. You can compare various quotes and opt for affordable health cover. 

If the insured chooses a deductible option, wherein they have to pay a specified amount from their pocket in a year, they can save on the premium costs through discounts. Further, one is eligible to get a discount on the premium cost by selecting longer policy tenure.

4. Cashless Hospitalisation

Go through the list of network hospitals of the insurer when comparing health insurance plans for family. Nowadays, leading insurers like Care Health Insurance, Star Health Insurance, etc. have network hospitals spanning India. Opting for a health cover with the cashless medical treatment facility will keep you stress-free about paying hefty hospital bills in an emergency.

5. Read the Policy Terms and Conditions

Every insured person should read the policy terms and conditions to clearly understand the inclusions, exclusions, waiting period, co-payment clause, etc. Also, one should be honest and declare any pre-existing condition at the time of buying a policy. It will help them avoid any hassle at the time they file an insurance claim. Buying Health Insurance Plans for Family.

Moreover, knowing the claim settlement ratio of an insurer will help them make a better choice. Care Health Insurance (formerly Religare Health Insurance) had a claim settlement ratio of 92.3% in FY 2019-20. 


Apart from these points stated above, make sure you check if there is the option of lifelong renewability to ensure you get continued coverage as you grow older. If your family has senior citizen parents, it is better to include them in a separate senior citizen health insurance plan rather than adding them in your basic family health cover. Their healthcare needs are different, and senior citizens’ health plans will keep them secured against unexpected medical expenses. Consider all these points and make the right choice for your family’s security.

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