Good health directly impacts the stability and happiness of the whole family. Promotes both physical and emotional well-being. If the health of even one family member is disturbed, the harmony in the family is destroyed. In this post, we look at the best family health insurance plans in India in 2023 to help you choose the best health policy for your family.
With the increase in the number of new and deadly diseases, hospital visits have increased. And this has increased the healthcare costs for different treatments in the country. The improved expenses in treatment have emptied their pockets by paying for the various health care expenses. Therefore, to keep your savings intact, you should seriously consider getting comprehensive family health insurance coverage. This will allow you to have cashless treatments in case of any medical emergency.
Let’s look at the top family health insurance policies in 2023 that are offered by different insurance companies in India.
Top 10 Family Health Insurance Plans 2023
Below are some of the best health insurance plans you can use to cover your entire family.
|
family health company |
health insurance plan |
Sum Insured (INR) |
|
Health care insurance plan |
health care insurance plan | 4 lakh- 6 crores |
| Bajaj Allianz Medical Insurance | Bajaj Allianz Family Floater Health-Guard |
1.5-50 lakhs |
|
Aditya Birla Health Insurance |
Aditya Birla Activ Health Platinum Plan |
2 lakhs – 2 crores |
|
Bharti AXA Health Insurance |
Bharti AXA Smart Super Health Insurance Policy |
5 lakh- 1 crore |
|
Edelweiss medical insurance |
Edelweiss Family Floating Health Insurance Plan |
5 lakh-1 crore |
|
Niva Bupa medical insurance |
Niva Bupa Companion Family Health Insurance Plan |
Silver plan – 3-15 lakhs Gold plan – 3-50 lakhs Platinum plan – 15-50 lakhs |
|
Raheja QBE Health Insurance |
Raheja Health QuBE Plan | 1-50 lakhs |
| SBI health insurance | SBI Arogya Premier Politics |
10-30 lakhs |
|
Manipal Health Insurance Cigna |
Manipal Cigna Family Floater – ProHealth Protect Plan | 2.5-50 lakhs |
| IFFCO Tokyo Medical Insurance | Iffco Tokio Family Health Protection Plan |
1.5-30 lakhs |
Let us now understand the plans in detail:
1. Health care insurance
This policy allows pre and post hospitalization coverage for 30 and 60 days, respectively. Other features include room rental coverage, ambulance charges, daily cash option, no limit on UCI charges, etc. It also offers free annual medical checkups and additional facilities like air ambulance benefits and personal accident coverage among others.
Eligibility
- Entry age –Adults – 18 years, Children – 3 months
- No maximum entry age, lifetime renewal
- Maximum covered members – 6
- Waiting period for PED – 48 months
- Waiting period for policy-specific illnesses: 24 months
2. Bajaj Allianz Family Floating Health Protection Plan
This family health plan covers the entire family under one plan. It allows pre and post hospitalization coverage for 60 and 90 days, respectively, along with other facilities such as room rental, home installation, ambulance charges, daycare, daily cash benefit and more.
Eligibility
- Entry age –Adults – 18 years, Children – 3 months
- Maximum Entry Age – Adults – 65 years, Children 25 years
- Lifetime renewal option
- Maximum covered members – 6
- Waiting period for PED – 48 months
- Waiting period for policy-specific illnesses: 24 months
3. Aditya Birla Activ Health Platinum Plan:
This plan covers hospitalization and pre and post hospitalization for up to 60 and 180 days, respectively. In addition, it covers daycare treatment expenses, ambulance expenses, home hospitalization, organ donation expenses, second opinion expenses in case of critical illnesses, etc.
Eligibility
- Entry age – 91 days
- No maximum age limit
- Maximum members covered: yourself, spouse and children up to age 25
- Waiting period for PED – 48 months
4. Bharti AXA Super Smart Health Insurance Policy
This policy is available in three variants, namely Value, Classic and Uber. The coverage offered includes hospitalization, home hospitalization, Ayush Treatment NCB benefit, critical illness coverage and national air ambulance coverage (Uber plan).
Eligibility
- Entry age – 5 years
- Maximum entry age – 65 years
- Maximum members covered: yourself, spouse and children up to age 23
- Waiting period for PED – 48 months
5. Edelweiss Family Floating Health Insurance:
This comprehensive health policy is available in three variants: Silver, Gold and Platinum. The coverage offered includes pre and post hospitalization (ranging from 30 to 120 days, depending on the plan variant). The policy does not have a co-payment clause for insured persons under 60 years of age. Seniors 60 and older may have a 20% copay on this plan.
Eligibility
- Entry age – 3 months
- Maximum entry age – 21 years
- Maximum members covered: self, spouse and children
- Waiting period for PED – 48 months
Mahindra PayBima Visual Stories
6. Niva Bupa Health Supplementary Insurance Plan:
The policy offers an option to automatically recharge the insured sum if it runs out. The premium is reasonable and does not burn a hole in your pocket. It also allows for higher daily cash benefits.
Eligibility
- Entry age – Adults – 18 years, children – 3 years
- Maximum entry age: no maximum limit, lifetime renewal
- Maximum covered members: up to 6, including 4 adults and 2 children
- Waiting period for PED – 48 months
- Waiting period for policy specific illnesses: 24 to 36 months
7. Raheja Health QuBE Comprehensive Insurance Plan:
Under this all-inclusive health policy, the coverage received includes hospitalization, pre and post hospitalization, home treatment, etc. The plan also covers more than 140 outpatient procedures that require less than 24 hours of hospital admission.
Eligibility
- Admission age – Adults – 18 years, children – 90 days
- Maximum entry age – Adults – 65 years, children – 17 years
- Maximum members covered: parents and children
- Waiting period for PED – 48 months
- Waiting period for policy specific illnesses: 24 to 36 months
8. SBI Arogya Premier Policy:
This is another floating family health plan that allows admission without any medical control up to age 55. The plan offers coverage for pre and post hospitalization for up to 60 and 90 days, respectively. Provides coverage for nursery procedures, alternative treatment costs, etc.
Eligibility
- Entry age – Adults – 18 years, children – 3 months
- Maximum age for admission – Adults- 65 years, Children- 23 years
- Maximum covered members: self, spouse and dependent children
- Waiting period for PED – 48 months
9. Manipal Cigna Family Floater ProHealth Protect Plan:
This family health plan is available with a wide range of sums insured. The coverage offered by the plan includes pre and post hospitalization, hospitalization, costs of diagnostic procedures, medical aids and more. It also covers alternative treatments such as Ayurveda, Siddha, Unani and homeopathy under the AYUSH treatment.
Eligibility
- Admission age – Adults – 18 years, children – 91 days
- Maximum age of admission: no maximum age limit for adults, children: 23 years
- Maximum Members Covered: Elf, Spouse, Dependent Children, Dependent Parents
- Waiting period for PED – 48 months
10. IFFCO Tokyo Family Health Protective Plan:
Last but not least, the IFFCO Tokyo family health plan covers features like room rental costs, doctor fees, and other medical expenses. It also covers childcare expenses, home hospitalization, AYUSH treatment, etc. It also covers 11 critical illnesses.
Eligibility
- Entry age – Adults – 18 years, children – 3 months
- Maximum age for admission – Adults- 65 years, Children- 23 years
- Waiting period for PED – 48 months
Popular Health Insurance Companies 2023
To sum up
Health insurance policies serve as protective coverage to safeguard your pocket and savings during health emergencies. They allow the head of the family to remain worry-free in health emergencies, especially monetary problems. Compare different policies to choose the best health plan in India to protect yourself and your loved ones from health problems.
Related Posts
FAQ: Top 10 Family Health Insurance Plans
Can I avail health insurance of INR 50 lakh?
Yes, INR 50 lakhs is a reasonable enough insured sum for health insurance plans as it can allow adequate coverage for your family.
What is the average cost of the health insurance premium for a family of 4?
The premium for a family health insurance plan with coverage of INR 10 lakh/year would cost between INR 15,000 and INR 25,000 per year.
What is better, individual or family health insurance?
The best thing to do is to opt for one family health insurance policy for you, your spouse, and your children and purchase a separate plan for your (senior) parents. This is because the amount of coverage available to your parents under a family health plan may be insufficient.