Best Family Health Insurance Plans in 2023

Considering the rising health issues and day-to-day mounting health care costs, it’s essential to get a cover that takes care of all health care needs of the family. A family healthcare insurance offers financial security against medical expenses arising due to hospitalization in case of a bodily injury, illness, or other adverse medical condition. Best Family Health Insurance, a basic need of family to fight with uncertainties.

Having a comprehensive health insurance policy provides adequate coverage to take care of hospitalization expenses, pre & post-hospitalization expenses, daycare procedures, cover for medical check-ups, etc. Numerous riders and different plan variants also help you boost health coverage. A premium amount that you pay for availing of a health cover ensures that you don’t need to pay huge medical bills and saves you from financial distress.

Now, let’s understand the key benefits & coverage available with

The best family health insurance plans are followed

Niva Bupa Heartbeat Health Insurance

Niva Bupa Heartbeat Health Insurance Plan provides a comprehensive health cover for you and your family. It provides you protection against rising medical treatment costs. Under this plan, Silver, Gold & Platinum are the three different variants, you can choose from to suit the health care needs.

Key Benefits

• You can get the cover for in-patient Hospitalization, Pre & Post Hospitalization expenses, Daycare procedures, Organ Donor medical expenses, and domiciliary treatment expenses.
• This policy provides maternity benefits for up to 2 deliveries are available.
• You can also avail of free health check-ups, emergency ambulance charges, and other value-added services such as OPD cover, emergency medical evacuation, international treatment, and child care benefits are also available.

Waiting Period

• An initial waiting period during the first 90 days from the commencement of the policy is applicable.
• Some specific treatments such as hernia, joint replacement, non-infective arthritis, etc are covered after continuous policy coverage of 24 months.
• Pre-existing diseases are also covered after continuous policy coverage of 24/48 months, depending on the plan variant chosen.

HDFC ERGO Health Optima Restore Family

HDFC ERGO Health Optima Restore Family Plan covers in-patient hospitalization expenses for you and your family. A unique restore benefit is available, under which the sum insured is reinstated automatically, in case it is exhausted during a policy year.

Key Benefits

• You can get the cover for in-patient Hospitalization, Pre & Post Hospitalization expenses, Daycare treatments, Domiciliary treatment, and Organ Donor medical expenses.
• Under this policy, daily hospital cash is payable for choosing shared accommodation. It is payable for a maximum of 6 days of hospitalization.
• You can get the Cumulative Bonus of up to 100% of the sum insured.
• This policy also provides other benefits such as enhancement of sum insured, automatic restoration of the sum insured, health check-up after 2 claim-free policy years, and E-opinion for critical illness.

Waiting Period

• An initial waiting period during the first 30 days from the commencement of the policy is applicable.
• Some specific treatments such as hernia, hydrocele, cataract, etc are covered after 24 months of continuous policy coverage.
• Pre-existing diseases are also covered after continuous policy coverage of 36 months.

Star Health Family Health Optima

Star Health Family Health Optima Plan comprehensive health coverage for you & your family. It provides health cover for your family on a floater basis, in the event of hospitalization.

Key Benefits

• You can get the cover for in-patient Hospitalization, Pre & Post Hospitalization expenses, over 400 Day Care procedures, Domiciliary treatment, and Organ Donor medical expenses.
• It also covers the cost incurred towards Emergency Ambulance, Health Check-up, and treatment of newborn baby is also covered.
• You can also avail of automatic restoration of the sum insured up to 100% and the cumulative bonus of up to 25% of the sum insured.

Waiting Period

• An initial waiting period during the first 30 days from the commencement of the policy is applicable.
• Some specified treatments, as listed in the policy are covered after 24 months of continuous policy coverage.
• Pre-existing diseases are also covered after continuous policy coverage of 48 months.

Care Health Insurance Policy

A Care Plan is a comprehensive Health Insurance Policy that caters to the health care needs of your entire family. This plan can be taken for a family and by an individual as well.

Key Benefits

• You can get the cover for in-patient Hospitalization, Pre & Post Hospitalization expenses, 170 listed Day Care procedures, Domiciliary treatment, and Organ Donor medical expenses.
• This policy provides a daily allowance of up to Rs 500 daily for 5 days. It also reimburses the ambulance charges, as specified under the policy.
• Under this policy, no claim bonus is available up to 150% of the sum insured, depending on the plan variant chosen.
• You can also avail of reinstatement of 100% of the sum insured, Annual Health Check-Up, and free of cost Second Opinion.

Waiting Period

• An initial waiting period during the first 30 days from the commencement of the policy is applicable.
• Some specified treatments, such as joint replacement, hernia, etc are covered after 24 months of continuous policy coverage.
• Pre-existing diseases are also covered after continuous policy coverage of 48 months.

Bharti AXA Smart Health Insurance Policy

Bharti AXA Smart Health Insurance Policy provides a complete health cover for your entire family. It covers expenses incurred due to hospitalization and it also covers specified critical illnesses, without payment of additional premium.

Key Benefits

• This policy provides cover for in-patient Hospitalization, Pre & Post Hospitalization expenses, Day Care procedures, Domiciliary treatment, and Home Nursing Allowance.
• You can avail of inbuilt cover for specified critical illnesses on a benefit or hospitalization reimbursement basis.
• This policy also provides other benefits such as a cumulative bonus of up to 25% of the sum insured, reimbursement of the cost of health check-up after 4 claim-free policy years, sum insured enhancement for a no-claim policy year,
• It also covers expenses towards Out-patient Dental Emergency Treatment, Accompanying Person’s Expenses, transportation of the mortal remains, and children’s education fund in case of the demise of the insured person.

Waiting Period

• An initial waiting period during the first 30 days from the commencement of the policy is applicable.
• Some specified treatments, such as hydrocele, cataract, hernia, etc are covered after 24 months of continuous policy coverage.
• Pre-existing diseases are also covered after continuous policy coverage of 48 months.

Conclusion

A typical family health plan provides complete coverage for your entire family against hospitalization expenses, pre & post-hospitalization, daycare procedures, domiciliary expenses, and organ donor expenses. You need to choose the best family health insurance plan that ensures adequate health coverage. It is recommended to understand the policy benefits, its exclusions, and the waiting periods applicable that helps you to choose the right family healthcare insurance.