Top 3 Family Health Plans in India

Insurance

oi-Sneha

By Deepak Yohannan

Published: Saturday, February 23, 2013, 10:52 [IST]

Living in urban India has its advantages and disadvantages. While on one hand we have so many luxuries, services and amenities to make life simpler, on the other hand we are exposed to pollution, stress and other illness causing factors constantly.

As a result, health matters occupy a constant place on our list of priorities and we try to take every precaution to ensure the health, of ourselves and that of our family members, are kept under check. With the help of the family health plans, one can provide additional cover and security and rest assured that in case of an illness, the best treatment will can be sought.

There are many health plans in India that allow you to cover yourself as well as up to 4 members of your family. Take a look at some of the best plans listed below.

1. National Insurance's PARIVAR - Mediclaim for Family

Coming from the reliable public sector insurance company, National Insurance, PARIVAR is a comprehensive family health policy.

Features of the policy:

* Covers members of the family aged between 3 months and 60 years.
* Pre-existing illnesses such as high-blood pressure and high blood sugar will be covered
* Cost of hospital stay, including charges of doctors, nurses, pharmacy bills, etc covered
* Certain exclusions, such as pregnancy related complications, congenital disorders and drug-abuse charges are present.

Synopsys:

Overall, the PARIVAR Mediclaim policy from National Insurance is a good product. There are, however, a number of exclusions and conditions related to the policy and you must be aware of these before you purchase the policy.

2. The United India Insurance Family Medicare Policy

Another reliable family health plan, the United India Insurance Family Medicare Policy is a policy that covers you, your partner, your children and parents.

Features of the policy:

* Illnesses caused due to disease or accident covered under the policy
* If the family members are below 45 years of age, no medical test will be required. This is applicable for a sum assured of Rs. 10lacs or less.
* Covers hospitalization costs as well as post and pre-hospitalization expenses.
* Exclusions comprise of pre-existing conditions for the initial four years, non-medical expenses, accidents caused due to war, etc
* 8 Entry age is on the higher side (18 months)

Synopsys:

The United India Insurance Family Medicare Policy has some very unique features, but it has many exclusions and conditions as well. For instance, a family member below the age of 18 months cannot be included in this plan. Overall, the plan is effective and well-designed.

3. Oriental Insurance Happy Family Floater

The Oriental Insurance Happy Family Floater is another popular family health plan. It covers the hospitalization costs and other medical bills of the entire family.

Features of the policy:

* Larger bracket for family members - apart from spouse and children, parents and parents-in-law also covered.
* Hospitalization expenses including RMO and nurse fees.
* Add-on options available for accident plans, riders available for treatment of diseases such as cancer and stroke.
* Anyone in the family between the ages of 5-70 can be covered.

Synopsis:

The Oriental Insurance Happy Family Floater is among the best family health plans available. This is mainly because the policy is flexible and can be customized with the help of a number of riders and add-ons.

There are many different family health plans to choose from. Before buying such a plan, make sure you compare the policies and see which one suits you and your family the best. Buying the right kind of insurance policy for your family can keep them protected and provide them the best possible medical assistance if they ever need it.

The author is the CEO of MyInsuranceClub.com, an online insurance price & features comparison portal.

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