A hectic lifestyle combined with poor eating habits is causing an increasing number of people to become ill and require medical attention. In addition, medical costs are rising. The average person can’t bear the financial strain of a medical emergency. That is why a health insurance policy is aimed at covering a substantial amount of medical expenses.
Health insurance plans also allow for family floater plans, covering all family members under a single policy. Indeed, because of their benefits, the medical policy for families is quite popular. Here are the benefits of the medical policy for families:
Every covered member receives full coverage
Any ill member can use the entire sum insured under the family floater policy. As a result, if you select an optimal sum insured level, each family member has complete access to the sum insured and can get a high level of coverage.
Coverage at an affordable premium
The premium for a medical policy for the family is much lower than the premium for individual plans for each family member. As a result, the plan provides affordable coverage while being easier on your wallet.
Option of purchasing comprehensive coverage
Family health plans have varying coverage benefits, and you can compare and select the plan with the most comprehensive coverage features. When you do so, your family will have complete coverage, and you will have peace of mind knowing that the plan will cover all major medical expenses.
Protection for the entire family
Health insurance plans for families cover all family members under a single policy. You can insure yourself, your spouse, your dependent children, your dependent parents, and even your dependent in-law. Some plans allow you to cover your extended family as well. As a result, a mediclaim policy for families provides a one-stop health insurance solution for all your family members. They also allow for health insurance for parents who require low-cost health care. With a Care Health Insurance mediclaim policy for family, you can secure up to 6 family members under one plan.
Many plans provide maternity coverage
For a young couple planning to start a family in the near future, family health plans with maternity coverage are a good option. These policies cover maternity-related expenses.
New members can easily be added
Family floater plans make it simple to add new family members. If you have a new family member, you can easily get coverage for the child beginning in the middle of the policy term, depending on the terms and conditions of the policy. You would submit a request to the insurance company, pay an additional premium, and the child would be covered under the policy without any complications.
Getting considerable tax benefits
The most important advantage of family floater health plans is tax benefits. When you purchase a family floater policy, you can claim a tax deduction of INR 25,000. If you are a senior citizen, this deduction is increased to INR 50,000. Furthermore, purchase a separate family floater health insurance policy for your parents. You can take advantage of an additional deduction of INR 25,000, which increases to INR 50,000 if your parents are senior citizens.
A Mediclaim policy for the family is thus an ideal solution for your family’s health insurance needs. The plan is easily accessible, covers all members, and is reasonably priced. So, invest in a family health plan to protect your family’s health.
