In the present day life is always threatened by uncertainties and mishap as so we are always worried about the security of our loved beings. To meet with any unexpected illness and accident with courage and support family health insurance plans play a major role in modern life. Family health insurance plans are those plans which cover more than one person in a family and assure to give support in times of need. A fixed sum of money is insured by one of the family members as annual premiums which provide covers against numerous diseases and illness. It covers a family i.e. spouses and along with up to four children, while there are some plans that includes parents as well as in-laws.
Health insurances are usually of two kinds; individual and family health insurance. When individual health plans only covers a particular individual of a family, family health plans includes all the family members of the family. Buying individual covers for each and every member of the family need more money invested and you have to file the premium for everyone differently. But in family Health Insurance Policy you have to pay a less premium amount and it will save your money along with the safety of your family.
Family health plans are broadly classified in two groups; Medical Insurance and Critical Illness Insurance. A Medical Health Insurance plan reimburses the hospitalization cost to the patients either directly to the hospital where the patient’s undergoing through his/her treatment or by paying the bill after the treatment is completed. The Critical Illness plans cover a policyholder against chronic diseases like heart attack, stroke, kidney failure etc. In such cases the insurance companies pays the entire sum assured to the policy holder in a lump-sum.A family health insurance promises security to the policy holder in the following cases:
- The policy of this Health Insurance plan covers the patient’s hospitalization charges which include the doctor’s fees, medical bill and the room charge which was taken by patient for the treatment.
- The policy holders also get covered from the expenses like the medicines and drugs for their treatments.
- The policy holder also gets the day care benefit.
- Even for the organ donation expenses a policy holder can get the coverage benefit by this family health insurance.
A Family not only covers the entire existing family it also allows the insured the provision to add new family members to it. We can also have the relaxation to lifelong renewal facility where the policy holder can renew the age limit of the policy when required. It is also flexible enough to increase the premium amount of the policy for a better recovery. The insurers also get tax benefits by buying a health insurance for the family. Life is uncertain and to fight with these uncertainties a health insurance is a must for all.