Health Gain Insurance in the form of a family floater policy to cover up to 6 adults and 6 children with a maximum sum insured of up to ₹1 crore.
Senior Citizen Health Insurance
While family floater insurance plans are highly efficient and easy to manage, they might not be able to meet the growing and targeted requirements of the elderly.
The reason behind is, older adults or senior citizens are more prone to medical emergencies due to their increased risk exposure and poor immunity. At this point, it becomes important to invest in dedicated health insurance for parents.
Senior citizen health insurance plans are carefully designed to meet the increasing coverage needs of older members of your family. These plans often provide dedicated coverage for chronic health conditions and also have lower waiting periods to ensure timely medical attention when required.
Individual Health Insurance
Let's face it. The coverage needs of your family members are going to differ due to their age, fitness level and medical history. Although family floater insurance offers great coverage, they might not be able to meet very specific requirements for some members due to shared coverage and benefits.
This is why it is recommended to buy an individual health insurance plan for those who need extra care. The best part about individual health insurance is that you can adjust its coverage through various add-ons such as maternity and childbirth cover, OPD cover and so on.
You can purchase our Reliance
Health Infinity Insurance to enjoy customised coverage with a sum insured as high as ₹5 crores.
Personal Accident Insurance
Accidents can strike anyone, anywhere and anytime, regardless of your age, gender or location. For this reason, you can consider purchasing personal accident insurance. This type of insurance plan covers expenses resulting from accidental injuries, disabilities and even death.
In other words, a personal accident insurance policy covers your hospitalisation in case of accidental injuries and offers reimbursement in case of death or disablement of the insured members.
Our
Reliance Personal Accident 360Shield can be purchased as an individual or family (non-floater basis) policy. It offers excellent coverage and benefits such as 100% reimbursement of the sum insured in case of death or permanent complete disablement of the policyholder.
It also provides education funds to the dependent child in case of accidental death of the insured person.
Tips to Select the Best Medical Policy for Family
Determine Insurance Requirement
As discussed above, the insurance requirements of every individual are different due to differences in age, health and other factors. So, begin with outlining the insurance needs of your family members in detail.T
This includes determining the right type of health insurance plans, type of coverage, tenure of policy and other factors. Below are some important questions to address at this stage:
Should I buy a family floater insurance or dedicated policies for each member?
What type of insurance benefits are required by my family?
What are my future insurance requirements?
Decide on Sum Insured and Premium
The next step after assessing your family's insurance coverage needs is determining the value of the sum insured and premiums. Whether you buy a family floater or an individual plan, make sure that the selected sum insured is adequate to meet your financial requirements.
There is absolutely no point in having an insurance plan that exhausts in the middle of tenure, resulting in increased out-of-pocket expenses. When deciding on your sum insured and premiums, consider factors such as the number of family members, their health conditions and medical history as well as your income and personal expenses.
Whatever premium amount you choose, make sure it does not impose an additional burden on your bank account. You can also utilise our health insurance calculator to estimate the premiums before buying any desired plan.
Compare Multiple Plans
You can
compare health insurance plans from multiple providers to find the best policy for your family. This is the easiest and most effective way to figure out which plan to purchase.
When making a comparison, consider checking parameters such as the sum insured, maximum claim limit, claim settlement ratio, network hospitals, room rent limit, inclusions and exclusions, and premiums. Your aim should be to purchase a plan that offers maximum benefits at a price that fits your budget.
Understand Policy Terms
Every health insurance provider has different terms and conditions. Understanding these terms is critical to get the maximum benefits from your family health insurance plans.
Hence, take enough time to read and understand the policy documents thoroughly. When doing so, pay special attention to the claims settlement process and make sure it is simple and stress-free.
Buy Health Insurance Online
If you don't want to miss out on discounts, then consider buying your family health insurance plans online. Many insurance providers, including Reliance General Insurance, offer great discounts which can significantly lower your premiums.
Besides cost-related benefits, buying a policy online is much easier, quick and convenient as compared to traditional offline policy purchases.
Importance of Family Health Insurance
Before discussing the options for the best health insurance plans for family, let's take a look at some critical reasons why family health insurance is indispensable.
Rising Healthcare Cost
Increased exposure to a variety of health ailments and rising health costs are among the primary reasons why health insurance is important for everyone. By investing in a family medical policy, you can arrange the best healthcare for your loved ones without worrying about the exorbitant cost.
Comprehensive Coverage
The best family insurance plans offer required financial coverage for all sorts of medical expenses such as hospitalisation, diagnostics, doctor consultation, pre- and post-hospitalisation, daycare and even ambulance charges.
That's not all; the best health insurance policies offer many other benefits, including coverage for alternative treatments, preventative healthcare management, mental awareness programs and more. This comprehensive coverage ensures that your family members attain the best health.
Tax Benefits
Besides covering the medical expenses of your family, health insurance plans also offer impressive tax benefits. That's right. You can claim tax deductions up to one lakh on your health insurance premiums, u/s 80D of the Income Tax Act*. This benefit makes health insurance one of the most critical financial management tools for every family.
Peace of Mind
Above everything, insuring each and every member of your family with suitable plans provides you with a peace of mind knowing everyone is well-covered for their medical emergencies.
Enjoy Low-premiums on Buying Reliance Health Insurance for Family
As we have discussed, purchasing the best health insurance plans for family is very important to deal with rising healthcare costs.
Whether you are looking for a family floater insurance plan or need an individual health insurance policy for dedicated coverage, you can choose from a wide range of options at Reliance General Insurance.
Our
health insurance plans are known for its comprehensive coverage, impressive claim limit, and an array of benefits. Based on your requirements, you can buy it as an individual policy or family plan.
All our plans are bundled with features such as 100% claims settlement ratio*, 10,000+ network hospitals, quick cashless and reimbursement claims settlement and premiums starting as low as ₹243 per month*.
What are you waiting for? Get your quotes now!
Frequently Asked Question
What is the best family health cover?
Critical illness insurance, hospital cash, maternity cover, etc., are some of the best insurance covers to purchase with health insurance plans.
Is family health insurance more expensive than individual insurance?
The cost of family health insurance can be slightly higher than an individual policy due to increased sum insured and comprehensive coverage for multiple members. However, it is cost effective as you only have to buy a single policy for all the members.
How many members can I cover with family health insurance?
The number of family members you can cover in a policy vary based on your health insurance provider. With Reliance Health Gain Insurance, you can cover up to 6 adults and 6 dependent children.
