A family floater health insurance plan covers the medical expenses of the entire family. It is more cost-effective than individual health insurance plans. Children, spouse, parents, siblings and parents-in-law can be included under this plan.
If you are looking for a health insurance plan for your family, here’s a list of the 5 best family floater health insurance plans. Take a look!
|S No.||Family Floater Health Insurance Plan||Sum Insured||Claim Settlement Ratio|
|1.||Aditya Birla Activ Health Platinum Enhanced Plan||Starting from Rs. 5 lakh||98.04%|
|2.||** Navi Health Insurance||Up to Rs. 1 Crore||97%|
|3.||Care Advantage Plan||Rs. 25 lakh/50 lakh||95.2%|
|4.||Niva Bupa Heartbeat Family Floater Plan||Up to Rs. 50 lakh||96%|
|5.||Star Family Health Optima Plan||Up to Rs. 25 lakh||93%|
Here’s a list of the benefits of the family floater health insurance plan:
The claim process in the case of a family floater health insurance plan does not involve any hassle. It includes the following steps:
*Note: The claim process of family floater health insurance plans varies from one insurance provider to another.
The eligibility criteria will vary from one family floater health insurance plan to another. However, there are some essential criteria that every program requires you to fulfil:
Here are some points that every individual must consider before buying the best family floater health insurance plan:
The best family floater health insurance plan provides many benefits, but the top reasons why one must consider buying it online are as follows:
If you are looking for a family floater health insurance plan, check out Navi’s offering. The paperless process of purchasing a policy from this insurer doesn’t involve any hassle. Furthermore, individuals can get cashless claims within 20 minutes across over 10,000 network hospitals across India. Download the Navi app and get an added layer of financial protection for your family.
A family floater health insurance plan is a better option compared to an individual health insurance plan. Go through the above list and subsections to identify which is the best family floater health insurance policy in India for 2022. Download the Navi app to provide a safety net for yourself and your family today!
Ans: Under Section 80D of the Income Tax Act, the premium paid for the insurance policy is eligible for deduction. The deduction will amount to Rs. 15,000 in case the insurance policy covers your spouse, self, and children. However, if it covers senior citizens in your family, then an additional exemption of Rs. 20,000 is also allowed. So, the total savings can amount to Rs. 35,000.
Ans: Make sure you have the following documents along with you when filing a family floater health insurance claim:
Hospital bills, Any other treatment-related payment receipt, Discharge report, Health insurance form, Policy document and Consultation document.
Ans: If the primary insured member dies or reaches the maximum age, another adult member covered under the policy can become the immediate member and enjoy the continuity benefit. However, one must inform the insurance company about the change first.
Ans: Yes, there is a waiting period of 30 days, after which the policy commences. However, it varies from one family health insurance policy to another. So, make sure to check it before buying a policy. Also, in some guidelines, the waiting period has subcategories, including the pre-existing disease waiting period, maternity cover waiting period, etc.
Ans: Policyholders can add new members to their existing family floater health insurance policy. However, one must do it at the time of policy renewal. Remember, the addition of a dependent family member other than a newborn is not allowed in the middle of a plan. Also, keep in mind that you will have to pay an extra premium for the additional member.
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Disclaimer: This article has been prepared on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this article is for general purposes only and not a complete disclosure of every material fact. It should not be construed as investment advice to any party. The article does not warrant the completeness or accuracy of the information, and disclaims all liabilities, losses and damages arising out of the use of this information. Readers shall be fully liable/responsible for any decision taken on the basis of this article.
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