Health Insurance Plans For Family: Buy And Renew Online

Rashi Maheshwari
Editor

Published: Dec 26, 2022, 10:00am

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations.
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You may think that the savings which you amassed over the years may be enough to take care of you and your family medical needs. The fact is that the entire corpus may run out much earlier than you think, if any medical emergency happens to you and your family. Thus, having comprehensive health insurance for your family is a vital and cost-effective way which not only safeguards your life savings but also helps you to take care of you and your family’s health needs in the era of rising healthcare costs.

Forbes Advisor has done detailed and elaborated research and listed out the health insurance plans for families provided by the leading insurance companies of India.   

Insurance Companies Providing Health Insurance Plans For Family

  1. Aditya Birla Health Insurance
  2. Acko General Insurance
  3. Bajaj Allianz General Insurance
  4. Cholamandalam MS General Insurance
  5. Manipal Cigna Health Insurance Company
  6. Edelweiss General Insurance
  7. Future Generali India Insurance
  8. Kotak General Insurance 
  9. Go Digit General Insurance
  10. HDFC ERGO General Insurance
  11. ICICI LOMBARD General Insurance
  12. IFFCO TOKIO General Insurance
  13. Niva Bupa Health Insurance
  14. National Insurance
  15. Reliance General Insurance
  16. Care Health Insurance
  17. Royal Sundaram General Insurance
  18. SBI General Insurance
  19. Star Health & Allied Insurance
  20. Tata AIG General Insurance
  21. Manipal Cigna Health Insurance
  22. The New India Assurance
  23. The Oriental Insurance Company
  24. Universal Sompo General Insurance

List of Health Insurance Plans For Family

Insurance CompanyPolicy NameKey Features
HDFC ERGOOptima Restore-Family PlanEntry age: 18 years to 65 years.
Sum insured: up to INR 50 lakh.
Coverage: Self, spouse, children, parents and parents-in-laws
Full sum insured gets restored immediately after the first claim.
Waiting period for pre-existing diseases is 2 years.
TATA AIGMedicare PremierEntry age: 18 years to 65 years.
Sum insured: Up to INR 50 lakh.
Coverage: Self, spouse, up to three children and 2 dependent parents.
Covers in-patient hospitalization costs, maternity cover, vaccinations, daily cash benefit, OPD treatment.
Restores 100% of the basic sum insured amount.
Waiting period for pre-existing diseases is four years.
Care InsuranceCare SupremeEntry age: 18 years or above.
Sum insured: Up to INR 5 lakh.
Coverage: Self, spouse, live-in-partner, children and parents and parents-in-laws. Covers hospitalization, pre-and post-hospitalization expenses,
Covers ambulance cost, modern surgeries and day care procedures.
Benefits such as cumulative bonus, unlimited recharge of sum insured.
Optional benefits such as air ambulance, annual health check-up.
Niva BupaReAssure Health PolicyEntry age: 18 years and 65 years.
Sum insured: Up to INR 1 crore.
Coverage: 6 members of a family including adults and children other than self.
Covers hospitalization, pre-and post-hospitalization cost, ambulance cost, modern surgeries, day care procedures.
Covers organ donor cost, treatment at home, AYUSH treatment.
No sub-limits on ICU charges and room rent.
Aditya Birla Health InsuranceActiv Health PlatinumEntry age: 18 years and beyond.
Sum insured: Up to INR 10 lakh.
Coverage: Self, spouse, parents, and parent-in-laws, three dependent kids.
Earn health return points.
527-day care procedures covered.
Option of getting a cover for 'any room’.
Option to choose room and zone of treatment as per convenience.
100% reload of the sum insured.
Reliance General Health InsuranceReliance Health InfinityEntry age: 18 years and beyond.
Sum insured: Up to INR 1 crore.
Coverage: 8 members including 2 adults and up to six children.
Covers in-patient care, day care procedures, AYUSH benefits, pre-and post-hospitalization costs, ambulance charges.
Option to choose voluntary co-payment of 10%.
Out-patient expenses, maternity costs, overseas treatment not covered.
Royal SundaramFamily Plus Health Insurance PlanEntry age: 18 years and beyond.
Sum insured: Up to INR 50 lakh.
Coverage: Minimum of 2 members need to be covered, with no restriction on the maximum number.
Maternity and newborn cover, reload benefit, no claim bonus, modern treatments coverage.
Vaccination due to animal bite is covered up to INR 5,000.
Second opinion for 11 critical illnesses.
AYUSH treatment costs are covered up to INR 30,000.
Ambulance charges covered up to INR 4,000.
ICICI LombardComplete Health ShieldEntry age: 18 years or beyond
Sum insured: Up to INR 50 lakh.
Coverage: Self, spouse, children and parents and parents-in-law.
In-patient treatment, daily cash benefit, critical illness cover, donor expenses, air ambulance cover, nursing cost.
Wellness and unlimited reset benefits.
Reset up to 100% of the basic sum insured.
Bajaj AllianzFamily Health Insurance PlanEntry age: 18 years and 65 years.
Sum insured: Up to 1 crore.
Coverage: Self, spouse, dependent children. Separate floater policy for dependent parents.
Covers in-patient treatment, AYUSH treatment, daycare surgeries, ambulance cover. Maternity and newborn coverage is available.
Coverage for mental illness.
Family, long-term, online discounts up to 10%.
Sub-limits on room rent, ICU charges, modern treatments.
Star Health InsuranceFamily HealthEntry age: 18 years to 65 years.
Sum insured: Up to INR 25 lakh.
Coverage: Self, spouse, children, parents and parents in law.
Covers road and air ambulance charges, day care procedures, room and nursing expenses.
Covers maternity, new-born expenses. Automatic restoration of the sum insured amount.
IFFCO Tokio Health InsuranceFamily Health ProtectorEntry age: 18 years to 65 years.
Sum insured up to INR 30 lakh.
Coverage: Self, spouse, parent children, brother, sister, brother-in-law, sister-in-law, nephew, niece or any relatives living together in this policy
No pre-medical test required below 60 years.
Sub-limits on room rent and ICU, if sum insured is below INR 7 lakh.
Covers hospitalization, pre-and post-hospitalization, ambulance cost, modern surgeries, day care procedures, critical illnesses.
Covers organ donor cost, treatment at home, AYUSH treatment.
Manipal Cigna Health InsuranceLifetime Health PlanEntry age: 18 years and 65 years.
Sum insured: Up to INR 3 crore.
Coverage: Self, spouse, children and parents and parents-in-law.
International coverage, no capping on room rent, vaccination cover.
Covers hospitalization costs, daycare treatment, AYUSH treatment, ambulance cost, modern surgeries and critical illnesses.
Annual health check-up is available.
Oriental Health InsuranceHappy Floater PolicyEntry age: 18 years and 65 years.
Sum insured: Up to INR 20 lakh.
Coverage: Self, spouse, children and parents and parents-in-law.
Sub-limits on room rent and ICU charges.
Restoration of the sum insured.
Covers hospitalization costs, pre-and post-hospitalization cost, modern surgeries, daycare treatment.
Optional coverage for air ambulance, accidental cover, critical illness cover and maternity cost.
New India AssuranceNew India Floater Mediclaim PolicyEntry age: 18 years to 65 years.
Sum insured: Up to INR 15 lakh.
Coverage: Minimum two members and maximum six members.
Cumulative Bonus @25% SI for claim free year with Max 50% of SI.
New born baby cover.
Mid- term inclusion of newly married spouse.
Cataract coverage, up to 10% of sum insured or INR 50,000 whichever less, for each eye.
139 Day Care procedures are covered.
Universal Sompo General InsuranceComplete Healthcare InsuranceEntry age: 18 years to 65 years.
Sum insured: Up to INR 50 lakh
Coverage: 20 relations other than self.
Health check-up coupons up to INR 2,200.
Cumulative Bonus Restoration of the sum insured.
Covers inpatient and outpatient costs and modern surgeries.
Dental treatment.
Covers ambulance costs.
Day-care procedures.
Daily cash benefit.
SBI General InsuranceAarogya Premier PolicyEntry age: 3 months to 65 years.
Sum insured: Up to INR 30 lakh.
Coverage: Spouse, dependent children, parents and parents-in-law.
No pre-policy health checkup up to 55 years.
Auto-restoration of the sum insured.
Covers hospitalization costs, pre-and post-hospitalization cost, daycare treatment. Covers AYUSH treatment and maternity costs.
Covers HIV/AIDS, mental illness, genetic disorders.
ACKO Health InsuranceACKO Platinum PlanEntry age: 18 years to 65 years.
Sum Insured: Up to INR 50 lakh.
Coverage: Up to 6 adults including 2 children. Daycare treatments.
Post-birth complications.
Multiple ambulance trips.
Domiciliary hospitalization.
Second opinion consultations.
Annual preventive health check-ups.
Digit InsuranceFamily Health InsuranceEntry age: 18 years to 65 years.
Sum insured: Up to INR 25 lakh.
Coverage: Covers hospitalization costs, pre-and post-hospitalization cost, modern surgeries, daycare treatment.
Sub-limits on ICU charges.
No restrictions on room rent.
Restoration of the sum insured.
No age-based co-payment.
Kotak General InsuranceKotak Health CareEntry age: 18 years to 65 years.
Sum insured: Up to INR 25 lakh.
Coverage: Self, spouse, dependent children and parents.
Inpatient and pre-and post- hospitalization costs.
Hospital daily cash.
Critical illness cover.
Free health check-up.
Cumulative bonus.

Health Insurance Policy Buying Tips For Families

☐ Cover all the members of the family especially those who are dependents such as spouse, children or parents.

☐ Choose a high sum-insured amount as it is distributed between all family members.

☐ Opt for a plan which has an inbuilt restoration benefit of the sum insured.

☐ Carefully check the waiting periods for all coverage being offered.

☐ Young couples should opt for those family plans providing maternity and newborn coverage. Certain plans also cover first-year vaccination costs.

☐ If one has covered their parents or parents-in-law, then examine the coverage options such as knee replacement or cataract surgery covered.

Inclusions Of Health Insurance Plans For Family

  • In-patient hospitalization costs are the expenses which are incurred when a patient is admitted for more than at least 24 hours. 
  • Pre-and post-hospitalization costs such as doctor’s consultation fees or x-ray. 
  • All day care procedures.
  • Road and air ambulance charges.
  • AYUSH treatment costs.
  • Domiciliary treatment costs. 
  • Maternity and new-born cover. 
  • Critical illness cover.
  • Certain plans cover mental illness costs and terminal illness such as HIV/AIDS.

Exclusions of Health Insurance Plans For Family

  • Cost incurred on regular medical check-ups. 
  • Cosmetic surgeries such as plastic surgery or botox. 
  • Self-inflicted injuries such as suicide.  
  • Accidental injury caused in defense operations
  • Dental treatment. 
  • Any purchase of external devices like spectacles, hearing aid, artificial limbs or artificial teeth
  • Hospital admission due to alcohol and drug abuse

Advantages Of Buying Health Insurance Plans For Family

  • Less dependency on corporate group plans. 
  • Provides insurance cover to everyone in the family under the same coverage. 
  • Offers comprehensive coverage for all. 
  • Get various discounts on adding family members in the policy. 
  • Insurance cover for emergencies such as accidental death, disability or any critical illnesses. 
  • Get coverage for maternity expenses and newborn cover.
  • Various options to reinstate the sum insured coverage again, if at all used for making claims.  
  • Avail tax saving benefits under Section 80D of the Income Tax Act.

Frequently Asked Questions (FAQs)

What is a health insurance plan for a family?

A health insurance plan for a family is a plan where a single sum insured is shared by all the members of the family. This is referred to as a “family floater health insurance policy” where a single medical insurance policy provides insurance cover for the entire family. This kind of policy acts as an umbrella which is designed to cover the entire family under one common “sum insured” that can be claimed by everyone in the family.

Why do I need a family health insurance plan?

How can I add family members to my existing policy?

What is the main difference between individual and family insurance?

Is health check-ups in a family floater policy applicable for all?

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the time of publication. Past performance is not indicative of future results.

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Rashi Maheshwari Editor

Rashi Maheshwari is a former Deputy Editor for Forbes Advisor India.

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