Family Health Insurance - choose the right family health insurance plan

If you want to know about the right way to choose the right family health insurance plan, focus on your family healthcare needs, as the plan that fulfills your needs would be the best. Once you have shortlisted the plans, compare quotes of several health insurance plans to know about the coverage and exclusion of each.

Market survey shows that many people when tried to find the best family health insurance plans decided to end up with Easy Health—Family plan. It is one of the most sought after products. It offers coverage to all family members, which may include an insured, his/her spouse, his/her dependent parents and his/her dependent children.

Its coverage limit stretches not only to treatment cost, but also to pre-and post-hospitalization expenses. It also offers coverage to domiciliary treatment, 140 day-care procedures etc. Besides it, these plans come with value-added services that take care of preventive health needs of the people. Value-added services include Cashless Hospitalization facility and Healthline.

One of the distinctive features of this plan is available with lifelong renewal feature so that you and your family members can enjoy the protection for the whole life on regular and timely renewal.

Mediclaim Policy

All those who are looking for the best mediclaim policy, buy Apollo Munich’s Easy Health. it is available in two variants—Individual and Family. This family variant is one of the family healthcare plans that can offer coverage to an insured, spouse, dependent parents and dependent children. Each of these variants is available in three sub variants—Standard, Premium and Exclusive, each if which has its own coverage limits and range of sum assured. Premium variant offers sum assured in the range of 4 lakh to 10 lakh. Exclusive variant offers sum assured in the range of 3 lakh to 7.50 lakh. Standard variant offers sum assured in the range of 2 lakh to 5 lakh.

Its coverage limits extend to hospitalization expense, pre- and post-hospitalization expenses, day-care procedures, domiciliary treatment, daily cash for choosing shred accommodation, maternity benefit, spectacles lenses, ambulance charges etc. In addition, there is also optional and additional coverage for eight major critical illnesses and new born baby coverage in its Premium and Exclusive variant.

This plan offers wide cover at reasonable rates. One of the important benefits of this plan is that its benefits can be availed for the whole life, as it comes with lifelong renewal feature.

Health Policy

Health policy is the right means to be used to finance medical expenditure, but many people believe that these plans should be brought in old age, when a body becomes prone to health risks. It shows that this is the pool of people who are not much aware of the benefits of a health policy.

Health policy, if brought at early age, offers the following benefits;-

• A person would not be able to enjoy the benefit of cumulative bonus that one gets for claim-free years.

• A person buying health insurance at early age has to pay less premium amount,

• A person spends much on his/her healthcare, which would have been covered, if he/she would have been insured.

• Maximum number of health insurance plans in India has cover ceasing age, beyond which there is no coverage offered.

• If a plan is bought at old age, when a human body becomes more prone to diseases, waiting period can keep an insured away from the coverage.


An ideal way to adopt is to buy health policy with lifelong renewal at early age and get it renewed regularly. Apollo Munich offers this benefit of lifelong renewal with its plans.

Healthcare

All human beings need to take care of their health by any means. Health risks are quite common, as we see people facing accident or other mishaps in their life, which bring an enormous change in their life style. This change is only due to expensive medical treatment that they availed. After a person come across financial stress, he/she realizes the importance of healthcare insurance, which should have been purchased much earlier.

It is, therefore, recommended to buy healthcare insurance plans to seek quality medical treatment at the time of medical emergency. These plans offer the facility of cashless hospitalization, using which an insured can go to any network hospital and can seek medical treatment without paying for the same. An insurer pays for these medical bills on behalf of an insured. Apollo Munich offers this facility in more than 4000 hospitals in the country.

Along with it, there is a facility of reimbursement for the treatment availed for the covered peril in non-network hospital. The claim raised against the medical bills gets settled within few working days. Apollo Munich is known for fast approval and quick settlement. Therefore, it has been the choice of millions in India.

Medical Insurance Providers

There are many people who believe that heath or medical insurance is not required by healthy individuals. There are many people in India who believe that investing in health insurance is not much useful. As a result, large pool of people in India re not insured.

Total healthcare expenditure in the country, as per healthcare statistics, is around $40 billion. Out of it, only $2 billion is financed by medical insurance providers. There is a difference of $38 billion, which is the direct measure of scope for health or medical insurance providers. These providers should spread health insurance awareness among the Indian masses and should design products, as per the health needs of people.

It is said that an individual who purchases health insurance is able to live a life to a greater extent. He/she goes for regular health checkups and seeks treatment at the earliest as he/she does not worry for the high rising medical expenses. Medical insurance providers should join hands with other associated bodies in improving the condition of medical insurance in India.
Apollo Munich, a medical insurance provider, is one of the active players that have emerged with the aim to demystify health insurance for the citizens of India.