Health Insurance Plans For Family: Why you should opt for them?

 

The COVID-19 pandemic has been a wake-up call for many of us in general as it highlighted the fragility of the healthcare system around the world. This has also made people more aware about the cost of medical treatment and procedures; especially the ones that are related to critical illnesses.

In such times, it is always a wise decision to invest in health insurance plans for family for overall protection of your loved ones. To help you understand better as to why it is better to go for health insurance plans for family, listed below are 4 reasons:


1.      More members get covered



When looking for health insurance plans for family, you should look for a plan that will cover as many family members under its umbrella. Family health insurance covers not just your immediate family members, but those members as well who are financially dependent on you. For example due to COVID-19, IRDAI directed all of the insurance companies to come up with COVID-19 specific health insurance policies. Naturally, you will opt for these policies, however, there is a distinction between the two policies. Doing a simple web search for ‘buy online Corona Rakshak policy’ will also show you that this policy offers only individual coverage. The Corona Kavach policy on the other hand, is a family floater policy, i.e, it covers your family members as well.


2.      Sum insured is better

The sum insured that you get in health insurance plans for family is what helps in covering the expenses of the medical treatment. When you or your loved one gets hospitalised, your claim is compensated in the form of sum insured. Compared to individual health insurance, the sum insured offered with family health insurance is greater as it covers all of your family members. The only downside about the sum insured in family health insurance is that it is meant for the coverage for all the members. In the case of individual health insurance, each member gets individual sum insured.


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