Health Insurance Plans for Family

Making sure of the safety and well-being of your loved one is the top priority for us. And this includes helping you choose the right medical insurance for family as this can make all the difference. 

With a family floater health insurance policy, you can claim up to the total sum insured provided by the policy document's terms and conditions. Under this floater plan, the sum insured will be shared by all family members.

Star Health Insurance plans for family provides a wide range of comprehensive and flexible medical insurance for family, no matter if you’re a growing family or looking to provide for your extended family or a single parent we’ve got you covered. 

We will provide you with adequate information for you to choose the right health insurance plans for family. We are dedicated to helping you understand the complexities of family medical insurance, like easy-to-understand definitions for key features, detailed plan options and benefits. 

Compare plans, inspect our resources, and explore how we can give you a hand in securing the best family insurance plan to safeguard your family’s peace of mind and health. 
 

Family Health Insurance Policy

Health insurance is a priority during medical emergency. Family health insurance can have various benefits, like coverage for everyone, irrespective of age, under a single policy.

• Stress-free Hospitalisation

Hospitalisation can be calm and hassle-free when your family is insured. You can avail cashless treatment from the network hospital.

• Tax Savings 80 D Benefit

Taking health Insurance policy for your family supports you to save income tax. You can save tax payments, and the limit will depend on your age criteria. For example, if you are below 60 years, the tax exemption limit is ₹25,000 and for senior citizens, it is ₹50,000, under section 80D of the Income Tax Act, 1961.

• No Tax Benefit on Cash Payment

To avail income tax benefits, pay health insurance premiums through banking modes like cheque, debit or credit card, demand draft or net banking.

Importance of Health Insurance for Families

Under family floater health insurance plans, insured family members can avail of various benefits. Irrespective of their age, the whole family gets protection under a single policy. Let’s look at the importance of family health insurance plans.

Stress-free cashless hospitalisation

Just like an individual health plan, a family floater plan allows the insured family member to receive cashless treatment in an insurer's network hospital during a medical emergency. With a family floater plan, you can cover all your family members for quality medical care without compromise.

Coverage for parents and in-laws in a single plan

Many health insurance companies allow people to include parents and parents-in-law under the same family floater plans. With this floater plan, you can ensure the health of your parents and your spouse’s parents.

Reasonable premiums

With family health insurance plans, you don’t have to pay individual premiums for all the family members. Under a single policy, you can cover your spouse, dependent children and parents at affordable premiums.

However, most financial advisors suggest buying individual healthcare plans for parents as they are prone to age-related health issues.

Easy to insure a new family member

One can easily add a new family member to family health insurance plans by paying an extra premium. There is no need to take a new policy every time a family member is added. If you add your parents, make sure you increase the sum insured.

Can avail additional benefits

Under family health plans, one can enjoy various add-on benefits, including maternity, etc. However, one must read the policy terms carefully to understand the inclusions and exclusions of the insurance plans.

Tax benefits

When you buy health insurance, you can claim tax benefits under Section 80 D of the Income Tax Act 1961; one can save money on income tax.

You can enjoy an extensive tax exemption if you buy a family health insurance plan.
 

5 Major Reasons to buy Family Health Insurance Plan

1. Financial Security 

Investing in a good family healthcare plan makes sure that your financial commitments are reduced in the event of a tough healthcare situation. Availing medical treatment for certain health emergencies can deeply impact your financial stability, offsetting your plans. With changing lifestyles, we are exposed to severe diseases and illnesses. In such events, gathering funds could get difficult and that is when health insurance cover comes in handy. Your health insurance plan will allow you to cover the costs of hospitalisation expenses, treatment costs, domiciliary expenses, ambulance charges, and more depending on the type of your policy. 

2. Peace of Mind 

Investing in a health insurance policy ensures that the medical expenses of your loved ones are secured, giving you peace of mind. When you and your family are financially secure, there is more peace of mind in your recovery process.

3. Quality treatment

All your family members can avail quality healthcare under a family health insurance plan, providing cashless hospitalisation in Network Hospitals across multiple cities in India. One can get treatment at a hospital of their choice.

4. Increasing healthcare costs

The stark reality of today is that everything is getting expensive, including healthcare. The average cost of healthcare has soared steadily, making certain treatments uneconomical to the common man. A good family health insurance plan can ensure that all members of the family get the best treatment without suffering the loss of savings.

5. Tax Exemption

The insured can enjoy tax benefits on the premiums paid towards a health insurance policy under Section 80D of the Income Tax Act, 1961. And if you pay the health insurance premiums for yourself as well as for your family, then the deductions can be clubbed together and can avail tax deductions every year.

Am I eligible to buy a Family Health Insurance Plan?

Yes, you can take policy for yourself and spouse, dependant children, Parents and Parents in Law.

• Pre-existing disease/ Previous medical condition

It is important to disclose your medical history while buying health insurance. You have to disclose your health history including diseases and illness, if any, in the proposal form.

The insurer will cover certain pre-existing diseases after the waiting period. In some cases, certain diseases might require additional premiums like buy back PED.

• Age

People over the age of 18 to 65 years can opt to buy a health insurance policy. 

Top Health Insurance Plans for Families

Star Health Insurance provides various family health insurance plans (floater) at an affordable premium; the below table demonstrates some beneficial family health insurance plans for you and your family:

How many members can be covered under Family Medical Insurance Plans?

When purchasing a medical insurance policy, you can cover all your legal family members, including you, your spouse, kids, parents and parents-in-law. Additionally, it is important to choose the best family health insurance as it provides cost-effective solutions to the entire family.

Coverage under Family Health Insurance Plans

Star Health provides the best family health insurance plan in India with comprehensive benefits, quick claim processes, and cashless hospitalisation facilities. With Star Health’s family health insurance plans, you can get extensive coverage for all the family members on an individual or floater sum insured basis, irrespective of age.
  

Hospitalisation Expenses  

 
Hospitalisation expenses, including room rent, surgery expense, ICU charges, doctor consultations, etc., incurred on diseases or injury is covered under most health insurance plans.  

 
Pre & Post-Hospitalisation  

 
Pre and post-hospitalisation expenses are covered under your health insurance plan. These include doctor's fees and treatment, medical bills, investigations, follow-up appointments, etc.  

 
Day Care Treatment  

 
Family health insurance covers the treatment expenses for daycare procedures.  

   
Organ Donor Expenses  
 
Health insurance plans cover expenses for organ donors when the insured person is the recipient.  

 
AYUSH Cover  

 
Medical insurance coverage for inpatient hospitalization for system of medicines other than Allopathic  such as Ayurveda, Siddha, Unani and Homeopathy.

Health Check-Up  

 
Most insurance plans also cover expenses related to health check-up in addition to hospitalisation.  

 
Automatic Restoration  

 
When your medical expenses exceed your sum insured, the automatic restoration benefit helps in restoring the sum insured of your health insurance to the maximum limit after it gets exhausted.

Exclusions of Family Health Insurance Plans  

In general, a medical or health policy comes with specific terms and conditions of the insurance provider along with the policy's coverage details. It also enlists exclusions that are not payable, i.e., the policyholder cannot raise a medical claim listed under exclusions. 

1. Buying Star Health Family Health Insurance Online in 5 Simple Steps  

Buying a family health insurance plan online is a convenient process. As India’s first stand-alone health insurance company, Star Health provides comprehensive health plans explicitly customised for families, including maternity benefits, cashless hospitalisation facilities, pre and post-medical coverage schemes, and much more. 

Here are 5 simple steps for buying Star Health Family Health Insurance online:

Step 1: Visit the official website of Star Health Insurance.
Step 2: Navigate to the top right corner of the page and click on the ‘Buy Now’ button.
Step 3: Fill in the required details such as name, email ID, PIN code, and mobile number.
Step 4: Select the insurance plan that meets your needs and pay the premium.
Step 5: We will send the policy documents to your registered email address.

2. Factors to Evaluate Prior to Purchasing a Family Health Insurance Plan

A health insurance coverage for family is one of the best ways to cope with the medical expenses during an emergency. An insurance plan reduces the financial burden and ensures the family's safety when you hit a medical contingency. There are certain factors to be evaluated before purchasing a family health insurance plan:

• Inclusions and Exclusions - You must have complete clarity on the coverage of the insurance plan vs the conditions for which a claim cannot be processed.
• Choosing the right company - It is essential to select the best and most reliable health insurance company that offers comprehensive health coverage options.
• Policy terms and sum insured - Get equipped with a thorough knowledge of policy premiums and sum insured details to make well-informed decisions.

 Self-Injury  

 
Health insurance policies do not cover expenses incurred due to intentional self-harm or suicide attempts, alcoholism, drug or substance abuse. 

 
Cosmetic Treatments  

 
Cosmetic surgeries or treatments are usually not covered under family health insurance. 

 
Adventurous Sports  

 
Family floater insurance plan does not offer coverage for expenses incurred for injuries occurring while engaging in adventure sports activities like rock climbing, parasailing, paragliding, etc. 

 
Waiting Period   

 
Insurers will not provide coverage for treatments during the waiting period. The waiting period is applicable for pre-existing diseases or illness as mentioned in the policy.

How to select the right family health insurance plan

How to Choose the Right Health Insurance Plan for Your Family?

As you know, various health insurance plans are available in the market, and choosing a suitable one for you and your family can be challenging. Here are some points to follow before buying a family health insurance plan.

Check for the Policy Coverage

Before buying a health insurance plan, you must look for policy coverage. Always choose a plan that covers pre- and post-hospitalisation, maternity benefits, cashless treatment, daily hospital cash benefits and an extensive range of medical problems.

Check your requirements and choose a plan for your needs and your family.

Know the waiting period

Most Health Insurance policies cover pre-existing diseases, maternity, etc., after a waiting period of 12 months, 24 months, or 48 months. The waiting period often varies from insurer to insurer.

Many insurance companies offer lower waiting periods, so make sure you check the waiting period for your pre-existing disease and choose a plan with a lower waiting period.

You should know the clauses of the policy to add or remove a person.

Look for lifetime renewability

While purchasing a plan, always look for the policy tenure and the renewability option. It is advised to select a plan with lifetime renewability; as we grow old, the risk of falling sick increases. So. choosing a plan with lifetime renewability is preferred.

Co-payment clause

Co-payment is an option available in health insurance policies that refers to the percentage of the amount the insured agrees to pay out of his pocket. The insurance company will take care of the remaining hospitalisation charges. The co-payment share varies from insurer to insurer.

Due to rising medical costs and day-to-day risks, the reasons to buy medical insurance for family have become necessary for every family. 

Health emergencies do not come with prior warning, and the treatment cost for the same could eat up your savings for your entire life. This is why medical insurance for family are an absolute necessity today and therefore you must ensure that you and your family are protected under the best health insurance plan for family.
 

Eligibility criteria to get the policy

When purchasing health insurance, we often wonder if all our family members qualify. Insurance eligibility is primarily determined by the following: 

• Age

Any adults aged between 18 and 65 years can avail family health insurance. However, dependent children are covered from 16 days up to 25 years of age.

• Previous Medical Conditions / Pre-Existing Illnesses

When buying health insurance, you must disclose your medical history. Certain pre-existing diseases may be covered after the waiting period, while others may be covered under special products like Cardiac Care, Diabetes Safe, Cancer Care and Special Care for Autism Child.

Benefits of Buying Family Health Insurance Plans

Family health insurance helps you keep your close ones together. It enables you to deal with mental anxiety and prepares you to face any physical ailments that may detract from the quality of life you and your loved one lead. Simply put, it allows you to focus on the betterment of those that always come first, the people you love.  

We understand you want to give your family the very best in life. This makes it necessary for you to ensure that even the mildest threats to their well-being are addressed with the best viable treatment.

The benefits of Star Health family plans are industry-leading and fulfil your needs through various offerings.

In-patient Hospitalisation

Our plans cover you for in-patient hospitalisation which includes room rent, ICU charges, operation theatre charges, doctor fees, nursing charges, anaesthesia, and more. Cashless treatment facilities are available across India in our network of hospitals.

Delivery and new-born  

Our health insurance plans ensure coverage for pre-and post-natal expenses, normal delivery and cesarean section expenses. Under such policies, if the delivery is paid and occurs in the middle of the policy period the new born baby from day 1 for treatments, vaccination and complications till the expiry of the policy without any additional Premium upto the limits specified. 

Out-patient Dental and Ophthalmic treatment

Our specialised health insurance plans cover the expenses like the insured’s visit to a clinic for illness, the consultation fees and other services like injection, wound dressing etc. Similarly, it can cover expenses for medicines at the pharmacy, diagnostic tests like X-rays, blood tests etc, at the laboratory and minor procedures for which you don’t have to get admitted to a hospital. Under our family mediclaim policies, you can receive dental and ophthalmic treatments as an out-patient upto the specified limit after a specific waiting period.

Organ donor expenses  

Manage your organ donor expenses with various policies of star health. When the insured is in the need of organ transplantation, our family health insurance plans can cover the cost of surgery and harvesting of the organ up to the specified amount mentioned in the policy clauses.

Health Check-ups  

“Prevention is better than cure”. You can get your health check-up costs covered after every claim-free year with our family Mediclaim policies.

Option for Second Medical Opinion  

Policyholders are allowed to get a second medical opinion from a doctor in Star Health’s network of medical practitioners.  

AYUSH treatments  

Our plans include coverage of in-patient hospitalisation expenses of your family members for the following treatments, provided the treatments are taken in Government hospitals and/or Government/ recognised institutes that are accredited by the Quality Council of India/National Accreditation Board on Health. The following treatments are payable up to the limits mentioned in the policy.

1. Ayurveda 

2. Unani

3. Siddha

4. Homeopathy 

Personal Accident Cover

Our plans provide personal accident cover which provides lump sum benefit in case of death or Permanent total disablement of the insured person resulting from an accident as specified in the Policy . 

Star Wellness Program

The wellness program seeks to help policyholders begin, improve and maintain an active and healthy lifestyle. The insured person can make use of the Star Wellness Program offered by most of our policies to maintain good health. 

Through this program, we motivate you and your family to lead an active life. Therefore, in our policies, we offer renewal discounts in premium for the earned wellness point by taking part in the Star Wellness Program.  

What are the advantages of buying family health insurance online?

• Time Saver

You can purchase an insurance policy online that suits you without any hassle. It also facilitates easy online renewals. You can receive quotes directly over the internet in much less time.  

• Easy Comparisons 

In the digital age, it's much easier to compare more and more policies online. In general, every insurer provides detailed information on their website.

• Better Decisions 

There will be access to all the necessary information, such as policy quotes, benefits covered, exclusion list, and terms and conditions which make it easier to compare different health insurance policies to make an informed decision. By doing a comparative study on the internet, you get a better understanding of health insurance policies, which leads to a better decision.

• 24x7 Information 

Obtaining information about your insurance policy online is possible around the clock. 

• Discounts

You can often get discounts when you buy health insurance online from an insurance provider's website. Most Star Health Insurance Policies offer a 5% discount for first-time buyers online. 

CONCLUSION

To wrap it up, zeroing down on the right health insurance policy for family is very important for securing their health, financial security and safety. We’re focused in helping you make fully-informed choices which fits into the unique needs and circumstances of your family. With our variety of flexible family insurance plans and comprehensive coverage choices, you can be assured that you are prepared for whatever life throws at you. 

We would be happy for you to explore our family medical insurance plans, make use of our resources and talk to our knowledgeable team for further queries. We can walk side by side to protect and keep your family healthy.