February 22, 2018

Best Family Health Insurance Plans in India 2018

Health insurances are offered by General Health Insurance Companies. There are very important factors that you should take into consideration before purchasing a health insurance policy for your family. Here is a comparison of all the Family Floater Health Insurance Plans of insurance companies and step by step guide to decide best family floater health insurance plans in India 2018. This post will help you to choose the best family health insurance plans in India 2018 covering major factors.

Advice:  Believe only the policy terms and conditions document. Not the sales lady, not the brochure, not the product web page.

Why Family Floater Health Insurance Plan 

Always go for a family floater plan as it will cover the entire family. Otherwise you will have to buy individual health insurance plans for all family members each. It is hard to find one-size-fits-all health insurance plan to suit all your needs. You may have to find the best plan by checking some major factors such as claim settlement record, co pay, room rent, post hospitalization expenses, critical illness coverage etc. I will explain them here.

Best Family Health Insurance Plans in India 2018

Number of Family Members

Majority of the family health insurance does include all the family members. But the number of adults and number of children will mentioned in the plan and you can only include that much. As per Apollo Munich family floater policy, a policyholder can include spouse, dependent children, dependent parents, parents-in-law, grandparents and grandchildren. A maximum of 2 adults and a maximum of 5 children can be included in a single policy under a family floater plan. You may have to one more policy to include more adults.

Source: apollo munich

Maximum and Minimum Entry Age

The plan will mention maximum and minimum age of the family member to get included in the policy. This is called Entry Age. Majority of the policies provide 18-65 or 18-60 age for adults and 3 months - 18 years for children.


Identify the number and age of family members.
Check the insurance company website to see the maximum and minimum entry age.

Cashless Hospital Network

If you are staying in a semi rural area with few hospitals around that are not covered by the health insurance company, then you may end up paying for hospital costs. Always go to the health insurance company websites and check which are the hospitals available under that company. You can use the locators in the websites of the companies to check the hospitals covered.  I was planning to purchase a health policy from HDFC Ergo. I used the locator of HDC Ergo and found out there are only two hospitals covered under it in my area. Use Hospital Coverage Network of Max Bupa for that.

Cashless hospital will provide you facilities without paying a single penny from your pocket. They will charge the amount directly from the insurance company. Check how many cashless hospitals are there in the insurance company coverage. You can check them by going to the insurance company website and check for hospital coverage.


Identify major hospitals in your area where you will go for treatment.
Go to Insurance companies website
Check the hospital coverage network details.

Max Bupa family health insurance hospital coverage

Max Bupa family health insurance hospital coverage

Minimum Waiting Period for pre exiting illness

Read the policies carefully to find out the minimum waiting period of any previously exiting illnesses of any of your family members. Some policies says that if you have XXX illness, you will have to wait for 4 years to apply for insurance coverage of that illness.

Claim Settlement Record

You can check the claim settlement record of the company to see whether the claims are settled or rejected.

There are many more factors to be checked and verified before purchasing a health insurance. It is not a 2 minutes task.

Comparison of Best health plans for you

Update 1: I was reading a post Best health plans for you in Livemint.com and saw a nice comparison of health insurance plans. See the list below. You can compare the plans and check the rating.

Source: Livemint

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