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Advantages of A Family Health Plan

By Finserv MARKETS - May 2,2019
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Advantages of a family health plan

Caring for those who matter is a priority for all of us. And a Family Health Insurance policy helps you do just that. By paying a single premium, you can secure health care coverage for yourself, spouse, children and elderly parents. A Family floater policy truly offers comprehensive protection against all kinds of medical expenses for a family. In this article, we have highlighted some of the significant advantages of Health Insurance plans for a family:-

1. Hassle-Free Way to Cover Family Health Care Costs

Given the skyrocketing healthcare costs, managing the health care expenses of the entire family can be financially devastating if you don’t have Health plan. Buying a Family Health Insurance policy is the most convenient way to safeguard the health of your loved ones as it relieves you from the task of maintaining and keeping track of different health policies. Hence, it’s a hassle-free way to ensure timely medical attention for all your family members without worrying about the costs involved. This helps you focus on the recovery rather than worry about arranging for finances.

2. Flexibility to Add New Members

Most Family Health Insurance providers offer utmost flexibility when it comes to adding more members to an existing plan. However, make sure to opt for a higher sum insured if you add new members to your policy.

3. Includes Elderly Parents and In-Laws

Some Insurance companies also provide an option to include parents-in-law by paying a little extra premium. This helps you cover the healthcare costs for both the sides of your family.

4. Seamless Coverage

When you have multiple insurance policies for each family member, keeping track of the renewal dates often becomes a problem. In case you forget, you may be highly inconvenienced at the time of need. However, if you opt for a Health Insurance policy, you only have to pay a single premium. By renewing on time, you can secure seamless health cover for yourself and your loved ones.

5. Additional Benefits

With a Family Health Insurance plan, you can also enjoy additional benefits like maternity cover, increased sum assured etc. However, the maternity cover generally entails a waiting period.

6. Tax Benefits

Premiums paid towards Family Health Plans are eligible for tax deductions of up to Rs. 55,000 which includes Rs. 25,000 for yourself and Rs. 30,00 for senior citizens under Section 80D of the Income Tax Act. The health insurance tax benefits you will receive is immense.

Without a doubt, buying Family Medical Insurance is the most convenient and economical way to ensure quality healthcare for your entire family. You can secure complete health coverage for your family with health plans Finserv MARKETS. By investing in a Family Health plan with us, you can enjoy unique benefits like hassle-free claim process, cashless facility at 6000+ network hospitals, Ayurveda/Homeopathic coverage and much more. So, choose from our Family Health Insurance plans online at Finserv MARKETS and protect yourself and your loved ones from unexpected medical expenses.

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Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522