Family floater health insurance plans cover many family members under a single sum insured. It is a very flexible health insurance policy which is particularly ideal for young families.
If you want to know all about how the best family health insurance plans are beneficial, read on.
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Top Family Floater Health Insurance Plans
Here is a list of the best family floater health insurance plans:
- Comprehensive Family Health Coverage
Comprehensive family health insurance plans provide a range of protection for all members under a single policy. These plans take care of major medical expenses, ensuring financial security during medical emergencies.
They cover hospitalisation costs, pre- and post-hospitalisation care, and even ambulance services, making them suitable choice for families seeking all-round protection.
- Aarogya Sanjeevani Policy
Aarogya Sanjeevani Policy is a simple and affordable health plan available through all general insurers in India.
It provides coverage from Rs. 1 lakh to Rs. 5 lakhs for hospitalisation, daycare treatments, AYUSH therapies, and more, offering essential protection without add-ons or complex terms.
Features of a Family Floater Health Insurance Plan
Below is a list of features which are available in a majority of family floater health insurance plans:
- Pre-Hospitalisation Expenses
Family floater medical insurance plans cover the costs that occur before a person is admitted to the hospital. These include expenses for doctor consultations, medical tests, and treatments needed to diagnose or prepare for hospitalisation.
- Post-Hospitalisation Charges
Family floater health policies coverage continues even after the patient leaves the hospital. It includes expenses for follow-up visits, aftercare procedures, medicines, and routine check-ups during the recovery phase.
- In-Patient Hospitalisation Charges
These plans cover hospitalisation costs such as room rent, doctor’s fees, nursing care, and medical treatments. The coverage applies up to the limit mentioned in the policy.
- AYUSH Coverage
Family floater plans also cover alternative treatments under AYUSH (Ayurveda, Yoga, Unani, Siddha, and Homoeopathy) within the specified limits.
- Domiciliary Hospitalisation
If the patient cannot travel to the hospital, treatment can take place at home. The policy provides coverage for such home-based care, as allowed under policy conditions.
- Hospital Cash Benefit
Some insurers offer a daily cash allowance for each completed day of hospital stay, subject to the policy’s terms and limits.
- Ambulance Coverage
The policy covers ambulance costs incurred while transporting the patient to the hospital. Depending on the insurer, this may include road or air ambulance services.
- Second Medical Opinion
Policyholders can seek a second medical opinion from a qualified doctor within the insurer’s network, especially in serious or life-threatening cases.
- Maternity and Newborn Coverage
Family floater plans may include maternity benefits for both normal and caesarean deliveries. They also cover newborn babies from the very first day after birth.
What to Look for in a Family Health Insurance Plan?
Here are a few things to consider when going for the best family floater health insurance plans:
- Claim Settlement Ratio
Always choose an insurer with a high claim settlement ratio. This ratio reflects how efficiently the company settles claims. A higher ratio indicates that the insurer processes most claims promptly. Thus, it reduces the stress of waiting during emergencies.
- Network Hospital Coverage
Select an insurer with a wide network of hospitals, ideally more than 14,000 across the country. A large network gives you greater access to quality healthcare facilities and makes it easier to avail of cashless treatments without having to pay upfront.
- Sum Insured
Review the available sum insured options carefully. Choose a coverage amount that suits your family’s medical needs, age, and lifestyle. A sufficient sum insured ensures you can handle unexpected medical costs without financial strain.
- Cumulative Bonus
Go for a policy that offers a cumulative bonus for every claim-free year. This benefit increases your sum insured without raising your premium, rewarding you for staying healthy and not making claims.
- Inclusions and Exclusions
Knowing what the policy covers and what it does not is essential. Always read the inclusions and exclusions thoroughly before buying a plan. This helps prevent unpleasant surprises at the time of claim and ensures you know exactly what expenses are reimbursable.
What are the Documents Required to Submit for a Family Floater Plan?
Here are a few documents required to apply for the best family floater health insurance plans:
- Age Proof – Birth certificate, Aadhaar card, Voter’s ID, Passport, PAN card, driving license.
- Identity Proof – Driving license, PAN card, passport, Aadhar card, voter ID.
- Address Proof – Telephone bill, Electricity bill, Voter’s ID, Driving License, Ration Card, etc.
Final Words
The best family floater health insurance plans offer a very effective way of providing medical insurance policy for the entire family under a single insurance premium. This makes these policies very cost-effective to get your family members secured during unexpected health emergencies.