Free quotes from top insurers with lowest premiums in
4 simple steps
*Please note that the quotes shown will be from our partners
*savings provided by insurer

Best Health Insurance Plans for Family

The health and well being of our family always take a priority over our own needs. That is the reason; most of us prefer to buy a family floater instead of individual covers. Getting a family floater saves you substantial money. Suppose there's a family of four, comprising of two adults and two children.

The premium paid if all the four members are covered under one family health plan stands much lower compared to when four separate policies are bought. There are other pros to family floaters apart from the cost factor. In a family floater, the immediate family members such as newlywed spouse and newborns can be covered without hassles just by informing the insurer.


The only glitch with a family floater is that the cover is fixed and if it is exhausted on the treatment of one member during the policy term, any other member would not be able to avail further benefits from the plan, till the end of the term. Only when the policy is renewed, the sum assured is reinstated afresh.

Top Health Insurance Plans for Family 2020:

Here are the best health insurance plans for family, for getting yourself and your family protected from any financial contingencies.

S. No.


Product Name

Entry-Exit Age Cap

Sum Assured Limit


Religare Health Insurance

Care Plan

For kids: 91 days – No upper limit

For Adults: 18 years – No upper limit

2 Lakh – 60 Lakh


Max Bupa Health Insurance

Health Companion

No lower limit – No upper limit

2 Lakh – 50 Lakh


Star Health Insurance

Family Health Optima

5 months – 65 years

1 Lakh– 15 Lakh


The Oriental Insurance

Happy Family Floater

3 months – No upper limit

1 Lakh – 5 Lakh (Silver)

6 Lakh– 10 Lakh (Gold)


Tata AIG Health Insurance

Wellsurance Family

6 months – 65 years

2 Lakh – 4 Lakh

Disclaimer: The ranking of the insurance companies in this content is not in any particular order. The list is not complied as per the IRDA ranking.

1. Religare Care Plan:

Religare Care Plan for family allows a recharge benefit equivalent to 100 percent of the sum insured. It is a comprehensive health insurance policy, which pays for all the medical expenses incurred by you due to any illness, accident or injury.


Hospitalization expenses, daily allowance, vaccination cover, ambulance expenses, pre-hospitalisation and post-hospitalisation medical expenses, annual health check-ups, no claims bonus, etc.

  • Alternative Treatments
  • Maternity Cover
  • Global Coverage
  • Domiciliary Hospitalisation
  • Care Anywhere
  • Personal Accident
  • OPD Care


  • Cashless treatment at more than 4100 network hospitals
  • Wide range of options for Sum Insured
  • The plan has a feature of reducing PED Wait period
  • Feature to avail discounts in Premium by selecting Longer Tenure options


  • Exclusions: Within 30 days of the commencement of the policy, any diagnosis of illness, undergoing surgery, and occurrences of events, symptoms of which appear first. Use, abuse, or misuse of alcohol or drug, HIV treatment arising out of traceable childbirth and pregnancy, congenital diseases, IVF, fertility treatment, and hospitalisation due to war, strike, riot or nuclear weapons.

2. Max Bupa Heartbeat:

Max Bupa Heartbeat is a family oriented health insurance plan. This plan extinguishes itself with unique features such as inbuilt maternity and newborn benefits, no lower or upper cap on the entry age, and so forth. It is offered in three variants, silver, gold and platinum.


In-patient hospitalization expenses covered including surgical operations, nursing care, doctor’s fees, operation theatre charges, ICU charges, pathology, x-rays, diagnostic tests, prosthetic implants, etc.

  • Pre & post hospitalization expenses covered
  • All day care procedures covered
  • Organ donors expenses covered
  • Domiciliary treatment
  • Emergency ambulance expenses


  • Lifelong renewability
  • Maternity benefit (up to 2 deliveries)
  • Childcare benefit
  • Automatically covers a newborn
  • Outpatient benefits (for the platinum plan)
  • Increased sum insured on every claim free year
  • Covers up to 13 relationships under one single policy
  • Free health check-up every second year
  • No claim-based extra loading
  • 24x7 health advice helpline
  • Relationship manager assigned for claim facilitation (for gold and platinum plan)
  • Consultation and diagnostic tests (for gold and platinum plan)
  • No TPA. Fast and direct claim settlement


  • Waiting periods - 90 days initial waiting period, before which no coverage is given (except in case of an accident or emergency). 4 years waiting period for pre-existing diseases. 2 years waiting period for specific diseases like cataract, hernia, renal stones etc.
  • Exclusions - Addictive conditions and disorders, circumcision, dental/oral treatment, congenital conditions, convalescence and rehabilitation, cosmetic surgery, nature cure, HIV, AIDS, non-allopathic treatment, psychiatric and psychosomatic conditions, out-patient treatment, self-inflicted injuries, treatments received outside India.
  • 20% co-payment of the claim amount

3. Star Health Family Optima:

Star Health Insurance is really the star of the health insurance sector especially when it comes to serving a niche to the hilt. Family Optima is a smart family floater with great features and benefits.


In-patient hospitalisation expenses including room rent, nursing charge, boarding charge, fees of the surgeon, anaesthetist, medical practitioner, cost of drugs and medicines

  • Pre and post hospitalization expenses
  • Ambulance charges


  • Automatic restoration of the basic sum insured (as soon as the cover is exhausted)
  • Bonus on the basic sum assured for every claim free year
  • No medical tests below 50 years of age
  • No TPA involved. Direct in-house claim settlement
  • 24x7 toll-free helpline
  • Cashless hospitalisation at +5400 network hospitals
  • Free telephonic medical consultation


  • Waiting period – 4 years for pre-existing conditions. 30 days initial waiting period, before which no coverage is given. 2 years waiting period for specific diseases like cataract, knee replacement surgery and so forth. 1 year waiting period for specific diseases like a hernia, renal stones, etcetera
  • Exclusions - Non-allopathic treatment, expenses on purely diagnostic tests without any positive sign of a disease, war and nuclear perils, circumcision, congenital diseases.
  • 24 hrs hospitalisation limits are not applicable for 101 listed day care procedures

4. Oriental Insurance Happy Family Floater:

Happy Family Floater comes with such coverage and benefits that getting covered under this plan really is a reason for any family to be happy. It comes in two variants, silver and gold.


Hospitalisation expenses for the covered diseases/accident including room, boarding and nursing expenses, ICU expenses, fees of the surgeon, anaesthetist, medical practitioner, consultants, specialists fees, costs incurred on anesthesiology, blood, oxygen, pacemaker, artificial limbs, etcetera

  • Ambulance service charges
  • Domiciliary hospitalisation
  • Optional personal accident cover
  • Inbuilt cover - daily cash allowance and attendant allowance (Gold plan)
  • Add-on cover - life hardship survival benefit (Gold plan)


  • No medical examination for a person’s up to the age of 60 years.
  • Discount in OMP (Overseas Mediclaim Policy) premium when family floater policy is take
  • Discount in premium if TPA services not opted
  • Flexible sum assured
  • 5% discount on premium on every claim free year (up to a maximum of 20%)


  • Waiting period - 4 years for pre-existing conditions
  • Regular exclusions
  • 5% loading charge on renewal
  • 10% compulsory co-pay (Silver plan)

5. Tata AIG Wellsurance Family:

Wellsurance Family is not a family floater plan. It is a family coverage plan. The difference between the two is that a family floater plan covers a family under a single sum assured while a family coverage plan covers each family member under independent sum assured. It comes in three variants, classic, supreme and elite.


  • Hospitalisation expenses
  • Post-hospitalization expenses
  • Covers 11 critical illnesses
  • Ambulance charges


  • Daily cash benefit
  • ICU benefit
  • Children’s education benefit (in case of death/disability of the policyholder)
  • Convalescence benefit
  • Cashless claim settlement across a 3000+ network of hospitals in India
  • Free telephonic consultation with expert physicians
  • Discounts at selected skin care and fitness centres
  • Discounts on health check-up at network hospitals
  • Double claim benefit – A claim can be filed even if the claim has already been filed under any other health insurance policy


  • Waiting periods – 4 years for a pre-existing condition. 90 days for critical illness benefit. A general waiting period of 90 days before which no coverage is given.
  • Exclusions - Self-inflicted injury, HIV/AIDS, war, pregnancy and all related conditions, alcohol/drug abuse, Ayurvedic, homoeopathy or naturopathy treatments, etc.
You May Also Like
  • Mediclaim Policy for Family

    Family Mediclaim policy, also known as family health insurance, is something that has become a necessity these days. The unrelenting increase in medical expenses has made it imperative to buy such a policy. Presume, you ...

    read more
  • How to Get Health Cover for Your New Born Baby?

    Why Buy Policy For New Born Baby? A new child coming into a family changes the environment totally. Along with bringing joy they also add more responsibility to the family. Health insurance is therefore critical to meet...

    read more
  • Family Floater Plans – A Quick Overview

    A family floater is a health insurance plan that extends the coverage to the entire family rather than just an individual. Simply put, a floater brings all the members of the family under an umbrella cover. Being covered...

    read more
  • Individual Health Insurance Vs Family Floater Plan

    Nowadays, people are more health-conscious and concerned about their well-being. There is definitely more awareness on healthcare expenses and also about health/Mediclaim policies that help in mitigating the risk of such...

    read more
  • Family Health Insurance vs Family Floater Plan: What to Buy?

    Your family’s wellbeing must be the primary concern for you. The breadwinner of the family does everything to fulfill their family’s needs and keep them safe. You run day and night behind your job just to keep all yo...

    read more


Sign up for newsletter

Sign up our newsletter and get email about health plans.