Health is indeed very crucial aspect for an individual. Keeping good health leads our path to success and helps us to live tension free life. But road to glory as they say is not very easy. Gaining fitness and keeping good health always walk parallel and keeping good health for longer durations is very difficult as life is uncertain and unpredictable. Health insurance helps us to mitigate this uncertainty up to some extent but not fully.
Health insurance can be bought in form of individual health insurance and family health plans. The basic difference between individual health insurance and family health plans is the coverage provided. Individual health plans covers only one individual while family health insurance policy covers entire family including parents and in laws under one umbrella policy. Below are some of the reasons for why family health plans must be opted over individual health plans:
|You may also like to Read: What is Section 80C?|
|You may also like to Read: Section 80D of Income Tax Act AY 2016-17|
The other advantage an individual can derive from a family health insurance plan is that in occurrence, one of the family member gets sick and has to be hospitalised, the full sum insured of the policy can be used by the un-well member of the family for treatment.
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
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 substantia...read more
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
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
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