This Time Gift a Health Insurance on International Families Day

Today is International Families Day- A day to celebrate the importance of family, which is not just limited to parents and siblings, but also includes uncles, cousins, in-laws and grandparents.

Read More

Policybazaar exclusive benefits
  • 30 minutes claim support*
  • 50,000 claims approved in last 15 months*
  • Schedule home visit with our advisors
  • Get a plan based on your medical needs

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

*Tax benefit is subject to changes in tax laws. Standard T&C Apply

Back
All health plans cover Covid-19 treatment
  • 1
  • 2
  • 3
  • 4

Who would you like to insure?

  • Previous step
    Continue
    By clicking on “CONTINUE”, you agree to our Privacy Policy and Terms of use
    Previous step
    Continue

      Popular Cities

      Previous step
      Continue
      Previous step
      Continue

      Do you have an existing illness or medical history?

      This helps us find plans that cover your condition and avoid claim rejection

      Get updates on WhatsApp

      What is your existing illness?

      Select all that apply

      Previous step

      When did you recover from Covid-19?

      Some plans are available only after a certain time

      Previous step

      This time, don’t waste money on bouquets and cakes, gift them something substantial. Say THANK YOU to the entire family by covering them under an extended family health insurance plan that shields them against vulnerable diseases.

        After all, it’s all about loving your family!

      What is Extended Family Floater?

      Unlike traditional family floaters, the extended policy covers up to 15 close relationships, including in-laws, grandchildren, daughter-in-law and widowed/divorced daughter.

       

      The plan is a blend of individual and family floater. An individual plan covers a person under a single sum insured, while in the family floater, the sum insured floats on the entire family.

      How does it Work?

      The separate sum insured for the individual as well as floater cover has to be set. For individual and family cover, it varies between Rs 1-5 Lakh & Rs 3-15 Lakh respectively. At the time of hospitalization, the policy will first use the individual cover and will dip into family floater only after the exhaustion of the individual plan. If the proposer dies during the policy term, the insurer will ask for a new proposer who is carefully reassessed before renewing the policy under his name.

      Buying health insurance for extended family entitles you to get Rs 25,000 tax deductions and if there is a senior citizen then the limit could rise to Rs 30,000. It means that the total tax deduction would be Rs 55,000.

      You may also like to Read: Section 80D

      Key Features of Extended Family Insurance-

      • Policy tenure may vary between 1- 3 years
      • Maternity coverage after 2 years of continuous policy renewal
      • Cost effective as compared to buying an individual policy for each member
      • Coverage to critical ailments like cancer, stroke, etc.
      • Restoration benefit where the cover is replenished if a claim is being made by a family member
      • Coverage to Day Care treatment
      • Additional rider options available like Health Critical Illness rider, etc
      • Newborn coverage from Day 1
      • Personal Accident cover

      Disclaimer : *Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

      Buy the one that suits your needs the .

      After all, as Mahatma Gandhi said,

      “It is health that is real wealth and not pieces of gold and silver.”

      So take care of yourself and the health of your loved ones!

      You may also like to Read: Deduction under Section 80C

       

      Search
      Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

      Health insurance articles

      Recent Articles
      Popular Articles
      Monkeypox: Dos and Don’ts of the Disease That You Should Know

      15 Sep 2022

      Monkeypox has slowly and steadily spread to more than 85 countries...
      Read more
      Why is It Important to Disclose Pre-existing Diseases to Your Insurer?

      06 Sep 2022

      As we grow old, the chances of developing a disease or a medical...
      Read more
      Benefits of Multi-Year Health Insurance Plans

      25 Aug 2022

      Ever since COVID-19 entered our lives, health insurance has come...
      Read more
      Does Health Insurance Cover Monkeypox?

      25 Jul 2022

      Monkeypox is the latest disease to make its way to India while we...
      Read more
      List of Diseases Covered by Bajaj Allianz Health Insurance Plans

      05 Jul 2022

      Barely any person has remained unaffected due to rising health...
      Read more
      PMJAY Scheme: Ayushman Bharat Yojana Eligibility & Registration Online
      Prime Minister Shri Narendra Modi announced the launch of (PMJAY) Ayushman Bharat Yojana in his Independence...
      Read more
      Best Health Insurance Plans in India 2022
      Finding the best health insurance plan from so many different health insurance companies can get confusing for many...
      Read more
      How to Apply for Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY)?
      Ayushman Bharat Yojana is a flagship health insurance scheme launched by the Government of India to offer universal...
      Read more
      Best Maternity Insurance Plans
      Maternity insurance offers comprehensive coverage for medical expenses incurred during pregnancy, including the cost...
      Read more
      Best Health Insurance Plans for Senior Citizens in 2022
      Senior citizens are the most prone to diseases. Considering the medical inflation in India, buying health insurance...
      Read more

      top
      Close
      Download the Policybazaar app
      to manage all your insurance needs.
      INSTALL