Top Family Health Insurance Policies in India 2023

11. Liberty Secure Health Connect Family Insurance Plan

Incurred Claim Ratio (2018-19): 82%

• Min Entry age: Children- 91 days; Adults- 18 years
• Max Entry age: Children- 25 years; Adults- 65 years
• Number of members covered: up to 4 members
• Minimum and the maximum sum assured: Secure Basic: 3, 4, 5 lakhs, Secure Elite: 2, 3, 4, 5, 6, 7.5, 10 lakhs, Secure Supreme: 3, 4, 5, 6, 7.5, 10 lakhs, and Secure Complete: 2, 3, 4, 5, 6, 7.5, 10, 15 lakhs.
• Waiting period for pre-existing medical conditions: 48 months

Health Connect family plan covers up to a maximum of 4 members in a family for in-patient treatment, as well as pre and post treatment expenses. The plan also pays for domiciliary treatment if required, provides daily hospital cash allowance, organ donor expenses, and second medical opinion expenses. There are various additional and renewal features that can be considered to further enhance the policy coverage benefits.          

12. Niva Bupa (Formerly known as Max Bupa) Health Companion Insurance Plan

Incurred Claim Ratio (2018-19): 54%

• Min Entry age: 3 years; Adults- 18
• Max Entry age: N.A. (No max entry age); Lifelong renewability
• Minimum and the maximum sum assured: Rs. 3 lakhs to Rs. 1 Crore
• Max. Number of members covered: 6 (4 adults+2 children)
• Waiting period for pre-existing medical conditions: 48 months
• Waiting period for policy-specified diseases: 24 months- 36 months

Auto-refill of the sum assured is available in case the basic sum assured is exhausted. With a premium that does not burn a hole in your wallet, this policy offers higher daily cash benefit. Also, as NCB, for 5 consecutive no-claim years, the basic sum assured will be increased by 100%.

13. Manipal Cigna Family Floater - ProHealth Protect Plan

Incurred Claim Ratio (2018-19): 62%

• Min Entry age: 18 years for adults and 91 days for children
• Max Entry age: 23 years dependent children and for adults no age limit
• Number of members covered: Self, spouse, children, and dependent parents
• Minimum and the maximum sum assured: Rs. 2.5 lakhs- Rs. 50 lakhs
• Waiting period for pre-existing medical conditions: 48 months

You can buy this plan to ensure health cover for your family with a wide range of sum assured. It coves pre, post, and in-patient hospitalization expenses. It also offers cumulative bonus up to 200% of the sum assured amount. In addition to this the plan also covers the cost of diagnostic procedures, contact lenses, medical aids, etc. under health maintenance benefit. It also covers alternative treatment expenses like Ayurveda, Siddha, Unani, and homeopathy.

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

14. National Parivar Mediclaim Policy

Incurred Claim Ratio (2018-19): 107.64%

• Min Entry age: Children- 3 months; Adults- 18 years
• Max Entry age: Children- 25 years; Adults- 65 years
• Number of members covered: Self, spouse and two dependent children
• Minimum and the maximum sum assured: Rs. 50,000- Rs. 5 lakhs
• Waiting period for pre-existing medical conditions: 48 months

The National Health Insurance covers for the expenses of people wishing to donate their organs. In any case you have any complication when donating your organ; the insurance cover pays for all our expenses. On the other hand, it also provides for anti-rabies vaccine to children under the age of 5 years for an amount of up to Rs 5000. In addition, when day care that does not exceed 24 hours is needed, National Health Insurance will cater for all your treatment.

It also offers a cover for ambulance expenses for around Rs. 1000 for each illness. On top of that, the National Health Insurance also offers a discount of 5% per year for all premium subscribers. Another important element of this cover is that, it offers a good health incentive check-up benefit can be freely accessed. Maternity expenses are also covered under this plan.

15. New India Assurance Mediclaim Policy

Incurred Claim Ratio (2018-19): 103.74%

• Min Entry age: Children- 3 months; Adults- 18 years
• Max Entry age: Children- 25 years; Adults- 60 years
• Number of members covered: Can include 1-6 members (proposer, spouse, parents and children)
• Minimum and the maximum sum assured: 1-15 lakhs
• Waiting period for pre-existing conditions: 48 months

This plan provides reimbursement on hospitalization expenses incurred on self and other family members. People who are purchasing insurance above Rs 5 lakhs are eligible to buy maternity cover as well. Charges for Medicines, Oxygen, X-rays, Anaesthesia, Radio/Chemotherapy, Medicines, Surgical Equipment’s, Prosthetic limbs and devices, and other similar expenses arising out of the medical treatment are paid for. You also get coverage up to 25% of sum assured for Homeopathic, Ayurveda and Unani treatment (only in government hospitals). It also offers an additional cover for cataract, and voluntary co-pay option.

16. Oriental Health Family Floater Health Insurance Policy

Incurred Claim Ratio (2018-19): 108.80%

• Min Entry age: Children-3 months; Adults- 18
• Max Entry age: N.A. Children-25 years; Adult- 55 years
• Minimum and the maximum sum assured: Rs. 1 lakh to Rs. 10 lakhs
• Max. Number of members covered: 8 (6 adults+2 children)
• Waiting period for pre-existing medical conditions: 48 months

Oriental Health Insurance Family Floater plan is available in two variants- gold and silver.  The policy provides coverage to the insured and his/her immediate family members. The insured can avail tax benefits under section 80D of Income Tax Act. The plan also provides no claim bonus of 5% for every claim free year up to maximum of 20%.

*Tax benefit is subject to changes in tax laws

17. Raheja Health QuBE Comprehensive Insurance Plan

Incurred Claim Ratio (2018-19): 33%

• Min Entry age: Children- 90 days; Adults- 18 years
• Max Entry age: Children- 17 years; Adults- 65 years
• Number of members covered: Parents and Children
• Minimum and the maximum sum assured: Rs. 1 lakh to Rs. 50 lakhs
• Waiting period for pre-existing conditions: 48 months

In this comprehensive health insurance plan in-patient hospitalization, pre and post hospitalization expenses are covered. Along with this domiciliary hospitalization expenses are also covered. 140-day care procedures requiring less than 24 hours of hospitalization are also recompensed. And the limit of hospitalization charges is up to Rs. 1500.

18. Royal Sundaram Lifeline Health Insurance Plan

Incurred Claim Ratio (2018-19): 61%

• Min Entry age: Children- 91 days; Adults- 18 years
• Max Entry age: Children- 25 years
• Number of members covered: Self, spouse, children, and dependent parents
• Minimum and the maximum sum assured: Classic: 2,3,4 lakhs, Supreme:5, 10, 15, 20, & 50 lakhs, and Elite: 25, 30, 50, 100, & 150 lakhs
• Waiting period for pre-existing conditions: 24 months

This is an individual plan as well as family floater plan for joint families in India – providing health cover to you, your children and spouse. Because a healthy family is a happy family! Lifeline health insurance policy comes in three variants: Classic, Supreme, and Elite. It covers pre and post hospitalization expenses that ranges from 30 and 60 days in the classic health plan, 60 and 190 days in Supreme plan and 90 and 180 days in the elite variant.  11 major critical illnesses are covered in this plan. Medical expenses for day-care procedures like chemotherapy, radiotherapy required as a part of the treatment (excludes OPD expenses). Ayush treatment, vaccination for animal bite, and preventive healthcare benefits are offered as well. 

19. Reliance Health Gain Insurance Plan

Incurred Claim Ratio (2018-19): 14%

• Min Entry age: 5 year and above, children 91 days- 5 years, at least one of the insured members to be 21 years and above
• Exit Age- there is no exit age
• Number of members covered: up to 2 adults and 4 children
• Minimum and the maximum sum assured: Rs. lakh to Rs. lakhs
• Waiting period for pre-existing conditions: 36 months

In this comprehensive health insurance plan in-patient hospitalization, pre and post hospitalization expenses are covered. Along with this domiciliary hospitalization expenses are also covered. 171-day care procedures requiring less than 24 hours of hospitalization are also recompensed. And the limit of hospitalization charges is up to Rs. 1500. It also offers doctor on call and wellness services to the insured members. Moreover, the plan also extends 5% discount on premium for single women and a girl child. And 5%-10% of family discount is also offered on purchase of this medical plan.

20. Star Family Health Optima Health Insurance Plan

Incurred Claim Ratio (2018-19): 63%

• Minimum entry age: 16 days; Adults- 18 years
• Maximum entry age: 65 years; lifelong renewability
• Minimum and the maximum sum assured: Rs. 2 lakhs to Rs. 15 lakhs
• Max. Number of members covered: 5
• Waiting period for pre-existing medical conditions: 48 months
• Waiting period for policy-specified diseases: 24 months

The expense cover expands to ambulance expenses, hospital charges, in-house treatments etc. Also, if the sum assured is exhausted, it will be automatically restored. 3 auto-restorations can be availed in one policy period. This insurance provider has tie-ups with more than 6000 hospital networks. Hence, the pay-outs are quicker. They have an option of maintaining records online as well.

21. SBI Arogya Premier Policy

Incurred Claim Ratio (2018-19): 52%

• Min Entry age: Children- 3 months; Adults- 18 years
• Max Entry age: Children- 23 years; Adults- 65 years
• Number of members covered: Self, spouse and dependent children
• Minimum and the maximum sum assured: Rs. 10 lakhs to Rs. 30 lakhs
• Waiting period for pre-existing conditions: 48 months

In this family floater health insurance medical check-up is not required up to the age of 55 years. Pre and post hospitalization expenses for 60 days and 90 days are covered respectively. 142-day care procedures requiring less than 24 hours of hospitalization are also recompensed. Any alternative treatment expenses are also covered in an accredited hospital.

22. Tata AIG Medicare Health Insurance Plan

Incurred Claim Ratio (2018-19): 78%

• Min and Maximum Entry age: 91 days to 65 years
• Number of members covered: up to 7 family members (self, spouse, dependent children and parents)
• Minimum and the maximum sum assured: Rs. 3 lakhs to Rs. 10 lakhs
• Waiting period for pre-existing conditions: 36 months

You can consider buying this health insurance plan to secure yourself and your family members and make available the best treatment without worrying about the cost of treatment. The cost of in-patient treatment, day care procedures, vaccination charges, domiciliary treatment, Ayush hospitalization, hearing aid, compassionate travel is included. In this Mediclaim policy bariatric surgeries are also paid for along with global health coverage. Nevertheless, you can also opt for accidental death benefit rider. 

23. United India Family Medicare Policy

Incurred Claim Ratio (2018-19): 110.95%

• Min Entry age: 18 years
• Max Entry age: 80 years
• Number of members covered: Self, spouse, and dependent children
• Minimum and the maximum sum assured: 1 lakh- 10 lakhs
• Waiting period: 24 months

This is a family floater policy in which you can get yourself covered along with your dependent children and spouse. In this plan children from the age of 3 months can be insured. The insurer will pay for 30 days pre-hospitalization and 60 days post hospitalization expenses. 15% of sum insured is paid for treatment of hernia, 10% for cataract, 20% for Hysterectomy and 70% for major surgeries. Expenses on Ayush Treatment are also covered.

24. Universal Sompo Complete Health Insurance Plan

Incurred Claim Ratio (2018-19): 92%

• Min Entry age: Children- 10 years; Adults- 18 years
• Max Entry age: Children- 25 years; Adults- 70 years
• Number of members covered: Self, Spouse, and dependent children
• Minimum and the maximum sum assured: Rs. 1 lakh to Rs. 10 lakhs
• Waiting period for pre-existing conditions: 26 months

It is a comprehensive health insurance plan by Universal Sompo that comes in three variants: Basic, Essential, and Privilege. It covers most of your medical expenses and comes with lifetime renewal option. It also recompenses most of the in-patient, pre and post-hospitalization expenses. Home treatments can also be compensated by the insurance provider. The best part is that it covers accidental dental treatments, organ donor expenses, maternity expenses, including newborn baby expenses. The plan can be further enhanced for personal accident insurance, critical illness insurance, daily hospital cash and similar upgradations.

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