Categorized | Health Insurance

why do you need family health insurance?

Health insurance is an important aspect that can be ignored only at one’s own peril. Health Insurance benefits are designed to cater not just to an individual, but to solve problems that come to afflict the entire family when health becomes a matter of concern. And that precisely is why you need family health insurance, where health insurance benefits are not confined to just one member of the family, but to the entire family. Here is why you need a family health insurance policy.

•Wider cover for health insurance claim: The first of health insurance benefits that apply to family health insurance is the wide scope of Coverage that you could enjoy. The best that you could hope for when you buy health insurance is coverage for you or for the individual Insured alone. With medical health insurance that is designed for the family, you could be peaceful at the comfort that you have covered the risks for each of your family members.

•More value for Premium paid: The very basics of customer service and delight require that businesses excel in delivering their products and services. And the only way that organizations can sway customers in their favour is by delivering real value. That is what family health insurance is all about. When you go for medical health insurance that takes care of your entire family, you would be able to get the most out of your health insurance Policy by getting complete coverage for the premium paid.

•Single plan for the entire family: Health insurance benefits are made available for everyone when you go for family health insurance. Moreover, there is also a factor of convenience when you have the luxury of using a single plan for the entire family – it makes much sense to use one plan that provides health insurance coverage for all the family members, than go for an individual health insurance policy for each member. 

•Major medical and Hospitalization expenses covered: One of the primary health insurance benefits is the kind of facilities that people are entitled to – there is coverage for major medical expenses and for hospitalisation as may be specified in the health insurance policy. And similar benefits apply to family health insurance as well – you would have to check with your health insurance provider to see how you could make the best use of health insurance benefits.

•Range of additional benefits: Medical health insurance meant for the family provides not just the required coverage but also comes with a range of additional benefits. Cashless Claim facility is equally applicable to family health insurance, as it does to the individual health insurance policy. Similarly, there are adequate avenues for tax savings making use of the provisions of Section 80D of the Income Tax Act – after all, what is health insurance without the accompanying tax benefits?

•Ease of purchase: Health insurance claim comes along with the added incentive to purchase health insurance policy, which is ease of purchase. In this day and age of online health insurance, it doesn’t get any easier than just a click or two of the mouse to get one of the most valuable assets that you could fetch for your family. Health insurance is the need of the hour.