Family Health Insurance
- 1
- 2
- 3
Family health insurance is crucial for protecting your loved ones' well-being, as it covers unexpected medical costs and provides access to quality healthcare.
With dynamic lifestyles and increasing health risks, a good family health insurance plan is essential, that helps you cover expenses for parents, spouse, and children all through a single policy, ensuring not only financial security but also peace of mind.
Highlights of Health Insurance
Plans for Family
Most Popular Family Health Insurance Plans
Stay active and get up to 30% of your premium as HealthReturnsTM
For guidance on medical, nutritional, fitness, mental counselling session, homeopathy teleconsultation
Pays for medically necessary expenses incurred towards Assisted Reproductive Treatment, where indicated for sub-fertility
Offers unlimited e-consultations with qualified General Physicians at our network during the Policy Year through any mode of communication
5x Unutilised Base Sum Insured carries forward to the next policy year, maximum up to 5 times of Base Sum Insured
Offers unlimited e-consultations with qualified General Physicians at our network during the Policy Year through any mode of communication
Stay active and get up to 30% of your premium as HealthReturnsTM
For guidance on medical, nutritional, fitness, mental counselling session, homeopathy teleconsultation
Pays for medically necessary expenses incurred towards Assisted Reproductive Treatment, where indicated for sub-fertility
Offers unlimited e-consultations with qualified General Physicians at our network during the Policy Year through any mode of communication
5x Unutilised Base Sum Insured carries forward to the next policy year, maximum up to 5 times of Base Sum Insured
Offers unlimited e-consultations with qualified General Physicians at our network during the Policy Year through any mode of communication
Stay active and get up to 30% of your premium as HealthReturnsTM
For guidance on medical, nutritional, fitness, mental counselling session, homeopathy teleconsultation
Pays for medically necessary expenses incurred towards Assisted Reproductive Treatment, where indicated for sub-fertility
Offers unlimited e-consultations with qualified General Physicians at our network during the Policy Year through any mode of communication
5x Unutilised Base Sum Insured carries forward to the next policy year, maximum up to 5 times of Base Sum Insured
Offers unlimited e-consultations with qualified General Physicians at our network during the Policy Year through any mode of communication
Sahi Advice,
Sahi Insurance
If you have any questions related to how to choose the best insurance company, you can connect with our IRDAI certified insurance advisors.
Paybima is the digital arm of Mahindra Insurance Brokers Ltd
Experience
Strong Team
Advisors
Health Insurance Plans for Family
Everything You Need To Know
Key Benefits of Health Insurance Plans for Family
Other Key Features of Health Insurance Plans for Family
How to Select the Best Health Insurance Plans for Family
Factors Affecting Premium for Health Insurance Plans for Family
How to Buy Health Insurance Plans for Family on Mahindra Paybima
How to Compare Health Insurance Plans for Family – Factors
Benefits of Buying and Comparing Health Insurance Plans for Family
Key Benefits of Health Insurance Plans for Family
In addition to medical expense coverage, a health insurance policy can help you and your family in many other ways. Here are some key benefits:
One premium covers your entire family.
Cashless treatment in a network hospital.
You may add new members to your plan, based on the policy’s terms and conditions.
On the premium of your plan under section 80D of the Income Tax Act.
Coverage for family members and parents under the same plan at one affordable premium.
Available on premiums for adding more members.
At Paybima, buying an insurance plan is easy and you can opt for an advisor’s help anytime.
Easy-to-follow Steps
Plans for Free
Advisors Anytime
No Force Selling
Other Key Features of Health Insurance Plans for Family
Access this option at network hospitals for emergencies and non-emergencies.
Some plans include maternity benefits covering delivery, C-section, missed abortion, and related expenses.
Some plans provide coverage for fertility treatments.
Add-on options include accident cover, with premium waivers for permanent or temporary disability caused by accidents.
Some plans provide allowances for critical illnesses upon initial diagnosis.
Health Insurance Policy for Coronavirus (COVID-19)
When you buy Senior Citizen health insurance, it may also cover the costs incurred in the treatment of Covid-19 if the insured person is diagnosed positive for the virus. The plan will cover your hospitalisation expenses if you are admitted because of coronavirus.
Health Insurance Plans for Family – Inclusions
What is covered under health insurance plans for family
Covers hospital stays of 24 hours or longer, including room, doctor, boarding, nursing, and more for all insured members.
Plans that cover treatments and procedures under 24 hours.
Plans that cover patient transportation up to a specified limit.
Plans that cover diagnosis, care, therapy and much more.
Plans that cover childbirth and postnatal care for mother and baby.
Plans that cover organ transplant and donation expenses.
Plans that cover other treatments such as Unani, Homoeopathy, or Ayurveda.
Plans that cover doctor-prescribed home treatment when medical facilities are limited during emergencies or epidemics.
Plans that cover daily incidental hospital expenses.
Plans that cover mental illnesses like depression, anxiety, and schizophrenia.
Need a Policy with Maternity Cover?
Some health insurance plans for family give maternity coverage, including expenses for delivery, c-section and more.
View PlansHealth Insurance Plans for Family – Exclusions
What is not covered under health insurance plans for family
Plans that don’t include treatment for drug/alcohol or any other intoxicant abuse.
Plans that do not cover costs for cosmetic procedures.
Plans that do not cover treatment costs for HIV/AIDS.
Plans that do not cover outpatient department costs and regular health check-ups.
Most plans do not cover expenses incurred on buying life support machines.
Plans that do not cover expenses incurred outside India.
Most plans do not cover injuries caused due to willful involvement in criminal activities.
Plans that cover existing medical conditions only after waiting period completion.
How to Select the Best Health Insurance Plan for Family
Choosing the best health insurance plan for family is an important decision on which the welfare of your family depends. With the rising cost of medical expenses, the best health insurance for family will ease your mind about any future health conditions.
Here are a few factors you need to consider before selecting the best health insurance policy for your family.
Ensure the family health insurance covers a wide range of medical conditions.
Choose a plan that offers maximum protection and benefits.
Select a plan that fits your budget; add-ons can be added later if needed.
Look for plans with lifetime renewability or renewal until a specific age, like 60-65 years.
Check the insurer's network of hospitals for cashless treatment.
Verify the insurer's claim settlement ratio, indicating how many claims they settle compared to total claims received.
Confirm the coverage amount; consider options like sum insured enhancement with no-claim bonus benefits.
Check waiting periods for pre-existing conditions, especially if immediate treatment may be needed.
Explore available add-on benefits before choosing a plan.
Understand disease-specific or room-rent sub-limits in the policy.
Pre-screening is usually optional, but some insurers may require a test.
Factors Affecting Premium for Health Insurance Plans for Family
When an insurance provider calculates their premium, many factors are taken into consideration, including family size, age, pre-existing diseases, location, and more.
Premium increases based on the number of dependents.
Healthy individuals pay less than those with health issues.
Long-term policies have lower premiums.
Annual payments often get discounts as compared to monthly payments.
Smoking, drinking, and chewing tobacco can raise premiums.
Premiums vary based on the geographic location – metro, tier 1 or 2 or climate, and other medical and healthcare facilities.
Premiums are higher for members with higher BMI due to increased complications risk.
How to Buy Health Insurance Plans for Family on Mahindra Paybima
Buying a health insurance plan for family is very simple. You can follow these steps to buy a health insurance policy online at Paybima.
Provide personal and health information to begin the policy procedure.
Analyse the plans, compare quotes, features, network hospitals, waiting period and other details.
After shortlisting 2-3 policies as per your requirements, review them together by clicking the ‘compare product’ box.
Select the appropriate riders or add-ons for extra cover.
Enter required details for e-KYC.
Pay online using credit/debit cards, UPI, wallets, or net banking.
Upload the required documents.
Post insurer’s approval, the policy is sent on the registered email id.
How To Compare Health Insurance Plans for Family – Factors
Here are some of the factors you should consider while comparing health insurance policies.
Benefits of Buying and Comparing Health Insurance Plans for Family
It is important to compare the best health insurance plans in India for your family, and here are some of the reasons why:
Guaranteed Claim Support
When you buy an Family health plan from us, we guide at every step till your claim is settled.
Start your claim process with us to get our support
Do You Have any Insurance Related Concerns?
Our IRDAI Certified insurance advisor is a click away.
Get in Touch with an AdvisorBuy from India’s Top Insurers
Buy from India’s Top Insurers
Ask Anything as We Have Answers to Everything in Insurance
We recommend coverage of ₹10 lakhs per insured member, which means coverage of ₹40 lakhs for a family of four. However, with a slightly extra amount, one can go for ₹1 crore coverage, which gives complete peace of mind.
In a single policy, a maximum of 2 adults and 4 children can be added. For any more members, another policy is needed.
Yes, almost all insurers allow adding a spouse in case of marriage or a child born during the policy period.
Yes, a a child can be added to the policy. Few insurers allow child addition from Day 1 of the birth, while others allow addition after 90 days of birth.
Yes, all the above can be included in one health insurance policy. In-laws can also be included in place of parents. However, considering the age of parents and their pre-existing health conditions, they should take one policy for them and a separate one for themselves, spouse, and children to get the best premium options.
