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The health insurance industry has seen significant growth in India. Many companies are pioneering in the insurance sector. They offer a wide range of products in health insurance, comprehensive coverage and various benefits to an individual and family. Bajaj Finance Limited is one of India's best health insurance companies that has partnered with various insurance providers to provide a comprehensive range of health insurance policies in India. It provides coverage against a wide range of illnesses, including COVID19, health cover up to Rs. 50 lakh and cover for medical expenses.  Here are some benefits that some leading insurance companies provide to individuals and families. 1. Wide range of Health Insurance Policies Many leading companies offer a wide range of health insurance policies for catering to the varied needs such as Individual Health Insurance Policy, Family Floater Plan, Child Insurance Plan, Senior Citizen Insurance Plan, Group/Employee Health Insurance Plan, Critica...

With the rising medical costs and unexpected situations happening, it is very important to have the right health insurance policy for yourself as well as your family. There are multiple health insurance policies available in the market, but you need to pick the best for you after doing adequate research. Some people may find family floater health insurance quite confusing. To aid you, this article presents everything about family health insurance and the way it works. So, keep reading! What is Family health insurance? Family health insurance is an all-inclusive financial aid tool that helps in safeguarding the financial aspect and unwanted spending on medical expenditure for the whole family. By ensuring a certain amount as regular premiums, the policyholder and their family can get complete immunity from the recurring treatment and medical costs. This is called the family floater health insurance . The advantage of this plan is that one can add new members to the family health insura...

The need for insurance coverage is constantly increasing with the steady rate of medical inflation in India. With so many family health insurance plans in the market, it can be challenging for an individual to determine the correct scheme. However, here are few of the factors to determine the ideal one for yourself. 1. Low waiting period for pre-existing diseases Health insurance schemes come with a period in which you are not eligible to avail coverage for any pre-existing diseases. You should look to opt for a policy that provides low waiting period so that you can avail maximum healthcare coverage. 2. Maximum coverage amount Medical insurances have an upper cap on the amount you can claim. With the costs of healthcare increasing day by day, you should opt for a policy that offers maximum coverage to ensure the utmost protection for you and your family. family health insurance plans from reputed NBFC’s like Bajaj Finserv offer a coverage of up to Rs. 50 Lakhs. 3....

One of the first things to remember about a health insurance top up plan is that the benefits covered by it are enough for the expected treatments or not. This is easier to gauge in case there are children or the elderly in the family. Having a top up health insurance will make room for the extra expenditures. The advantage of a top up plan is that it can extend the coverage and there is no point in paying higher premiums to avail it. It is a good idea to check if the policy offers reset benefits or not as well. So in case the insurance money is exhausted in the middle of the year, one can refill the insurance as well. One should also check the deductible limit of the top up, which is the amount the insured person would have to pay at first and the insurance company will pay the rest of the amount. The plan works only when the medical expenses cross the deductible amount limit. Before availing a health insurance top up plan, it is a good idea to review the medi...

The medical inflation rate has seen an upward trend in the last couple of years. This, combined with the rising healthcare cost has changed how things used to work health insurance was a luxury earlier, today it’s a necessity. Thus, even if you don’t like the idea, find a good health insurance and subscribe to it before any unplanned medical expenses eat up all your savings. How to find the best health insurance plans?  Check the sum insured: Assess your medical needs, including the expenses related to your families like your parents, your spouse and your kids (if you have any). Add them up and find the total and make it inflation proof. To ensure the viability of your insurance plan in all circumstances, go for highest sum insured schemes. Check the network of hospitals: Before you buy health insurance in India online , look at the network of hospitals covered by the policy. This would give you an idea of how far you might have to travel to avail a cashless treatme...

Many people have few misconceptions about the health insurance plan. The truth is that insurance can be customized to suit various needs of the policyholder. Discuss with your Relationship Manager to understand more. Let’s throw light on some of the facts around health insurance. # Waiting Period Most health insurance plans have a waiting period for pre-existing diseases and even diseases which are discovered after signing up the health insurance. These periods can range from 2-5 years and differ from service providers. # Claim Process A health insurance must offer an easy claim process. Make sure your prospective Health Insurance Plan offer quick service at times when you need it the most. You may also click here to know more about Health Insurance Claim- How to claim Medical Insurance? # Family Cover Consider the age and health situations of all family members. This will help you better plan medical expenses beforehand and benefit from the pla...

Our family is the support system in our life, and to make sure the support system stays intact for decades, we must ensure their health and happiness by taking the necessary steps. As wise men say, “Investment in health is the most fruitful investment”, adequate investment towards your and your family’s health can help you build a safer future. The best way to ensure that is by investing in a fitting family health insurance scheme that provides maximum risk coverage.   Having said that, we will, however, suggest you keep your calm and take the required time before taking any major decision. Choose the health insurance scheme only after obtaining the required clarity. Observe and understand the medical cost inflation rate in the past and predict the future trend and plan accordingly. Further, there are some questions you must your insurer before signing the agreement. Know More Click Here- What is Family Health Insurance? Question 1: Do you Cover Pre Policy Medical ...