Reliance Family Health Insurance Plan
Everything is about family. Which is why you would do anything to protect them. And the best way to do that is with a family health insurance plan. Having a family health insurance policy gives your family the safety they deserve in times of a medical crisis. Check out any family health insurance plan fromReliance General Insurance to cover everyone from your spouse to your in-laws.
What is Family Health Insurance?
Family health insurance is a product designed to cover all your family members under one policy. It has a single premium amount and sum insured but will cover everyone that you want included under the plan. If you're married, have kids, or ageing parents, taking a family health insurance policy will make it easier for you to ensure their proper treatment in case of hospitalisation.
Reliance Family floater health insurance offers the following benefits:
| | Reliance Family floater Health Insurance
offers a 5% discount for single women or girl child | |
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5% Premium discount only for Reliance Private Car Package Policyholders |
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| | Immediate & extended family members can be covered under an individual mediclaim insurance policy | |
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Tax deductions
upto Rs. 60,000 under section 80D |
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Re-instatement of base sum insured, if you've exhausted the total sum insured on your medical insurance policy | |
 | | Over 9100+ network hospitals to choose from for cashless hospitalization |
4 Benefits of Buying a Family Health Insurance Plan
Buying health insurance in general is a good idea. And it becomes a better idea when you're doing it for your family.
Here are four benefits of buying a family health insurance plan:
1. Affordability
A family health insurance plan, or a mediclaim policy for family, is way more affordable than taking individual plans for each family member. With a family plan, you pay one premium amount to cover yourself, your spouse, and your children. The sum insured is shared among each family member which could mean better utilization of your coverage amount.
2. Tax breaks
Under Section 80D, you're eligible for deductions up to Rs.25,000 (Rs.50,000 in case of senior citizens). In some cases, you can avail up to Rs.1 Lakh in tax deductions through your
health insurance premium payments.
3. Including new members is easy
If at any point of time you wish to provide health coverage to a new family member you can easily do so with a family health insurance plan. Family plans are built in such a way that makes it easy to include a newborn, parents, and even in-laws. Thus, having a family health insurance policy eases the process of extending health coverage to your loved ones.
4. Additional benefits
Many health insurance plans can offer basic health coverage. But a good health insurance policy offers health coverage plus several benefits and even add-ons. A prime example of this is the reinstatement of your sum insured. In case you exhaust your coverage amount due to multiple hospital visits, you can replenish your sum insured with the restoration benefit. That means peace of mind for you even in times when more than one family member needs to be hospitalised.
Family Health Insurance Plans from Reliance General Insurance
If you're looking to secure your family with a health insurance plan you don't need to go so far. We've got a medical insurance policy or two for your family right here at Reliance General Insurance.
Take a look at the family health insurance plans we provide:
1. Reliance Health Infinity
The Reliance Health Infinity plan comes loaded with benefits plus an adequate coverage amount of up to Rs.5 Crore.
Here are some of the key features of
Reliance Health Infinity:
- Add up to 8 members (2 adults and up to 6 children).
- Choose from a sizeable sum insured ranging from Rs.5 Lakh to Rs.5 Crore to cover your entire family.
- Opt for the Unlimited Restore Benefit Add-on to restore your sum insured for any number of times in a year.
- Avail other add-on benefits like Maternity Cover, Newborn Baby Cover, OPD Cover, etc.
2. Reliance Health Gain
This accessible health insurance plan is the perfect fit for your family. Reliance Health Gain comes with three plans, Plus, Power, and Prime. The sum insured starts from Rs.5 Lakh.
Here are some of the key features of
Reliance Health Gain:
- Add up to 6 adults (self + spouse + dependant parents + in-laws) and 6 children (applicable under the Prime Plan).
- Secure 2x sum insured.
- Restore your sum insured after you've exhausted it.
- Get a cumulative bonus of 33.33% for every claim-free year.
- Choose any hospital room with no room rent limit.
3. Reliance Health Super Top Up
The Reliance Super Top Up offers a backup to your existing family health plan. This means that if you ever exhaust your existing health plan’s coverage, our Super Top Up policy will back you up. The Sum Insured goes up to Rs.1.3 Cr. with deductibles starting at Rs.2 Lakh.
Here are some of the key features of
Reliance Health Super Top:
- Add up to 8 members (2 adults + 6 children).
- Global Cover for emergency treatments abroad.
- Road Ambulance Cover.
- Maternity Cover.
- Cumulative bonus of 10% for every claim free year.
6 Reasons You Should Buy a Medical Insurance Policy for Your Family
As we mentioned right at the beginning, everything is about family. Therefore, you must seriously consider buying medical insurance for your family.
We've drummed up a list of six reasons why you should buy a medical insurance policy for your family.
1. A family health insurance plan offers protection
As much as we'd like to control our lives, we can't control the onset of illnesses or the suddenness of accidents. Thus, it's pertinent to have a plan in place to protect yourself and your family members when such things happen
Having a mediclaim policy for family will offset a lot of these worries. You don't have to worry about providing adequate health-care for your hospitalised family member nor do you have to worry about paying for the treatment. This makes the top reason for you to buy health insurance for your family.
2. It helps to deal with medical inflation
India faces one of the highest medical inflation rates in the world. Which means every year the cost for health care rises. So if you ever face the unfortunate event of an illness or accident without health insurance, you could be in deep financial trouble. But with a health insurance plan for your family, you can easily counter the rising medical costs in India.
3. Company health insurance is not enough
Depending on the company you work for, you'll have a corporate health insurance policy. However, company sponsored medical insurance may not be enough for your family. Reasons like inadequate coverage and loss of coverage if you lose your job is enough for you to consider alternative options. So getting a personal family health insurance plan is vital to ensure your family is protected.
4. Extend benefits to all family members
Health insurance plans in India come with multiple benefits. For example, the
Reliance Health Infinity insurance plan comes with basic benefits like pre and post hospitalisation, in-patient care, day care procedures, etc. plus add-ons like OPD Cover, Unlimited Restore Benefit, Consumable Cover and more. Buying this family floater plan with the related add-ons would mean extending these benefits to all your family members.
5. Maternity and newborn cover
Speaking of add-ons and benefits, a good health insurance plan will even help with your family planning. In case you're planning for a child, having a Maternity Cover add-on will help you during childbirth and a Newborn Cover (both available in
Reliance Health Infinity) will take care of any expenses related to taking care of your baby.
6. Protect your hard-earned savings
Scenarios like hospitalisation, childbirth, etc. are scenarios that can deplete your savings. Hence, having a mediclaim policy for family is important to protect yourself financially. Moreover, family health insurance reduces your tax burden under Section 80D helping your family's savings.
Things to Consider Before Buying a Family Health Insurance Policy
If you don't have a health insurance plan for your family then that's something that you should rectify as soon as possible. However, that doesn't mean you don't do your due diligence before buying one.
Here are some points to keep in mind to help you find your ideal family health insurance plan:
1. Number of network hospitals
When you buy your insurance plan, ensure that the insurer has a wide network of partner hospitals. Getting your treatments at a network hospital means you can get cashless treatments done. Therefore having network hospitals in your area a priority. Reliance General Insurance has a wide network of cashless hospitals making the likelihood of finding a network hospital near you higher.
2. No room rent capping
If you have an insurance plan that has a cap on the hospital room rent, that means you will not get the hospital room that you want or your family deserves. But with a family floater plan like
Reliance Health Gain and
Reliance Health Infinity you'll have no restriction on the kind of hospital room you select.
3. Pre & post hospitalisation expenses
One of the most basic covers in a health insurance plan are the pre and post hospitalisation expenses. Sometimes you need to undergo tests before the actual hospitalisation happens and at times you need to spend time recovering at the hospital even after your treatment is done. Any expenses related to these are covered under this benefit. Therefore, when buying a family health insurance policy, get one that offers a higher pre & post hospitalisation expenses cover.
4. Waiting period
The waiting period refers to a duration of time in which you cannot make any claims related to pre-existing diseases. This could range from 2 to 4 years. There is also a 30 day initial waiting period during which you cannot make any claim at all unless it's an accident. Plus, health insurance policies also have a waiting period related to specific diseases. Now, the family plan that'll benefit you the most is the one with the lowest waiting period (only with respect to pre-existing and specific diseases).
5. Claim settlement procedure
In the event of a hospitalisation, you should know how you're going to settle the hospital bill. There are two ways this happens, cashless claims and reimbursement. Cashless claims happen only in network hospitals and at non-network hospitals you can get your bills reimbursed. Finding out how you the claim settlement works will help you decide which family health insurance plan to go for.
6. Lifetime renewability
The lifetime renewability clause enables you to renew your health insurance policy throughout your life. Thus, you have the option to renew your policy no matter your age or number of claims made in previous years.
What's Covered in a Family Health Insurance Policy?
Every mediclaim policy for family includes certain covers within the sum insured you opt for.
Here's a list## of what's covered in a family health insurance policy:
- In-patient treatment, day care procedures,
- Domiciliary hospitalisation
- Pre-hospitalisation and post-hospitalisation expenses
- Annual health check-ups
- Critical illness cover
- Restore benefit
- No-claim bonus
- Organ donor expenses
##Inclusions vary according the health insurance plan. Please refer to the policy wording to find more details.
Exclusions in a Family Health Insurance Plan
Just like there are many inclusions in a health insurance plan, there are many things that are not covered too.
Here's a list## of exclusions in a family health insurance plan:
- Accidents due to adventure sports
- Self-injury or suicide
- Breach of the law
- Nuclear attacks or war
- Substance abuse and alcohol
- Maternity expenses
##This is not an exhaustive list. Please read the policy wording to learn more.
Eligibility For a Mediclaim For Family
Check out the criteria for a family floater policy below:
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Entry Age | 18 years to 65 years (for adults) 91 days to 25 years (for children) |
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Family Composition | Between 4 to 12 members (depending on the policy selected) |
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Coverage | Rs.3 Lakh to Rs.5 Crore (depending on the health insurance policy)
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How to Buy a Family Health Insurance Policy
Picking the right insurance plan for your family doesn't have to be hard. With a few parameters in place, you can easily find one that best suits your family.
Here are a few broad principles that'll help you pick the right policy:
1. Know what you want:
firstly you have to determine how much coverage you need and for who all. You naturally want to include your spouse and children and also your parents and or in-laws. Also, things like age, pre-existing diseases, etc. will help you figure out how much your sum insured should be.
2. Compare and select:
next you should compare the different health insurance providers available in the market and select one that meets your previously determined parameters.
3. Pick add-ons:
each health insurance plan comes with useful add-ons that can help your family. For example, our
Reliance Health Infinity plan comes with add-ons like OPD Cover and Maternity Cover that will help to care for your family.
