In this day and age, your family is the closest and the most important people in your life. You work hard and endure on just to make sure that your family has a happy and peaceful lifestyle. But have you ever considered what would happen to your family if something happens to you that will incapacitate your earning power? Or what if a member of your family falls grievously ill and needs medical attention or hospitalisation? Would your savings be sufficient to cover the medical expenses and still ensure that your lifestyle isn’t affected?
You think of everything when it comes to your family, most importantly their health and well-being. Having a family health care insurance plan in place would be the most obvious decision to ensure that you and your family can cope with the unpredictability of life. When insuring your family, you could either buy health insurance policies for each individual member of your family or go for family health care insurance which is also referred to as a family floater plan.
A family health care insurance plan covers more than one member of the family for a fixed cover. Ideally, family health insurance plans are more suitable for younger families who have a lower health risk. Most family health plans cover 4 members i.e. two adults and two children. The cover for the children is valid until they reach the age of 25. Some plans also extend to the parents and parents-in-laws.
The advantages of opting for a family health insurance

• Less documentation: When you buy individual policies for all the members of your family, you need to process documents for each member. In the case of a family health insurance policy, you need lesser documents.


• One cover: You can buy one cover that will benefit your family i.e. your spouse and your children.


• Less expense: Buying a family health policy is less expensive than buying individual policies for each member of your family.


• Discounted premium: The premium that you pay on a family health insurance is more discounted when compared to separate individual plans for each family member.


• Higher claim amount: When you buy a family health policy, you can get a greater claim amount compared to an individual policy.

Opting for a family health policy can prove beneficial in the long run, but at the same time, you must be prudent and aware about the benefits and coverage offered under your family health plan before you choose a plan most suitable for your situation.
It is possible to make a thorough review of yours and your family's health care insurance needs as well as compare various Medical health care insurance choices or plans to select the one that ideally matches your needs.