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A family health insurance has become a necessity these days as the toll of diseases keeps on increasing. If you are an individual, there

should be no second thought to possess one and the need increases if you have a family. Earning is part of life and it keeps our hearts

pumping but living with the best of life adds to pleasure and satisfaction in every way and it can be attained through the health

insurance policy. If you and your family are not covered by at least a cheap family health insurance policy, you can be called to be at risk

as there would be no help in case of emergencies where you will need huge amounts for the medical expense.

The health care cost keeps on increasing as the day passes by and so it is very important that your entire family gets covered. Finding

the perfect family insurance plan is a little difficult task even though not impossible. First search out for those plans which can cover allthose conditions prevailing in your family and then arrange a list of those which can be later sorted out into two or three suiting your

needs and budget.

Your employer can be the major source to be depending upon for availing an affordable family health insurance. Family health insurance

plans are always cost effective when compared to individual plans for each person of the family. There are chances that in case of group

coverage, you might get the best chance to enter valid for the policy without a medical examination which can prove to be advantageous

to you in every sense.

Whatever policy you choose for, make sure that it is financially stable, sound and reliable so that you do not end up in distress at the

end. While considering budget and coverage, more importance should be given to the latter even if it would be by reducing your other

expenses. It is because it has a much greater value when considered deeply.

There are certain traps which can always open up and it swallows people when they are on for the hunt. You can find plenty of 

companies offering cheap family health insurance with cheaper premiums, but a closer look can reveal that it is applicable just for thefirst year and later on it gets doubling up. On the other hand, you can find many companies that offer low premiums until you make the

claim, after which the premiums rise up to a greater value.

In the same way, you are sure to come across several scams and undesirable family health insurance quotes which are to be deeply

scanned to find out any kind of unauthorized deals hidden behind. Therefore, the experts suggest evaluating your needs in the beginning

to understand what you are actually hunting for and the requirements for it. If you possess a healthy background, you can opt for the

minimal requirement of hospitalization and surgical treatment coverage which can be enhanced or hiked up according to your differing

desires.

No one can predict about their health. You can never say beforehand that you are going to fall sick and need treatment. People who were

happily running around can suddenly fall sick and get hospitalized. It is not always necessary that you have the sufficient amount in your

hand to get your treatment done at the moment. This is when the role of health insurance policy comes into act. If you have taken a

reliable policy with a reputed company, you can be at peace of mind regarding the treatment cost.

Nowadays, the hospital bills are too high for an ordinary man to afford. Therefore it is necessary for every individual to take a health

insurance policy and lead a peaceful life. You can also get your pets insured, so that you need not worry at the last moment for money.

Here, you will understand why it is so important to purchase a policy. One thing is for sure, there are many benefits for the customer

who plans to take up a health insurance scheme.

According to the policy, if you are hospitalized, they will cover all the expenses which occurred at the time of hospitalization. There are

special rates applied depending upon the nature of the disease and its seriousness. You cannot expect the insurance company to cover

your bills for a minor fracture of your hand or leg. They will mention in the scheme which diseases are covered and the amount of 

payment done under such circumstances. You have to go through the policy thoroughly before making your final decision. In several

countries, the law has become strict regarding health insurance policies and all the citizens are required to purchase a scheme. This is a

right decision and will benefit you in the future.

Many people are confused and do not know where to buy a reliable policy. Well, there are many companies present in the town or you

can search online for insurance schemes. Make sure that you compare the rates submitted by the different sites and then make your final

choice. You should take care of the annual premium amount which you have to pay apart from the coverage amount. Do not purchase a

plan which is not affordable for you and becomes a burden. There are many schemes and you can take the advice of a professional, if you

are in doubt. Do not keep on postponing the dates anymore; get yourself a policy right now.

Health care costs have witnessed a phenomenal rise in the current times, this has led the customers to insure not only themselves but their familymembers for any future medical expenses and other related requirements. The need to insure assumes even more importance with older generation

who are either retired or will be retired in the near future; you will be surprised how much health care expenses can add up to in a year.

Types Of Health Care Insurance Available:

• Medical Insurance

• Critical Illness Insurance

Leading insurance companies are coming out with new plans to meet the requirements of their customers, health care insurance plans especially

target customers in the higher age group. It is necessary for younger people to start planning for their future after they retire, at an early age, so

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as to lead a financially stable life in later years.

List of Some of Indurance Companies offering Health Care Insurance:

ICICILombardHealth Plans

BajajAllianzHealth Guard

HSBC - HealthFirst

Medical insurance in India is gaining such a high trend that policies are out even for infants. It is the buffer against medical emergencies. This

cover is a hospitalisation cover and reimbursement of the medical expenses incurred in respect of covered disease /surgery while the insured was

admitted in the hospital as an in patient.

Different types of Medical Insurance are available here:

• Individual Medical Insurance

• Group Medical Insurance

• Overseas Medical Insurance

Calculation of Medical Insurance Amount/Premium:The amount of premium depends on the sum insured (amount of coverage) age of the member and also if one is takingan individual or a group Insurance. Premium can be paid on a monthly/quarterly/half yearly/ yearly basis. Amount alsodepends on the company policies of the insured.

Medical Insurance Claim Procedure:

• An individual has to fill and submit the claim form to the insurer 

• A claim representative, so appointed, analyses the expenses incurred

• After submission of the medical expenses report, the claim is cleared within 7-15 days. The number of days

may vary from company to company

Documents Required for Medical Insurance Claim:

• Hospital/doctor report

• Memo of expenses incurred

• Salary Slip

List of Common Insurance Companies Offering Medical Insurance:

United India Insurance Co. - Mediclaim PolicyThe New India Assurance Co. - Medical PlansICICI Loambard - Online Medical PlansBajaj Allianz - Medical CareHSBC - HealthFirst

* Terms and conditions may vary in different insurance companies

Critical Illness Insurance : Critical Illness Insurance provides for payment of amount equal to sum assured, if illness strikes,irrespective of expenses incurred on treatment. Most insurance companies are providing this insurance as an addition to

the life insurance; additional premium payable for critical illness. It is introduced as a value addition to meet the demandsand also as marketing strategy. The insurance covers surgery cost, critical illness cover and post-hospitalisation. The

insurance is different in paying only for prolonged hospitalisations. One of the unique features of this insurance is that alump sum allowance is paid irrespective of the actual medical expenses.

Calculation of Critical Illness Insurance Amount/Premium:The amount of premium depends on the insurance of the insurance company. Sometimes life insurance companiescharge extra premium for the insurance, which is an add on to the LIP. Premium is generally paid on a yearly basis.

Critical Illness Insurance Claim Procedure:Insurance holders can make multiple claims till their lifetime cover is exhausted. The company pays a lumpsum amountas claims irrespective of the actual expenses, as against a medical insurance, which is only a reimbursement insurance.

The claim should be reported to the insurers, who in turn will appoint asurveyor. Surveyor will check the necessary documents and analyse the extent of damage. The claim process takes

anywhere from 7-21 days.

Documents Required for Critical Illness Insurance Claim:

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• Copy of FIR (If any)

• Medical Certificate & details of medical expenses & disability certificate

• Leave certificate from employer 

• Duly filled Claim Form

• Salary Certificate from employer 

List of Some of Insurance Companies Offering Critical Illness Insurance:

Bajaj Allianz - Insurance Against Serious Illness

HSBC - Illness Cover 

Life Insurance Co. - Critical Illness Benefit Rider 

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