Mediclaim for Family: How to Choose Best Mediclaim Policy for Family

15 Dec, 2022 Last Update 1 year ago

Mediclaim for Family: Medical costs have significantly increased in recent years. As a result, if you or a loved one becomes ill and requires hospitalization, the medical expenditures might deplete your funds. Purchasing mediclaim coverage for your family is one method to ensure that your family members receive quality medical treatment while also protecting your funds. In the sections that follow, we will explain why acquiring a mediclaim insurance that covers all family members is the best option for you.

Plans of Insurance for Family Health

Plans of Insurance for Family Health are a godsend during medical emergencies since they allow the family to get care without worrying about finances. Best mediclaim policy for family covers all major and minor medical expenditures for the entire family under one plan. The premium value & sum insured varies amongst policies. Depending on the policy chosen, these plans provide a complete package with an amount insured of up to Rs. 2 crores. Furthermore, the sum covered is shared by all members of the family health insurance plan.

Medical expenditures for hospitalization, pre-and post-hospitalization, doctor's fees, modern and AYUSH treatment, childcare procedures, domiciliary treatment, and other medical-related expenses are covered. The insurer will compensate up to the plan's maximum sum covered. If your plan allows for sum reinstatement, you can profit by reinstating 100% of the sum covered on the policy.

Mediclaim insurance has a maximum sum covered of Rs. 5 lakh. As far as I know, there is no mediclaim insurance that covers the entire family, as they are generally designed for individuals. Please propose keywords that are relevant to the insurance terms.

The Advantages of Having a Mediclaim Policy for Your Family

Mediclaim Policy for Your Family

While you may acquire separate mediclaim policies for individual family members, a family floater top 5 health insurance plans for family is usually a superior alternative. This form of family mediclaim coverage assured that you and your dependents were all covered under a single plan. Here are some additional advantages of having a family mediclaim policy:

Single Premium to Insure All Family Members a family mediclaim insurance coverage covers all family members under one plan. By paying a single price, you may insure yourself, your spouse, your dependent children, and your dependent parents. Several plans, in fact, enable you to include your extended family in your coverage. As a consequence, you will save time and effort in the long run by not having to keep track of due dates for several insurance premium payments.

The premiums for a family floater insurance plan are much lower when compared to separate plans for each family member. As a consequence, mediclaim policy for families provides enough coverage in the event of a medical emergency while being cost-effective.

Every covered individual has comprehensive coverage any family member who becomes ill can access the whole amount insured under the family floater mediclaim policy. This guarantees both you and your loved ones are sufficiently insured for medical bills and that your funds are safeguarded regardless of the cost.

Coverage for Variety of Medical Charges Mediclaim insurance for Families provides coverage for a variety of medical costs. These include mentioning a few, before and after hospitalization fees, hospitalization expenses, hospital room charges, and day care expenses. Obtaining this kind of comprehensive coverage at a reasonable price is definitely something you should think about.

Section 80D Tax Advantages another significant benefit of family mediclaim insurance that you should consider is that it is tax deductible. You can earn a tax deduction if up to Rs. 25,000 if you buy mediclaim coverage for yourself, your spouse, and your dependent children. If you obtain mediclaim coverage for your senior citizen parents, your tax deduction will be increased to Rs. 50,000 each year.

Family Mediclaim Policy Eligibility and Documentation

Any best mediclaim policy for family in India has eligibility restrictions. Although the qualifying rules for family floater mediclaim policies in India vary from one insurer to the next, the following information covers the most common:

Address proof:

  1. Telephone bill

  2. Electricity bill

  3. Ration card

  4. Passport

  5. Driver's licence

Identity proof:

  1. Driver's licence

  2. Passport

  3. Aadhaar card

  4. Voter's ID card, etc.

  5. 10th or 12th mark sheet


The coverage covers passport-size pictures of all family members.

Medical reports:

Medical reports, if required by the insurer.

How to Choose the Best Mediclaim Policy for Family

Best Mediclaim Policy for Family

Applying for health insurance online is simple and quick. Top health insurance plans for family websites feature a section for online policy purchase and renewal. The procedure is safe and simple, making purchasing family health insurance coverage a breeze.

Here are a few simple steps to buying or renewing a family health insurance plan online.

Select the App Form

Fill in the relevant information, such as your basic personal information and other criteria.

Make your payment online.

If necessary, request a call back from one of our employees or complete the process by clicking the 'Buy Now' button.