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Family Health Insurance: one plan to protect your entire family

See how family health insurance covers your spouse, children, and parents under a single policy with a shared sum insured and cashless hospitalisation.

Premium starts at ₹7,500 per year Excluding taxes. Terms and conditions apply.

Happy family protected by family health insurance

Benefits

  • One policy covers spouse, children, and dependent parents
  • Shared sum insured with no per-member limits
  • Cashless treatment at 10,000+ network hospitals
  • No medical check-up up to a certain age and sum insured

What is family health insurance?

Family health insurance is a single policy that covers multiple family members under one plan. It typically uses a shared sum insured (also called a floater), which means any covered member can use the entire insured amount during the policy year.

Instead of buying separate policies for each member, a family floater plan offers broader coverage at a lower combined premium. It usually covers the policyholder, spouse, children, and sometimes dependent parents.

Examples

Young couple: A couple aged 28 and 27 with a ₹10 lakh family floater pays around ₹12,000 a year, covering both under a single shared sum insured.

Family with children: A family of four — two adults and two children — can get a ₹15 lakh floater with maternity and newborn cover for about ₹22,000 a year.

Senior citizens: A plan covering two parents aged 60+ may cost more, but add-on senior citizen plans with domiciliary and OPD cover make treatment affordable.

How family health insurance works

  1. Choose the sum insuredDecide the total cover your family may need, based on age, health, and city.
  2. Add family membersInclude spouse, children, and parents as per the policy's eligibility.
  3. Pay one premiumA single annual premium covers everyone under the plan.
  4. Share the sum insuredAny member can use the entire insured amount during the policy year.
  5. Get hospitalisedUse cashless treatment at network hospitals or get reimbursed for others.
  6. Claim settlementThe insurer settles the hospital bill or reimburses the expenses as per policy terms.

Who should buy family health insurance?

Families and individuals. Family health insurance is ideal for young couples, growing families, and anyone who wants to cover their loved ones under a single policy. It is especially useful for those with dependent parents or children.

Frequently Asked Questions

Family health insurance is a single policy that covers multiple family members — typically spouse, children, and dependent parents — under one shared sum insured. It is important because it provides comprehensive health cover at a lower combined premium and ensures every family member gets access to quality healthcare without financial stress.
A family health insurance policy typically covers the policyholder, spouse, children, and dependent parents. Some policies also allow in-laws, siblings, or other dependents with an additional premium. The exact list of covered members depends on the insurer and plan.
Family health insurance is more cost-effective than buying separate individual policies for each member. However, if family members have different healthcare needs or if one member has a chronic condition, a combination of a floater and individual plans may be better. The choice depends on your family's health profile and budget.
Yes, many family health insurance plans cover maternity and newborn expenses, either as part of the base cover or as an add-on. These benefits typically have a waiting period of 2–4 years. It is important to check the policy for maternity sub-limits and waiting periods.
Pre-existing diseases are typically covered after a waiting period of 2–4 years. Some plans offer shorter waiting periods or cover specific conditions from day one. It is important to disclose all pre-existing conditions at the time of buying the policy.
Yes, most family health insurance policies cover day-care procedures that require less than 24 hours of hospitalisation, such as cataract surgery, dialysis, chemotherapy, and minor surgeries.
Yes, premiums paid for family health insurance are eligible for tax deduction under Section 80D of the Income Tax Act. You can claim up to ₹25,000 for self, spouse, and children, and an additional ₹50,000 for dependent parents (senior citizens).
Yes, most insurers allow you to add a newborn baby to the family health insurance policy within 90 days of birth. The newborn is typically covered from day one, subject to policy terms and any waiting periods for specific conditions.