Family health insurance policies present an excellent method to ensure that every member of a family gets to receive top-notch healthcare services, all without necessitating separate premium payments for each individual.
Typically, these plans provide a more substantial total insured amount, broader coverage, and an array of advantages and attributes that can result in savings on medical expenditures.
The optimal family health insurance scheme encompasses the entire family, comprising one's spouse, children, parents, and parents-in-law, and ensures an economical answer to the family's insurance necessities.
Within this composition, individuals can acquire further insights into family health insurance, including whether non-resident Indians (NRIs) can procure health insurance plans for their families living in India.
Unlike individual health insurance, this type of health insurance in India covers the entire family at once — all the members are covered against a single premium. Such a plan reduces the hassle of managing multiple health insurance plans at once.
To understand family health insurance plans in India better, let’s go through their general features in this section -
Discussed below are the benefits of health insurance plans for family in India -
Check out the general inclusions of the best family health insurance plans in India -
The general exclusions for the best family health insurance plans in India are as follows -
Here are a few crucial points to be taken into consideration prior to the purchase of a health insurance plan for family in India -
Opt for a plan that adheres to a prompt and straightforward claim settlement procedure. It is also advisable to look into companies that present hassle-free cashless hospitalisation facilities.
An individual who is a Non-Resident Indian (NRI) can certainly purchase health insurance for themselves as well as their parents who reside in India. However, health insurance companies solely cover medical costs linked to treatments sought within India, unless the policy incorporates international coverage.
For instance, let’s consider an NRI who resides in the UAE. If their parents undergo treatment in India, the concerned insurance firm in India will manage the accrued expenses. However, if the parents urgently require medical treatment in the UAE, the health insurance procured in India will not account for the expenses.
The healthcare sector has undergone a significant cost surge. The combination of inflation and additional material requirements has made it nearly impractical to handle the expenses related to medical appointments, hospital stays, and medications alone in today’s world. In our times, it has also been underscored that health crises can emerge at any moment and impact individuals of all age groups.
All of these emphasise the significance of possessing a health insurance scheme. Such a plan safeguards the elderly parents as well as the young children and offers the individual and their partner a suitable financial buffer during urgent and unforeseen circumstances.
Let’s understand the benefits that an NRI can access by purchasing a health insurance plan for family in India through the following points -
Discussed below are the aspects to consider when buying a health insurance plan for family in India -
Therefore, NRIs should carefully select the most suitable health insurance for their parents based on their health status and financial capacity. Furthermore, it is prudent to consider purchasing a dedicated senior citizen health policy instead of incorporating parents into a family insurance plan.
Here’s what others are asking about family health insurance in India -
Ans: Yes, non-resident Indians (NRIs) have the option to purchase health insurance intended for their families residing in India. This coverage encompasses their marital partner and children who rely on them as well as parents who are financially dependent on them.
Ans: NRIs can claim health insurance for their parents in India. The necessary procedure involves notifying the Indian insurance provider regarding the hospitalisation and furnishing the mandatory paperwork.
In instances of cashless treatment, the insurance company will directly settle the medical expenses with the affiliated hospital. Alternatively, if reimbursement claims are applicable, the insurance company will compensate the insured individuals for their incurred expenses after proper verification.
Ans: Health insurance companies provide coverage for medical expenses incurred in India for Non-Resident Indians. Nevertheless, in recent times, a couple of insurance providers have initiated coverage for medical costs in foreign countries as well, subject to specific terms and conditions.