How to Choose the Best Health Insurance Plan for your Family

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We all want to buy a health insurance plan that offers maximum coverage to our loved ones at the time of need. However, with the availability of different health insurance plans, it can get confusing to pick the right one. Going through so many policy types, their features, inclusions, and limitations can seem to be a daunting task. And to avoid the hassle or time constraints, a lot of people end up buying a health plan without knowing if it would be adequate for them or not. Here are some useful tips to help you choose the best health insurance plan for your family

Health Insurance Plans For Your Family

Medical emergencies might strike any member of your family. As such, you need a health insurance plan which covers all your family members so that if anyone falls ill, the policy comes to your financial rescue. 

There are various types of health insurance plans in India with a variety of benefits attached to it. However, while buying a health insurance plan for your family, it should be chosen with utmost care. You need to consider various aspects before finalising the plan. This would ensure that the policy is comprehensive and it provides adequate coverage to your family. 

If you need help with choosing the right health insurance plan for your family, given below is a guide to help you with the same. 

Health insurance plans are offered as family floater health insurance plans. These plans cover multiple family members under a single policy. You can avail coverage for –

  • Yourself
  • Your spouse
  • Dependent children
  • Dependent parents
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Moreover, there are some plans which extend coverage to include parents-in-law, siblings and other extended members of the family. So, if you are looking for coverage of your whole family, you can opt for family floater health insurance plans.

How To Choose A Health Insurance Plan For Your Family?

Here is a definite guide for choosing the right health plan for your family –

1) Look for the Right Policy Coverage 

Select a health plan that offers you coverage against a wide range of medical problems, pre and post-hospitalization cover, ambulance charges, critical illness cover, maternity benefits, cashless treatment, daily hospital cash benefit, in-patient hospitalization, etc. If you are buying medical insurance for your family, make sure that the policy meets caters to the needs of each member that has to be insured. 

Consider your requirements, compare different plans, check out the policy features, and limitations. There can be hidden factors like sub-limits, waiting period, etc. that we tend to miss. Therefore, make sure that you go through the policy wordings for all the terms and conditions. This would ensure that you and your family do not have to face any trouble at the time of the claim.

2) Look for Flexibility To Add New Family Members

While purchasing a family health plan, make sure that you can add a new family member easily. In case the senior-most family member passes away or is no more eligible for the coverage, then the other family members can continue with the same plan without losing the benefits of the plan.

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3) Check the Waiting Period Clause

Usually, health insurance plans cover pre-existing diseases, maternity expenses, and certain specific treatments like hernia, varicose veins, etc. after a specified waiting period, i.e., 2 to 4 years, which varies from one plan to another. For instance, maternity expenses are usually covered after a period of 2 to 4 years from the date of policy purchase. 

Make sure that you check the time duration after which the pre-existing diseases will be covered in your family health plan and choose a plan that comes with a minimal waiting period.

4) Check the Co-Payment Clause

It is the percentage of the amount that you will have to pay from your pocket. The insurance company pays the remaining hospitalization expense. For instance, if you have a policy with a 10% Co-pay clause, this implies that for a claim of Rs. 1 lakh, you will need to pay Rs. 10,000 form your own pocket while the insurance company will pay Rs. 90,000 as part of the claim. You can also look for a policy without a co-payment clause as well.

5) Choose a Plan with Lifetime Renewability

Lifetime renewability is also an essential factor to consider. A lot of us tend to forget it. Make sure that you check the number of years that your policy remains validated; check whether it offers limited lifetime renewability or not. 

Why? Because you will require a health plan the most during the later years of age. So, choose a family health plan that offers lifetime renewability. This will enable you to continue with the same plan in the years to come without the hassle of buying another policy after crossing the age limit. For example, your health insurance plan offers renewability till 45 years. Once you pass the age, then you would need to buy another one that will cost you much more. And if you buy a plan with lifetime renewability, you can continue it further in a hassle-free manner.

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6) Room Rent Limit 

Whether you will get a private hospital room, semi-private room, or a shared room, it depends on the type of plan you choose. It’s always better to go for a policy that provides a higher room-rent limit if you want to avoid paying extra from your own pocket. 


You can use the tips mentioned above to enhance your coverage benefits when buying health insurance for your family. You would be able to make an informed decision. Moreover, you would not need to run from pillar to post at the time claim. 

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