Not Found
Suggestion
- Experiment with various terms
- Experiment with various terms
- Experiment with various terms
Search Not Found
Try Searching
Not Sure
Assist Heading
13165151351351
Not Found
Suggestion
Search Not Found
Try Searching
Not Sure
Assist Heading
13165151351351
It is undeniable that good healthcare services are important. But the rising costs are making it inaccessible for many. This is why getting health insurance can help you invest in your and your family’s health before an emergency occurs.
You may have the responsibility of caring for your family, prompting the question: “Which health insurance is better?”. To help answer this question, here is a detailed comparison.
If you are looking for a smart way to get coverage for your entire family, then family floater health insurance is a perfect choice for you. By choosing this plan you will not have to buy a separate policy for each family member. With family health insurance, everyone in your family will be able to use a single insured sum.
When it comes to the premium amount of a family health insurance, it is usually based on two factors. Firstly, it depends on the age and health of the oldest member of your family. The other factor is the amount of coverage that you choose. Generally, you can get a health plan for a family at a lower cost too. However, you need to keep in mind that the claims are subject to the terms and conditions of your policy. So, go through the information very carefully.
Individual health insurance covers one person per policy as is understood by its name. Each member of your family has to get separate health insurance if opting for individual plans. Also, when it comes to premiums, this amount depends on several factors for individual health insurance. Firstly, your age and health condition are checked. Then your risk profile is also considered while calculating your premium.
Health insurance plans for individuals are best if you want to insure yourself only. You can also consider it if someone in your family needs special coverage. Let’s say you have a family insurance plan for your family but a family member is suffering from critical illnesses like cancer, heart issues etc. In this case, an individual cover will provide extra coverage.
When it comes to coverage and flexibility, there is a key difference between individual and family insurance plans. You have to share the insured sum among all the members in a family insurance plan. This can be a disadvantage if one person uses up a large portion of the coverage, leaving less available for other members until you renew the policy.
In contrast, with individual health insurance, each person gets their own separate coverage. Hence, it offers more flexibility in using the insured sum compared to family insurance plans. This way, everyone has their own safety net.
Another difference between health plans for families and individuals comes in the calculation of premiums. Family health insurance plans calculate the premium based on the age and health of the oldest member of your family.
However, individual health insurance customises the premium as per your age, health, and risk profile. So, in an individual plan, each family member can have a different premium. When it comes to health plans for families, everyone has the same premium.
As mentioned, family health insurance plans cover the whole family under one policy. So, it includes you as the primary policyholder, your spouse, and dependent children. Sometimes, you can even extend it to your dependent parents as well.
In comparison, individual health insurance only covers the person insured, meaning each member must have their own separate policy for coverage.
To sum up, individual insurance can be a good option for those who don't need coverage for family members. On the other hand, the family health insurance policy is best to opt for when you have a family to cover. Buying individual insurance for each family member will be costly and it will also become hard to manage.
Additionally, you can bag many benefits if you choose Future Generali for your family's health insurance. You can buy FG DIY Health, one of the best family medical insurance plans, where you can customise your insurance as per your needs and preferences. Moreover, FG Health Absolute is also a good health insurance plan for family to cover both the mental and physical health of you and your loved ones.
Future Generali’s Health Vital Health Insurance: Everything You Need to Know
Nearly 400 million residents of India do not have access to health insurance. The main reason is high premium rates. In an effort to resolve this, Future...
Read MoreFamily Health Insurance vs. Individual Plans: Which is Better?
It is undeniable that good healthcare services are important. But the rising costs are making it inaccessible for many. This is why getting health insurance can help...
Read MoreCan a ₹5 Lakh Medical Insurance Cover Take Care of Your Needs?
Health insurance is no longer a luxury purchase. It is very much essential since medical bills have gone up significantly for even the smallest procedures. To avoid...
Read MoreDay Care Treatment Explained: What Your Health Insurance Should Cover
Today, medical advancements have significantly shortened the duration of many treatments, eliminating the need for prolonged hospital stays. However, the costs of these short-term yet advanced medical...
Read MoreList of Diseases Covered Under Health Insurance
Health insurance is vital for managing healthcare costs and ensuring access to necessary medical treatments. Understanding which diseases are covered in health insurance can help policyholders make...
Read MoreTop Up Health Insurance: Everything You Need to Know
While a health insurance policy may offer a certain amount of coverage, it doesn't guarantee full reimbursement for every medical expense. Every health insurance has sub-limits for...
Read MoreDoes Health Insurance Cover Knee Replacement Surgery
The knees are joints that support our body weight and enable us to perform daily activities easily. When knee pain strikes, it impacts your quality of life,...
Read MoreWhat is Reimbursement Claim in Health Insurance?
Mr Sharma wants to purchase health insurance plans for the family. Ever cautious, he carefully reviews the policy documents. Upon reading, he learns about two claim settlement...
Read MoreEffective Tips to Reduce Workplace Stress
Mental Health is a term that is often joked about a lot but not cared about even a little. Yes, in India, it is very common for...
Read MorePradhan Mantri Suraksha Bima Yojana: Eligibility, Coverage & Benefits
Pradhan Mantri Suraksha Bima Yojana (PMSBY) is India's government-backed accident health insurance scheme. It provides financial protection to individuals in case of an accidental death or disability....
Read MoreDomiciliary Hospitalisation: Benefits, Coverage, and How to Claim
Treatments are important for people to get them out of a certain medical situation like a disease or an accident. While you mostly think of a hospital...
Read MoreGuide to Buying Health Insurance for Pre-Existing Diseases
This essential guide navigates the complex world of health insurance for pre-existing conditions. It defines pre-existing diseases, explains their impact on insurance policies, and highlights the importance...
Read MoreTop Benefits of Health Insurance In India
Life has a way of throwing curveballs when we least expect it. One minute, you're on top of the world; then, suddenly, a medical emergency might wipe...
Read MoreCommon Monsoon Diseases and Prevention Tips
In most parts of India, the monsoon brings joy and happiness as it provides much-needed relief from the scorching heat of the summer months. While abundant greenery...
Read MoreDifference between Health Insurance & Life Insurance
In life's journey, we all need a safety net. Life and health insurance act as two crucial safeguards for ourselves and our loved ones. Life insurance is...
Read MoreHow to File a Health Insurance Claim: A Step-by-Step Guide
Having a health insurance policy during unexpected medical emergencies is a blessing. If someone knows how to claim health insurance beforehand, the procedure is less stressful for...
Read MoreBuying Health Insurance for Parents: A Brief Guide
An often neglected yet essential part of our lives is senior citizen medical insurance. Consider those high hospital costs and high-priced surgeries. They mount up fast, don't...
Read MoreZero Waiting Period Health Insurance Plan
The significance of health insurance plans in India is increasing each passing year, as professional needs, escalating pollution, and other environmental issues cause critical illness in people....
Read MoreHealth Insurance Restoration Benefits: Types, Advantages, and Conditions
The restoration benefit in health insurance is a feature that can reset the sum you insured back to its original limits once you use it due to...
Read More