As a protector of your family, you take several precautions to keep them safe in every situation. But only financial and physical protection of your family is not enough. It is important you consider securing your family's health as well. A medical emergency could arise any time and due to lack of funds you may have to compromise on the treatment of your loved one or opt for a loan, leading your family into financial crisis. The right solution to steer clear of such unwanted situations is to opt for the most suitable medical insurance plan for your family.
A family medical insurance plan is a scheme wherein you can get your entire family insured against medical and hospitalization cost. Such a plan provides medical cover for you, your spouse, children (above 90 days) and even parents (upto the age of 50 years). In order to get the insurance all you have to do is decide the amount of cover you desire your family to be covered with and pay the premiums required to keep the cover active. The premium mostly depends on the amount of cover you opt for and the age of the individuals covered.
There are several medical insurance plans in India that provide different features to customers. However, there a few common features that you should look out for -
Cashless Hospitalization -
A medical insurance plan covers cost of hospitalization in which ever hospital you get the treatment done. However, if the insurance company has an alliance with a group of hospitals, any treatment you undergo there will be covered by the insurance immediately and you will not have to shed even a penny out of your pocket. These hospitals form a network of the insurance company and provide cashless treatment to the insured. This facility works as a major life saver in case of emergencies when arranging fund could get really difficult.
Strong Hospital Network -
To support the cashless facility, the policy should also have a good network of hospitals. Be sure to check the hospitals listed under the policy for well known and locally situated hospitals. There is no sense in buying a policy that does not provide cashless facility in reputed and nearby hospitals. Moreover, getting yourself treated in a hospital that does not come under the insurers list will only lead you to run about for claim settlement.
Quick Claim Settlement -
Make sure that the medical insurance plan you choose provides quick settlement of claims. This is very important as sometimes in case of an emergency you may not be treated in network hospital. In such cases you will have to make a claim to the insurer to settle the payment incurred during the treatment. Mostly companies that have an in house team to clear the claims are swift in responding to customer claims.
The above mentioned are just a few features that you can get with medical insurance plans in India. The other benefits you can seek include family floater, renewal benefits, no claim bonus, insurance portability and much more.
About Author / Additional Info:
The author is an experienced writer with keen interest in insurance sector. For comprehensive and best medical insurance for family ( http://www.futuregenerali.in/GeneralInsurance/RetailProducts/HealthInsurance/HealthSurakshaFamily.aspx ) visit Future Generali.