Top 5 Health Insurance Plans in India for Families, 2023

When  it comes to choosing a health insurance with eligibility for your family, it’s crucial to consider factors like coverage, premiums, and the network of hospitals and healthcare providers. To help you make an informed decision, we have compiled a list of the top 5 health insurance plans in India that are well-suited for families:

1) ICICI Lombard Complete Health Insurance Plan

ICICI Lombard, a subsidiary of ICICI bank, is a leading general insurance company in India. It offers a variety of family insurance plans, including comprehensive health insurance plans, critical illness plans, and accident plans. 

Their comprehensive health insurance plan offers coverage for a wide range of medical expenses, including hospitalization, surgery, and medical tests. The details of the same are as follows:

• The sum insured starts from Rs. 8 lakhs.
• The waiting period for pre-existing diseases is up to 2 years.
• The premium depends on the sum insured, the age of the insured, and the coverage opted for.
• This plan also offers a number of riders, such as the critical illness rider, the hospitalization abroad rider, and the day care surgery rider.

2) Niva Bupa Health Companion Plan

Niva Bupa, known as Max Bupa Health Insurance before 2021, is a joint venture between Fettle Tone LLP, a leading Indian private equity firm, and the UK based healthcare services expert, Bupa. Its companion health insurance plan offers good coverage for a range of medical expenses. The details of the same are as follows:

• The sum insured starts from Rs. 3 lakhs and goes up to Rs.1 crore.
• The waiting period for pre-existing diseases is 3 years.
• The premium starts from Rs. 550 per month and can vary depending upon the sum insured, the age of the insured, and the coverage opted for.
• This plan also offers a number of perks, such as discounts on premium, wide coverage for various types of treatments, and useful add-ons like hospital cash and no-claim bonuses.

3) HDFC Ergo Optima Restore Family Floater Health Insurance Plan

HDFC Ergo is a joint venture between HDFC Bank and Ergo International AG. It offers a variety of general insurance products, including health insurance plans, motor insurance plans, and travel insurance plans.

Its Optima Restore Health Insurance has a family floater option, which means that the same sum insured can be used to cover all the members of your family. The details of the same are as follows:

• The sum insured starts from Rs. 3 lakhs and goes up to Rs. 50 lakhs.
• The waiting period for pre-existing diseases is 3 years.
• The premium for the plan depends on the type of plan, family members insured, the amount of cover, and the city you reside in.
• This plan also offers a number of additional benefits, such as a multiplier benefit, daily cash for shared accommodations, and free preventive health check-ups.

4) STAR Health Family Health Optima Insurance Plan

Star Health is a standalone health insurance company. It offers a wide range of health insurance plans for individuals and families, including family floater plans, senior citizen plans, and critical illness plans. Its Optima Health Insurance is a comprehensive health insurance plan that offers good coverage for medical expenses. The details are as follows:

• The sum insured starts from Rs. 3 lakhs and goes up to Rs. 25 lakhs.
• The waiting period for pre-existing diseases is 4 years.
• The premium depends on the sum insured, the age of the insured, the number of family members covered, their age, and the coverage options opted for.
• This plan also offers a number of riders, such as discounts on premium, a wide range of coverage for various types of illnesses and amenities, and cashless hospitalization. 

5) Aditya Birla Capital Activ Health Platinum-Enhanced Family Floater Plan

Aditya Birla Capital is a financial services conglomerate. It offers a variety of insurance products, including health insurance plans, life insurance plans, and pension plans to Indiana. Its platinum-enhanced Activ health family floater plan offers the highest level of coverage for medical expenses. The details are as follows:

• The sum insured starts from Rs. 5 lakh and goes up to Rs. 2 crore.
• The waiting period for pre-existing diseases is 3 years.
• The premium, starting at approximately Rs. 8000/year, depends on the sum insured, the age of the insured, the number and age of family members insured, and the coverage opted for.
• This plan covers a large array of ailments, including personal accidents, critical illnesses, dental treatments, mental illness, physiotherapy, and more.

When choosing a health insurance plan for your family, make sure to consider your family’s specific needs, budget, and any pre-existing medical conditions. It’s also essential to read the policy documents carefully and understand the terms and conditions, including waiting periods and exclusions.