Health insurance policies allow you to manage medical and healthcare costs without burning through your savings. When you are planning for medical expenses, you always take your family and loved ones into consideration. You can buy independent health insurance policies for each of your family members or opt for a family health insurance plan. As the name suggests, a family insurance plan allows you to include your spouse, children, and parents. Some insurers also allow you to include your dependent in-laws in the family policy.
A family health insurance policy has a single sum insured that is shared by all the members of the family in the plan. There are many benefits of a family health insurance plan, including:
- These plans allow you to get coverage for the entire family via one plan.
- The premium on these policies is much cheaper than the total premiums payable if you were to