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Insurance Article

Pocket savings with a comprehensive family health insurance policy

January 09 2013

With such a policy in hand, you can divert all your attention to the care of your ailing family member without having to stress about the settlement of hospital or medical bills.

When looking to buy a health insurance cover for your family, you must at the outset consider the Family Health Insurance plan offered by ICICI Lombard. This health cover is a comprehensive insurance policy and offers the floater benefit to insure your entire family with a payment of a single premium. With this plan, you may also have the flexibility to structure the premium according to your requirement. One or all family members can utilize the entire sum insured till the expiration of the policy which undoubtedly makes it one of the best health insurance policy India.

This family health insurance policy also does not require the settlement of any deductible. Thus, the insured is relieved of the stress of payment when making claims for any ailment or disease covered by the policy. The comprehensive policy also does not require the insured to set any Sub-limits for any policy feature as per the plan opted. A sub-limit is a restriction or "cap" on the sum insured for any medical services or treatment covered by the policy. With the absence of sub-limits, the insured person or persons can make claims for the entire sum insured as per policy terms and avail of the best possible treatment without any financial stress.

With this comprehensive insurance plan, you can bid adieu to exorbitant hospital bills thanks to the cashless claim feature. This feature gives allows the insured to access the insurance company’s network of quality health care providers all over the country and avail of optimal treatment.

Not just that, a health insurance cover for your family qualifies the person paying the premium for tax benefits. According to Section 80D of the Income Tax Act, investments made for the payment of health insurance premium are eligible for rebate on the taxable income to a specified limit." Tax benefits are subject to change in tax laws." With this feature, you may save up to Rs. 15,000 per year on the premium paid for the health insurance policy. If you are paying the premium for insured parents who are senior citizens, then an additional rebate can be claimed per year.

Keeping all these features in mind, it would be easy to choose from the several of best health insurance and save a considerable amount of money as you and your family enjoy several healthcare benefits.

Disclaimer - The article contains only an indication of the cover offered. For complete details on coverage, terms, conditions and exclusions, please read the sales brochure carefully before concluding a sale. ICICI Lombard General Insurance Company Limited. Insurance is the subject matter of solicitation. IRDA Reg. No. 115

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Job Code: EC012384MI

Product Code: misc. 128

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