When you choose an insurance company, you wish to think about numerous factors to establish the soundness of the corporate. Claim settlement rate is one of the key metrics accustomed to confirm the flexibility of the insurance firm in paying insurance claims.
A comprehensive health insurance policy is a complete necessity, and there is no argument for it. Health insurance is necessary for financial safety that we cannot bargain with. It averts us from the strain of arranging for money at short notice. Best health insurance companies in Bangalore help us to make financially fit for unexpected medical necessity and also for the planned hospitalization. Health insurance policies in Bangalore generally include diagnostic, hospitalization bills, hospital rent, lab tests,pre and post-hospitalization bills, etc. Various health insurance plans offer several schemes and benefits, and each of them is customized to meet your medical requirements. All you need to do is a comprehensive research about the various health insurance policies and the best agency to meet your
requirements.



    Selecting the proper health insurance company is not an arduous task, provided your anticipations are distinct from a health insurance policy. Besides, it is better to undertake a precise background check of the health insurance policy advisers that you expected to buy a policy from. Also, don’t forget to check the claim settlement ratio. This helps you to decide the efficiency in handling the claim and the authenticity of services. Higher the incurred claim ratio of an insurance policy, higher will be the chances that your claim to be processed swiftly and smoothly when you face an emergency.

    Family health insurance policy

    Hospital expenses arouse due to the treatment of any illness, surgery, medical emergencies, etc are covered under a health insurance policy. The expenses can be reimbursed by the insurance provider by providing required documents or by availing the cashless service offered by the insurance provider. Family health insurance policy is a type of health insurance policy (family floater plan), which includes the coverage of all the family members against different medical crisis and illnesses. Health insurance policies for family cover your family with minimum premium based on the age of the members.
    Features
    • You can get the insurance coverage for your family members including your spouse, children, parents, and some insurance companies also give coverage for your parent in-laws.
    • Many insurance companies in Bangalore offers health insurance policies for family and offer allowances on higher sum insured.
    • A family health insurance policy comes with a no claim bonus, which aids you to increase the sum insured each year if there is no claim during the policy time.
    • You will get cashless service at the time of claim if the medications are carried out in an approved hospital by the insurance provider.
    • Health insurance policies for family offer choices for policy term. You can choose for one, two or three years as your policy term.
    Benefits
    • You can get insurance coverage for the whole family in one family floater insurance. You can thus save sufficient money instead of acquiring individual health insurance plan for each of the member.
    • You will get the tax benefit for all the premiums paid for your family health insurance policy under the Section 80D of the Income Tax Act.
    • Several family health insurance providers offer some exclusive benefits known as restore benefit, which helps to renew full coverage of your plan once drained during the plan period. It is applicable only for independent claims.
    • Cover whole family under one shield to minimize the cost of unforeseen medical expenses within a single family health insurance.
    • You can include any family member effortlessly in the same family floater plan.
    Eligibility
    • In family health insurance policies, the eldest member becomes the policyholder. The age limit for a policyholder is from 18 to 65 years, while a few insurance companies may permit it up to the age of 70 years and above.
    • For Adults, the minimum age is 18 years and the maximum age is 65 years, while a few insurance companies may allow it up to the age of 70 years and above. For children, the minimum age under the family health insurance policies is from 90 days (this may change in accordance with company policies, some insurers may allow it from 30 days and a few may have different entry age up to 25 years.
    • Some insurers ask for proper tests to be carried out at their approved centers. While others offer family health insurance plans up to specific age like 45 years without any medical tests. In some occasions, insurers may require medical check-up as compulsory.
    • Almost every insurance companies offer continuing renewal. You have to renew your family health insurance policy each year to maintain in force and renew before it expires. After the due date of renewal the health insurance company offers a mercy period of 30 days. If you want to maintain the policy in force, you should renew before the given period ends or else it will expire.
    Coverage
    • All the hospital expenses due to medication will get coverage. In case, if any of the insured family member need medication for more than 24 hours, the insurance provider will pay the medical bills.
    • Any medical expenses arouse before medication are known as pre-hospitalization charges. That is, for X-ray, MRI scanning, blood tests, urine tests, lab results, etc done before hospitalization are covered under the policy.
    • Any medical expenses arouse after the leaving from hospital are known as post-hospitalization charges. That is, like medicines, or any medical or lab tests done after the discharge to monitor the recovery.
    • Most of the authorized insurance companies like Financial Planning Simplified in Bangalore are offering family health insurance plans which cover emergency ambulance expenses. The amount provided for the emergency ambulance charges differs from insurer to insure.
    • The insurance providers offer daily cash aids. This cash can be utilized to cover the charge of the transit or other urgent requirements of the person attending the patient.
    • Several health insurance companies provide restore benefit feature under family health insurance plan. This innovation helps to bring back the basic plan cover in case the coverage gets expired. However, restore benefit is applicable only for extraneous claims
    Day care treatments are the medication that does not require more than 24 hours of hospitalization. For example, medical charges related to cataract which can be treated within few hours