Cashless Mediclaim policies nowadays are available for the entire family. It offers comprehensive medical coverage to all the family members under the same policy. Generally, the term family implies one self, one’s spouse and dependent children. Dependent children refer to those kids who are dependent on their parents’ income.
The age of these dependent children can differ from policy to policy as different insurance provider may have different age criteria for dependent children. However, the general rule says that the dependent children will vary from the age group of 21 or 25. It is highly recommended to clarify this point before applying for the cashless Mediclaim policy for your family. Generally, in the case of family insurance the parents are not covered. The family Mediclaim policy is not different from other Mediclaim policy. To buy any policy, the most important responsibility is to go through terms and conditions of the Mediclaim policy in detail so that you can understand clearly what all is covered under the family insurance plan.
Although, the cashless Mediclaim policies for the families may differ from company to company, yet it is true that most of them will cover any medical expenses that are incurred during the time in which the patient being hospitalized or injured. The premiums of the cashless family mediclaim policy are also different according to the terms and conditions laid by the company. Therefore, it is imperative for you to go carefully through every clause of the cashless policy, before you sign it and get your entire family covered under it. No matter how affordable is your insurance policy, you need to stay abreast of all its terms and conditions. The family Mediclaim policy will thus bear any medical cost that may be incurred due to the treatment of any member of your family who is covered under the policy.
In recent years, mediclaim is a must for every individual. However, you can save money by opting for a family mediclaim policy instead of buying an individual mediclaim policy. Covering the entire family members under a single policy for a single sum is affordable and saves both time and money.
For your parents, you can avail cashless mediclaim policy up to the age of 60 years. If your gamily Mediclaim policy does not offer you the same, you can opt for a senior citizen mediclaim policy. Opting for the latter will give your parents the comprehensive coverage.
The premium of the cashless Mediclaim for family depends upon the various factors such as age of the person, size of the family and coverage offered under the policy. The premium cost also varies from company to company.
You will find a wide assortment of family mediclaim policies in the market that covers your entire family members. Offering a variety of benefits to ensure your family members, these policies are not too different from each other. Cashless Mediclaim policies for families, encompasses the cost of in-patient hospitalization treatment, pre hospitalization, post hospitalization, domiciliary hospitalization, day care procedures, ambulance charges, etc. Some of them are also available for critical illness.