Family Health Insurance | Combine this way
Family health insurance
Typically, when selecting health insurance for your family, you might consider a Family Floater plan. However, it's advisable to opt for separate insurance for your parents due to several reasons:
1. Premiums are determined based on the age of the eldest family member, leading to higher overall costs.
2. With a combined coverage, the entire sum assured, such as 5 lakhs, is utilized for the entire family.
3. Elderly individuals often experience more frequent health issues, potentially exhausting the coverage available for other family members.
4. By maintaining separate policies, you can preserve the possibility of accruing a no-claim bonus and expand coverage as needed.
5. Additionally, having multiple policies allows for tax exemptions of up to ₹75,000 annually.
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