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5 Reasons Why Newly-wed Couples Should Consider Family Health Insurance

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It is always a new beginning for a couple who are just married and have their dreams and goals set for the future. While everyone in the family is happy and planning for your wedding, it is important to make sure that you and your spouse are shielded from any health risks that may occur in the future. Family health insurance is an important resource providing families with protection, health benefits, and assurance. In this blog, we discuss family health insurance and outline five reasons why newly-wed couples should consider investing in it.

What is Family Health Insurance?

Family health insurance is a form of health insurance that covers all the members of a family under one policy. While there are specific health insurance policies for the self, family insurance covers the policy holder’s spouse and children, making it a one-stop solution for the family’s medical needs. This type of insurance provides for a broad spectrum of medical needs, from hospitalisations, surgeries, preventive care and much more, so that your family is protected from the high costs of unexpected medical expenses.

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5 Reasons to Consider Family Health Insurance for Newly-wed

Here are the top 5 compelling reasons for new couples to opt for family health insurance:

1. Comprehensive Health Coverage

Newly-wed couples often focus on their new life together, which can sometimes mean that health insurance takes a back seat. Family health insurance means that you get all-around coverage that is tailored to meet the needs of both partners. This comprises the costs of treating diseases, injuries, and day-to-day check-ups. This coverage helps both partners access any medical care they may require without the added pressure of high bills.

2. Financial Security

Health-related expenses can be a huge drain on the family’s finances, especially for young couples who are just starting their family. Family health insurance provides financial protection as it pays for most of the medical expenses, including visits to the doctor, prescription drugs, hospitalisation, and surgery. This coverage assists in the safeguarding of your money and assets so that you can concentrate on creating your future without the burden of medical bills.

3. Health Benefits and Preventive Care

Some of the family health insurance policies contain features that support preventive care. Annual physical examinations, immunisations, and other preventive services are usually included, which are useful in identifying and controlling possible diseases. It is important to take care of one’s health in the long run, and these services help avoid small health complications and make them big ones.

4. Coverage for Maternity and Newborn Care

Family health insurance is especially advantageous for young couples who are newly-wed couples and planning to start a family. Almost all policies have provisions for maternity, which entails prenatal, delivery, and postnatal care. Also, the insurance may include newborn care, which means that your baby will be cared for as soon as he or she is born. This coverage can help reduce the cost of pregnancy and childbirth so you can concentrate on meeting your new family member.

5. Peace of Mind

Another benefit of family health insurance is that it provides the policy holder with an added sense of security. It is comforting to know that both you and your spouse are protected in the event of a medical emergency or any health complications. This freedom helps the newly-wed couples to have a good time together without always thinking about what health complications they might face or how they will manage to pay for them.

Other Benefits to Look For

When selecting a family health insurance policy, there are additional benefits that can enhance your coverage:

  • Cashless Hospitalisation: Search for policies that allow cashless treatment at several network hospitals so that one does not have to pay for treatment upfront.
  • No-claim Bonus: Some policies come with a no-claim bonus, which is an addition to the sum insured for every year that the policyholder does not make a claim.
  • Ambulance Charges: Ambulance services are also among the health benefits that can be useful in emergencies.
  • Health Check-ups: Preventive check-ups for the family can also be added to the insurance policy.
  • Domiciliary Treatment: Some policies allow treatment at home if admission to the hospital is not feasible or required.

Factors to Consider While Selecting Family Health Insurance

When choosing a family health insurance policy, consider the following factors to ensure you select the best plan for your needs:

  1. Coverage Amount: To decide if the amount of insurance is enough to cover medical bills for the whole family, check the amount of insurance.
  2. Network Hospitals: Check the list of network hospitals where cashless medical treatment facilities are available.
  3. Premium Costs: Check the premiums of the various policies so that you can find one that you can afford and at the same time get the best policy.
  4. Policy Exclusions: It is also necessary to know what is excluded from the policy so that one does not miss the payment deadline for the claim.
  5. Renewability and Tenure: Ensure that the policy offers lifetime renewable coverage and consider the terms of the policy.
  6. Claim Settlement Ratio: The insurance company’s claim settlement ratio should be checked to determine how effective they are in handling claims.

Conclusion

Newly-wed couples should opt for family health insurance because it offers health coverage, financial security, and stability. It is recommended that couples should have a good family insurance policy so that their future is assured and they are able to get quality health care as they try to make their marriage happy. Take some time to study the different policies, find out more about the benefits of each, and choose the right one. Overall, your health, your spouse’s health, and your future family’s health are worth the investment in family health insurance.

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Frequently Asked Questions

Are preventive care services included in family health insurance?

Yes, many family health insurance policies include preventive care services such as annual physical exams, immunisations, and screenings to help detect and manage potential health issues early.

Cashless hospitalisation allows policyholders to receive treatment at network hospitals without paying upfront, as the insurer directly settles the bills with the hospital.

A no-claim bonus increases the sum insured for every year the policyholder does not claim, providing additional coverage at no extra cost.

Some family health insurance plans offer the option to include parents, but this varies by policy and insurer.

Many insurers offer customisable plans where couples can add or enhance specific coverages, such as critical illness riders or additional maternity benefits, to suit their needs.

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