United India Health- Family Medicare Policy

Objective

This policy aims to cover all family members under a single policy and  reduce multiple policy handling costs and efforts.

Suited for

This policy is suitable if you are looking for a single policy to cover your family.

What does it do?

It works like any other floater health insurance policy that provides medical expenses incurred in treating a covered ailment. A floater cover is beneficial as any insured family member can use the cover if need arises,  up to maximum of the sum insured. The policy also pays a daily cash benefit of Rs 250 or 500 on paying extra premium. Daily cash allowance can be used to pay for any other daily expenses which are not covered under the policy.

Pros

This policy can be bought online through company's website and premium paid is eligible for tax benefit under section 80D of the Income Tax Act.

Cons

There are sub-limits on room rent, boarding and ICU charges.
A 10 per cent deductible is applicable on all admissible claims for persons above 60 years of age. Deductible is the amount that the insured will have to shell out of his pocket before the insurance company pays the claim.

Our View

This family floater gives a basic coverage for hospitalisation expenses along with sub-limits on certain benefits. However, it is fairly priced for the  benefits offered. A policy without any sub-limits is preferred over policies containing limits. So, if your budget allows, consider other policies without sub-limits.