I am 42 and I want to take a family medical insurance policy (2 adults+1 child). My yearly earnings is around ₹4-5 lakh. Kindly suggest me good policy with a minimum premium and good insurance company which respond well in time of need.
- Hari Haresh
ICICI Lombard iHealth and Apollo Munich Easy health are two suitable policies. You may opt for either of the policies.
Apollo Munich Easy Health Standard' covers inpatient hospitalisation expenses. In addition, it allows a health check up after four continuous claim-free years. There are no sub-limits in case of inpatient treatment. Cover for Ayurveda, Unani, Sidha and Homeopathy is an added advantage.
ICICI Lombard iHealth provides for inpatient hospitalisation expenses This plan can be extended to include any one or both the add-ons by paying extra premium. First add-on allows hospital daily cash to meet subsequent expenses and convalescence benefit for recovery. Second add-on can cover critical illness and donor expenses. A policyholder can select any one or both of these options to modify the policy to suit their needs. It also offers to opt for sub-limit if you wish to reduce your premiums.You need not go with sub-limits option.
Here are the premiums for family floater policies at your age. Apollo Munich offers a flat discount of 7% on paying two year premium and ICICI Lombard offers 10% discount for the same.
| Sum Insured | 5 lakh | |
| 1 yr premium (₹) | 2yr premium (₹) | |
| Apollo Munich Easy health- Standard | 17374 | 32142 |
| ICICI Lombard iHealth Plan | 14144 | 25459 |
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