5 Reasons Why Newlywed Couples Should Consider Family Health Insurance

Marriage marks the beginning of a new journey filled with shared goals, responsibilities, and future planning. While newlywed couples often focus on building a home, managing finances, or planning vacations, securing health coverage is equally important.

Medical emergencies and rising healthcare costs can create unexpected financial stress, especially during the early years of marriage. This is why opting for a family health insurance plan can be a practical and financially sound decision for couples starting their life together.

ফ্যামিলি হেলথ ইনস্যুরেন্স কী?

Family health insurance is a type of insurance plan that includes all members of a family under a single policy. For individuals, there are specific health plans, whereas family insurance includes the spouse and children of the policyholder, making it a one-stop solution meeting the medical needs of the family.

This type of insurance plan typically includes surgeries, hospitalisation, preventive care and others, ensuring to protect your family from unexpected high medical bills.

According to the Ministry of Health and Family Welfare, the out-of-pocket expenditure in the healthcare sector has reduced from 62.6% during 2014-15 to 39.4% in 2021-22 in India. This showcases the importance of choosing health insurance to minimise the medical expenses in future.

Why Newly Married Couples Should Buy Health Insurance?

With the following points, newlywed couples can better understand why a family health insurance plan is the ideal option:

1. Affordability

Many people are not sure about buying health insurance, often due to the expenses involved in the process. With family health insurance, the expenses may become manageable to an extent. If Isha or Rahul were to buy separate individual health insurance plans for themselves and their family members, the total premiums of all the plans would be quite high.

On the other hand, a family health insurance plan that covers various family members may prove to be somewhat affordable compared to multiple individual plans.

2. Easily Manageable

Opting for a single-family health insurance plan for all family members can make it easier to manage the policy. If you are a newlywed, you may not want to go around shopping for multiple plans, paying their premiums, ensuring their timely renewals, and so on. With a single-family health insurance plan for all, things tend to be easier to manage.

3. কর ছাড়ের সুবিধা

The Income Tax Act of 1961 allows tax deductions against health insurance premiums under Section 80D. The maximum deduction one can gain under this section against premiums paid for self, spouse, dependent children, and parents is ₹25,000. If the parents are over 60 years of age, the limit can increase to ₹50,000. **

So, by paying for a family health insurance plan, you can enjoy tax benefits as well as ensure medical coverage for all.

এছাড়াও পড়ুন: হেলথ ইনস্যুরেন্সে রাইডার এবং অ্যাড-অন কভারের মধ্যে পার্থক্য

As soon as you marry, you take on the responsibility of managing finances jointly with future planning. Amidst these, gaining access to comprehensive insurance becomes equally important. Here comes the importance of choosing a family health insurance, offering comprehensive coverage for each member of the family under a single plan.

Following this, Isha and Rahul, being newly married, can manage their healthcare needs without handling multiple policies. With features of a single premium payment and a high sum insured, family health insurance is a convenient solution for health. Also, ensures safeguarding both partners against unexpected expenses during medical emergencies.

5. Maternity Related Coverage

If you are planning for parenthood, ensure adequate maternity coverage and keep it as a priority. Choose the best health insurance plan in India offering benefits of comprehensive maternity that includes childbirth, prenatal care and postnatal care. This kind of coverage ensures expecting mothers receive adequate medical assistance without facing financial burden.

Also, choosing maternity coverage during pregnancy is essential as it reduces financial stress and lets the couple experience the joy of parenthood. This way, couples can stay stress-free and welcome a new member of family with ultimate focus and mental peace.

এছাড়াও পড়ুন: জিএমসি এবং জিপিএ ইনস্যুরেন্স পলিসির মধ্যে পার্থক্য

Factors to Consider While Choosing a Family Health Insurance

While you are choosing a family health insurance plan, here are the essential factors to consider to select the right plan that aligns with your needs:

1. Amount of Coverage: To find out if the insurance amount is adequate to cover necessary medical bills for your whole family, check the amount of coverage available.

2. Network Hospitals: Look into the detailed list of network hospitals where there is availability of cashless medical treatment facilities.

3. Premiums: Make sure to consider the premium amount of policies to determine your affordability and choose the appropriate policy.

4. Exclusions of Policy: Before finalising a policy, go through the policy exclusions to prevent missing the payment deadline for a claim.

5. Renewability and Tenure: Make sure the policy provides lifetime coverage of renewability, and go through the terms and conditions of policy.

6. Claim Settlement Ratio: To determine the effectiveness of an insurance company in handling claims, check the claim settlement ratio.

Most importantly, insurance penetration in India is still 3.7% during FY 2024-25, which indicates a large section of the underinsured population. They are still deprived of financial assistance during medical emergencies.

To secure your family’s future, choose the Family Health Care (Silver) plan from Bajaj General Insurance and avail benefits of cashless hospitalisation, network hospitals, maternity coverage and others.

উপসংহার

Starting a new life together also means preparing for life’s uncertainties together. A family health insurance plan can help newlywed couples manage medical expenses, access quality healthcare, and build long-term financial security from the very beginning of their journey.

With rising healthcare costs and evolving lifestyle needs, investing in the right health insurance policy can offer both protection and peace of mind. Choosing a suitable plan early can also help couples enjoy broader coverage benefits and stay financially prepared for the future.

  *নিয়ম এবং শর্তাবলী প্রযোজ্য. **করের সুবিধাগুলি প্রচলিত কর আইনের পরিবর্তনের সাপেক্ষে হয়.  ইনস্যুরেন্স হল একটি আগ্রহের বিষয়. লাভ, বাদের তালিকা, সীমাবদ্ধতা, নিয়ম এবং শর্তাবলী সম্পর্কে আরও বিস্তারিত তথ্যের জন্য, অনুগ্রহ করে সেলস সম্পন্ন করার আগে বিক্রয় সম্পর্কিত ব্রোশিওর/পলিসির শব্দাবলী সাবধানে পড়ুন.

প্রায়শই জিজ্ঞাসিত প্রশ্নাবলী

What is the meaning of a no-claim bonus in family health insurance?

A no-claim bonus raises the sum insured option every year if there are no claims filed by policyholders. This also provides additional coverage at no additional cost.

Is it possible for newlywed couples to customise their family health insurance plan?

There are many insurers allowing couples to customise health plans and enhance specific coverage, which includes maternity benefits, critical illness and others.

Are parents allowed to include under a family health insurance cover?

Many family health insurance plans allow parents to include. Though this varies from one policy to another and insurers.

অস্বীকারোক্তি: এই পেজের বিষয়বস্তু জেনেরিক এবং শুধুমাত্র তথ্যমূলক এবং ব্যাখ্যামূলক উদ্দেশ্যে শেয়ার করা হয়. এটি ইন্টারনেটের বিভিন্ন মাধ্যমিক উৎসের উপর ভিত্তি করে এবং পরিবর্তন সাপেক্ষ. কোন সম্পর্কিত সিদ্ধান্ত নেওয়ার আগে অনুগ্রহ করে একজন বিশেষজ্ঞর সাথে যোগাযোগ করুন.

ইনস্যুরেন্স হল একটি আগ্রহের বিষয়. লাভ, বাদের তালিকা, সীমাবদ্ধতা, নিয়ম এবং শর্তাবলী সম্পর্কে আরও বিস্তারিত তথ্যের জন্য, অনুগ্রহ করে সেলস সম্পন্ন করার আগে বিক্রয় সম্পর্কিত ব্রোশিওর/পলিসির শব্দাবলী সাবধানে পড়ুন.