Types of Family Health Plan

A family health insurance policy offers coverage to all family members subject to the policy terms. Based on the types of health coverage offered, a medical coverage plan can be extensively characterized into two categories mentioned below:

Medical Insurance:

A medical insurance policy normally repays the hospitalization cost subject to healthcare treatment. The insurance agency bears the cost as cashless treatment or reimbursement.

Critical Illness Insurance:

This type of family health policy covers a policyholder against unending ailments like heart attack, stroke, kidney failure etc.

Subject to policy coverage, the insurance agency pays the whole total guaranteed amount to the policyholder as a single amount. However, critical illness insurance cannot be purchased as a single policy for for the whole family.