Things You will Get Under Religare Family Floater Plan


Recently, the numbers of health insurance seekers have been increasing dramatically, and for obvious reasons. The fast-paced lives and increasing health conditions have taken over our health and no matter how healthy lifestyle one adopts, people as young as 40 years are now suffering from chronic diseases. This is where your health insurance plan can come to rescue at least from the financial burden while taking treatment to get rid of the health problems. In India, we mostly think about our loved ones before anything, which may be the reason why family floater health plans are more popular than individual health insurance.

Overview of the Family Floater Insurance Plan:

As the name refers, a family floater plan is for the entire family, which covers atleast 6-8 people in the family for a single annual premium. The sum insured for such plans will be on a family floater basis in which each of your family members will be covered from medical emergencies, treatment expenses and hospitalization expenses etc. If the family health history is good, then it makes more sense to get a family floater plan than an individual plan, which only helps an individual in the time of health emergencies.

Talking about a health crisis, Religare Health has become one of the leading health insurance providers in India, offering a wide range of benefits, whether for individual or family floater plans.

Promoted by Religare Enterprises Ltd. and other shareholders, Religare health aims to deliver the most preferred health plan provider in India which is known for cost-effectiveness, innovative plans and easy access.  Before you get to know the features of Religare family health insurance plan, here is the eligibility and other criteria you need to know:


Minimum Maximum
Sum Assured 2,00,000 Lakhs 60,00,000 Lakhs
Policy Term 1 Year 3 Years
Entry age 91 days No age bar
Renewal age Lifelong Renewability
Waiting period 30 days for illness (injury excluded)
Waiting period (pre-existing illnesses 4 years maximum
Grace period 30 days Maximum


Major Coverage Features of Religare Family Floater Insurance

  • The plan covers a maximum of 6 members of the family including 4 adults and 2 children.
  • As mentioned above, Religare Health offers a lifelong renewal of the policy keeping you stress-free while having a health emergency.
  • Pre-hospitalization cover for 30 days prior to the admission and 60 days of post-hospitalization for related medical expenses is provided by the plan.
  • Free health check-ups ad hospital allowance for the insured and his family members.
  • Pre-existing diseases are covered up to 4 years of the waiting period.

Benefits of Religare Health Insurance Plan for Your Family:

Wide Networks: Having more than 4200 leading network hospitals across India, Religare offers quality health care treatment to the insured and his or her family.

No Claim Bonus: For specific policy and time period, you can get up to 150% No claim bonus for every year without raising a claim in the form of premium benefits or bonus amount.

Claim Settlement Ratio: The claim settlement ratio of Religare health insurance for the year 2017-18 has been 51.97%, which means you get a hassle-free and fast claim settlement procedure when needed.

Affordable insurance

Family floater policies by Religare offer a sum assured which is shared across members of a family. If there are various illnesses in the family, then the sum assured can be divided among the family members, but you just have to pay the premium once, which make the plan affordable and smart

Tax benefits

Premiums given for Family Floater can benefit from tax discounts under section 80D of the Income Tax Act. You can ask for the detailed information from your policy agent so that you can be clear about the amount you going to save.

Cashless treatment

Family floater enables the insured to be treated cashless at any listed network hospital. You do not need not pay a high consultation fees, hospitalization fee, staying with the parent fees, and so on. Cashless treatment by Religare Health can cover all the expenses while cashless claim procedure.

Religare Health Add On Covers

Apart from all the major benefits Religare offer you add-ons which are super beneficial for each member of your family:

  • Under NCBS, you can expand your sum insured amount by 50% for every claim free year. This becomes up to a sum assured of 150% in 5 years.
  • Religare provides 1% of your sum Insured for routine doctor consultation & diagnostic examination.
  • Unlimited Automatic Recharge – Restoration of the policy if the sum insured exhausts in the policy year.
  • Religare provides air insurance cover for emergency cases.
  • Personal Accident Cover along with a global coverage cashless treatment when you choose a listed hospital from the network hospitals of Religare Care.
  • International Second Opinion: Allowance in case you require a second consultation before starting the treatment.

Now that you know how Religare health insurance plan for your entire family will help you in a medical emergency, you can choose a suitable family floater plan from the wide range offered by Religare Health Insurance Company.


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