What health insurance actually covers
Health insurance covers hospitalisation, day-care procedures and, in most modern policies, pre- and post-hospitalisation costs for a defined window.
The cover in plain terms
Hospitalisation, day-care procedures and, in most modern policies, pre- and post-hospitalisation costs for a defined window.
What it does not cover
Every policy has exclusions, and they are the part worth reading twice. Look specifically for waiting periods, sub-limits, co-payment clauses and anything described as "reasonable and customary charges" — that phrase is where claims shrink.
Where it sits in the family plan
Insurance is not an investment and should not be judged like one. Its job is to stop one bad event from undoing years of saving. Buy for the catastrophe you cannot fund yourself, and self-insure the small stuff.
Where FamTally comes in
FamTally holds every policy the family has — health insurance included — with sum assured, premium, frequency, renewal date and the members it covers. It totals your cover so gaps are obvious, puts premiums into your monthly cashflow, and reminds you ahead of each renewal. Free to use.
Stop doing this in a spreadsheet
FamTally keeps your loans, income, expenses, assets, insurance and goals in one place, forecasts five years ahead, and answers questions about your own numbers. Free, and built for Indian families.
Start freeQuestions people ask
What does health insurance cover?
Hospitalisation, day-care procedures and, in most modern policies, pre- and post-hospitalisation costs for a defined window.
How much cover should we take?
A family floater sized at roughly ten to fifteen times monthly income, with a super top-up stacked on for the catastrophic layer.
What happens if it lapses?
Annual, and lapsing even briefly can reset waiting periods for pre-existing conditions — the single most expensive administrative mistake in Indian personal finance.