Full formMedical & Health
FHPstands forFamily Health Plan
Full Form of FHP
What is FHP?
Family Health Plan (FHP) is a type of health insurance policy designed to cover the medical expenses of an entire family under a single sum insured. In India, FHPs are widely offered by both public and private insurers to provide financial protection against hospitalization, surgeries, and pre- and post-hospitalization costs. Unlike individual plans, an FHP allows all family members—including spouse, children, and sometimes parents—to share the coverage amount, making it a cost-effective option for households. These plans are particularly popular among salaried employees and are often included as part of employer-sponsored group health coverage. FHPs may also offer add-ons like maternity benefits, newborn cover, and wellness check-ups. They are primarily used when purchasing health insurance for families, during company benefit enrollment periods, and in retirement planning. For competitive exams like IRDAI Assistant Manager or banking exams, questions on types of health plans, including FHP, appear under insurance awareness sections. Understanding FHP is essential for anyone seeking comprehensive health coverage while managing premiums effectively.
FHP का फुल फॉर्म
परिवार स्वास्थ्य योजना
Example
After comparing several options, we decided to buy an FHP from New India Assurance because it covered our entire family for both cashless hospitalization and maternity expenses.
FHP — frequently asked questions
What is the full form of FHP?
FHP stands for Family Health Plan, a health insurance policy that covers medical expenses for all members of a family under a single sum insured.
How is FHP different from an individual health plan?
An FHP covers multiple family members under one sum insured, while an individual plan covers only one person. FHP is often more affordable but the amount is shared among members.
Is FHP eligible for tax deduction under Section 80D?
Yes, premiums paid for an FHP are eligible for tax deduction under Section 80D of the Income Tax Act, up to specified limits for you, your spouse, and children.