With increasing health care costs in India, health cover for family has become a necessity. A common man always faces a dilemma of choosing the best family floater health insurance plans for himself and his family. Customers today are looking for best products from family health insurance companies for parents as with age the probability of age related illnesses also increases and therefore one should compare health care plans provided by insurers.
Health insurance is available in India in two formats - An Individual Health Policy which caters to a separate health insurance policy for each of the family members and Family Floater Plans wherein the entire family is covered under one plan. The customer has the option to include self, spouse, children and parents thus getting a full family medical insurance coverage.
This genre of policy allows one cover amount for the whole family at comparable prices thus helping you resolve the dilemma of covering children for higher amount since children might have very low risk. There is one floating sum insured for all the family members and now a day's a lot of family health insurance companies are offering such plans to the consumer. In order to evaluate the best family floater health insurance plans for you and your family, certain parameters and benefits of family health insurance plans in India should be kept in mind
Family health insurance plans India give a policy holder an edge by not only making it easy for him to manage one policy but also provides him with family medical insurance with the following advantages:
Factors to consider: Family Floater Plans
Family floater mediclaim policy comparison can be done at policybazaar.com for your convenience as quotes from all leading insurers are available on one single platform.
What is a Family Floater Plan?
A family floater covers all the family members under one single plan. The sum insured is fixed and gets exhausted as and when any member avails medical services and makes a claim. The members coverable under a family floater can be the policyholder and his/her parents, spouse and children.
Why Family Floater?
Buying a family floater proves to be cheaper than buying individual policies. Besides, a floater provides for adding the immediate family members such as newborns and newly wed spouse in the cover, without any hassles.
How does Family Floater works?
The sum insured in a family floater plan is fixed for a policy term and gets depleted, as and when any member avails medical services and files a claim. If it gets exhausted on one member during the policy term, any other member would not be able to make a claim till the policy is renewed at the end of the term.
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