Covers Upto 15 Relationships
Protect your complete family. Compare and find the best family floater health insurance plan at PolicyBazaar.
  • Compare Family Plans from Top Insurers
  • Lowest Premium on Family Floater Policy
  • Instant Family Floater Plan Online

About the Product

Compare and Buy the Best Family Floater Plan

A family floater health insurance plan, as the name itself suggests, is an insurance plan that is tailor-made for families. It is quite similar to the individual health plan with an add-on benefit of providing health coverage for the entire family.

The customer has the option to get a full family medical insurance coverage that includes self, spouse, children and parents. A family floater is the best insurance plan when it comes to safeguarding the health of your loved ones. Since it is a single policy for the entire family it relieves you from the task of buying and maintaining several health insurance policies for each family member. Usually, family floater health plans offer coverage to individual, spouse and kids. However, there are some insurance companies that offer family health plans to cover siblings, parents and in-laws also. Family Floater health insurance plan is best choice when you want to cover Parent’s health insurance, spouse and kids insurance in one health insurance plan.

The concept of family health insurance plan is gaining immense popularity among individuals. In addition, with over 30 general insurance companies offering health insurance plans in India, choosing a best family floater health plan is no more a daunting task.

Easy access to internet is not only adding to one’s comfort of buying  family floater health plans, but it is also adding more responsibility on individuals to learn all intricacies of the health insurance plans before making a final decision.

Understanding Family Health Plan

Here are a few important FAQs that people usually consider before buying a plan. Go through them to resolve any confusion you might have regarding a health plan.

What is basic health coverage for family floater?

While making a comparison of different health insurance plans, it is important to make a list of basic health coverage offered under the policy. Almost all health plans offer daycare expenses, in-hospitalization expenses, ambulance charges, etc. If you are planning for a child, you should go for the health plan that covers insurance for new born baby or simply add the baby as beneficiary to your existing family floater plan. Also the policy comparison should be done keeping in mind your coverage for pre existing diseases, lifestyle and exclusions during the first 30 days of the policy.

What is the maximum age of renewing the mediclaim policy? 

Many health insurance companies offer policy renewal till 60-65 years. Nowadays, some health insurance companies also offer lifelong renewal facility. Make sure to choose the family floater health plan that would protect you when you need it most.

Can I increase the sum insured of a family floater plan? 

The living costs never remain same, so is the cost of medical treatment. Most insurers offer the facility to upgrade the sum insured in the coming years.   Sometimes, when you renew timely and have No Claim Bonus the insurance provider company will reward you by increasing the amount of sun insured.

What is the claim reimbursement procedure in family floater mediclaim policy? 

Although, all health insurance companies follow the same claim process as directed by the insurance regulator but there might be some differences in aspects of each company’s functionality. Before buying any health policy, make it a point to explicitly understand the company’s claim filing and settling process.   Many companies these days offer cashless hospitalization so no hassle about collecting documents and filling them.   

Do health plans under family floater insurance plan offer cashless hospitalization? 

Nowadays, almost every health insurance company is offering cashless hospitalization in their network hospitals. This makes the hospitalization process seamless and hassle-free. However, it is imperative to cross check the same to ensure that names of good hospitals are included in the list.

What are the exclusions of the family floater Mediclaim Policy? 

Before buying a family floater health insurance you must thoroughly read the policy documents to understand the exclusions of the insurance policy. Also make sure to understand different clauses mentioned in the insurance policy like pre-existing disease, cashless hospitalization, waiting period, etc.

Advantages of a Family Floater Plan

This health plan is a comprehensive one wherein under one plan you can cover the complete family. This plan is suited for huge families where members vary hugely in age like a child and a grandparent. You can put all the members, irrespective f their age, under one plan umbrella.


A family health insurance plan in India is the best way to safeguard the health of your loved ones. Since it is a single policy that covers the entire family, it relieves you from the task of maintaining and keeping track of different health policies. By choosing family floater health plans, you can get rid of the need of paying premium separately for every family member. In this way, you can get all your family members eligible to get medical attention without compromising on the treatment.

Avail Discounts on Family Health Plan

Under the family floater, you can avail discounts and incentives that policies usually offer. Based on certain parameters it allows a person to enjoy discounts accordingly. Family health insurance plan is an easy way to plan for a secure future.

Easy To Add New family Members

In this mediclaim plan it is easy to add a new family member. With an individual cover, a fresh policy needs to be taken every time there is an addition to the family. In case of the unfortunate demise of senior-most member of the family, other members of the family can continue with the floater without losing any benefit. This is one of the biggest benefits that a family floater health plan provides.

Includes Parents Insurance and In-Laws too

Many of the insurers provide an option to include parents-in-law with little extra cost, making it the best health insurance for parents of both sides of a family.

Continuous Policy Cover

Many insurers have now give an option of 2 years policy cover. This allows a continuous hassle free coverage without any increase in premium for the selected tenure.

Attractive Features

Features like maternity and new born baby cover make it an attractive option for young couples. These features generally come with a waiting period.

Tax Benefits

Insurance premium paid in any mode other than cash is eligible to get relief under Section 80D of the Income Tax Act. .Now you can avail a total of Rs 55,000 as tax benefit which includes Rs25,000 for yourself and Rs 30,00 for parents or senior citizens in your family.

Why Buy Policies Family Mediclaim Policy Online?

There is no dearth of mediclaim policies in India and choosing a one is a difficult task. Save your time and energy by comparing different family floater mediclaim policies at PolicyBazaar as quotes from all leading insurers are available on one single platform. When you buy online you will get transparent dealing, correct recommendations and hassle-free buying.

Make an informed choice by comparing the policies side by side!


Expert Speak

News / Media

Frequently Asked Questions

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.

Documents Required (if any)

  • Age Proof, Identity Proof and Address Proof of all the insured members.
  • Income Proof of the policyholder
  • Duly Filled Proposal Form
  • Some plans may require the insured members to undergo Medical Tests


Product Information

 What's New

How helpful was this page?
Average Rating / 5 ( reviews)

Hear our customers

Thanks for providing me prompt service. Himanshu Agarwal -

I am glad to inform policy bazar that as of now i.e. upto the stage of getting the policy am quite satisfied with you service I have got from you for the issuance of the policy Mamta Dalmiya -

I applied for a health insurance via policybazaar. I received up-to-dates from time to time and a proper response for my enquiries. Good service. Thanks Nikitha Reddy -

Our partners
  • aegonlife
  • apollo
  • Aviva
  • Bajaj
  • baxa
  • cigna
  • edelweisstokio
  • exidelife
  • hdfcstandard
  • indiafirst
  • idbi
  • iffco
  • indiafirst
  • Kotak
  • liberty
  • lic
  • L&T
  • metlife
  • Max-Bupa
  • maxlife
  • Reliance
  • religare
  • royal
  • sahara
  • sbilife
  • star-health
  • Tata-Aia
  • Tata-Aig
  • Future Generali
IRDAI Web aggregator License No. 06 License Code No. IRDAI/WBA21/15 Valid till 13/07/2018 Insurance is the subject matter of solicitation. Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the Insurer © Copyright 2008-2015 All Rights Reserved.