As medical expenditures are sky rocket with every passing year, healthcare insurance is fast becoming a must for every household. As the need for healthcare insurance is becoming evident, almost all of us are faced with one question – What would be the best health care plan for my family? On what parameters should I chose the same? Lets start with the type of Medical insurance plans. There are three main type of Healthcare insurance plans, namely:
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
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Among the above 3 options, floater plans suit a family more than any other plans. There are certain reasons for the same.
However, there can be a few drawbacks to family floater plans too. The price of family floaters generally depends on the age of the eldest member of the family. As the age of the eldest member rises above 48-52 years, the premium can shoot up. Also, many insurance companies do not accept a 20 years above individual as children.
In that case, a family floater plan which has 2 adult and 2 children make wont be suitable. Hence, the family floaters are generally seen as the most suitable for young families. It is generally seen that a family floater plan can reduce the premium range by 55% if bought at the right stage and time.
Before you go ahead and purchase a family floater, here are some points you should pay attention too:
For your reference, we have tried to collate information for family floater plans provided by major Indian insurance players. Do check them out but before you buy a policy based on below information, we recommend you check the details with the concerned company representative also. Happy reading!
Disclaimer : *Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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