Advantages of a Family Floater Health Insurance Plan

Posted on: Jul 31, 2019 | 3 mins | Written by: HDFC ERGO Team

Advantages of a Family Floater Health Insurance Plan

A family floater health insurance, as the name suggests is a plan that is tailor made for families. It is similar to individual health plans in principle; the only difference is that it is extended to cover your entire family. This acts as an umbrella of coverage for the entire family and therefore the name.

A family floater health insurance is one of the best options when it comes to safeguarding the health of your loved ones. Since it is single policy offering family benefit, it relives you from the task of maintaining and keeping track of several health insurance policies & offers affordability also.

The other benefit ; one can get from a family floater health insurance plan is that, in case one of the family member gets sick and has to be hospitalised, the total sum insured of the policy can be utilised by the un-well member of the family for treatment. Needless to say a family floater health insurance has options with higher sum insured than individual health plans hence the coverage is relatively greater in the formers case.

Family floater health insurance plans usually covers the individual, spouse and children. However, some insurance providers do have provision to cover dependent parents, siblings and parents-in-law. Hence this kind of health insurance policies are becoming more popular because of the advantages it offer.

Before selecting from various family floater health insurance plans one must do a thorough research to ascertain which features and benefits will suit them the most. On the face of it, all policies look identical and therefore reading the fine prints is imperative as it may save your considerable amount of money spend addtionally to opt for better safeguards.

Guide and Benefits of Family Tax Planning for Married Couples

Why and how your family medical history can impact your health insurance premium

Buying Family Floater Health Insurance? Here’s What You Should Consider

New Diet Trends You Need To Watch Out For In 2022

All You Need To Know About Immune System And Boosting It