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Family Floater Health Insurance Products in India (for your entire family) |
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1-What is the Concept of Family Floater Health Insurance? |
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As a family you can choose sum assured for every family member say Rs. 1 lakh and can have discount if the family size is more than 2.In this case every family member can lodge claim to maximum limit of Rs 1 Lakh.If the family comprises of 3 family members then each member can claim only Rs 1 Lakh. |
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Alternatively you can go for Family Floater which means that all 3 family members can be covered for agreed amount say Rs 3 Lakhs .In this case any or all family members can lodge as many claims but total claim payable during the year for the whole family will not exceed Rs 3 Lakhs. |
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Family Floater will generally cost 40 % cheaper than normal policy as explained above .This is the reason that this product is becoming popular. |
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