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| Family Floater Health Insurance Products in India (for your entire family) |
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| Policy information of health insurance products for families including comparison rates, policy language, coverage etc. |
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| 8- Royal Sundram Alliance Insurance Co. Ltd : Family Floater Insurance |
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| Health Insurance for Individuals and Family |
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| Renewal Disclosures for Health Insurance Plan: |
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1. For this Health Plan premium will be charged based on the age band in the premium table and is subject to a maximum increase of 25%. Any further increase is subject to IRDAs approval.
2. In case of a claim during the expiring policy then the renewal premium will be loaded as per the following grid Ratio of |
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Claims to Premium |
Loading % |
Upto 400% |
Nil |
400% to 800% |
25% |
800% to 1200% |
50% |
1200% to 1600% |
75% |
Above 1600% |
100% |
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3. Any change in the terms of cover during renewal shall be subject to IRDAs approval & a notice of 90 days before expiry of the policy shall be given.
4. The sum insured can be enhanced at the time of renewal upto a maximum of 100% of the expiring sum insured if there are no claims lodged / paid during all years of insurance and the age of the insured person is under 45 years. Such increased sum insured shall however not be applicable for treatment of diseases contracted prior to such increase and also in respect of any pre-existing diseases at the time of enrolment under this policy. However the quantum of increase shall be at the discretion of the company. |
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