Family Floater Health Insurance
covers the entire family for a fixed cover and one premium. Generally
two adults and two children are covered by family floater health
policy. As it covers the entire family, therefore, any member can use
the amount any number of times.
Advantages of Family Floater Health Insurance in India-
It is less costly than Individual policy.
It saves money as the cover is spread across all family members.
It is a good policy especially in case of small families with low health risk.
If there is one claim made in a year, the family will get a higher claim amount compared to what he will get under individual health policy.
Disadvantages of Family Floater Health Insurance in India-
It excludes sisters, brothers and doesn’t cover children above 25 years.
If there is more than 1 claim in a year, the other family members will get less money.
It is valid till the person will turn 65 years or the maximum renewability age.
Eligibility-
Children up to 25 years of age can be covered under the plan.
The insured person should be between 3 months-76 years of age.
The calculation of age will be done on the date the policy will be issued.
What covers under family floater are-
Surgery
Accident
Pre and Post-Hospitalization Expenses
Hospital Daily Allowance
Anesthesia
General Health and Eye Examination
Local Ambulance Services
What does not cover under policy are?
Cold, Cough, Flu, Viral fever, Malaria, TB etc., which are treated at home.
Treating of
illness at home by consulting doctor in your locality or even a
doctor from the hospital.
Advantages of Family Floater Health Insurance in India-
It is less costly than Individual policy.
It saves money as the cover is spread across all family members.
It is a good policy especially in case of small families with low health risk.
If there is one claim made in a year, the family will get a higher claim amount compared to what he will get under individual health policy.
Disadvantages of Family Floater Health Insurance in India-
It excludes sisters, brothers and doesn’t cover children above 25 years.
If there is more than 1 claim in a year, the other family members will get less money.
It is valid till the person will turn 65 years or the maximum renewability age.
Eligibility-
Children up to 25 years of age can be covered under the plan.
The insured person should be between 3 months-76 years of age.
The calculation of age will be done on the date the policy will be issued.
What covers under family floater are-
Surgery
Accident
Pre and Post-Hospitalization Expenses
Hospital Daily Allowance
Anesthesia
General Health and Eye Examination
Local Ambulance Services
What does not cover under policy are?
Cold, Cough, Flu, Viral fever, Malaria, TB etc., which are treated at home.
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Family Good Health is a comprehensive Health Insurance Plan designed to offer complete protection to you and your family against sudden illness, accidents and unexpected hospitalization. Family Good Health is offered both as an Individual Plan and as a Family Floater Plan.family floater health insurance
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