Well, in the present time, health insurance policies are primarily of two kinds, which are individual health insurance and that of family health insurance. Talking about the individual health insurance plans, as the name says it all, it offers protection only to a specific person. You can simply purchase one for yourself or even for your partner.
On the other side, a family policy is the type of policy that covers the full family under a single-family type of floater plan. Yes, it would mean that you don’t need to purchase multiple insurance policies for your family members. And once you look for the best family floater health insurance plans in India, you would surely find one that is the most suitable for your family.
What do you understand about a family floater health insurance policy?
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A family floater health insurance plan is a kind of health insurance under which all your family members may be covered by paying just a single premium. In case there are diverse types of claims at the same time, the sum assured is going to be split amongst all family members.
This health policy is absolutely beneficial in case you have more than two members of your beloved family. The family floater health insurance plan is quite cost-effective as you can simply cover all the family members that too in a single premium. Of course, you can do the calculations and you would agree too.
Quick benefits of family health insurance?
Well, should you go for a family floater plan or that of an individual plan for every single family member? Are you scratching your head already? Well, the final decision ultimately boils down to your personal requirements and of course preferences. However, family floater plans include many benefits over an individual health insurance policy. A few of these benefits are as under:
Convenient to manage
One of the finest parts about a family health insurance policy is that it is going to save the hassle and trouble of maintaining multiple or different policies. Indeed, the single policy covers your entire family under one plan, even including the extended family and in some cases even your in-laws.
Quite an affordable option
Well, a family floater health insurance plan is a lot more cost-effective if you compare it to that of an individual policy. These plans generally offer a huge sum insured that too at a much lower premium as opposed to individual health insurance policies. So, you can be sure that you get a good, impressive insurance plan that too in an amount that is not too high.
Higher sum insured
The sum insured to cover for the whole family is generally higher than those offered for individual plans. This is going to ensure that if two people fall sick at the same time, there is not going to be a shortage of funds. It is certainly one of the best perks of a family floater plan for health.
So, it is now your decision to make. You need to be confident about what exactly you want for your family and yourself.