What is Family Floater option in Health Insurance?

Family floater health insurance policy is the one where the sum insured can be utilised by any of the family members mentioned in the policy copy. In simple words, the sum insured floats and any member of the family can use it to get the hospitalization benefits. It is a kind of umbrella coverage available in the health insurance policy where the sum insured is not fixed on an individual basis. For instance if you take a floater health insurance policy of Rs.5 Lacs anyone in your family can use the whole sum insured without any capping on the sum insured per person.

How to buy Health Insurance for Family?

Buying health insurance online in India is not a difficult process. One can easily find the right insurance plan for them by comparing policies online. But before buying it, one has to clear some basic eligibility criteria. 

Buying a health insurance policy is one of the most important decisions that a person has to make. The first step is to do your research. Find out what your options are and what they offer in terms of coverage and costs. You should also compare the different policies available in your area, so you can find the best one for you and your family.

For applying for health insurance online in India first go to our portal and fill in the required details after hospitalization, policy details and purchase the policy. Follow these steps before buying the health insurance policy:-

• Sum Insured
• Cumulative Bonus
• Cost of Health Check-up
• The minimum period of stay in hospital
• Pre and post hospitalization expenses
• Cashless facility

How do I buy health insurance for my family?

You can buy health insurance for your family by choosing a Family Floater Plan. This type of policy covers your spouse, children, and sometimes dependent parents under a single sum insured. It is usually more cost-effective than buying individual policies for each member. When purchasing, ensure the sum insured is sufficient for the entire family. You will need to provide age proof and medical history for all members included in the plan.

Which is the best medical insurance policy for family?

The best medical insurance policy for family members is usually a family floater that covers everyone under one sum insured. Policies such as Star Family Health Optima or ICICI Lombard Complete Health offer flexibility for growing families. These plans often include benefits like newborn baby cover and automatic restoration of the cover amount. Check if the policy allows for the inclusion of dependent parents or parents-in-law. Be aware of waiting periods for maternity and specific surgeries.

Which is the best health insurance policy for family?

A family floater plan is often the best health insurance policy for family units due to shared sum insured benefits. Plans like HDFC ERGO Optima Secure or Care Supreme provide extensive coverage for spouses, children, and sometimes parents. These policies typically offer restoration of the sum insured if one member exhausts the limit. It is important to check the age eligibility for dependent children and renewal terms. Look for plans that include maternity and newborn cover if needed.