The Family Floater Health insurance plan, as the name itself signifies is an insurance plan which is especially made to cover families. The features of this plan are quite similar to the individual health plan, the add-on feature of the family floater insurance plan is that it provides complete health coverage to the whole family.
In this plan the insured can provide coverage to his family, including self and spouse, parents and children as well. It is the best policy when it comes to provide coverage to your loved ones. This single policy will cover all the members of the family, thus it reduces your task of buying numerous health plan for your loved ones and manage it regularly. Basically the family floater plan provides coverage to the insured, his/her spouse and children, but there are some plans available which offer coverage to your siblings, parents, and in-laws as well.
Nowadays the family floater health plan has gained increased popularity. There are around 30 companies which are offering health insurance plans in India, buying the best floater plan among these insures is not a tough task as we have the comparison services which makes it more easier for you to compare and buy.
Apart from basic features such as health coverage to the whole family under a single plan, suminsured amount floats for all the members, no medical examination for persons up-to the age of 60 years, which varies from insurer to insurer, day care treatments etc are some vital features of this plan.With the help of this plan, policyholders would get coverage on:
Medical Expenses in case of Hospitalisation: the policyholder will get the coverage on every medical expenses related to the hospitalization. This will include inpatient charges, boarding expenses, nursing care, medical consumables, necessary treatment, etc
In India, after the liberalization of the health sector, more than 20 private companies and some government insurance companies are taking care of providing health coverage for individuals and families. It has become vital to have health coverage for the family members due to the rising costs of medical treatment. Now many insurers are offering the options of having health coverage for parents, sibling and in-laws under a single plan. If the customer purchases the family floater plan, then it becomes necessary for the insurer to provide health coverage to the family of the insured. When it comes to the corporate world, many companies are offering health coverage to their employees, along with their spouse, children and parents also. It acts like an additional benefit to employees as with it, they do not have to buy health coverage for families. With such benefits, corporate try to keep hold of the talents for a longer time period.
A family floater plan saves a lot of money as it covers the entire family member under a single plan. This plan minimizes the stress related to the costly expenses of hospitalization. It is the duty of the individual to find the insurer which offers maximum age coverage for the family floater plan, because companies provide coverage till 65 years of age only. There are some companies which provide lifelong renewal policies. So, individual should check the related details to find the best health insurance plan for the family.
It is a helpful plan under which a single plan provides coverage to the entire family. It is also suitable for big families. A person can cover all the family members under a single plan irrespective of their age.
It reduces the task of selecting individual health plan for each member of the family and manage the same. It reduces the need of paying separate premium of health insurance for each member of the family separately.
Under the family floater plan, you can get discounts and incentives that plans usually offer. It is one of the easiest ways to secure the health of your family.
In this mediclaim plan you can add a new family member easily. In case of the unfortunate death of senior-most member of the family, other members can continue with the plan without losing any benefit. This is one of the biggest benefits of this plan.
Some insurers allow customers to add siblings and in laws by paying a little extra cost.
It comes with many helpful and attractive features such as coverage on maternity, new born baby, etc.
You may come across a lot of portals which are offering comparison services. But at PolicyX.com, what you get is unbiased advice to take care of your health related needs. Our database is linked with leading health insurers which allow us to offer accurate quotes and features to you on a real time basis. You can complete your policy purchase on our portal by using different payment options such as credit, debit card or net banking. Please keep in mind that few policies may require medical tests for certain age groups before purchase. Our team of dedicated telesales executives will help you in the same so that you can undergo medical tests at your nearest location and can make a payment online for policy issuance.
Almost all the expenses related to treatment or hospitalization is covered by the family mediclaim policy, but it is still vital to check the features of the plan and what it basically covers. You should check from when does the policy start covering the pre-existing diseases and check out the exclusions as well.
Many health insurers offer plan renewal till 60-65 years. Nowadays, the lifelong renewal facility is also available with some insurers.
Check out the claim procedure of the company and the claim settlement ratio. Understand the procedure clearly as it will help you at the time of filing the claim. Many insurers are offering cashless facility hence do check it out.
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