Compare & Buy Family Health insurance Plans

What Is Family Floater Insurance?

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.

Importance Of Health Family Floater Plan

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.