The Sum Insured
of family floater health insurance plan can be shared among all the insured member of the family up to its maximum limit in a a particular policy year.
I have been reviewing
some of the family floater health insurance plans last week.
Not exact matches
health insurance of 5 lakh (
family floater plan — Apollo Munich) along with the coverage from my company (3.0 lakh).
There are a variety
of health insurance plans such as critical illness, medical
insurance or mediclaim policies,
family floater plans, individual medical policies, group mediclaims or unit linked
health plans.
For example, Apollo
health insurance offers three
plans; if you want to cover every member
of your
family under one
plan in a pocket - friendly manner, you can buy the
family floater plan.
Sandeep Patel, chief executive and managing director
of Cigna TTK
Health Insurance, says ProHealth, a product launched by the company recently, saw an equal number
of individual and
family floater plans being sold.
Dear Sreekanth, For Personal Accident
Insurance and
Family Floater Health Insurance plan, is it compulsory to take the insured person to the Network Hospital for any emergency or if taken to any hospital, will the benefits
of the policy still be active?
A
family floater health insurance plan is a custom - made
insurance policy convenient for every member
of a
family.
Individual
Health insurance, Family Floater Health Insurance, Top Up Health Insurance, Critical Illness policy, senior citizen insurance plan are few types of insurance policies available in th
insurance,
Family Floater Health Insurance, Top Up Health Insurance, Critical Illness policy, senior citizen insurance plan are few types of insurance policies available in th
Insurance, Top Up
Health Insurance, Critical Illness policy, senior citizen insurance plan are few types of insurance policies available in th
Insurance, Critical Illness policy, senior citizen
insurance plan are few types of insurance policies available in th
insurance plan are few types
of insurance policies available in th
insurance policies available in the market.
This write - up will tell you about the importance
of health insurance and the need to cover your
family in a
family floater plan.
It is better to have parents insured under individual
health insurance plans instead
of clubbing them under a
family floater plan.
The Heartbeat
Family Floater plan offered by Max Bupa
Health Insurance is one
of the best
plans since it provides coverage for maternity and new born in all
of its three
plan types — silver, gold and platinum.
Premium: Group
health insurance plan is cheaper than an individual or
family floater plan as the risk for the
insurance company is spread out over a group
of people.
Your
health insurance plan, which can be in the form
of a
family floater or mediclaim policy, should thus be the main cornerstone
of your
health insurance investments.
So, if you have an individual
plan and a
family floater health insurance plan of Rs. 2 lacs and Rs. 1 lac each, in case
of a claim
of Rs. 2.5 lacs, the claim would be payable in the ratio
of 2:1 respectively.
Tax benefits are provided to indemnity - based
plans like
family floater plans and mediclaim but also defined
plans like a critical illness
plan or a daily hospital cash policy
of health insurance and general
insurance companies alike.
If it is for your spouse and a maximum
of up to 2 kids while your spouse and you are below 45 years
of age, then go for a
family floater health insurance plan.
Family Floater Health Guard: This
plan from Bajaj Allianz General
Insurance takes care
of the expensive medical treatment incurred during hospitalization due to serious illness or accident.
A
family floater health insurance plan comes to your rescue, as it can secure each
of your
family members.
The portability option is now allowed in case
of all
family floater policies and individual
plans issued by
health insurance as well as general
insurance companies.
The premium incurred on that coverage, however, would be much more than if the whole
family were to opt for a
floater health insurance plan of Rs. 10 lakh that would insure all the members.
Experts believe that if you have two
plans — one individual and one
floater, at the time
of a claim, you should first make a claim on your individual
health insurance plan and then move on to the
family floater plan if the claim is higher.
To explain the process, let us consider that you have an individual
health insurance plan of Rs. 2 lacs and a
family floater plan of Rs. 5 lacs.
The
family floater health insurance policy can be used by any
family member up to the sum assured, for instance, if four members
of a
family come under
family floater plan for the cover amount
of 10 lakh, all members can claim up to the assured amount.
Individual
Health Guard: Bajaj Allianz General
Insurance has introduced this
plan with both the options
of individual and
family floater.
The medical expenses incurred in the donation
of an organ are reimbursed subject to the terms specified in your
family floater health insurance plan.
In case
of health insurance, you should increase the coverage amount as more members would be covered in your
family floater plan.
I have explained our driver about the importance
of having a term
insurance cover, personal accident &
health insurance (
Family Floater) covers and made him to buy all these three
plans.
However, below are some
of the important factors that you can keep in mind before buying a
family floater health insurance plan.