Health insurance: give health protection to your family with floater plan, it can cover up to 15 people

 The corona epidemic has made people understand the importance of insurance plans. If you are also thinking of getting an insurance plan for the family, then the floater plan will be perfect. Due to having a large family, taking different insurance plans for every member of the household can be a big burden on your pocket. In such a situation, you can take a floater plan for everyone. Today we are telling you about it.


Advantage

The advantage of such a plan is that you can take cover of up to 15 family members at a low premium. Along with this, facility like add on cover in emergency is also available in it. In this, all the family members are covered in a single plan. 


There are four members in a family. For all of you take an individual plan of Rs 2-2 lakh. In this, each will get a cover of 2 lakh rupees only. In contrast, if you buy a family floater plan of Rs 8 lakh, then everyone will get a cover of Rs 8 lakh instead of two. 5 to 7 lakhs suddenly on the illness of a member. Family floater will save you from financial trouble. The concept behind the companies behind this plan is that there is little chance of family members falling ill together.

Image credit: IIFL


How does this plan work

A person bought a family floater plan with an insurance amount of Rs 10 lakh to cover his family. The family consists of his wife and their two children. During the policy period, he gets dengue and has to be hospitalized. About 3 lakh rupees are spent in his treatment. Under a family floater plan, they are able to claim this amount from their insurer and receive the amount after submitting the required documents. Under his family floater plan, he still has Rs 7 lakh left. These can be useful for themselves and other family members when needed.


Critical illness will also be covered

In the floater plan you can cover your family i.e. spouse, children, parents as well as in-laws. Many companies also cover pre-existing parental illness in the floater plan. There is also the option of add on cover of critical illness. The add-on cover protects you from medical emergencies that may cost more for treatment, which are not covered in your regular health insurance policy.

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