What Should You Invest in – Family Floater or Individual Health Policy?

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What Should You Invest in Family Floater or
Individual Health Policy?
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Introduction

• Health is true wealth and it is thus important to
  take care of it. Taking healthy diet, exercising
  regularly and undergoing regular checkup can help
  you to stay healthy but cannot guarantee that you
  will not have any health problems. This is why it
  becomes important to go for something that will
  safeguard your finances in case you have a sudden
  health condition that needs extensive treatment.
  Most of the health insurance companies offer two
  types health insurance policies that allow the
  customers to choose between independent health
  insurance and family floater. Read the below
  slides to know more about the insurance plans.

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Individual Health Insurance Policy

• The individual health plans, as the name suggest
  are issued in the name of a person only.
  Therefore, if all family members want to be
  insured then separate policies must be purchased
  for each family member and each one will have a
  dedicated sum assured under the policy.

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Family Floater Policy

• On the other hand, in case of family floater
  policy all family members are covered by a single
  policy. In this type of policy the sum assured is
  shared among all members of the family.

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Why Choose Individual Plans?

• Even though the individual plans tend to be a bit
  expensive than the family floater but still,
  experts recommend buying individual plans because
  in case of family floater the premium is set
  basis on the age of the senior most member. This
  can increase the amount of premium to a great
  extent since with the increase in age the premium
  also increases.

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Family Floater May Not Help You to Get No Claim
Bonus

• In case of family floater, if any claim has been
  made by any member then the entire No Claim
  Bonus is nullified. However, in case of
  individual plans if you have not made any claim
  then you can rest assured that you will
  definitely get your No Claim Bonus.
• Liberty Videocon is a leading individual health
  insurance company in India that allows the people
  to buy, renew and compare the policies online.

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contact Us

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  400013
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• Fax [phone]?
• Toll Free No 1800-266-5844
• Email care_at_libertyvideocon.com
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  ndia