A Short Guide On Family Floater Health Insurance Plans.

1
A Short Guide On Family Floater Health Insurance
Plans.
2

• Securing the health of our family members is also
  a prime responsibility. Health-related issues may
  arise anytime to anybody. Unforeseen medical
  emergencies will drain your energy and money
  leaving you financially stressed. Hence investing
  in a health insurance policy will save you from
  financial stress and secures the health of your
  family members. Purchasing a plan for every
  individual of the family is practically not
  beneficial and affordable. In order to secure the
  life of the whole family under one plan that
  offers a single premium, you should go for the
  family floater health insurance plan.

3
What is a health insurance policy?

• All the major health expenses like the medical
  bills, hospitalization cost, check-ups, ambulance
  cost, surgery bills are covered by the health
  insurance plan. Based on the type of coverage,
  the insurance providers offer two types of plans,
  medical insurance plan, and critical illness
  plan. Through a family floater Mediclaim Policy,
  you can avail of the medical health insurance but
  not the critical illness insurance policy. 

4
Features of Family Floater Health Insurance
Policy

• Single insurance policy for the whole family
• Insured has to pay a single premium annually
• The policyholder can either add new members or
  modify the list of members covered under the
  policy
• Most of the plans provide coverage for siblings
  and  in-laws too
• Few insurers also provide cashless
  hospitalization

5
Eligibility

• Entry age for the insured The eldest of the
  family members will become the policyholder.
  He/she must be below the age of 65. However, a
  few insurance providers offer family floater
  health insurance plan up to 70 years of age or
  even above
• Entry age for members of the family Other
  members seeking coverage under the policy should
  be between the age of 18 to 65, some insurance
  companies allow members of the age 70 or above.
  Children covered should be between the age of
  minimum 30-90 days and maximum of 25 years
• Medical test Some insurance providers may demand
  a pre-medical test whereas some insurers do not
  ask for it. 

6
Benefits of Family Floater Health Insurance Plan

• Cost-effective Family floater insurance policies
  offer lower premium rates when compared to
  individual insurance policies. Hence buying a
  single plan for the whole family is
  cost-effective. 
• Continuous health coverage The converge of the
  policy can be availed continuously up to a time
  span of 2 years thus there will not be any rise
  in the premium rates up to 2 years. 
•  
• Hassle-free claim settlement Using online
  platforms like the company website you can easily
  file a claim, know your claim status within a few
  minutes. To understand the claim process of the
  insurer, read the policy wordings, or visit their
  online website. 
•  
• Increased value of sum assured Due to the
  increasing cost of medical treatments, the sum
  assured of family floater plans is increased so
  that the insured does not face any financial
  stress.
•  
• Cashless hospitalization Few insurance providers
  offer cashless hospitalization which can be
  utilized by the insured in case of emergencies.
  This attribute allows the policyholder to get
  hospitalized in the networked hospital without
  paying a single penny from his pocket. Also,
  there is not much paperwork involved. 
•  
• Family floater health insurance plans provide
  comprehensive coverage under a single insurance
  policy. To safeguard the health of our family
  members and yourself, buy a family health
  insurance plan. Before you pick a plan make sure
  you analyse your requirements, go through the
  policy terms carefully, and then buy the policy.

7
For more details on Health insurance in India

• A Short Guide On Health Insurance Calculator.

Visit Here

• https//www.iffcotokio.co.in/