Is family floater health insurance cheap? Which is good?
A family floater policy is one where several members of a single family can be covered for a sum assured by paying a single premium in a year. In case of multiple illnesses in the family, the sum assured can be distributed between family members and multiple claims entertained. It works out to be more cost-effective than taking individual policies separately in the name of family members. Most health insurance companies in India offer family floater policies.
Some good Family Floater Health Insurance plans are
• Oriental General Insurance – Happy Family Floater
• Max Bupa – Heartbeat Family First (Gold)
• ICICI Lombard – Complete Health Insurance
• Apollo Munich – Optima Restore
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