Health Insurance: A family floater is a health insurance plan in which your entire family gets coverage.
Health insurance: Health insurance is one of the biggest needs of the present time. According to insurance experts, every family must have a floater health insurance policy of at least Rs 5 lakh. If you can increase this cover to Rs 8-10 lakh, then it will be even better. Money9 brings you the lowest premium floater insurance policies for Rs 5 lakh per family.
Floater insurance coverage
A family floater is a health insurance plan in which your entire family gets coverage. Simply put, all the members of your household get cover in a floater policy.
Each family covered under the floater plan gets the benefit of a larger common pool. Suppose you take a cover of Rs 5 lakh for your family of 4 members. This means that every four members of your household can get treatment up to Rs 5 lakh every year.
If this amount is spent in one year, then you cannot claim any more for the rest of the year. Next year you will be entitled to the claim. In floater health insurance, you get tax deduction under section 80D.
9 Cheap Rates
All premiums are calculated for married people who have attained the age of 30 years. This does not include 18% GST. This premium may vary depending on your age, gender, place of residence, pre-existing diseases, cover size and features or any other terms and conditions.
1. United India – Rs 5,581
2. New India – Rs 5,791
3. SBI General – Rs 6,088
4. Tata AIG – Rs 6,347
5. Aditya Birla – Rs 6,371
6. Universal Sompo – Rs 6,393
7. National Insurance – Rs 6,486
8. Max Bupa – Rs 6,542
9. Royal Sundaram – Rs 6,560
Need for health insurance
The pandemic has taught us that there is no substitute for health insurance. From home treatment to hospitalization, many types of expenses are covered in a health insurance plan.
There is a slight difference between a normal mediclaim policy and health insurance.
A good health policy usually covers expenses such as doctor’s consultation fee, medical test expenses, ambulance charges, hospitalization and even post-hospitalization recovery cost.
Experts say that a good health insurance policy includes 180 degree coverage of your medical needs, with your mediclaim policy providing 85 per cent of the total requirement. Health insurance should also have cashless facility.
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