|| Health Insurance ||

A Family Floater Policy covers the entire family comprising the insured, spouse and children under a single Sum Insured. Example- Mr. Singh can cover him, his spouse and his child with a Standard Health Insurance Policy of Rs 1 lakh each. Under this cover they would have to pay individual premiums for each member of the family. The cover for each Insured member would be only up to one lakh, even if the treatment costs beyond Rs. 1 lakh. But, if he opts for a Family Floater Policy of Rs. 3 lakhs for the entire family, anyone from the family can claim up to Rs. 3 lakhs.