Family Floater Health Insurance Plans

A single policy that secures the hospitalisation expenses of your entire family (self, spouse & children) excluding dependent Parents. The floater health plan covers your entire family under one policy with one sum insured and one premium.


  • Dependent Parents or in-laws cannot be covered in this policy.
  • Parents can cover children up to 21 years old in this policy.
  • The insured needs to be between 3 Months - 76 years of age
  • Age is calculated as on the date the policy is issued ( It will be age completed on last birthday)


  • You can buy Health Insurance & get tax benefit on the premium paid under section 80D of the Income Tax Act
  • Sum insured in a floater policy is shared across family members
  • It is less expensive than Individual Policy.
  • Floater policy is good for young family with low health risk.
  • You can buy Comprehensive health insurance policy that covers you, your spouse and 4 dependent children up to the age of 25 years.
  • You can increase the sum insured only at the time of renewal of the insurance policy, subject to company approval.
  • You can get reimbursement for pre- and post-hospitalization medical expenses incurred towards the ailment/ disease for which hospitalization was medically necessary prior to hospitalization and after discharge.
  • Pre-existing disease means a disease or a condition existing in a person before the acceptance of the risk by Insurance Company. The insured or a person buying the policy may or may not be aware of these conditions.
  • A waiting period is the length of time the insured may have to wait before being eligible for Health Policy benefits.
  • You get up to 10% cumulative bonus for every claim-free year accumulating upto 50% in certain policies.
  • You can save up to 25 percent by comparing plans offered by different companies