Nowadays, retail customers to be more inclined towards family floater policies instead of individualhealth insurance in the days to come. As compared to individual healthcare plans, these policies are available at more affordable rates and also give coverage to each member of a family.
In fact, families covered under these insurance products receive a higher sum assured than individual plans. Insurance companies in India are observing increasing demand for family floater health insurance over individual mediclaim policies.
Majority of policyholders realize that they can get a higher cover in terms of high sum assured for lower premiums. But, some customers are still confused when it comes to selecting an individual plan or a family floater policy. Industry experts advise buyers that family floater insurance helps person to get a higher coverage for affordable rates.
Under this policy, insurers like Max Bupa Health Insurance and Oriental India Insurance provide plans that give cover for spouse, children and dependent parents. The rates of family floaters are decided based on the age of the eldest member of a family.
Those who want additional coverage can top-up their policies with mediclaim riders which are available in the case of companies like United India and Star Health.
Buying family floater plans online is the best for families in which the eldest family member is aged below 45. But, these policies might be more economical for nuclear families, considering enough sum insured is chosen.
But, families with senior citizens should opt for a combination of individual plans and family floaters. Hence, it is the best option to insure the immediate family, including spouse and kids under family floaters and select the best individual health insurance for the elderly. However, it will differ client to client. These insurance products also offer tax benefits under Income Tax Act.
Now that we have understood benefits of Health Insurance Portability feature; view, compare and buy Health Insurance policies online from the best Health Insurance companies in India at Policyboss.com.