Advantages of Family Floater Plans

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Advantages of Family Floater Plans:

Family health insurance plans India give a policy holder an edge by not only making it easy for him to manage one policy but also provides him with family medical insurance with the following advantages:
a) A family floater policy is easier to manage than an individual plan. Compared to an individual plan, family floater policies needs you to remember a single date while renewing, instead of three or four dates in the case of individual plans and it also gets you a full health cover for family.
b) These plans are best health insurance for parents. Most family floater plans provide free health check up for elder members or senior citizens insured under the plan. This helps in reducing overall cost by eliminating unnecessary attachments for younger ones covered.
c) In a family floater, it is easy to add a new family member. With an individual cover, a fresh policy needs to be taken every time there is an addition to the family. In case of the unfortunate demise of the senior-most member of the family, other members of the family can continue with the floater without losing any benefits and health cover for family continues.
d) Many of the insurers provide option to include parent in laws with little extra cost, making it the best health insurance for parents of both side of family.
e) Many insurers have now given the option of 2 year policy cover. This allows a continuous hassle free coverage without any increase in premium for the selected tenure.
f) Features like maternity and new born baby cover makes it very attractive for young couples. These features generally come with a waiting period and coverage depends on the insurer.
g) Cashless feature and health id cards for all members makes it handy in case of medical emergencies.
h) Income tax benefits under Section 80D.

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