Family floater health insurance
One health policy and one sum insured shared by your family, so whoever needs treatment can use it. For a young family it usually costs less than separate policies for each member.
What it covers
Cover varies between insurers and plans. The policy wording is what decides whether a claim is payable, so read it before you buy.
- In-patient hospitalisation for every member named on the policy
- Pre-hospitalisation and post-hospitalisation expenses for the periods the policy allows
- Day-care procedures, intensive care and ambulance charges
- Newborn and maternity cover, where the plan includes it and after its own waiting period
- Treatment for any one member, or for several, up to the shared sum insured
- AYUSH treatment in a recognised hospital, where the plan includes it
Key features
- A single sum insured of [SUM INSURED RANGE], shared by everyone on the policy
- Usually covers self, spouse and dependent children; some plans allow parents and parents-in-law
- One premium and one renewal date for the whole family
- Children can be added from the age the insurer allows: [AGE LIMITS]
- Waiting periods for pre-existing and named conditions apply to each member: [WAITING PERIOD]
- Optional restoration of the sum insured after a claim, where the plan offers it
How to buy it
Four steps, with an advisor you can reach at any of them.
Tell us what to cover
Tell us who is in the family, their ages and your city, and the sum insured you want to share.
Compare plans
See premium, cover, exclusions and key terms from our partner insurers side by side.
Share details & KYC
Add the details the insurer needs and complete KYC with your PAN.
Get your policy
Pay online, the policy reaches your email, and your advisor stays with you at claim time.
Family floater health insurance: FAQs
How is a floater different from separate individual policies?
A floater gives one sum insured to the whole family; individual policies give each person their own. If two members are hospitalised in the same year, a floater can be used up faster.
Who can be included in a family floater?
Most plans cover self, spouse and dependent children, and some allow parents and parents-in-law. Eligibility and entry ages are set by the insurer: [AGE LIMITS].
Should elderly parents be on the same floater?
Often not. Floater premium is usually driven by the eldest member, and an older parent's claim can use up the family's cover. A separate senior citizen policy is worth comparing.
What happens when a child is no longer a dependent?
Dependent children can stay until the age the insurer allows, after which they need a policy of their own. Ask your advisor to arrange it at renewal so the continuity you have already earned is carried over.
Is maternity covered?
Only where the plan includes a maternity benefit, and then after its own waiting period of [WAITING PERIOD]. It is a benefit worth choosing well before you need it.