Family floater health insurance plans

Family floater health insurance plans

Know the key features, benefits, coverage details and claims process for family floater health insurance plans.

3 mins

Family floater health insurance, also known as family health insurance, covers your entire family under a single plan. The sum insured applicable under these plans covers all the family members included under them. Primarily these plans cover individuals, spouses, and children. However, some plans cover parents, parents-in-law, and siblings as well.

Key features and benefits of family floater health insurance plans

Here are some key features and benefits of family floater health insurance plans.

Coverage for family members

Unlike other insurance policies, which provide coverage only for the insured individual, a family floater health insurance plan covers multiple individuals. As a result, you can add your spouse, children, parents, and siblings to a family floater health plan.

Cashless in-patient hospitalisation

Family members under a family floater plan can receive cashless health insurance benefits. They can benefit from cashless hospitalisation at network hospitals if they notify their insurance within 24 hours of admission.

Hospital room rent

For each hospitalisation day, a family floater health insurance policy may cover the room rent. The coverage is up to a specific amount as specified by the policy.

Daycare treatments

All members covered under a family health insurance policy can avail of daycare treatment benefits. A daycare procedure requires hospitalisation for less than 24 hours.

Coverage for ambulance cost

Family health policy covers the ambulance expenses to transport any enrolled member to the hospital.

Top family floater health insurance plans

Given below are the leading family floater plans offered by top insurance providers through Bajaj Finance. You can claim benefits across 7,000+ network hospitals across the country.

Family Health Insurance Plans

Sum insured

Aditya Birla Group Activ Health

Up to Rs. 10 lakh

Aditya Birla Activ Assure Diamond

Up to Rs. 2 crore

Aditya Birla Super Top-up

Up to Rs. 50 lakh

Bajaj Allianz Heath Guard

Up to Rs. 50 lakh

Bajaj Allianz Global Personal Guard

Up to Rs. 2 crore

Things to consider before buying a family floater health insurance plan

Here are the things that you should keep in mind before purchasing family floater health insurance for your family.

Sum insured

The sum insured in a policy must be sufficient to meet the entire family's medical expenses. Generally, insurance companies offer family floater plans with a sum insured starting from Rs. 50 lakh.

Network hospitals

To avail of cashless treatment, choose an insurer with a sizable network of hospitals. You can then claim for cashless settlement at any network hospitals.

Claim settlement ratio

Choose an insurance company with a high claim settlement ratio. The insurer must have simple process to accept and resolve claims. This will guarantee that the claims processed quickly and with minimal difficulty.

Waiting period

Usually, most insurers impose a waiting period of 2-5 years. People cannot submit claims for any pre-existing conditions or add-on benefits like free annual checkups, dental care, etc. during this time.

Apart from these, you must thoroughly go through the inclusions and exclusions of a family floater health plan. Also, check if the company gives any add-on covers to expand the coverage.

How to apply for family floater insurance plans online

Step 1: Click here to open our online application form.
Step 2: Fill in the application form with basic details of the proposer. Provide name, gender, mobile number, date of birth, and residential PIN code.
Step 3: Now click on ‘Get Quote’ to proceed.
Step 4: From the list of policies shown, choose your preferred family health insurance plan by clicking the ‘Buy Now’ button placed under each plan. You can further modify the insured amount, policy term, and plan type to get a list of policies tailored to your preference.
Step 5: Based on the plan, you choose you may get the option to select the policy term and premium amount.
Step 6: Enter your email ID and check if all personal details shown are correct. Click ‘Next’ to proceed.
Step 7: Enter some additional details, such as height, weight, nationality, marital status, address, and nominee details (if applicable).
Step 8: Answer a few questions about your health and lifestyle by clicking the relevant checkboxes. Click on the ‘Next’ button to proceed.
Step 9: Verify if the previously filled details are correct and click on the ‘Proceed’ button to visit the payment page.
Step 10: Make the payment through net banking, UPI, debit, or credit card to buy the policy.

After successful payment, your policy document will be available for you to download instantly. You will receive a copy of the policy document on your registered email ID within 5-7 working days..

You will also receive an SMS confirmation immediately after the payment processed successfully.

You can also access your policy details through the My Account section within 5-7 days after the purchase.


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