Family Floater Health Insurance

You can buy a single health insurance policy for your entire family, including spouse, dependent children, dependent parents, and dependent parents-in-law, with the sum insured shared among all the insureds. Usually, up to six people are covered in a policy. This is called a family floater cover and will cost you less than an individual health insurance policy for each family member.





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Exclusions under family floater health insurance policy

The following expenses will NOT be covered.

  •  Hospitalization due to abuse of alcohol or drugs
  • Sexually transmitted diseases (STD) like AIDS or Herpes
  • Infertility treatment and treatment for complications in pregnancy
  • Hospitalization due to a suicide attempt of the insured
  • Dental and cosmetic surgery except if necessitated due to an accident

Charges and Expenses



Claim all your hospitalization bills as per the terms of your policy and even day-care treatment and preventive health check-up costs.


Pre-hospitalization expenses

The policy covers pre-hospitalization expenses like diagnostic tests incurred in the 30 days preceding the hospitalization and related to it.


Post-hospitalization expenses

Medical expenses incurred for 60 days after discharge from the hospital, like medication and tests related to the treatment, are also covered.


Day-care treatment

Coverage will be provided for medical procedures that require less than 24 hours of hospitalization, like cataract surgery.


Ambulance charges

Most insurance companies provide coverage for emergency ambulance charges. However, the coverage amount varies from one insurer to the other.

Advantages of Family Floater Health Insurance

One policy covers all, and new members can be added to the policy easily.
Premiums are eligible for deduction under Section 80D of the Income-tax Act, 1961.
This facility is extended to all family members under the policy.
Some family floater policies allow you to increase the sum insured at the time of renewal.
A family floater health insurance policy costs you significantly less than individual policies for each family member.
Most companies offer a benefit whereby if one family member consumes the entire sum insured, it is reinstated so that other family members still have coverage left.
Family discounts are available, and they vary with the insurance company.

Who is eligible for family floater health insurance?


Entry age

The oldest member of the family is the policyholder, and all adults should be in the 18 to 65 age group. Children can be covered for 90 days. Some insurers provide coverage even for 30-day-old babies.


Medical tests

Medical tests may be required depending on the age of insureds and sum insured. They vary from company to company.


Coverage for your parents

You can include your parents in the family floater or buy a separate customized senior citizen health insurance policy for them as the maximum age at entry for most health insurance policies in India is 65.



There are several reasons why you should apply


You can learn more from our asked questions
Once a claim is paid for part of the sum insured, the rest of the sum insured is still available to all members of the family for that policy year. On renewal, the full sum insured is again available to all members for a year.
If one of the family members covered under a family floater policy dies, the policy continues to cover the other members until renewal.
If the member who died is the policyholder, the policy is transferred to the next oldest member covered under the policy and coverage continues. It is possible to opt for a lower sum insured with a refund of premium or do it at renewal.
Each policy has its advantages. A family floater has a larger sum insured shared by all family members and a lower premium rate. An individual policy can give the policyholder exclusive rights to the full sum insured and will cost relatively higher.