Health Insurance plans are the backup or may call protector of people in some serious problems or illness which are life snatching and also have expensive treatments. Besides this, a right health insurance plan is like an assurance for the insured while he/she faces some kind of difficulties; there are lots of people in every country who dies or suffers with lifelong pains due of lack of support. It is a guide, a friend, a helper, an assurer, a good protector which means an overall coverage for insured person but still it is not enough to get fully covered and having all kind of money while in danger. Health is wealth and no doubt freaking for being healthy and fit is become a mania now-a-days; after advanced technologies and lifestyle people get affected easily.
People are now-a-days fell ill often and pay a huge amount of money to get rid of that illness, for treatment n good hospitals etc. but spending so much for treatment is not a matter of joke as everyone has not that capability. Health Insurance Policies in today’s scenario works as a support system, but still people should take care of themselves to prevent serious illness. Health Insurance Plans are essential for every person as it gives security and safety to the insured person with various benefits. There are various kinds of health insurance policies such as Individual Health Insurance Plans, Family Floater Plan, Children Insurance Plan, Car Insurance Plan, Mediclaim etc.
A family floater plan is one of the health insurance plans which cover the whole family and not just the individual one. In this plan, the entire family is benefited from larger common pool of insurance and the sum assured is available for entire family member.
The family doesn’t have to trouble if two members of the family fall ill and the medical expenses for treating them as the right amount of sum assured will be deducted. Here are some features included in a family floater plan:
Insured can get Income tax benefit for the premium that is paid towards family floater.
In this plan, insured can easily add family members like spouse and children.
Having some young family members will give a higher sum assured.
The plan can be renewed till the oldest member reaches the maximum renewability age which was previously limited to 75 years but after the invention of IRDAI, the insurance companies are now offering lifelong renewability.
Insured should always check for the sum assured in a health plan and look out for extra riders which could add free health check-up, janitor services and advice on telephones, discounts on medical stores, health clubs and fitness center.
These plans come with a waiting period in the maternity cover and newborn baby cover. There are also discounts on offer when the policy is taken online which makes the experience of buying better.