Family floater plan will save you from long medical bills, know how to buy.
Prime Minister Narendra Modi launched the Ayushman Bharat scheme on Sunday to get rid of expensive medical bills for about 10 crore poor families in the country. This scheme will benefit about 50 crore economically weaker people across the country. What is family floater policyFamily floater health insurance policy covers the entire family. Under this, all the members of the family get the benefit of the sum insured. Insurance companies offer plans based on the age of the family members and the sum insured. Generally, spouse and children are covered in this policy. At the same time, some insurance companies also provide coverage to parents. You can further increase your coverage with the help of top-up insurance policy.
What are its benefits
The biggest advantage of this policy is its low cost. It is always cheaper than an individual health insurance policy. For example, it can be understood that if a person is 30 to 35 years old. If he buys a personal health insurance policy of Rs 5 lakh cover, then he will have to pay a premium of about 12 to 12 thousand rupees. Whereas in case of family floater plan, the premium amount will be around Rs 10,500. The reduction in premium does not mean that the benefits available under it are reduced. In this also all the facilities are given which are available in individual health insurance.
However, the financially strong or middle class of the country will not get the benefit of this scheme. In such a situation, if the question is arising in your mind that how to secure the family from expensive health expenses at a low cost, then the family floater plan being provided by the insurance companies is a great option. You can protect yourself and the entire family by taking this plan instead of taking individual health insurance. At the same time, it costs much less than individual health insurance. Family plan expenses for husband, wife and two children - insurance company. Cover Amount Annual Premium Religare 10 lakh Rs 29,765
Apollo Munich Rs 10 lakh 24,558
Edelweiss Rs 10 lakh 24,484
Bharti AXA Rs 10 lakh 22,569
Reliance General Rs 9 lakh 26,650
Kotak General Rs 10 lakh 26,031
(Note- Husband's age: 36 years, Wife's age: 30 years, Daughter's age' 7 years and Son's age: 11 years).
When is the renewal of the policy? Most of the insurance companies offer the option of policy renewal till the age of 60 to 65 years. At the same time, some companies also offer the option of lifetime renewal. In such a situation, you should choose a floater plan that gives you maximum financial security. . Make these mistakes while buying a policy-Read the terms and conditions thoroughly before taking the policy
Don't buy a policy just by looking at low premiums
Choose cover as per your needs and family's
If living in a metro city, get more cover than Tier 2
Never hide your medical history or your family's
Get the benefit of restoration-
Before taking a family floater plan, most of the people have an apprehension about what will happen to the remaining family members if the entire sum assured is spent on one family member. But in reality this is not the case. Most insurance companies offer restoration benefits. Under which the insurance company top-up the sum insured again for the remaining time. Think of this as if the policy is for Rs 5 lakh and the entire amount is utilised, the insurance company automatically gives an additional cover of Rs 5 lakh to the insured without any additional premium.
10 crore families will be connected with Ayushman Bima Yojana
Add on cover for critical illness-
An advantage of taking a family floater plan is that you can also take add on cover for critical illness in this. By paying a slightly higher premium, you can take advantage of this facility for the whole family. Along with this, if you have not taken any claim in the previous year, then you also get a no claim bonus which will increase your cover.


















