Key features of family floater health insurance plans
A family floater policy is a health insurance policy in which several members of a family get the benefits of coverage against the family floater plan by paying a single premium every year. As the cost of medical bills is increasing at rocket speed, family health insurance plans work efficiently in saving the medical expenses. The huge benefit that comes with family floater plans is the sum assured can be distributed among family members. It works as a beneficial plan for couples that can get the combined compensation instead going for the individual plans that cost much more. Here are some benefits of family floater plan:
Some of the key features of family floater plan:
● The first key feature of a family floater plan is the sum assured is eligible to cover self, spouse, and children. In some cases, the plan can extend to parents also.
● The second key feature offered by this plan is a cashless facility in the networking hospital of the insurer.
● In rare cases of emergency or accidents, insurers reimburse the medical expense later the treatment if the hospital is not in the network of the insurance provider.
● In case of the lower premium, insured person has to pay a percentage of the medical expense to the hospital; the rest is paid by the insurer.
Benefits of family floater insurance plan:
● Tax saving: Premium paid for the family floater plans have been exempted a tax benefit up to Rs 15,000. The tax benefits get increased to Rs 20,000 if a senior citizen is included in the family floater.
● Sum restored: In case if the sum assured gets exhausted by the expense of a single family member, then it becomes a problem for the recurring medical expenses in the same year. This problem is alleviated by some insurers who restore 100% of the sum assured for the same calendar year.
● Cashless treatment: According to this facility provided by the insurance providers, the insured person gets the initial traumas or expenses that he/she has to pay in the form of consultation fees, bed charges, diagnosis tests, etc.
If you want to purchase a family health insurance plan in India, there comes a lot of options to choose from. But only few health insurance providers are there which has emerged as the trustworthy in time of medical tragedy. Religare health insurance avails various policies, of which family floater is a significant part. Buying health insurance plans from this company gives you assured lifelong medical support.
Some of the key features of family floater plan:
● The first key feature of a family floater plan is the sum assured is eligible to cover self, spouse, and children. In some cases, the plan can extend to parents also.
● The second key feature offered by this plan is a cashless facility in the networking hospital of the insurer.
● In rare cases of emergency or accidents, insurers reimburse the medical expense later the treatment if the hospital is not in the network of the insurance provider.
● In case of the lower premium, insured person has to pay a percentage of the medical expense to the hospital; the rest is paid by the insurer.
Benefits of family floater insurance plan:
● Tax saving: Premium paid for the family floater plans have been exempted a tax benefit up to Rs 15,000. The tax benefits get increased to Rs 20,000 if a senior citizen is included in the family floater.
● Sum restored: In case if the sum assured gets exhausted by the expense of a single family member, then it becomes a problem for the recurring medical expenses in the same year. This problem is alleviated by some insurers who restore 100% of the sum assured for the same calendar year.
● Cashless treatment: According to this facility provided by the insurance providers, the insured person gets the initial traumas or expenses that he/she has to pay in the form of consultation fees, bed charges, diagnosis tests, etc.
If you want to purchase a family health insurance plan in India, there comes a lot of options to choose from. But only few health insurance providers are there which has emerged as the trustworthy in time of medical tragedy. Religare health insurance avails various policies, of which family floater is a significant part. Buying health insurance plans from this company gives you assured lifelong medical support.
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