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Glossary
A family floater health insurance plan covers multiple family members under a single sum insured that can be used by any member, either partly or fully.
One health insurance cover shared by the whole family instead of separate policies for each.
Usually cheaper than buying individual policies for each member, but a large claim by one member can exhaust the shared sum insured for the rest of the year.
A ₹10 lakh family floater covering four members could be fully used up by one major hospitalisation in a year.
One health insurance cover shared by the whole family instead of separate policies for each.
Family Floater Plan helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.