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Why You Shouldn't Include Parents in Your Family Health Insurance Policy?

Updated On Mar 09, 2021

Ready to buy an ideal health insurance policy? Have you been searching for the best family floater health insurance to get yourself and your dear ones covered? If so, know that you will be easily able to get yourself, your spouse, and your dependent children covered under the plan. However, if you are considering covering your dependent parents under the same family floater insurance policy, you need to think again!

While you may be concerned about covering the health of your parents by including them in your family floater policy, know that you can opt for the better way to get your father and mother insured. If thinking about why it is not a good idea to include your parents in the same policy, know that there are major reasons behind the same. What? Let's find out!

Reasons You Should Not Include Parents in Your Family Floater Health Insurance

The key reasons an individual should not include their parents in the family health insurance policy include:

1. Since the premium of a family floater health insurance plan depends on the age of the eldest family member, including your parents may increase your policy premium in a significant manner.

2. The policy may terminate immediately after the eldest family member reaches the maximum age.

3. If your parents have pre-existing illnesses, your premium will increase.

4. You may not be able to make the most of the No Claim Bonus or NCB like in the case of a regular health insurance policy if no claim is made. Your parents may require some medical assistance, thereby increasing the chances of losing out on the NCB.

5. Including parents in the family floater plan will affect the NCB if they get hospitalised due to a pre-existing illness.

6. Since your parents may need medical treatment every now and then due to their health, the other family members may not be able to make the most of the available coverage when needed.

If Not Include Parents in Family Floater Policy, Then What to Do?

While you may now understand that it is better not to include parents in the family floater health insurance policy, here’s what’s the better thing to do.

Note that to ensure your parents, you can buy a separate health insurance policy for each of your parents.

By doing so, you will be able to get their health secured as well as pay less premium and make the most of other health insurance coverage features.

Learn that the medical requirement of both of your parents may not be the same. So, one health insurance policy may not be enough to cover them both or one sum insured may not be enough. Having two different health insurance policies for both the parents, you will be able to get them covered for the maximum amount without compromising on their medical needs as well as your budget.

What's one of the key advantages of buying separate health insurance for parents is that you will be able to gain more tax benefits for paying the policy premium of your parents' health insurance, which may not be possible if you have them covered in the same policy as yours.


Now that you know what is best for you all as a family, don’t waste more time. Go ahead and buy a health insurance policy for yourself, your spouse, and kids, and don’t forget to look for a great health insurance plan for your parents.

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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