Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin

All About Family Floater Health Insurance Plans

Published On Oct 29, 2021

Health insurance plans are essential for everyone, as it protects them against the high cost of treatment at the time of a medical emergency. To provide collective protection to all the members of a family under a single health insurance plan, the health insurance providers offer family floater health insurance plans. They can include you, your spouse, children, and dependent parents under the same plan. The insurers offer sufficient coverage under such plans to each and every member of your family covered under the plan. They also provide discounts and rewards for adding a new member under the plan. However, it is advised to not add a senior citizen under the plan as they are vulnerable to life-threatening diseases, and the family floater coverage can be insufficient for them. 

About Family Floater Health Insurance Policies 

A family floater health insurance plan is one of the most common types of health insurance plans that are widely bought by policyholders in the insurance market. This health insurance plan can cover all the members of a family under a single plan, offering them the equal distribution of the coverage. These plans are affordable when compared to individual health insurance plans for all the members of a family. Policyholders can customize these plans according to their requirements. Following are some of the common features of a family floater plan:   

  • The family floater plan ensures quality treatment of the policyholders at the private hospitals without worrying about the monetary constraints.  
  • COVID-19 related coverage is also offered under this plan to the policyholders. 
  • Tax saving perks, no claim bonus, free medical checkups, etc. are some of its accumulated benefits that can be availed while claiming the plan. 

Who Must Invest In A Family Floater Health Insurance Cover?

Any individual who intends on providing health insurance coverage to their entire family under a single plan can invest in a family floater health insurance plan. This plan can include you, along with your spouse, children, and dependent parents. More members like a newborn baby, in-laws, etc. can be added by paying an extra amount of premium for the plan. Additional plans like top-ups, riders, etc. can also be bought to enhance the quality of the existing health insurance policy. 

Inclusions In A Family Floater Health Insurance Plan 

Let us look at some of the common inclusions of a family floater health insurance plan that can be availed by the policyholders: 

  • It offers compensation for expenses like pre and post hospitalization, inpatient, domiciliary costs, etc. 
  • Daycare expenses are also a part of the family floater plan. 
  • Organ donor expenses are compensated for under this cover 
  • It also includes the cost of road ambulances in case of a medical emergency along with the room rents. 

Factors To Consider When Buying A Family Floater Health Insurance Plan

Let us look at some of the common factors that must be kept in mind while investing in a family floater health insurance policy:  

1. Coverage Scope

To include your entire family under a single plan without affecting the quality of services received in times of an emergency, you must invest in a sufficient and suitable family floater plan with wide coverage.  

2. Lifetime Renewability 

Family floater health insurance plans with lifetime renewability of services are a better option as it gives you the flexibility to renew your health insurance plan for a lifetime without any maximum age restrictions. 

3. Premium 

Before investing in a family floater plan, you must analyze the requirements of your family members and then accordingly customize the plan. The premium amount of your plan should not exceed your financial budget.  

4. Top-Up Plans 

The family floater plan you are investing in, must offer a wide range of additional covers that can be bought to enhance your existing health insurance plan. You can buy an additional cover depending on your requirements and finances. 


Family floater plans are extensive and cost-effective health insurance plans as they offer collective coverage to policyholders. When buying a family floater plan you must carefully go through its terms and understand the plan to avoid any inconvenience at the time of the claim settlement process.

Also Read: Got A Preventive Health Check-Up? Don't Forget To Claim A Tax Deduction

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.

Health Insurance Coverage Calculator

Who do you want to insured ?

  • Individual
  • Couple
  • Family
  • Parents

Age of eldest insured member ?

Where do you live ?

Disclaimer : Actual Coverage might vary basis your location, age and number of members
Must BuyMust Buy

Why to Buy Health Insurance Policy Online from InsuranceDekho

  • Tax benefit upto 75,000*
  • Claim support everyday 10AM-7PM
  • 50 Lacs+ happy customers