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Best Family Floater Plans in 2023

Published On Jan 28, 2022, Updated On Sep 12, 2023

It's awful enough to get sick, but it's even worse when the agony is accompanied with medical expenditures. You may not be able to avoid health problems, but you can certainly protect yourself from financial losses as a result of them by purchasing a health insurance policy. A dependable health insurance plan safeguards you against medical bills if you become ill. The coverage is supplied in the form of a sum insured, which can be divided depending on the number of family members or as a lump payment for the entire family. The coverage is offered in the form of financial assistance that may be used to pay off hospital bills, treat disease, pay doctor's fees, cover the cost of medical treatment, and cover accidental emergency injuries.

You can also include yourself, your spouse, dependant children, parents, and, in certain situations, parents-in-law in a family floater plan. Each member of your family is eligible to submit a claim up to the total amount covered. In addition to the regular coverage, family health insurance policies provide coverage for COVID-19-related expenses or hospitalisation fees. To know more family floater plans, read on.

What's The Need To Buy Family Health Insurance?

You no longer have to be concerned about your loved ones being hospitalised if you have a family health insurance policy. A family policy costs a reasonable premium, which is paid in annual instalments. Furthermore, if you do not have enough cash on hand at the time of your hospitalisation, you can always opt for cashless hospitalisation. You will not have to worry since the financial responsibility will be met by the health insurance provider.

Best Family Floater Health Insurance Plans

Following are some of the family floater plans -

HDFC Optima Restore- Family Plan

HDFC Optima Restore Family Plan is a comprehensive health insurance plan that offers various benefits to its customers. It provides a wide range of medical coverage up to INR 50 lakhs. Moreover, preventive health check-ups up to INR 10,000 are offered at the time of renewal of the policy. Additionally, the policy provides a 2X multiplier benefit, which allows the insured to receive 50% growth in the basic sum insured for every claim-free year, up to a maximum limit of 100%.

Care Family Health Insurance

Family care health insurance can provide a much-needed safety net against medical costs and other related expenses. It provides coverage on pre-hospitalisation costs for up to 30 days, post-hospitalisation and discharge costs for up to 60 days, and ambulance costs up to INR 5,000. Additionally, you can avail of an add-on cover of daily allowance to cover expenses such as food and transportation. Such a plan can save you from financial worries should unexpected medical costs arise. Consider investing in family care health insurance today for a secure tomorrow.

Royal Sundaram Family Plus Health Insurance Plan

Royal Sundaram's Family Plus Health Insurance plan is an excellent choice for family health insurance. It offers a range of coverage with enhanced features such as higher sum insured, pre- and post-hospitalisation expenses for 60 and 90 days, and more. The plan also provides a no-claim bonus, which adds a 20% additional sum to the policy coverage. With a minimum sum insured of INR 3 lakh and a maximum sum insured of INR 50 lakh, it ensures that you and your family are in safe hands. 

Niva Bupa Health Companion Policy

Niva Bupa Health Companion Policy is a health insurance policy that covers expenses of hospitalisation with pre and post-hospitalisation coverage along with additional benefits. It provides coverage for medical expenses associated with hospitalisation up to 30 days prior to hospitalisation and up to 60 days post-hospital discharge. The policy also covers ambulance costs up to INR 3,000. It offers a wide range of the sum insured amount from INR 3 lakh to INR 1 crore. 

ICICI Lombard Complete Health Shield plan

It includes coverage of in-patient treatment, which covers the hospital expenses for admission longer than one day. It also provides coverage of medical expenses incurred up to a 30-day period immediately before and 60 days immediately after an insured admitted to the hospital. The sum insured amount starts from INR 3 lakh to INR 50 lakh. The plan also covers for pre and post-hospitalisation expenses, daycare treatment, medical check-ups and recuperation benefits. 


A family floater is excellent for a married couple with children. This is also beneficial for individuals who want to cover their elderly parents. Overall, this is a terrific option for insurance that is both affordable and comprehensive.


  1. What is a Family Floater Plan?

A family floater plan is a type of health insurance policy that offers coverage to all the members of a family under a single policy. It also provides coverage against medical emergencies and regular hospitalisation expenses.

  1. What are the Benefits of a Family Floater Plan?

The primary benefit of a family floater plan is that it provides coverage to all family members under one comprehensive umbrella policy. As a result, it ensures financial protection against medical emergencies and without any individual limits on each family member.

  1. What are the Coverage Features Offered by Family Floater Plans?

The coverage features of family floater plans vary from policy to policy. Generally, these plans provide coverage for medical expenses, hospitalisation, critical illness, accidental death, and other features.

  1. What does a family floater plan cover?

Family floater plans typically provide coverage for pre- and post-hospitalisation medical expenses, diagnostic tests, and daycare treatments. They may also offer coverage for treatments.

  1. Who can be included in a family floater plan?

Typically, family floater plans cover self, spouse, dependent children, and parents. Some plans also cover siblings and extended family members.

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