Generally if the research surveys are to be believed, 65 percent of the people in India are still unaware of the amount of insurance cover they actually need. Most insured people are not fully covered and even the remaining do not yet understand what kind of policies there are and even which one will work best for them. Health insurance, medical insurance, family health insurance is some of the much better kinds of insurance policy which offer a wide coverage to the insured person.
Probably the most important policies today for any family is the health insurance. Now a days several insurance companies offer a good family health insurance policy which provides coverage for the whole family under one policy. Family Floater Plan is one this type of health insurance policy. In simple terms, when an individual Health Insurance is extended for an full family, it gets converted and even comes to be known as the Family Floater Plan. It’s a feasible option to go with insurance for the entire family as it saves on cost as compared to when taking individual life insurance policies.
Family Floater Health Insurance Policy is considered as the most apt and even truly reasonable Health Insurance policy that will covers the full family’s health insurance needs. Family Floater plans are thus getting popular and even find favor with a lot of families. Still, before one invests in a health insurance plan, sufficient research, study and even analysis has to be done regarding the needs and even needs of a particular family. Also one needs to check between the various insurance policies of different companies in order to find out the best health insurance policy for the family.
Certain factors which actually work towards the insured person/family to be kept in mind when taking a family floater health insurance:
* Family floater plans generally are cheaper compared to if a family has individual life insurance policies for each and every individual member of the family.
* There are no per specific illness limit or even restriction.
* Health insurance policy will include hospital stay charges which occur due to a long drawn illness, accident, operation needs, and so on. It also covers pre and even post hospitalization expenses as well as ambulance and even medical expenses.
* Medical insurance policy is included in a family floater plan, that will make sure that the entire family can gain the benefits.
* Tax benefits can be availed in the income tax returns, under section 80D of the income tax act.
* Negotiation of up to almost 50 percent of the costs which is incurred by the insured person for immediate health check up and even investigation can be availed. Though it’s subject to the receipt of the proposal and even the resultant realization of the amount in cheque.
So it can be safely said that health insurance India centric businesses have evolved over the years and even the customer is actually king when it comes to choosing insurance. Nowadays a person or else a family as a group can get the best health insurance and even save money on a lot of money through family floater plans.