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Commercial General Liability InsuranceFAMILY FLOATER HEALTH INSURANCE

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Family Floater Health Insurance

Zero Compromise on your Family’s Health

If you have not secured your family with a Health Insurance Policy, then this is the most important thing that you will ever read:

Did you know that an unplanned hospitalisation can spoil all your well laid out plans?

Hospitalisation can result in huge bills and throw a family's finances into disarray.

Lifestyle Diseases are on the rise. India is the Diabetes Capital of the world while WHO has estimated that 1 in 10 Indians will suffer from Cancer in their lifetime. The treatment costs of such Diseases and Ailments are very expensive.

If there is ever an Insurance Policy that is a must have for a family, it is the Family Floater Health Insurance.

Imagine your Wife or Child being in a Hospital due to an Accident requiring Immediate Surgery. Such a Surgery may easily cost 3-5 lakhs. At such a crucial time, lack of money could prove to be a huge constraint.

Having a Health Insurance Policy may prove to be of tremendous help during such a time. It will ensure that you can afford the best of treatments for family members should such a need arise.

Be it a Complex Surgery for a Family Member or treatment for that Crucial Bypass Surgery or Cancer, a Comprehensive Health Insurance Cover will be of great help during your time of need by reimbursing your Hospital Costs.

Make a Smart Choice. Insure your Family with a Family Floater Health Insurance Policy.
Family Floater Health Insurance

What is a Family Floater Health Insurance Policy?

A Family Floater Health Insurance Policy (also called Family Floater Mediclaim Policy) covers 2 or more family members for a Fixed Sum Insured. The Insurance Policy covers all the family members under the Family Floater Policy upto the Sum Insured for their Hospitalisation Expenses.

A Family Floater Health Insurance Policy usually covers the Proposer (Self), Spouse and Children. Parents of the Proposer can be covered as well.

Why do I need a Family Floater Health Insurance Policy?

Medical Expenses are increasing at a higher rate than Inflation today. It is of utmost importance to have an adequate Health Cover to take care of medical expenses that might arise in the future. Unexpected Healthcare Expenses can leave a big hole in your pocket.

You should prepare yourself for such healthcare costs by purchasing a Comprehensive Family Floater Mediclaim Policy which will reimburse for the medical treatment of all the Insured Family Members in case they are hospitalised for any Ailments, Injuries or Accidents.

It will ensure that the Family Members receive the best medical treatment and you don't need to compromise on the same because of high medical costs.

What are the Key Features of Family Floater Health Insurance Policy ?

The Key Features of a Family Floater Health Insurance Policy are as follows:

  • No Room Rent Capping
  • No Co-Payment
  • Covers Hospitalisation Expenses
  • Covers Pre and Post-Hospitalisation Expenses
  • Cashless Settlement of Claims
  • Lifetime Renewal
  • No Claim Bonus for Renewal if the Policy is Claim-Free during the year
  • Refill or Reinstatement Benefits on exhaustion of Sum Insured

What are the Benefits of a Family Floater Health Insurance Policy?

The Benefits of a Family Floater Health Insurance Policy are as follows:

  1. A Family Floater Health Insurance is beneficial since all Family Members can be covered in a Single Insurance Policy.
  2. Premium for a Family Floater Health Insurance Policy is more reasonable as compared to Individual Health Insurance for all Family Members.
  3. It is also convenient since you don't have to maintain separate Health Insurance Policies for all the Members.
  4. Addition and Deletion of Members is also very easy.

Family Floater Health Insurance vs Individual Health Insurance: Which is better?

Making a choice between a Family Floater Health Insurance Policy and an Individual Health Insurance Policy depends upon the requirements and needs of the individual and his/her family.

An Individual Health Insurance Plan is usually more suitable for Older Aged people as they are at a greater risk of developing health complications while a Family Floater Mediclaim Policy is suitable for Younger Families which can share the Sum Insured between the Family Members at a Reasonable Premium.

It is wise to take the advice of an experienced Health Insurance Broker before deciding on the type of Insurance Policy that you opt for.

How to purchase a Family Floater Health Insurance Policy?

You need the following documents to purchase a Family Floater Health Insurance:

  • Photo Identification Proof
  • Address Proof
  • Duly Filled and Signed Proposal Form
  • Medical Reports
  • Premium Cheque
How to purchase a Family Floater Health Insurance Policy?

What are the exclusions under a Family Floater Health Insurance Policy?

The common exclusions under a Family Floater Health Insurance Policy are as follows:

Exclusions under a Family Floater Health Insurance Policy

Pre-Existing Diseases would not be covered before the end of the Waiting Period

Medical Expenses related to certain illnesses like Hernia and Lasik Surgery are not covered.

A Family Floater Health Insurance Policy covers Dependent Children upto 18 years of Age

Medical Expenses for Cosmetic Treatments and Plastic Surgeries are not covered by a Family Floater Health Insurance Policy

How to make a claim under a Family Floater Health Insurance Policy?

You can make a Claim under a Family Floater Health Insurance Policy in 2 ways:

  1. Cashless Claim Request.
  2. Reimbursement Claim Request.

In order to make a Cashless Claim Request, you just need to give your Health E-Card to a Network Hospital.

In order to make a Reimbursement Claim Request, following documents are required:

  • Photo Identification Proof of the Insured Person
  • Address Proof of the Insured Person
  • Cancelled Cheque of the Insured Person
  • Health Insurance Card
  • Duly Filled and Signed Claim Form
  • Doctor’s Prescriptions
  • Diagnostic Reports
  • Hospital Reports
  • Hospital Bills and Pharmacy Bills
  • Hospital Discharge Summary
How to make a claim under a Family Floater Health Insurance Policy?
No Room Rent Capping

No Room Rent Capping

0% Co-Payment

0% Co-Payment

24/7 Claims Assistance

24/7 Claims Assistance

Cashless Claims Settlement

Cashless Claims Settlement

100% No Claim Bonus

100% No Claim Bonus

Should I purchase my Family Floater Health Insurance Policy online?

Yes, it is true that Online Portals has made purchasing Health Insurance easier than ever. You can get quotes for various Health Insurance Plans at the click of a button.

But, Purchasing Health Insurance is more than just purchasing the Cheapest Policy available. The Features and Coverages differ amongst Insurance Companies.

Selecting an appropriate Health Insurance Plan is a decision which impacts your life for years. Purchasing a wrong Health Insurance Policy might prove to be a really expensive mistake and more importantly, at a time, when you need that Insurance for your treatment or that of your family members.

As a Company, we believe that every Client requires a thorough understanding of the various Clauses of a Health Insurance Policy. The Client should be completely aware of What is COVERED and more importantly, What is NOT COVERED. This enables the Client to make an informed decision about a subject which is going to impact his life for years to come.

We believe that such an Informed Decision can only be taken with the help of personalised advice where an experienced Insurance Broker resolved all the Client queries and doubts. Such advice is definitely not possible online. Consequently, as a firm, we will not sell Health Insurance Policy Online.

Purchasing Health Insurance through an Insurance Broker gets you Professional Advice at NO ADDITONAL COST which is invaluable in our view.

Should I purchase my Family Floater Health Insurance Policy online?

Purchase Family Floater Health Insurance in less than 3 hours!

Health Insurance is useful when you or your loved one is admitted to a hospital and requires some expensive treatment which you might not be able to afford. At that critical moment, Health Insurance would take care of the financial resources required for treatment. It may help you save the life of your loved one.

Confused on which Family Floater Mediclaim to purchase? Not sure of how much Sum Insured will be adequate for your family?

Qian is an experienced Insurance Broker for Family Floater Health Insurance and can assist you in selecting the best Family Floater Health Insurance Plans as per your requirements.

Book your FREE 60 Minute Health Insurance Consultation with us at support@qian.co.in or at 022-22044989 or fill this Contact Form.

Purchase Family Floater Health Insurance in less than 3 hours!

FAQS

You need the following documents to purchase a Health Insurance Policy:

  1. Photo Identification Proof
  2. Address Proof
  3. Duly Filled and signed proposal form
  4. Medical Reports
  5. Premium Cheque

You can contact Qian Insurance Broking at 022-22044989 to assist you in purchasing the best Health Insurance Plan.

Co-Payment in Health Insurance means that the Insured Person will bear a certain percent of hospitalisation expenses. For Eg: if the Health Insurance Policy has a Co-Payment of 20%, then this implies that the Insured Person will bear 20% of the expenses while the Insurance Company will pay the remaining 80% of the expenses.
Some Health Insurance Policies have Room Rent Capping which implies that a certain percentage of the Sum Insured can only be availed towards Room Rent Expenses. For Eg: if the Health Insurance Policy has a Room Rent Capping of 1% on a Sum Insured of Rs5 lakhs, then this implies that the Insured Person can avail only 1% of Rs5 lakhs ie Rs5000 towards Room Rent Expenses. You should always opt for a Policy which has No Room Rent Capping.
Health Insurance Policies usually have Sub-Limits for some ailments like Cataracts. For Eg: if the Health Insurance Policy has a Sub-Limit of Rs50000 on a Sum Insured of Rs5 lakhs for Cataract, then this implies that the Insured Person can avail only Rs50000 towards Cataract Treatment. You should always check the various Sub-Limits before purchasing a Health Insurance Policy.

Cost of a Health Insurance depends on the following factors:

  1. No of Members in the Health Insurance Policy
  2. Age of Members
  3. Sum Insured that you opt for
  4. Health Insurance Plan that you opt for
Yes, Health Insurance Policies will cover Hospitalisation Claims on account of Coronavirus (CoVID19 Claims).

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