fmcinsurancebazaar.com

HEALTH INSURANCE

Family Floater Health Insurance — One Plan for Your Entire Family

Cover your entire family under a single health insurance policy with a shared sum insured. Affordable premiums, cashless hospitalization at 10,000+ hospitals, and comprehensive family protection.

Get Family Floater Quote

What is Family Floater Health Insurance?

Family floater health insurance is a single policy that covers the entire family — typically self, spouse, and dependent children — under one shared sum insured. Unlike individual policies where each member has a separate cover, a family floater pools the coverage for all members.

This makes it significantly more affordable than buying separate individual policies for each family member while providing comprehensive hospitalization coverage, pre and post-hospitalization expenses, daycare procedures, and much more.

Why Choose Family Floater Insurance?

  • Cost Effective — Single premium for entire family is 30-40% cheaper than individual policies
  • Shared Sum Insured — Flexible coverage pool that any family member can utilize
  • Comprehensive Coverage — Hospitalization, pre/post care, daycare, ambulance, domiciliary
  • Cashless Network — 10,000+ network hospitals across India for cashless treatment
  • Maternity Benefits — Available as add-on for family planning coverage
  • Tax Benefits — Premium qualifies for tax deduction under Section 80D

Key Benefits

Entire Family Covered

Self, spouse, and up to 4 dependent children under a single affordable policy.

Cashless Treatment

Cashless hospitalization at 10,000+ network hospitals across India.

Maternity & Newborn

Maternity cover and newborn baby coverage from day one in many plans.

Daycare Procedures

Coverage for 500+ daycare procedures that dont require 24-hour hospitalization.

Ambulance Cover

Emergency ambulance charges covered up to specified limits.

Tax Benefits

Premium eligible for tax deduction under Section 80D of Income Tax Act.

Types of Plans Available

Basic Floater

Essential coverage with ₹3-5 lakh sum insured. Good starting point for young healthy families.

MOST POPULAR

Standard Floater

₹10-15 lakh sum insured with wider coverage. Best value for most families with growing children.

Premium Floater

₹25-50 lakh+ sum insured with no room rent limits. Ideal for metro families and comprehensive coverage.

Claim Process

1

Contact insurer or TPA helpline before admission (for planned hospitalization)

2

For cashless: Show insurance card at network hospital for pre-authorization

3

Hospital sends treatment details to TPA for approval

4

Treatment completed — insurer settles directly with hospital

5

For reimbursement: Submit bills within 15-30 days for claim processing

Documents Required

  • Identity Proof of all family members
  • Age Proof of all members
  • Address Proof
  • Previous health insurance policy (for portability)
  • Medical reports (if pre-existing conditions)
  • Passport-size photographs

Frequently Asked Questions

Some insurers allow parents to be included, but premiums increase significantly due to age. Generally, its better to buy a separate senior citizen policy for parents above 60.
Once the shared sum insured is fully utilized by any member, other members lose coverage for that policy year. Consider a higher sum insured or Super Top-Up plan to mitigate this risk.
Yes, most family floater policies allow adding a newborn baby from birth. Some policies cover the newborn automatically for the first 90 days. Contact your insurer to update the policy.
Maternity is available as an add-on in many family floater plans. It typically has a 2-4 year waiting period. Plans cover normal and C-section delivery along with pre and post-natal expenses.
Premium depends on the age of the eldest member, total number of members, sum insured, and city of residence. The eldest members age has the most significant impact on premium.
Yes, IRDAI allows portability of health insurance. You can switch insurers at renewal while retaining waiting period credits. Apply for portability at least 45 days before renewal.
Most family floater policies have a 2-4 year waiting period for pre-existing conditions. Some policies offer reduced waiting periods of 1-2 years at a higher premium.
Family floater is more affordable for families with young members. However, if family members are of different ages (e.g., parents 60+), separate policies may be better as premiums and coverage needs differ significantly.

Explore More Insurance Products

Individual Health Insurance
Senior Citizen Insurance
Critical Illness Insurance
Term Insurance

Get Family Floater Insurance Quote

Compare family health insurance plans from top insurers. Protect your entire family under one affordable policy.

  • One policy for entire family
  • Cashless at 10,000+ hospitals
  • Starting from ₹500/month
  • Tax benefits under Section 80D

Get Family Floater Quote

Protect Your Family Today

Our insurance experts are available to help you choose the right plan. Get a free callback now.

Chat on WhatsApp
Call Now