A human possess lot of tangible assets and all have some value. But there is another asset which is also valuable but its form is different which is our health. An individual will good health is able to meet their long term objectives with short term goals as well. An individual remaining healthy and fit enjoys their life to the core. But life is full of contingencies and we are not sure of their arrival too. Thus, in order to protect ourselves from any financial impact, it becomes vital for an individual to get health insurance. Health cover protects an individual by compensating for any health emergency and saves an individual from any hefty financial damage.

Health policy is available in two formats broadly. The first is individual health plan with other being family floater health insurance plan. The main difference between the two is coverage of number of members. Family floater health plans insure whole family under an umbrella policy while individual health assurance policy covers just one individual. Since, health care costs have risen considerably over the past few years, getting whole family insured makes sense. An individual faces this dilemma whether to opt for individual health assurance plan or to go for family floater health insurance plan. In order to buy best health assurance plan, an individual must perform mediclaim policy comparison as this practice will help you to calculate pros and cons of each format. Moreover, mediclaim policy comparison will also enable you to understand your health policy which benefits at the time of making any claim. It further helps an individual to know exclusions to the policy as well. The other benefit of family floater health insurance plan is that if any member of the family meets with an unfortunate incident, remaining members of the family can continue with the cover.

Under family floater mediclaim, the sum assured is shared between all members and thus is available to anyone and to all members of the family in case of any contingency during the tenure of the policy. An individual must compare mediclaim policy in order to find a health cover plan meeting all your requirements. Mediclaim policy comparison can be done with the help of insurance aggregators as they provide various comparison tools including calculators with the help of which an individual can compare mediclaim policy with respect to various aspects. One can compare mediclaim policy in order to get the cheapest policy from among various options available to an individual.