Family Floater Vs Individual Health Insurance
Now that you've decided you want a health insurance policy you are wondering how to get your family. In India, floating Family and individual choices of health insurance are in front of you and this is what they offer.
Family Floater is a policy that covers more than one family member close the lid. Here, a cover plate is common to all members of the family, that is, if the Shah family of four to cover 4 lakh, the whole family can claim up to Rs. 4 lakh together. In general, two adults and two children in general floater policy.
The main points
- It's cheaper than individual policies.
- It is ideal for young families with members with low health risk.
- You can add to your immediate family as spouse and children.
- Another advantage is that if only one request per year, a family member receives a greater amount of credit compared to what could be a single cover.
Ex: Mr. Shah and Mr. Mishra are good friends. Both understand the importance of health insurance and bought it for myself. Mr. Shah has gone ahead and bought a cover of Rs. 3 lakh for his family too.
In a freak car accident, Mr. Shah and Mr. Mishra was badly injured. The cost of medical expenses went up to Rs.2.5 lakh for both. Mr. Shah and Mr. Mishra was a cover on both Rs.1 lakh individual policies, Mr. Shah was an additional security of Rs. 3 lakh to his family float so that he need not pay a penny, when Mr. Mishra was the bark of R 1.50 lakh out of his pocket.
So, Mr. Shah was doubly assured himself, and then saved from financial problems.
Chutes:
- The main disadvantage of floaters is that if you have more than a year of opposition to the family, other family members will be difficult to cover the case of the family of Mr. Shah.
- The policy is valid until the author has 60 years or 65 years and the maximum age for renewal in accordance with the policy.
- In general, you can cover only members of their immediate families, not even his parents, brothers and sisters, except in the East 'floating Happy Family ", where you can meet your parents.
- Individual health policy is a policy whereby each insured member is entitled to the full amount separately.
Strengths:
- The policy extends to family members, as parents, in-laws.
- An individual policy is ideal for older families and the health risk is over.
- No age restrictions of the maximum age for members of renewables.
- You can take advantage of the load and reduce until the expiration of the policy.
Downers:
The policy is costly for families with low health risk.
Take, for example, Shah family and the family Mishra to better understand the concept.
Mr. Shah is 55 years old with a wife of 48 years and with children 20, 16
Premium for India Family Floater Insurance United is Rs 12,813 for a total coverage of Rs. 3 lakh.
If the family goes to the individual policies of the company's premium RS. 14, 676 and the cover is 2 lakh for each family member and a total of more than Rs. 8 lakh families. (4 members 2lakhs x)
For an additional premium of Rs 1863, each family member is treated separately, and therefore not in danger of falling short when there is significant demand for another member.
Thus, the Shah family are advised to go for individual health policy.
Now, Mr. Mishra is 30, Ms. Mishra is 28 years old and children aged 8 and 3
The float of the family for them is Rs 5338 to cover 3 lakh.
Political and unit costs Rs 8765 for coverage of 2 lakh individually what amounts to a total coverage of Rs 8 lakh for the whole family. (4 x 2 lakh members)
Even in this case, the difference between the premium is lower, but the family should ideally have a float in the family because for them the risk seems small for his age.
From an economic point of view, the choice of Floater seems to benefit the entire family of children, but in the long term, it is important to include separately so that the pre-existing diseases covered and secure.
So even though both have their advantages and disadvantages, ideally, should be a separate coverage for himself and his family, the power supply system for the whole family in the long term.
Family Floater is a policy that covers more than one family member close the lid. Here, a cover plate is common to all members of the family, that is, if the Shah family of four to cover 4 lakh, the whole family can claim up to Rs. 4 lakh together. In general, two adults and two children in general floater policy.
The main points
- It's cheaper than individual policies.
- It is ideal for young families with members with low health risk.
- You can add to your immediate family as spouse and children.
- Another advantage is that if only one request per year, a family member receives a greater amount of credit compared to what could be a single cover.
Ex: Mr. Shah and Mr. Mishra are good friends. Both understand the importance of health insurance and bought it for myself. Mr. Shah has gone ahead and bought a cover of Rs. 3 lakh for his family too.
In a freak car accident, Mr. Shah and Mr. Mishra was badly injured. The cost of medical expenses went up to Rs.2.5 lakh for both. Mr. Shah and Mr. Mishra was a cover on both Rs.1 lakh individual policies, Mr. Shah was an additional security of Rs. 3 lakh to his family float so that he need not pay a penny, when Mr. Mishra was the bark of R 1.50 lakh out of his pocket.
So, Mr. Shah was doubly assured himself, and then saved from financial problems.
Chutes:
- The main disadvantage of floaters is that if you have more than a year of opposition to the family, other family members will be difficult to cover the case of the family of Mr. Shah.
- The policy is valid until the author has 60 years or 65 years and the maximum age for renewal in accordance with the policy.
- In general, you can cover only members of their immediate families, not even his parents, brothers and sisters, except in the East 'floating Happy Family ", where you can meet your parents.
- Individual health policy is a policy whereby each insured member is entitled to the full amount separately.
Strengths:
- The policy extends to family members, as parents, in-laws.
- An individual policy is ideal for older families and the health risk is over.
- No age restrictions of the maximum age for members of renewables.
- You can take advantage of the load and reduce until the expiration of the policy.
Downers:
The policy is costly for families with low health risk.
Take, for example, Shah family and the family Mishra to better understand the concept.
Mr. Shah is 55 years old with a wife of 48 years and with children 20, 16
Premium for India Family Floater Insurance United is Rs 12,813 for a total coverage of Rs. 3 lakh.
If the family goes to the individual policies of the company's premium RS. 14, 676 and the cover is 2 lakh for each family member and a total of more than Rs. 8 lakh families. (4 members 2lakhs x)
For an additional premium of Rs 1863, each family member is treated separately, and therefore not in danger of falling short when there is significant demand for another member.
Thus, the Shah family are advised to go for individual health policy.
Now, Mr. Mishra is 30, Ms. Mishra is 28 years old and children aged 8 and 3
The float of the family for them is Rs 5338 to cover 3 lakh.
Political and unit costs Rs 8765 for coverage of 2 lakh individually what amounts to a total coverage of Rs 8 lakh for the whole family. (4 x 2 lakh members)
Even in this case, the difference between the premium is lower, but the family should ideally have a float in the family because for them the risk seems small for his age.
From an economic point of view, the choice of Floater seems to benefit the entire family of children, but in the long term, it is important to include separately so that the pre-existing diseases covered and secure.
So even though both have their advantages and disadvantages, ideally, should be a separate coverage for himself and his family, the power supply system for the whole family in the long term.
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