We talk about the importance of having health insurance in place but we never talk about which type of insurance is better. In most cases, experts and related articles refer to individual health insurance plans while suggesting the right insurance scheme. However, they often forget to consider the family, the existence of which is likely possible.
Family floater, as the name suggests, is a health insurance scheme which covers members of the family against any type of medical illness. That said, the best part about the said insurance scheme is, the availed coverage limit can be used by any of the insured members or can be equally divided amongst each one of them. For instance, if a person A falls sick and goes through treatment which costs around 4 lakh, and the total coverage available under the insurance scheme is Rs 4 lakh - he/she can get the entire amount reimbursed.
Read More- Best family Floater health insurance Plans In India
Why family floater is important?
- For senior citizens,
The uncertainties of modern life poses a threat to our very existence. Thus, making sure you make thoughtful lifestyle chances and have access to the best medical treatment is more of a necessity than a luxury.
In view of this, let’s know the advantages of a health insurance you must not overlook -
- It helps you stay covered during a medical crisis and tackle financial emergencies without stress. Especially in times when the rising cost of medical is a cause of concern, a proper health insurance plan provides numerous benefits. For instance, the critical illness plan extends cover against lifestyle diseases such as cancer, cardiac arrest etc.
- A few days of hospital stay can take a toll on your savings. It can force you to compromise on your lifestyle or even not get the right treatment intended to cure the disease. Keeping all such scenarios in mind a comprehensive health plan for your and your family offers the right cover, at the time when you need it the most.
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Planning to buy a critical illness insurance? Take a look at the various key factors you need to consider while buying an insurance policy for yourself.
#Sum Insured: Medical inflation rate is a thing and it is expected to rise in near future. In some years, getting the basic health care facilities would start costing a fortune. Therefore, the first and foremost factor is the sum assured. Gauge your future need and choose medical insurance policies providing a high sum insured.
Read More- What is critical illness Insurance?
#Survival & waiting period: Not all but certain critical illness policy have a clause which requires the insured to survive for a certain number of days to make a claim. If you are choosing a policy which has such conditions, you might be doing your insurer a favor. Avoid making such mistakes and compare your insurance options comprehensively before applying.
#Ailments covered: It is a well-known fact that a majority of health insurance policies don’t cover
