Key highlights
Comprehensive Coverage for the Entire Family
A single policy covers all family members, including spouse, children, and dependent parents, eliminating the need for multiple health insurance plans.
Higher Sum Insured at Affordable Premiums
The sum insured is shared among all members, making it a cost-effective option compared to buying separate individual policies.
Cashless Treatment at Network Hospitals
Access to a wide network of hospitals for cashless hospitalization, reducing the financial burden of medical emergencies.
Pre & Post Hospitalization Expenses Covered
The policy covers medical expenses incurred before hospitalization (such as diagnostic tests) and after discharge (such as follow-up treatments and medicines).
No-Claim Bonus (NCB) Benefits
If no claims are made during the policy term, the sum insured increases as a reward for maintaining good health.
Tax Benefits Under Section 80D
Premiums paid for a Family Floater Mediclaim Policy are eligible for tax deductions under the Income Tax Act, making it a financially beneficial choice.
Exclusion
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Pre-Existing Diseases (Waiting Period Applies)
Pre-existing conditions are covered only after a specified waiting period, which varies between insurers.
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Maternity & Newborn Coverage Restrictions
Some policies do not cover maternity expenses and newborn care unless specifically opted for as an add-on.
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Cosmetic & Non-Medical Expenses
Expenses related to cosmetic surgeries, weight-loss treatments, or alternative therapies like naturopathy are usually not covered.
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Self-Inflicted Injuries & Substance Abuse
Any medical expenses due to self-harm, drug or alcohol abuse, or attempted suicide are excluded from coverage.
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Treatment for Certain Diseases in the First Few Years
Specific ailments such as hernia, cataracts, and joint replacement surgeries have a waiting period before coverage kicks in.
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Unproven & Experimental Treatments
Any treatment that is not recognized under mainstream medical practices (such as experimental drug trials) is excluded.
Types Of Family Floater Mediclaim Policy
Basic Family Floater Plan
Covers hospitalization, pre/post-hospitalization expenses, and daycare treatments for all covered family members.
Family Floater with Maternity & Newborn Cover
Includes maternity expenses and newborn hospitalization, usually after a waiting period.
Senior Citizen Family Floater Plan
Specially designed for families with elderly members, offering higher coverage for age-related health issues.
Critical Illness Family Cover
Provides a lump-sum payout for critical illnesses like cancer, heart disease, or kidney failure.
Super Top-Up Family Floater
Offers additional coverage above a deductible limit, making it useful when base policy coverage is exhausted.
Global Family Floater Plan
Covers medical expenses incurred outside India, beneficial for families who travel frequently or have members living abroad.
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Why is it Essential?
A single policy ensures that all family members receive medical coverage, making healthcare management simpler and hassle-free.
Covers expensive medical treatments, ensuring you don’t have to dip into savings during unforeseen health crises.
Since the sum insured is shared, family floater plans are more economical than purchasing separate policies for each member.
Medical inflation is increasing rapidly, and a family floater policy ensures that hospitalization costs remain manageable.
Cashless hospitalization at network hospitals allows families to focus on recovery instead of financial stress.
Knowing that all family members are covered gives you confidence that healthcare expenses won’t disrupt your financial stability.
