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Heads of Families
Family floater policies make it convenient to cover all family members under one plan.
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Family Floater or Separate Individual Policies: Which Structure Suits You?
A family floater is usually simpler and more economical for a young, generally healthy family: one policy, one renewal, and a shared pool of cover that any member can draw on as needed. Its main consideration is that several claims in a single year all draw from the same pool, which is exactly why a restoration benefit is so valuable on a floater. Separate individual policies, by contrast, give each person a dedicated sum insured that cannot be diluted by another member’s claim, which can suit households where one member has greater or distinct healthcare needs.