What do you mean by Family Floater Policy?

A family floater policy is a single insurance policy that covers all your family members and dependent children with a single sum insured. This family health insurance plan takes care of all medical and hospitalization expenses incurred during the validity of the policy.

In most cases taking a floater health mediclaim policy for your family is a better option as you can enjoy a higher sum insured with minimum premium payment, as chances of multiple family members falling ill together are very remote.