Policy snapshot
A single shared health insurance policy for the entire family under one sum insured.
What is Family Floater Health Insurance?
Family Floater Health Insurance covers all family members under a shared sum insured that can be used by any insured person during the policy year.
What can it cover?
- Hospitalisation for any covered member
- Day care procedures
- Pre and post hospitalisation as per terms
- Emergency ambulance cover
- Cashless treatment at network hospitals
Who should consider it?
- Families with children
- Couples wanting one policy for the whole family
- Households wanting simplified family health coverage
Key features to understand
- One premium for whole family
- Multiple sum insured options
- No claim bonus and restoration benefits in many plans
- Tax benefit on premium under Section 80D
What deserves attention before you buy?
Coverage, exclusions, sub-limits, deductibles, waiting periods, warranties and underwriting can vary between insurers and policy versions. The policy wording and schedule remain the definitive contract. Novo can help you review the relevant terms for your requirement.
Read the wording, not just the brochure
The schedule and policy wording determine the actual contract.
Compare meaningful differences
Look at exclusions, limits, deductibles, conditions and claim requirements—not premium alone.
Think beyond purchase
Servicing and claims-related support can matter as much as placement.
Frequently asked questions
Yes, in most plans the age of the eldest insured largely drives the premium.
Once the sum insured is exhausted, further claims are not payable unless there is a restoration benefit.