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Distinction Between Individual And Family Floater Health Insurance
When a person has the right sort of health insurance, they can face any sort of medical crisis without any worries. The prime aim of any family floater health insurance is to enable the family to get the right treatment at the right time. While most people have the ability to get the needed medical care, (thanks to their health insurance plan), there are still some who cannot. There are many times when a person cannot get the required medical treatment merely due to the fact that they do not have enough money to get the same. There are a number of family floater health insurance schemes that are available. But people do not have the ability to understand the importance of the same.
There are many people who do not know the difference between a family floater health insurance policy and an individual plan taken on a family basis. The main point of difference is the fact that the floater plan allows people to share the cover amount. One can easily use the same cover amount for the mother and son in the house. There is no restriction saying that this amount can only be used by this person. In an individual policy the amount ...
... can only be used by the individual who is covered by the plan.
This means that if a mother and son have an individual policy then the son cannot use the mother's amount for a treatment taken by him (even if her amount is untouched). The main problem is that many people seldom look at the difference in the coverage plan. A family floater health insurance would generally turn out to be cheaper than an individual policy taken for each member of the family. Apollo Munich offers customers with a premium calculator where they can check this amount with ease. Customers can choose between individual and floater plans.
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