Read more of your interests, read less insurance paperwork
Ditch the paperwork with Plum's group health insurance
Click here to know how Plum helps 3000+ HRs ➝

We understand the importance of safeguarding the health of one's family. One way to do so is through a family floater health insurance plan. This blog will discuss what family floater health insurance is, how it works, and its benefits.

What is Family Floater Health Insurance?

Family floater health insurance is a type of health insurance policy that covers the entire family under a single policy. This policy is designed to cover medical expenses incurred by family members due to illness, injury, or hospitalization.

The sum insured in such a policy is shared among all the members of the family covered under the policy.

How Does Family Floater Health Insurance Work?

The entire family is covered under a single policy, and the sum insured is shared among all the members of the family covered under the policy.

If any family member falls ill and requires medical treatment, the expenses incurred will be covered by the policy up to the sum insured.

For example, suppose a family of four has a floater with a sum insured of INR 5 lakhs. In that case, any family member can avail of medical treatment up to INR 5 lakhs, subject to the terms and conditions of the policy.


  1. Comprehensive coverage: These policies provide comprehensive coverage to all the family members under a single policy.
  2. Cost-effective: They are more cost-effective than individual health insurance policies as the premium is shared among all the family members.
  3. Cashless hospitalization: Most policies offer cashless hospitalization, where the insured can avail of medical treatment without paying any cash upfront.
  4. Tax benefits: Premiums paid towards health insurance policies are eligible for tax benefits under Section 80D of the Income Tax Act.
  5. Add-on benefits: Health insurance policies come with various add-on benefits such as maternity cover, critical illness cover, and accidental cover, among others.

In India, these policies have become increasingly popular as they provide a cost-effective and comprehensive solution to safeguarding the entire family's health.

However, it is essential to choose the right policy that suits the specific healthcare needs of your family.


Family floater health insurance policies are a great way to secure the health of your entire family. Such policies offer a one-stop solution for all your healthcare needs with comprehensive coverage and cost-effectiveness.