An unexpected hospitalisation can disrupt family routines and create expenses that were not included in the household budget. Family health insurance provides a structured way to prepare for eligible healthcare costs.
A family floater generally covers multiple eligible members under a shared sum insured. This can be convenient, but the entire sum insured is not separately available to every member. If one person uses a significant portion, less may remain for others.
Parents should review newborn and maternity benefits, pre-existing disease waiting periods, room charges, surgery, intensive care, day-care procedures, network hospitals, renewal and continuity conditions.
A single policy may not suit everyone, especially where elderly parents have different healthcare needs. Look beyond premium and compare coverage, exclusions, waiting periods and claim conditions before deciding.