Best India family floater health insurance for family

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If one is looking for a Health insurance policy for covering themselves and their family, the Family Floater policy is the ideal plan for them. The Family Floater is a single policy that takes care of the hospitalization expenses of your entire family. The policy has one single sum insured, which can be utilised by any/all insured persons in any proportion or amount subject to maximum of overall limit of the policy sum insured.

What the advantages of the Family Floater Health Insurance Plan?

  • This health insurance plan is a comprehensive plan that is specific for families with coverage available for self, spouse and upto 4 children. It is similar to individual health plans in its application but the important difference is that the Sum Insured under the policy is for all members of the family. Also the family floater health insurance has options with higher sum insured than individual health plans.
  • One of the principles of this plan is that all members of a family are never found to fall sick or require hospitalisation at the same time and hence, in case one of the family member gets sick and is hospitalised, the total sum insured of the policy can be utilised for treatment of the sick hospitalised member of the family.
  • A family floater health insurance is the best suited option from a premium perspective since the cost of a Family Health plan will be cheaper than purchasing Individual plans for each member of the family.
  • Another advantage is that since all members of the family are covered under a single policy, there is no requirement for keeping track of the renewal of individual policies which could be at different times in the year.
  • The scope of the family floater health insurance plans of some insurance companies are widened to include dependent parents, siblings and parents-in-law as well.
A general thumb rule which can be applied is that for younger individuals with a family, a Family Floater plan is better, but for elder insureds, having an individual plan for each member works fine.
Today there are both Standalone Health Insurers like Apollo Munich, Religare Health, Star Health, Max Bupa and Non Life companies like Tata AIG, Bajaj Allianz, Reliance General, Royal Sundaram among others who offer Family Health Insurance plans.

Check out the most comprehensive Family Plans on

Today there are both Standalone Health Insurers like Apollo Munich, Religare Health, Star Health, Max Bupa and Non Life companies like Tata AIG, Bajaj Allianz, Reliance General, Royal Sundaram among others who offer Family Health Insurance plans.

Below are some of the best family floater plans available in the market:

Insurance Company Family Floater Plan Name Sum Insured Options (₹ lacs) Age / Eligibility Unique Features Pre Existing Waiting Periods
Max Bupa

Max-bupa
Heartbeat Family Floater Plan 2, 3, 5, 7.5, 10, 15, 20, 50 & 100 lacs Any Age Enrolment

Lifelong Renewal
  • Medical treatment abroad for 9 selected diseases (platinum plan only).
  • All day care procedures covered after 90 days (only in Max Bupa).
  • All life threatening medical situations and accidents are covered from day one.
24 months
ApolloMunich

Apollo Munich
Optima Restore Family 3, 5, 10, 15, 20, 25, 50 lacs Coverage is offered from the age of 5 years till maximum entry age of 65 years.

A dependent child can be covered from the 91st day (if either parents are covered under this policy)

Lifelong Renewal
  • The sublimits for patient room and medical expenses is Nil.
  • The New Restore Benefit- Instant addition of 100% basic sum insured to your cover, on your first claim.
  • Multiplier Benefit- Multiplier Benefit Double your sum insured in two consecutive claim free years.
36 months
Star Health

Star Health
Family Health Optima Plan 3, 4, 5, 10, 15, 20, 25, lacs Persons between 18 years and 65 years of age at the time of entry can take this Insurance.

Dependent children can be covered from 16 days and up to 25years of age (upto 3 children).

Lifelong Renewal.
  • No third Party Administrator, direct in-house claim settlement + Network of more than 9600+ hospitals across India.
  • No capping on room rent - Treatment at Single Standard A/C room.
  • Automatic Restoration of SI - 3 times at 100% each time, during the policy period.
24 / 36 months depending on the treatment claimed.
HDFC Ergo

Hdfc-Logo
Suraksha Gold Plan Family 1, 2, 3, 4, 5, 7.5,10, 15, 20, 25, 50 lacs Entry Age : 91 days

Children below 5 years would be covered provided both the parents are covered under our policy

No Maximum Cap on Entry Age

Lifelong Renewals
  • 586 Day Care procedures covered.
  • Sum Insured Rebound - Get additional sum insured equivalent to the admissible claim amount upto a maximum of the basic sum insured.
  • No Room Rent Capping.
  • Free Health Check Up every year.
24 / 36 /48 months depending on the treatment claimed
Bajaj Allianz

Bajaj Allianz
Health Guard Family Plan 1.5, 2, 3, 4, 5, 7.5, 10, 15, 20, 25, 30, 35, 40, 45, 50 lacs Persons between 18 years and 65 years of age at the time of entry can take this Insurance.

Dependent children can be covered from 3 months and up to 30 years of age.

Lifelong Renewals.
  • Sum Insured Reinstatement - In case sum insured along with the cumulative bonus (if any) has been completely exhausted during the policy year, it will be reinstated.
  • In-house claim settlement team that ensures a quick, smooth and easy claim settlement process.
  • Organ Donor Cover - Expenses towards organ donor’s treatment for harvesting of the donated organ are covered under this policy.
48 months
Tata AIG

Tata AIG
Medicare Premier Family 5, 10, 15, 20, 25, 50 lacs Entry Age : 91 days

Children below 5 years would be covered provided both the parents are covered under our policy. Three Dependent children can be covered up to 25 years of age.

Persons between 18 years and 65 years of age at the time of entry can take this Insurance.

Lifelong Renewal
  • No room rent restrictions in.
  • Global Cover: Insured can be covered for Medical Expenses incurred outside India, upto the sum insured provided that the diagnosis was made in India and the insured travels abroad for treatment.
  • Consumables Benefit available.
24 / 26 months
Royal Sundaram

Royal Sundaram
Family Plus Individual SI – 2, 3, 5, 10, 15 lacs

Floater SI - 3, 4, 5, 10, 15, 20, 25, 50 lacs

The customer has to choose one individual sum insured and one floater sum insured from the below available options. The base sum insured has to be the same for all members.
Entry Age : 91 days

Persons above 18 years of age at the time of entry can take this Insurance.

No Maximum Entry Age

Lifelong Renewal
  • Reload Benefit doubles your Base Sum Insured at No Extra Cost.
  • Double the Base Sum Insured in 5 Claim-Free years with our accelerated No-Claim Bonus.
  • Maternity Benefit with Nutrional Allowance Benefit.
36 months
Religare Health

Religare Health
Religare Care 5, 7, 10, 15, 20, 25, 30, 40 lacs Entry Age : 91 days

Persons above 18 years of age at the time of entry can take this Insurance.

No Maximum Entry Age

Lifelong Renewals
  • Annual Health Check up every year if it is a claim free year.
  • Up to 150% No Claim Bonus with NCB Super.
  • Unique Unlimited Automatic recharge.
  • Care anywhere – Global Cover for 12 Critical Illnesses.
48 months


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