Difference between Family Floater and Individual Policy

Difference between Family Floater and Individual Policy

What is individual Policy?

Offers coverage on individual basis

What is family floater policy?

Covers entire family in a single plan

Coverage is shared

Difference between

Individual Family Floater• Entire family is covered under a

single policy.• The sum insured is shared

between all the members covered under it.• Premium is determined by the

age of eldest member in the family.

• Only one individual is covered under this policy.• The entire sum insured is

available for only one individual.• Premium is determined by the

age of individual covered under the policy.

Benefits as a customer

More the choice better it is…