FAMILY FLOATER MEDICLAIM POLICY
(Existing policy holders should continue renewals but this policy is not in force now)
We have designed a new Policy called as Family Floater Mediclaim Policy for covering all the family members with one sum insured. All the terms and conditions of Individual Mediclaim Policy 2007 will be applicable for Family Floater Mediclaim Policy with following amendments.
Floater Benefit: Floater benefits means the Sum Insured as specified for the proposer under the policy, is available for any or all the members of his /her family for one or more claims during the tenure of the policy.
Family Members: The Family Floater Mediclaim Policy can be issued to the persons up to 60 years of age covering the following family members:
Dependent children – Maximum two
The persons insured under this policy can continue their insurance beyond 60 years of age.
Other Family Members: Parents / Parents-in law / Brothers & Sisters are not covered under Family Floater Mediclaim Policy even if they are residing with the proposer.
Sum Insured: Minimum Sum insured is Rs.2 lacs and Maximum sum Insured is Rs.5 lacs.
Premium is as per Individual Mediclaim Policy (2007). The basic premium will be as per highest age of the family member. Apply 50% loading for covering spouse, and 25% loading for covering each and every additional dependent child.
The loadings for pre-existing conditions and pre-acceptance health check up at the time of insurance is applicable as per underwriting guidelines for Individual Mediclaim Policy (2007).
Cumulative Bonus: Not available.
Health Check up Benefit: Not available.
Family Discount: Not available.
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