Namshkar sir
Main ye jaanna chahta hu ki jaise kisi ne 5 lakh ka medical insurance le rkha hai aur us yakti ke pariwar main 4 log aur ha to kya har Pariwar ke sadsya ko 5 lakh ka medical insurance milega kripya krke margdarshan kre..
Ans: Coverage for All Family Members
In a family floater plan, the total sum insured is shared among all members. If your policy is for Rs. 5 lakhs, this amount is the maximum limit available for the entire family.
Distribution of Sum Insured
If one member uses Rs. 2 lakhs, the remaining Rs. 3 lakhs is available for the rest of the family within the policy year. The sum insured is not per person but for the family as a whole.
Advantages of Family Floater
Cost-Effective: It's generally more economical than individual policies for each family member.
Flexibility: The entire sum can be used by one member or shared among all.
Disadvantages to Consider
Limited Coverage: If one member uses a significant amount, less is available for others.
Additional Tips
Review Annually: Ensure the sum insured meets your family's needs.
Top-Up Plans: Consider top-up plans for additional coverage if required.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in