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Difference between Family Floater and Individual Policy
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Difference between Family Floater and Individual Policy
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Transcript of Difference between Family Floater and Individual Policy
![Page 1: Difference between Family Floater and Individual Policy](https://reader031.fdocuments.net/reader031/viewer/2022030317/586e063f1a28ab8a128b4581/html5/thumbnails/1.jpg)
Difference between Family Floater and Individual Policy
![Page 2: Difference between Family Floater and Individual Policy](https://reader031.fdocuments.net/reader031/viewer/2022030317/586e063f1a28ab8a128b4581/html5/thumbnails/2.jpg)
What is individual Policy?
Offers coverage on individual basis
![Page 3: Difference between Family Floater and Individual Policy](https://reader031.fdocuments.net/reader031/viewer/2022030317/586e063f1a28ab8a128b4581/html5/thumbnails/3.jpg)
What is family floater policy?
Covers entire family in a single plan
Coverage is shared
![Page 4: Difference between Family Floater and Individual Policy](https://reader031.fdocuments.net/reader031/viewer/2022030317/586e063f1a28ab8a128b4581/html5/thumbnails/4.jpg)
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.
![Page 5: Difference between Family Floater and Individual Policy](https://reader031.fdocuments.net/reader031/viewer/2022030317/586e063f1a28ab8a128b4581/html5/thumbnails/5.jpg)
Benefits as a customer
More the choice better it is…