1815
3 min read
We humans always find pleasure in quantities, our mantra being ‘more the merrier’. Who is satisfied with only one of anything? Even in case of health insurance plans we tend to hold more than one policy to ensure a comprehensive coverage. With the medical costs touching the roof, holding multiple plans is even recommended by experts. So, yes, when you talk about a family floater health plan too, you can have more than one insurance plan in place to cover your family’s health insurance needs.
Multiple floater plans are beneficial because there is a lower chance of exhausting your Sum Assured if there is another policy at your disposal. Given the rising healthcare costs and level of under-insurance in health covers, it would be advisable to go for additional protection plan.
So far so good, but what about making a claim? This might seem the trickiest part. However, the claim settlement process of multiple policies is actually very simple. Here’s how it works:
So, having multiple policies is a good tactic and when you know the claim procedure, your health insurance experience becomes even better.
However, recently, insurance companies have come up with something even better. Instead of opting for two family floater plans, it makes a lot more sense to take a Top Up Health Insurance Plan along with your existing Family Floater Plan. That way, the aggregate premium paid would be lesser than 2 family floater plans and hence can provide higher coverage as well.
Choose wisely!
Also read: Best Family Floater Health Insurance Plans in India | Important Factors to Decide the Right Health Insurance Plan for You and Your Family | Stem Cell Transplant Cost in India – Know who and when requires Stem Cell Transplantation
Found this post informational? Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance and Investment section. You can visit PayBima to Buy Insurance Online.
PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
AYUSH treatments have recently generated massive popularity as an emerging branch of medicine. Looking at the increasing demand for the treatment, it has become imperative.
The year 2024 started with some groundbreaking measures and initiatives in the health insurance sector to facilitate policyholders with better health coverage and benefits. One.
Our knee is an important joint in the entire musculoskeletal system. The support and strength of the knee are pivotal for fluid movement and locomotion..
Updated on Jan 30, 2024 Understanding how OPD and IPD are two different terms in medical science, their coverage in health insurance plans and the.
Updated on Jan 23, 2024 February 10 marks the National Deworming Day observed every year across India. Let us understand the importance of deworming and.
Insurance is an indispensable requirement. However, not everyone can afford individual medical insurance to stay covered against major uncertainties, especially after retirement. If that is.
Updated on Feb 22, 2024 World Cancer Day aims at educating people and spreading awareness about detecting cancer and its prevention and treatment. Let us.
Updated on Jan 23, 2024 Rare Disease Day is an occasion observed on the last day of February every year. This year February 28 marks.
Cancer is a disease that needs no introduction. We all know how deadly the disease is and how rapidly it is spreading across the world,.
Updated on Jan 30, 2024 What is Insurance Regulatory and Development Authority (IRDA)? - Know in Detail The Insurance Regulatory and Development Authority of India.
Speak to our advisor
Mahindra Insurance Brokers Limited (A Mahindra Group Company) - Unit-202, A-Wing, 2nd Floor, Amiti Building, Agastya Corporate Park, Kamani Junction, LBS Marg, Kurla West, Mumbai - 400070. Tel: +91 22 66423800
Licenced by IRDAI License No. 261; License Validity : 17-05-2025; Category : Composite Broker; CIN : U65990MH1987PLCO42609 Member of Insurance Brokers Association of India (IBAI).
Insurance is the subject matter of solicitation.
For a seamless experience, use the latest version of Chrome/Firefox/Internet Explorer.
Copyright © 2024 Mahindra Insurance Brokers. All Right Reserved.
Verify your number to activate your best premium offer
Please enter the OTP sent to XXXXXX 4099 to continue