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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.
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
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