Individual Plans - Premium are Higher for Family with Individual Sum insured as compared to Family floater.
Family-floater Plans - Here, the sum insured may not be enough for all family members.
Individual Plans - Suits bigger families with senior citizens. + Single individuals without dependents.
Family-floater Plans - Suits well for nuclear families.
Individual Plans - Buy relevant add-ons to have exclusive coverage.
Family-floater Plans - Opt for an increased sum insured to have sufficient coverage for all family members. And Opt for Sum insured Re-instatement benefit.