difference between family floater and individual policy
TRANSCRIPT
Difference between Family Floater and Individual Policy
What is individual Policy?
Offers coverage on individual basis
What is family floater policy?
Covers entire family in a single plan
Coverage is shared
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.
Benefits as a customer
More the choice better it is…