While shopping for mediclaim , you should keep two things in mind. The sum assured shouldn’t be lower than Rs 5 lakh for metros and Rs 3-4 lakh for smaller towns. Secondly, there are options available to lower the premium cost, especially when it comes to family as a whole. Instead of opting for multiple policies for your family it’s prudent to go for a family floater especially for a younger family.

Family floater covers the family as a whole for a fixed sum assured. So, if you take a policy of Rs 4 lakh, each member of your family (who is covered under the policy) can utilise the entire amount.

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