IndiaInsurance
11th January 2011, 09:50 AM
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.
More... (http://economictimes.indiatimes.com/personal-finance/insurance/analysis/family-floater-policies-saving-on-multiple-premium-costs-is-the-biggest-advantage/articleshow/7257208.cms)
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.
More... (http://economictimes.indiatimes.com/personal-finance/insurance/analysis/family-floater-policies-saving-on-multiple-premium-costs-is-the-biggest-advantage/articleshow/7257208.cms)