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A family floater is a health insurance plan that extends the coverage to the entire family rather than just an individual. Simply put, a floater brings all the members of the family under an umbrella cover. Being covered under a floater, every family member gets benefits under a larger common pool.What is a family health insurance plan?
A family floater health insurance plan usually covers husband, wife, and dependent children up to the age of 23 to 25 years or until they get married, whichever is earlier. Some insurers extend coverage to other family members like mother, father, daughter-in-law, father-in-law, mother-in-law, grandfather, grandmother, grandson/granddaughter, etc.What is a family insurance policy?
A family income policy is a type of life insurance that is designed specifically for families with young children. The family income policy is a type of term life insurance.