Can I Include My Child in My Family Floater Policy?

Yes, policyholders can include their dependent children in a family floater policy. However, this inclusion is subject to specific age limits and eligibility conditions.

After being covered under this healthcare policy, your child can access essential benefits such as preventive health check-ups, ambulance services, and pre- and post-hospitalisation coverage. In fact, a family floater policy is a cost-effective way to ensure medical care for children.

What are the Eligibility Criteria for Children Under a family floater policy?

• Minimum Entry Age:Children are typically covered from 90 days under this policy. However, some specific plans allow coverage from day 1 or 16 days after birth.

• Maximum Coverage Age: Under the family floater policy, financially dependent children are covered up to 25 to 26 years old.

• Transition to Individual Policy:Once your child crosses the maximum age or becomes financially independent, they switch to a separate individual health policy for continuous coverage.

• Special Provisions:In some cases, unmarried or divorced girl children are allowed extended coverage beyond the standard age limit.

How to Add a Child to Your Policy?

• Coverage After Birth: You can often add a newborn baby to an existing plan mid-year, within 30 to 90 days of birth or during the policy renewal period.

• Required Documents: To include your newborn child, you will need to submit a birth certificate and a new proposal form to your insurer.

• Premium Adjustment: Adding a child may lead to a revised premium quote. You have to pay the amount to activate the coverage for your child.

What are the Benefits of Including Your Children Under a Family Floater Policy?

• Financial Protection: Children are often vulnerable to illnesses and accidental injuries. However, a family floater policy helps parents to be protected from unexpected medical expenses and preserve savings without compromising the healthcare quality.

• Immediate Access to Care: Under a family health insurance policy, you can receive the best medical treatment without upfront payment at the network hospitals.

• Adequate Health Management: Regular health check-ups and preventive screenings help detect chronic health conditions early. This eventually ensures long-term well-being.

• Tax Benefits: Under the guidelines of Section 80D of the Income Tax Act, a family floater health insurance is eligible for tax deductions.

Final Words

Adding your child under a family floater policy is a smart and cost-effective investment. In fact, it helps your child to get comprehensive medical coverage right after birth.

This policy will not only provide a child with access to quality healthcare but also offer their parents financial security and long-term peace of mind. However, before finalising your policy, review the terms related to your child coverage, including age limits and the coverage benefits.