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Splitting a Floater Health Insurance Policy
In case of a floater health policy covering husband , wife & young kid. There is a claim with respect to the husband for cancer, which is sucesfully completed & treated. Now on next renewal, proposer wants to split the wife & kids into a new floater policy, so that he can enjoy the entire floater sum insured for 3 people all by himself. As he cannot have a new policy , anytime in future because he is now a sub-standard life.Kindly advise on the same.Thanking You in advance.