back arrow Back

What is better single individual policy or one big floater health insurance?

reply Share
09 Mar, 2021 by  DS

I have 2 health policies of 20 lakh each (1 with me, 48m & my 19 yr daughter & I with my wife, 47 f & 22 yr son), coming up for renewal.

Better to keep it this way or buy a single policy of a higher amount (40 lakhs-50 lakhs) for all 4? I’m assuming the premium would be about the same.

Thanks in advance!

like like
Health Insurance

1 Answer

10 Mar, 2021
We breathe insurance :)

Hello DS,

A floater that is a sum of individual covers you hold will always be more beneficial. Please go ahead and merge the two policies into one floater plan - it would be of immense value. Do explore the 1 Crore health insurance policies too.

Also, in most policies, once your children cross 25, you will have to move them to their own individual policies - which is good - both of you will hit 50+ by then and that is the ideal time to have a dedicated cover only between the two of you.

Ensure there is no financial limitation in the policy - like room eligibility/capping, copays, surgery limitations, etc. A policy with a good restoration benefit and 100% NCB, in the long run, is also apt.

Hope this was helpful.

Do give back to the community here by sharing your experience of merging your policies with rest of us out here. It would help each of us. Thank you!


Team Beshak

like like
icon-comment 0 Comments
icon-reply Reply

Tired of dealing with call centers!

Get a professional advisor for life!


Rs. 1799


Discover the best tips for insurance every week!

Beshak is not regulated by the Insurance Regulatory and Development Authority of India (IRDAI) and does not have any alliance or association with any Insurance business.
© Copyright 2023 Beshak Solutions Pvt. Ltd. All Rights Reserved.

Disclaimer: The content on the website is purely for information purposes for the public at large, and does not constitute personal financial advice for a specific individual reader.
If you are reading this, it means you love reading the fine print. Why not get paid for what you love doing - Join us by writing to now 🙂