What happens to family floater policy after divorce?
Hypothetical Situation because we don't have a child insurance policy below 18 years in our country yet. - Husband and Wife around 30 years. Blessed with a Baby. Took a decision to buy a family floater policy (Beshak recommended) ;)
What will happen to this kinda policy IF there is a divorce-like situation down the line?
Does all three have to buy a new policy altogether?
Assumption - There is no active employer policy also.