These are the most popular type of coverage under mediclaim and many insurers have attractive benefits and premium cost offers. The coverage under Individual and family floater has its own advantages. Individual mediclaim insurance covers separately and hence the chance of exhausting fully the complete benefits is minimal. Family floater mediclaim is where you pay a single premium amount to get coverage for all the members in your family and it becomes cheaper.
A typical family floater mediclaim insurance coverage will cover for parents and children and not other relatives under single plan. There are insurance companies who have designed bigger family mediclaim insurance which can cover for more relationships. Some of the plans can also cover your extended families.
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