In a family floater health insurance plan, how is the premium generally determined compared to individual plans?

easy Q2 of Q15

Insurance Awareness - Health Insurance

APremium is usually lower than the sum of individual premiums

BPremium is usually higher than the sum of individual premiums

CPremium is the sum of individual premiums of all family members

DPremium is fixed regardless of family size

Step-by-Step Solution

Step 1: Understand family floater premium
Family floater plans cover all members under one sum insured and premium, which is generally lower than combined individual premiums.
Step 2: Analyze options
Premium is not fixed and not simply the sum of individual premiums; it offers cost advantage.
Final Answer:
Premium is usually lower than the sum of individual premiums → Option A
Quick Check:
Family floater plans provide economical coverage for families.

Quick Trick: Family floater premiums are cost-effective compared to individual plans.

Common Mistakes:

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