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In a Family Floater Health Insurance policy, the sum insured is:

easy Q12 of Q15
Insurance Awareness - Health Insurance
In a Family Floater Health Insurance policy, the sum insured is:
ADivided equally among all family members
BApplicable only to the policyholder
CFixed separately for each member
DShared collectively by all insured family members
Step-by-Step Solution
  1. Step 1: Understand Family Floater Sum Insured

    The sum insured in a Family Floater policy is a single amount shared collectively by all insured family members.
  2. Final Answer:

    Shared collectively by all insured family members → Option D
  3. Quick Check:

    Shared collectively by all = correct answer ✅
Quick Trick: Family Floater = One sum insured shared by all.
Common Mistakes:
MISTAKES
  • Assuming sum insured is fixed per member in Family Floater.
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