Insurance Awareness - Health Insurance
Which of the following is a disadvantage of a Family Floater Health Insurance policy compared to Individual Health Insurance?
Which of the following is a disadvantage of a Family Floater Health Insurance policy compared to Individual Health Insurance?
medium Q14 of Q15
Step-by-Step Solution
Step 1: Identify Family Floater Disadvantages
In Family Floater policies, the shared sum insured means that if one member makes a large claim, the remaining coverage for others reduces.Final Answer:
Sum insured is shared, which may reduce coverage available per member after claims → Option AQuick Check:
Sum insured is shared = correct choice ✅
Quick Trick: Shared sum insured can limit coverage after claims.
Common Mistakes:
MISTAKES- Thinking Family Floater excludes children or has higher premiums.
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