logo

Health Insurance

What is the difference between a family floater and critical illness or hospital cash insurance?

What you need to know ?

The individual or family floater health insurance works on the principle of indemnity. This means that these insurance policies will pay you only what you have spent for medical treatment in hospital. On the other hand, the critical illness or the hospital cash insurance pays you the amount insured, irrespective of the amount spent for medical treatment. These are a benefit based policies.


Related Questions

    What happens if the primary insured person of the family floater policy expires?Is the Premium exempted from Income Tax?What is TPA?What is a No Claim Bonus?

    Recent articles