Purchasing medical insurance for you and your family is very important today. Because many illnesses, diseases, injuries and other emergency medical conditions can arise within your family unexpectedly. Medical insurance works like a safeguard to you and your family against financial loss in the event of medical emergencies.
There are various insurance providers in the market offering a medical coverage for your spouse, children and parents. Under Family Floater, the entire family is covered under a single master policy and each member is covered up to the total sum insured. The coverage and premium cost differ from company to company. The premium paid towards the policy is eligible for tax benefit under section 80D of the Income Tax Act,1961.
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