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Contributor
Shivani Ingle
Posts: 27
Registered: ‎03-06-2017

If I buy a floater health insurance, will it be transferred to my family once I die?

If I buy a floater health insurance, will it be transferred to my family once I die?

1 REPLY 1
Contributor
Priyanka Singh
Posts: 35
Registered: ‎12-07-2017

Re: If I buy a floater health insurance, will it be transferred to my family once I die?

In a family floater health insurance policy, it is possible to change the family composition at the beginning of each policy year. You could add or remove members. In case of death of one of the members, other insured members can continue the plan. Waiting periods accrued will be carried forward from the date of policy inception. Policy will be lifelong renewable for the surviving members. It is important that the surviving family members pay the renewal premium on time and inform the insurer about the death, so that the premium can be reduced.