The correct answer is C. Both A & B.
A family floater policy is a type of health insurance policy that covers all members of a family under a single policy. This type of policy can be more cost-effective than purchasing individual health insurance policies for each family member, and it can also provide peace of mind knowing that all family members are covered in case of an unexpected illness or injury.
There are several advantages to choosing a family floater policy over individual health insurance policies. First, family floater policies typically have higher coverage limits than individual policies. This means that your family will be able to afford more expensive medical care if it is needed. Second, family floater policies often have lower premiums than individual policies. This is because the risk of an illness or injury is spread out over a larger group of people. Third, family floater policies can provide coverage for pre-existing conditions. This is not always the case with individual health insurance policies.
If you are considering purchasing health insurance for your family, a family floater policy may be a good option. It is important to compare different policies and to shop around for the best rates. You should also make sure that you understand the terms and conditions of the policy before you purchase it.
Here are some additional details about each option:
- Option A: Higher cover would help any family member in case of high cost treatment. This is a major advantage of family floater policies. With a family floater policy, all members of the family are covered under a single policy. This means that if one family member needs expensive medical care, the other family members will not be affected.
- Option B: Premiums are considerably lower than where cover is taken for individual members. This is another advantage of family floater policies. The premiums for a family floater policy are typically lower than the premiums for individual health insurance policies. This is because the risk of an illness or injury is spread out over a larger group of people.
- Option C: Both A & B. This is the correct answer. Both of the above options are advantages of family floater policies.