New family floater plans are cost-effective but inflexible, here's why

New floater plans covering a large number of family members are cheaper, but enhancing the sum assured can be tricky

In this age of nuclear families, a couple of insurers have launched health insurance plans that cover all the members of a joint or extended family. All members of an extended family can be a part of the policy, irrespective of where they live. These policies offer a few advantages. Senior citizens, who find it difficult to get health insurance, can be included in them. As many as 19 relations can be covered in a single plan. Traditional family floaters don't cover more than two adults and four children in a policy. If a couple wants to include their parents,