- Webpages
- Documents
- HDFC Life ClassicAssure PlusInvestment
- HDFC Life ClassicAssure PlusInvestment
- HDFC Life ClassicAssure PlusInvestment
For NRI Customers
(To Buy a Policy)
-
![Contact Image]()
Call (All Days, Local charges apply)
-
![Contact Image]()
Email ID
-
![Contact Image]()
Whatsapp
(If you're our existing customer)
-
![Contact Image]()
Call (Mon-Sat, 10am-9pm IST, Local Charges Apply)
-
![Contact Image]()
Email ID
For Online Policy Purchase
(New and Ongoing Applications)
-
![Contact Image]()
Call (All Days & Toll free)
-
![Contact Image]()
Schedule a call
-
![Contact Image]()
Whatsapp
-
![Contact Image]()
Give missed call to buy a policy
-
![Contact Image]()
Email
Branch Locator
-
![Contact Image]()
Locate a branch
For Existing Customers
(Issued Policy)
-
![Contact Image]()
Whatsapp
-
![Contact Image]()
Call (Mon to Sat, from 10 am to 7 pm, Call charges apply)
-
![Contact Image]()
Email
Fund Performance Check
-
![Contact Image]()
Call (Missed Call)
Individual Health Insurance Vs Family Floater Mediclaim
Though the aim of both - individual insurance and family floater plan is to provide insurance cover for the benefit of your capital and your family's needs, the basic approach is different. There are certain things that you must keep in mind while choosing theses plans.
Cost factor is one such parameter. For any family where the age gap between the spouses is small, i.e. for a young family, a floater plan is much cheaper than individual cover. This is because instead of premiums for individual cover of one spouse/separately for both spouses, the premium breakup is higher than that for a joint floater plan for the entire family. Thus, on the point of price of the plan, floater plans score higher than individual ones.
One of the primary factors is the cover factor i.e. the health risk coverage provided by the plan. Viewed from this perspective, a family floater plan is definitely better than individual health cover. This is because being cheaper than the individual plan, a floater plan offers better and cheaper coverage for the family.
However, there is another viewpoint also. While in an individual plan each individual has a dedicated sum insured, in a floater plan the insurance cover is shared. This means that if one family member makes a claim, the cover reduces on the rest (by the concurrent amount). If due to any unforeseen circumstances, all the members require usage of the health insurance cover, a floater plan will not be able to offer complete financial protection for everyone. Also, the fact that floater health plans are cheaper than individual health plans becomes irrelevant if the age gap between the two spouses is large. This means that the cost advantage of a family floater insurance plan diminishes if the age gap between the spouses, or the eldest member, is huge. This can also be linked with the fact that a floater plan can become a financial liability in case of one spouse keeping constrant poor health because this poses the risk the entire insurance corpus being used by one person instead of the cover being extended for everyone in the family.
Hence, the key is to consider all these factors and then deciding which plan to choose.
HDFC Life offers several health insurance plans that are aimed at securing your finances and safeguarding the future of your family. For details, click on the mentioned link: https://www.hdfclife.com/health-insurance-plans
Term Plan Articles
Investment Articles
Savings Articles
Life Insurance Articles
Tax Articles
Retirement Articles
ULIP Articles
Subscribe to get the latest articles directly in your inbox
Health Plans Articles
Child Plans Articles
Popular Calculators
Francis Rodrigues
Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.
Written By:
Vishal Subharwal
Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.
Reviewed By:
Here's all you should know about life insurance.
We help you to make informed insurance decisions for a lifetime.
HDFC Life
Reviewed by Life Insurance Experts
HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER
We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.
Popular Searches
- Term Insurance Calculator
- Investment Plans
- Investment Calculator
- Investment for Beginners
- Best Short Term Investments
- Best Long Term Investments
- 5 year Investment Plan
- savings plan
- ulip plan
- retirement plans
- health plans
- child insurance plans
- group insurance plans
- income tax calculator
- bmi calculator
- compound interest calculator
- income tax slab
- Income Tax Return
- what is term insurance
- Ulip vs SIP
- tax planning for salaried employees
- HRA Calculator
- Annuity From NPS
- Retirement Calculator
- Pension Calculator
- nps vs ppf
- short term investment plans
- safest investment options
- one time investment plans
- types of investments
- best investment options
- best investment options in India
- Term Insurance for Housewife
- Money Back Policy
- 1 Crore Term Insurance
- life Insurance policy
- NPS Calculator
- Savings Calculator
- life Insurance
- Gratuity Calculator
- Zero Cost Term Insurance
- critical illness insurance
- itc claim
- deductions under 80C
- section 80d
- Whole Life Insurance
- benefits of term insurance
- types of life insurance
- types of term insurance
- Benefits of Life Insurance
- Endowment Policy
- Term Insurance for NRI
- Term Insurance for Women
- Term Insurance for Self Employed
- Benefits of Health Insurance
- Health Insurance for Senior Citizens
- Health Insurance for NRI
- Best Term Insurance Plan for 1 Crore
- personal accident insurance
- Annuity Calculator