A floater generally shares a defined sum insured among the covered members. Check member eligibility, the treatment of newborns and whether separate individual limits also apply.
Compare the shared limit with the needs of all members, not only one person. Review renewal provisions, age-related terms and the effect of multiple claims in one policy period.
Use the latest official policy documents and ask the insurer or an authorised intermediary for a personalised quotation. News2Wealth provides information; it does not sell insurance or decide eligibility.