Individual health insurance provides coverage for an individual. The premium for individual health insurance coverage is based on the age, health condition and also the risk profile of the individual. On the other hand, Family floater health insurance covers the entire family under a single policy. Any member of the family can avail of the insurance coverage of the insurance at the limit of the policy and the premium of this insurance is based on the age and health profile of the oldest member of the family.
Benefits: The individual health insurance policy cover separate coverage for each insured individual and based on each insured risk profile. On the other hand, the family floater health insurance coverage all the family members and coverage for dependents such as Spouse, children, and sometimes parents.