Is there any ceiling on the amount for a floater medical insurance plan?
– Gaurav Rastogi
Maximum coverage amount (known as sum insured) varies from insurer to insurer. It is important for a customer to assess the demographics before deciding the coverage amount. Things to keep in mind are: city in which one is residing as the medical cost varies accordingly; family size (larger the family size more should be the coverage amount; type of hospitals in which one would go at the time of hospitalisation (cost varies with hospitals); medical inflation (a sum insured which looks sufficient today may not be adequate in the future).
