Floater policy helps in covering your entire family under the umbrella of one policy with one sum as a premium and one sum as insured. It helps in covering all kind of costs as covered under medicalim. The only difference is that the cover is now valid for the family instead of one individual.
If need arises, floater policy can be used by any member of the family numerous number of times. The biggest benefit of this policy is that it helps in saving money by allocating the cover to various members of the family.