When does Child get removed from Family Floater Policy

In India, family floater health insurance policies provide coverage for multiple family members under a single plan. Typically, a family floater policy includes the policyholder, spouse, dependent children, and sometimes dependent parents. The policy provides a combined sum insured that can be shared among the covered family members for medical expenses.

When it comes to the children included in a family floater policy, there are certain age limits that you need to be aware of. The rules for when a child needs to be removed from the policy vary depending on the insurance company, but generally:

• Age Limit for Dependent Children:
  • In most family floater policies, dependent children can be covered under the policy until they reach a certain age, often up to 21, 25, or 30 years old, depending on the insurance company.
  • If a child is still a full-time student, the age limit may be extended by a few years (up to 25 years, for example) to allow coverage while they complete their education.
• Marriage or Independence:
  • Once the child gets married or becomes financially independent, they may need to be removed from the family floater policy, even if they have not yet reached the maximum age limit.
  • Some insurance companies may have specific guidelines on when a child is considered financially independent.
• Notification of Removal:
  • As a policyholder, you should notify your insurance company if any of the dependent children meet the criteria for removal from the policy (e.g., reaching the age limit, getting married, or becoming financially independent).
  • It’s important to follow the insurer’s process for making changes to the policy to ensure compliance and avoid potential disputes.

After a child is removed from a family floater policy, they may choose to purchase their own individual health insurance plan to maintain continuous health coverage. It’s a good practice to guide them through the process of choosing an appropriate plan according to their needs and budget.

Always refer to the policy documents and contact your insurance provider for specific rules and procedures related to removing a child from your family floater health insurance policy.