I am 32 and my parents as well as in-laws live with us, making us a household of six adults and two children. I want to know if there is a single floater insurance that we can collectively buy.

Sumitra Ganguly, Bangalore

Typically, insurers define family for a floater policy as one where the primary insured will be someone like you, and include your spouse and children. Then there are policies that also include parents of the primary policy holder. These days, some insurers also offer policies to cover extended family including in-laws.

The way you are describing the household of six adults, it may be better if you take separate senior citizen health plans for your parents and in-laws than clubbing them all under a single health floater policy. Take a family floater for yourself, your spouse and children. Again, review this policy over time to increase the cover and at some point take a separate policy for your children when they get older.

olmdesk@outlookindia.com