Six questions, no jargon, no phone call. Covera compares family floaters from 19 insurers and shows the premium, the waiting periods and the room-rent fine print side by side.
Or see a finished comparison for a family of four in Velachery.
Premiums are zoned by city, and the cashless hospital list depends on it.
Each answer changes the premium or the hospital list. Nothing we ask is for marketing, and you can leave without giving a phone number.
One floater policy shares its cover across the family. Parents over 60 are usually cheaper on their own policy.
Premiums step up at 36, 46, 56 and 66. The oldest adult sets the band for a floater.
Premiums are zoned by city, and the cashless hospital list depends on it.
A five-day ICU stay at a large private hospital in Chennai costs ₹3 to 4 lakh today. For a family of four we usually suggest ₹10 to 25 lakh.
Be exact. Declared conditions get a waiting period of 24 to 48 months; undeclared ones get claims rejected.
We check that it is on the insurer's cashless list before we recommend anything.
Lakshmi Narayanan, 62, on her son’s ₹10 lakh floater. Claim 26-118-6402, Nila Health, February 2026. The clock below is the real one.
Anchor is ₹2,190 a year cheaper. Its room cap would have moved ₹51,430 of this one bill onto the family, because a cap does not just dock the room — the surgeon, the theatre and the scans are all cut in the same proportion.
Kauvery Hospital, Alwarpet · discharge summary 18 Feb 2026
| Item | Billed | Nila pays | Anchor pays |
|---|---|---|---|
| Room and nursing, 4 nights ₹24,000 a night | ₹96,000 | ₹96,000 | ₹80,000 −₹16,000 docked |
| Surgeon, anaesthetist, theatre | ₹1,42,600 | ₹1,42,600 | ₹1,18,830 −₹23,770 docked |
| Investigations, imaging, pharmacy | ₹69,940 | ₹69,940 | ₹58,280 −₹11,660 docked |
| Consumables and non-medical items gloves, sheets, admission kit | ₹18,420 | not payable | not payable |
| Private attendant nurse, 3 nights | ₹11,000 | not payable | not payable |
| Registration and visitor charges | ₹4,220 | not payable | not payable |
| Left for the family to pay | ₹3,42,180 billed | ₹33,640 | ₹85,070 |
Not a list of logos. A table with the lines that decide whether a claim is paid in full, and one recommendation in plain words.
| ₹10 lakh floater, Chennai, family of four | Nila Health Family Floater Plus | Anchor General Family Care | Meridian Health Health Shield |
|---|---|---|---|
| Annual premium | ₹22,140 | ₹19,950 | ₹26,300 |
| Room rent limit | No limit | ₹20,000 a night | No limit |
| Wait on a declared condition | 36 months | 48 months | 24 months |
| Claims settled, FY25 bar runs 85 to 100; the tick is the industry median | 96.4 in every 100 | 89.6 in every 100 | 97.1 in every 100 |
Also compared: Sunrise Assure, Kaveri General, and 14 others including the public-sector four. Insurer names on this page are illustrative; the rows are not.
Accidents are covered from the first night. Everything else waits, and the wait is where the five quotes really differ. Sixty months of one policy, one square a month, for Lakshmi’s declared diabetes.
Anchor and Kaveri make her wait a full year longer than Nila, and two years longer than Meridian, for the same ₹10 lakh. If a condition is already being treated, this grid decides more than the premium does.
“The agent who came home never mentioned room rent. Covera put it on the second line. My father's Kauvery bill was paid in full because we picked the plan with no limit, for ₹190 a month more.”
No account, no phone number, no calls unless you ask for one.