The sum insured chosen is floated on one or the entire family: Means Person(s) named on the schedule of the policy which includes family comprising of the proposer, his/her legally wedded spouse, dependent unemployed children between 3 (three months) to the age of 25 years, unmarried daughters including divorcee, and widowed daughters and dependent Parents or parents-in-law (either of them only). The minimum number of persons to be covered under the policy shall be the proposer plus one family member. Generally *Family floater policy* is cheaper than buying individual policies for family members.