Bajaj Premium Personal Guard and Apollo Individual Accidental Insurance have variants of the policy under which one can cover Spouse and Child as well with 50% and 25% benefit respectively.
Does this work as individual or floater?
If premium for below three conditions are almost same and that is my limit to spend, which one will be recommended?
1) 25L for self only.
2) 15L for self and 10L for spouse as separate policies.
3) Family plan – 15L, 7.5L(50%) and 3.75L(25%) for self, spouse and child respectively.
I understand that it depends on individual preferences, but I am just asking in general. Also, is it possible to get a separate policy for spouse – if she is not earning?