What is the difference between floater and non floater policy?

What is the difference between floater and non floater policy?

An individual policy means a separate insurance for each person with defined cover. In contrast, in a family floater, the limit can be utilised by any of member. If you buy a family floater of Rs 4 lakh, then any member can utilise this entire limit. Aug 10, 2016

See also  How much life insurance can an 85 year old get?