Generally, the value of healthcare insurance is subjective, and depends on the type of plan bought by you, and the level of coverage it offers. However, as per gross statistics, a family floater policy plan of Rs. 5 lakhs, that covers the self, spouse, and one child will cost between Rs. 10,000 to Rs. 17,000 on an annual basis; and a Rs. 5 lakhs individual health plan will cost between Rs. 4000 to Rs. 7000 per year to a middle-aged individual.