What happens if the primary insured person of the family floater policy expires?

First the family should fill up change of request form provided by the insurer. If the primary insured is the eldest member in the family, then for the succeeding years after the death of primary insured the premium would be calculated on the basis of the next eldest member's age.Please note that in case there were only two members covered under the policy then the family floater plan would be converted to an individual plan.