Individual Family

Individual  Family

We need health insurance to take care of future medical expenditures that may arise at any point of time in our lives. Medical insurance takes care of the financial aspect of emergency medical situations or even planned treatments that cost a lot. Moreover as we age, we may develop certain medical conditions. These are considered pre-existing illnesses at the time of taking a new health insurance policy and are covered after a long waiting period by insurance providers. In certain conditions for pre-existing diseases, health insurance may even be denied. It is better to buy a mediclaim before any such situation arises.  It covers almost all hospitalisation expenses for a minimum period of 24 hours. Certain day care procedures are also covered

It is  advised on taking separate health insurance even if your employer is providing it, as jobs have uncertainty attached to them:

•  Employer provided health cover lapses the moment you retire or change the job.
•  When you change the job you might not be covered during the transition period.
•  Group health insurance does not offer any continuity benefits to the insured.
•  Your new employer may not provide you with health insurance.
•  You may not be able to buy a new insurance policy at the retirement age (upper age limit ) or may have the premiums are too high to be effective.
•  Services and conditions covered in a group insurance plan by an employer may differ from your own requirement.