LIC crosses milestone

Employer’s policy is not adequate for health cover

[ad_1]

The IT company I work for provides health insurance. Should I additionally go for personal health insurance? If yes, which health insurance plan should I go for? I am 26, unmarried and have no pre-existing disease.

—Arun Brahma

I recommend you buy an individual health insurance plan irrespective of employer-sponsored coverage. Most employer-sponsored coverage can be inadequate in case of major surgery or critical illness. You should have coverage equal to your annual income with a minimum of ₹10 lakh. It helps to buy a personal health insurance plan early, as you start accumulating a no-claim bonus, which enhances your sum assured free of cost. Prefer a plan with a high no-claim bonus. You could also consider a super top-up health insurance, which are substantially cheaper than regular health plans. Some plans give you the option to convert the top-up plan into a regular plan at a later date. You can exercise that option in the future.

Abhishek Bondia is principal officer and managing director, SecureNow.in.

Subscribe to Mint Newsletters * Enter a valid email * Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint.
Download
our App Now!!

[ad_2]

Source link

Tags: , , , ,
Previous Post
LIC crosses milestone
LIC of India

China’s ban forces some bitcoin miners to flee overseas, others sell out

Next Post
LIC crosses milestone
LIC of India

A medical camp in Srinagar to help transgender people who have been passed over in the pandemic

Call Now ButtonCall Now