Importance Of Personal Health Cover

Vivek Law: Here’s a question coming in from Rajat Chhabra. Thanks, Rajat for writing in. Its an interesting question. Is it good to take a top-up in a health insurance policy in a company where I am currently working? 

Dhruv Sarin: People should have their own individual cover. Today, they are working in a company where they have a Rs 3-5 lacs cover but tomorrow if they want to do something of their own, or they decide to move to another company which offers a low sum insured health insurance, then what will happen? Let’s say you stick to a company that has a group cover but you get a medical condition. Getting a personal health cover because of the medical condition becomes tough, then what do you do? So, you should buy an individual personal cover from that perspective. 

[ Also read | What Do You Look For In A Health Insurance? The Policybazaar Show]

For super top-ups, the advantage is let’s say you buy a cover of Rs 5 lacs, and if the hospital bill exceeds Rs 5 lacs, your super top-up will get activated. 

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After five years or between a specific age group, you can make your super top-up to a zero deductible or a basic health insurance plan also. This means that let’s say you have a Rs 5 lacs group cover. You buy a super top-up with a Rs 5 lacs deductible. After 5 years, you can convert that super top-up of Rs 5 lacs deductible to zero deductible with no underwriting. So, with this additional feature, it makes a lot of sense for employees covered by employers to start buying super top-ups.((newsletter))