Top 5 questions you should ask yourself if your employer provides you health insurance
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Top 5 questions you should ask yourself if your employer provides you health insurance
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Is it adequate for me and my family?
Is the health insurance just for me or is it also for my children, spouse and my dependent parents?
Would my employer provide me health insurance even after my retirement?
Would I be able to pay if the expenses exceed what my employer covers?
Would it cover if I or any of my family member is diagnosed with major illness such as heart attack or cancer?
If your answer to any of the question is 'No', then we suggest that you read on
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Group mediclaim coverage (what your employer provides) is decided by the employer and is often inadequate in terms of coverage limits and does not cover the entire family.
If you decide to leave your company or face lay off, or moving from one job to another, the medical benefits provided by your employer comes to an end and you and your entire family are at risk comes to an end and you and your entire family are at risk
Employer provided insurance comes to an end when you retire when you need health cover the most.
Group mediclaim does not cover treatment of major illnesses such as cancer, heart attack, etc. (these are called critical illness)
Did you know this about Group Mediclaim?
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Our recommendation
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Take independent health cover over and above what your employer offers. When you do that, make sure you also take the Critical Illness cover. By doing so,
You are covered even during switching of jobs under your personal policy
You are covered even after retirement - some companies like Apollo DKV provides health insurance till death
Enjoy discounts on premium when you do not have any claims on your policy
In case of a medical claim, you can claim
Make sure that you take medical insurance for your parents as soon as possible. Most companies do not offer first time insurance past 60 years. But, once you take insurance before they are 60, then they continue to provide cover till 70 or some companies like Apollo DKV provides cover until death.
To shop health insurance for you and your family, click here.
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