Heartbeats

Have you purchased individual health policy along with corporate policy ? If yes, do you feel like wasting money !

Spending money on individual health policy (family floater) when you already have corporate policy, is it a good idea ?

Most google searches will say Yes, but want to know your experience.

21mo ago

Yuvas

You will never know when issues might pop up. You will not be covered when you are between jobs or if you get laid off abruptly.

Always have a separate health insurance plan (individual or family floater) apart from your corporate plan.
Apart from the reason stated in the first line, when you buy a new policy, there will be a waiting period for certain diseases or some pre existing condition.
So it's better you buy one right away.

And also remember, always use your corporate health insurance for claims first. This will allow you to accumulate no claim bonus in your personal/ family floater policy.

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Kalr21mo

Thanks !

rammmzz21

Northern Trust Corp.21mo

Well I feel, instead of buying another health insurance when you are already under corporate one isn’t useful. Instead one can go for a top up plan on the same corporate health cover.

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Kalr21mo

Thanks !!

isNaN

Stealth20mo

Personal health insurance is a must. No arguments there. First, health insurance coverage, illness cover increases over the years. So, you cannot expect your health insurance to give you all the benefits from day 1. Once your health insurance is old, your benefits increases . Corporate insurance is only valid till you have jobs and usually the cover is less in corporate. You already have a rebate on medical insurance and expenditure, so it's not a waste of money anyway

isNaN

Stealth20mo

Rebate= tax rebate

LazyStrip94

Apollo.io21mo

I was hospitalized when I was 23. Employer's insurance covered most of it. But now I can't get a cover of more than 5L, for personal insurance, because of the complications from when I was hospitalized. If I had personal insurance from before being hospitalized, I wouldn't have to stash medical-emergency funds.

Get it while you can. Personal insurance is a must.

BleakCurl51

SteelEye21mo

Take insurance plan like HDFC optima which increases your claim amount by 50 pcnt Every year on which you make no claim..then you won't feel like waste at least for first 2 years

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