Family Health Policy: Office health policy is not always enough. The entire family cannot be protected by a single health insurance, so experts often recommend taking a separate policy. Know how many health policies are necessary for the family?
Health Insurance for Family: Nowadays, health insurance is no longer just a formality, but it has become a necessity for the safety of you and your family. Many people think that office policy is enough for them, but in reality it does not always work. It helps in minor illnesses, but this cover often falls short in case of major medical expenses or serious illnesses. Therefore, it is important to understand how much and which health policies should be kept for the family, so that any medical emergency does not become a burden for you and your family.
Why should one not rely only on the office health policy?
Most working people have an office health policy. It provides a cover of ₹3 lakh to ₹5 lakh to employees and their families. This is useful for minor illnesses or hospitalization, but for serious illnesses such as cancer, heart attack or long hospitalization, this cover is not sufficient.
Why is personal health policy important?
The main advantage of personal health insurance is that it continues even if you change jobs, take a break or retire. Apart from this, you can increase the cover as per your need and choose add-on options, such as critical illness cover or hospital room upgrade.
Which health insurance is right for the family?
While taking a family health policy, keep in mind that a floater policy only gives total cover. This means that major hospitalization of one member may result in loss of the entire cover. Therefore, it is beneficial to have adequate cover for individual members.
How much policy should there be for the family?
Office Policy: Adequate for small claims and everyday medical needs.
Personal Policy: For serious illnesses, prolonged hospitalization and additional protection.
Separate covers for children and elderly: Taking additional policies or add-ons if needed.
Perfect Combination: Take office policy as a bonus and keep personal policy as your main protection.
How to use health policy properly?
- Claim under the office policy so that the no-claim bonus of the personal policy is protected.
- Get major illnesses covered with a personal policy that includes critical illness and long term hospitalization cover.
- Include hospital room upgrade and allowance cover in the personal policy.
Benefits of taking a separate health policy apart from the office
- The facility continues even after changing jobs.
- Adequate cover is available for serious illnesses.
- Separate protection is available for each member of the family.
- The no-claim bonus remains safe.
- Add-on features are available.
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