Key Changes to Make in Your Health Insurance Policy After Marriage

Important Health Insurance Policy Changes After Marriage

With marriage we enter a beautiful phase of life where we get a partner to share and discuss the important decisions of life. And investment in health insurance is a very important decision for a couple. In case an individual already has a health insurance plan he/she can also opt to make changes in the existing health insurance after marriage. Let us discuss health insurance policy changes after marriage.

Our perspective and priorities somewhat change and we feel more responsible about various aspects in life. This responsibility is not limited to personal and physical things but also delves into our financial matters. Hence, it becomes evident for couples to contemplate about their health insurance plans and other investment policies and make amendments accordingly so that it suits them post marriage. Further, it is also important to invest in a health policy along with other financial instruments post marriage.  There are several investment portfolios that are available such as mutual funds, SIP etc., which one can invest in along with investing in a health plan.

In this blog, we are discussing the various important points to consider before buying best health insurance for young married couples. Further, it also discusses the changes you are required to make in your policy after marriage if you already have a mediclaim cover.

Important Changes to Make in Health Insurance Policy after Wedding

Below are the key changes that you need to make in your best health insurance plans after your wedding:

1. Consider  your exact Healthcare Needs –  In many cases, people who buy health insurance policies during young age may not have the required coverage when they are grown up and married. So, if your health policy does not provide adequate protection as per your requirement, it is time to make certain changes and update your policy. Further, married couples have different requirements which are diverse as compared to that of single individuals. They need health insurance for husband and wife to cover both accordingly. Hence, it is also important to consider them after your wedding and make changes accordingly in your health plan. It is also essential that your policy offers a regular health check-up facility to you and your life partner so that you can monitor your health.
2. Transform your policy from Individual insurance to Family floater plans – If you have been covered under an individual plan before marriage, it is time to shift to a family floater plan now after marriage. When you get married, and eventually when you have kids you would need to have a family floater plan so that you can allow your family enough protection under the plan.  Hence, you need to upgrade from an individual policy to a family floater plan so that you can allow protection to your spouse, your kids, your parents and so on.  Some plans also allow the parents or spouse to stay protected under your family plan. So, while you pay a single premium, you can have coverage for the entire family. Further, you also get tax benefits under family health insurance plans under section 80D of the Income Tax Act.
3. Include maternity benefits under your plan – Almost all health policies provide a waiting period of over 4 years for maternity policies. Only when the waiting period is over, you can think of availing the maternity benefits and health insurance for the wife for childbirth.  So, if you don’t include the maternity benefit under your plan, you will not be able to avail them  when you need it at the time of planning your family.
4. Choose the right insurer for your health Insurance – When you upgrade your health plan or buy a new plan to suit your post marriage requirement, it is better to shift plan to an insurer offering better facilities and service. So, if you are not happy with your current insurance provider, you can easily change it to get your policy from a new and better provider.  Look for the insurer that offers better coverage and has a range of rider covers available.
5. Compare the numerous insurance providers online – There are various aspects associated with a health insurance plan. When you compare health plans online, you get to understand the different aspects in a better way. This helps in making a good decision in terms of buying the best health insurance after marriage for you and your family.   While comparing a plan, consider aspects like policy coverage, waiting period, network hospitals, claim ratio and so on before making your decision.
6. Look for rider facilities – While buying a health insurance policy or while changing health insurance after marriage, you can choose the plan and the insurer as per the add-on covers that  are offered along with the health policy. The add-on cover enhances the coverage of your health insurance and allows better protection. So, while searching for a new insurance policy, look for good add-on covers offered by the insurer.  The add-on covers might help in making the health policy comprehensive and extensive for the policyholders. Some add-on covers include:
   >> Personal accident cover
   >> Critical illness cover
   >> Top-up cover etc.

Know More: Health Insurance on EMIs: Why is it a Good Idea?

To Conclude 

Marriage is a bond wherein a couple shares all good and bad tidings. As you get married, it becomes the responsibility of the couple to safeguard each other’s well being including health. Hence,  it is essential to opt for a flexible Mediclaim policy that you can change as per the changes in your life after marriage. Adding a spouse to health insurance after marriage is one such step that you would like to take after you tie the knot.

So, if you are planning your wedding soon or you are looking for a life partner to settle down in life soon, it is time to incorporate major changes in your health policy that you would require after marriage.

Also read : Advantages of Choosing a Top Up Health Insurance Plan

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