3 min read
Updated on Jul 13, 2022
An employed individual, besides earning a stable salary every month, also gets various other employment related benefits. Gratuity, pension benefits, fringe benefits, leave encashment, etc. are all entitlements which an employee is entitled to. Moreover, employers also provide their employees coverage under a group health insurance plan. Not only employees, their immediate families are also extended coverage under the group health plan. Premiums are often paid by employers and employees enjoy free coverage. Due to this cover, many individuals feel that they do not need a separate health insurance plan for themselves. Is the sentiment correct?
Well, if you are also wondering if your group health cover is enough and you do not need a separate plan, ask yourself these questions first –
Another thing to note is the coverage features. Group health plans provide all the basic coverage features. But what about additional coverage benefits which you might require? For instance, you might need maternity insurance cover which might not be available in your group health plan. A separate health insurance plan bought independently gives you the control over choosing coverage features. Separate plans provide separate coverage benefits. You can choose the required features based on your lifestyle, a choice which is conspicuously missing from group health plans.
An employer sponsored health insurance plan makes you complacent thinking that the cover is enough and you do not need any other health plan. Well, this complacency is wrong. Though a group health insurance plan is good, you need an independent health insurance plan along with it. An independent health plan would give you lifelong coverage which would not depend on your employment status. You can choose the required coverage features under a separate plan and the choice of Sum Insured is also in your hands. Thus, in an independent health insurance plan you get a customizable cover. So, if you have a group health plan, try and supplement your coverage through an independent health plan. If affordability is an issue, you can start with a smaller coverage level and gradually increase it over the years. You and your family deserve the best in healthcare. Don’t let your group plan restrict your benefits. Opt for a separate plan and reap the benefits.
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