Individual Health Insurance

Maternity cover is available with most insurers with varying waiting periods, ranging from 2 years to 4 years.

One must buy health insurance as young as possible. Here’s why:

• Buy policy since policyholder are fit and fine 
• Complete the waiting periods at a young age
• The premiums are very less

They can definitely buy health insurance for their parents but please keep in mind that all the pre-existing conditions must be declared with the insurer in the proposal form for successful approval and subsequent policy generation.

We suggest they should because coverage in most corporate health policies is,

• Limited to only ₹2-3 lakhs, which is quite inadequate given the high costs of treatment
• Stops immediately in case of a job switch, job loss, or retirement
• Is subject to change as per employer’s discretion

Therefore, one must always have a personal health insurance policy to take care of any medical expenses at any time.

Yes, they will most likely not be covered by their employer's health insurance post-retirement. So it’s recommended to buy a health insurance policy today.

• And high medical treatment costs can make a significant dent in the retirement savings.

For certain existing illnesses, such as diabetes or hypertension, most insurers do not ask for medical reports. In other illnesses, insurance companies may ask for past medical records.

Yes, few insurers provide up to a 5% discount for purchasing a policy online.

Insured can use up to the Sum Insured in a policy year. However, few policies provide the benefit of Automatic Restoration of Sum Insured. This means if sum insured is exhausted, the insurance company will restore the sum insured at no extra cost. Lot of insurance companies now provide Unlimited Auto Restoration of Sum Insured.

Yes, individuals can have health insurance from multiple insurance providers. At the time of claim, they can choose to pay from one policy or multiple policies.