Continuous Adequate Cover should be the basis of any Health Insurance.

Let us ask ourselves, Why do you need Health Insurance?

  • Medical costs are continuously increasing at over 14% per annum. It is impossible to bear the huge costs without Insurance.
  • Lifestyle Diseases are increasing and impact all.
  • Accidents are very common and can happen to anybody, anytime.
  • Adequate health coverage helps us to choose the best doctor, the best hospital, and the best line of treatment. Thus Insurance can be Life Saving.
  • Adequate Health coverage protects your savings and your family's life goals. Hospital bills today are so huge that, Absence of adequate health coverage disrupts your financial stability and disrupts all your family goals.

For the above and more reasons, one can say that it is critically important that we should be covered under Health Insurance adequately every minute of our life without any breaks.

Can you depend on Corporate Insurance for Continuous coverage for a Lifetime?

  • Normally when the employment ends, the medical cover also cease to exist. Group Insurance cannot be ported to Individual Cover.
  • Group Insurance is generally taken by companies to fulfill legal compliances and industry norms, or saving in taxes. The real Insurance need of employees and their families is not the criteria.Everyone in your family has different Insurance needs as per their age, health and family history.Individual policy for each family member as per their Insurance needs is a need of the hour.
  • Many policies have a Waiting period for certain diseases or cover. Thus when you join a new company your policy may not cover everything from day one.
  • Generally when people switch jobs there is a gap in Insurance while switching, which can be a Day or even months. This period without cover is a very high risk.
  • When premiums increase, many companies simply stop the medical cover.
  • Thousands of companies do not have any Health Insurance scheme for their staff; you may still join them as we seldom look at health Insurance as a criteria for selecting employer.
  • Corporate Mediclaim is normally low in value and the sum Insured can be 1-2 Lac or a maximum of around Rs. 15 Lac. Inadequate Insurance is equal to having No Insurance.
  • Corporate Insurances are a Floater and not individual policies that take care of every individual as per their needs. You can expect only general basic features in a group policy.
  • Critical illness or Accidental long term or permanent disability will lead to termination of employment by the employer. In this scenario There will be no Income, The Medical costs will be the highest and there will be no Insurance Cover for protection.