Shopping for well being plan at 65? Go for complete cowl, examine co-pay
It is very important go for a medical insurance plan on the earliest and never let any unexpected hospitalisation claims eat up your hard-earned retirement financial savings.
By Prasun Sikdar
As I’m 65 years previous, what sort of well being coverage ought to I purchase and what would be the premium? —Arun Rekhi
It is very important go for a medical insurance plan on the earliest and never let any unexpected hospitalisation claims eat up your hard-earned retirement financial savings. It is best to search for such plans the place there are not any restrictions on entry age. If you happen to can afford the premium, contemplating your age, it’s advisable to have a complete cowl with excessive sum insured. You may search for a plan which covers in-patient hospitalisation, day care remedies, pre & submit hospita-lisation, ambulance, donor bills other than different well being and wellness associated advantages. Verify for the sub limits and co-pay which might influence your declare pay-outs.
My spouse, daughter and I’ve particular person medical insurance of Rs 3 lakh every. Ought to I convert it right into a household floater for Rs 10 lakh? —M Okay Prasad
I might advocate a sum insured of Rs 10 lakh or extra as a floater cowl given the truth that in case one in all you will get hospitalised then you might have a enough cowl at your disposal. Most insurers supply a restoration or recharge profit of their core product proposition which works very well in a floater cowl and acts as a backup for the household. Alternat-ively, it’s possible you’ll enhance the sum insured by buying top-up plan.
How can I go for OPD cowl as I’m spending some huge cash on physician session for my dental drawback? —Suresh Narayanan
There are lots of plans obtainable which supplies the OPD cowl. However whereas shopping for a plan, it’s at all times higher to go for compre-hensive cowl which might handle every kind of well being eventualities and never simply dental or OPD associated bills. I’ve an workplace cowl and a private floater coverage. Final month I had a bypass surgical procedure and the full invoice was Rs 5 lakh.
Can I declare Rs 4 lakh from workplace coverage and the remainder from my private insurance coverage coverage? —Ashwin Dang
In fact you possibly can. If protection from one coverage is inadequate to pay the payments then you possibly can declare the remaining quantity from one other coverage. The rule is that the identical expense can’t be claimed twice from two completely different insurers.
The author is MD & CEO, ManipalCigna Well being Insurance coverage. Ship your queries to [email protected]
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