Well being Insurance coverage: You may shift from group well being plan to particular person or household floater
Coverage premium is determined by the options of the coverage you have got opted for.
By Prasun Sikdar
I had purchased a household floater medical insurance coverage 10 years in the past and didn’t renew it after 5 years as a result of I bought a job that had an insurance coverage cowl from my workplace. After the pandemic, I misplaced my job. Can I port my workplace medical insurance right into a household floater or ought to I’ve to purchase a brand new coverage? —Arvind Kumar Particular person members together with relations lined below an indemnity-based group medical insurance coverage have an choice to migrate on the time of exit from group or within the occasion of modifica-tion of the group coverage or withdrawal of the group coverage, to a person or household floater medical insurance coverage provided by the identical insurer topic to underwriting. On this case, in case you are at the moment not lined below any group medical insurance coverage, you might wish to get you and your loved ones lined below a brand new retail medical insurance coverage.
I might be 69 this month and my spouse might be 61 in April, 2021. We don’t have any medical insurance coverage. I had a bypass surgical procedure in 2016 and now I’m in good well being. My spouse is affected by rheumatic arthritis now. Ought to we take a complete medical insurance coverage? —Jayapal Pillai It’s possible you’ll wish to take a look at completely different covers for each of you because the age group and well being points are completely different. Some insurers have a restriction on entry age past 65 years. As you have got been handled for a coronary heart downside and your spouse has a power situation, verify with some insurers on acceptance as underwriting tips differ from insurer to insurer and product to product. Some insurers have sure plans for senior residents with power well being points.
Will an insurance coverage coverage have a cap on room fees day-after-day? How can it’s elevated and not using a substantial rise within the premium? —Deepak Shashikant Coverage premium is determined by the options of the coverage you have got opted for. There are insurance policies which provide room lease as a per cent of the sum insured, there are some which provide particular room class and even any room with none limitations as a per cent of sum insured. Insurance policies which have capping on room fees even have non-compulsory covers to take away capping or enhancing the room class. It’s higher to have minimal restrictions even when it prices a bit extra premium.
The author is MD & CEO, ManipalCigna Well being Insurance coverage. Ship your queries to [email protected]
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