It is essential to opt for a wellness insurance coverage program at the earliest and not let any unforeseen hospitalisation claims consume up your tough-earned retirement savings.
By Prasun Sikdar
As I am 65 years old, what type of wellness policy need to I obtain and what will be the premium? —Arun Rekhi
It is essential to opt for a wellness insurance coverage program at the earliest and not let any unforeseen hospitalisation claims consume up your tough-earned retirement savings. You need to appear for such plans exactly where there are no restrictions on entry age. If you can afford the premium, thinking about your age, it is advisable to have a complete cover with higher sum insured. You can appear for a program which covers in-patient hospitalisation, day care therapies, pre & post hospita-lisation, ambulance, donor expenditures apart from other wellness and wellness connected rewards. Check for the sub limits and co-spend which can influence your claim spend-outs.
My wife, daughter and I have person wellness insurance coverage of Rs 3 lakh every. Should I convert it into a family members floater for Rs 10 lakh? —M K Prasad
I would suggest a sum insured of Rs 10 lakh or extra as a floater cover provided the truth that in case one particular of you gets hospitalised then you have a adequate cover at your disposal. Most insurers supply a restoration or recharge advantage in their core item proposition which performs seriously nicely in a floater cover and acts as a backup for the family members. Alternat-ively, you might enhance the sum insured by acquiring best-up program.
How can I opt for OPD cover as I am spending a lot of income on medical doctor consultation for my dental issue? —Suresh Narayanan
There are lots of plans accessible which offers the OPD cover. But even though purchasing a program, it is normally greater to go for compre-hensive cover which can take care of all sorts of wellness eventualities and not just dental or OPD connected expenditures. I have an workplace cover and a private floater policy. Last month I had a bypass surgery and the total bill was Rs 5 lakh.
Can I claim Rs 4 lakh from workplace policy and the rest from my private insurance coverage policy? —Ashwin Dang
Of course you can. If coverage from one particular policy is insufficient to spend the bills then you can claim the remaining quantity from an additional policy. The rule is that the identical expense can’t be claimed twice from two diverse insurers.
The writer is MD & CEO, ManipalCigna Health Insurance. Send your queries to