However, super major -up which has no such sub limits and capping could be a great option to cater to such out-of-pocket costs.
By Prasun Sikdar
My wife is aged 50 and I am 56. My son is 22 and my daughter is 19. Till what age can they be integrated in wellness floater policy? —Atul Mohan It depends on the item / corporation exactly where you and your household members are intending to be covered. Generally, in numerous solutions, the dependent kids are covered till the age of 25 years. You may well want to verify with the potential insurers and make a decision accordingly.
I have a household floater policy and my daughter aged 23 is also integrated in the policy. She is acquiring married subsequent month. Can she continue with the policy and avail all the added benefits accumulated more than the final 12 years? —Prashant Kumar The youngster is mandatorily shifted into an person policy when the youngster attains the age of majority as defined in the policy or if the youngster is no more dependent (becomes independent). Since the daughter is acquiring married, her dependence would shift from the current household to the new household if the daughter is not earning. Continuity added benefits are presented on such policies.
My workplace wellness insurance coverage covers myself, my wife and two little ones. If I spend additional premium, my parents can be integrated. Should I go for this or take person wellness insurance coverage for them? —Vipul Arora Employee group insurance coverage does not have any pre-current waiting period. So any hospitalization incidence would be covered from day 1. In retail policy, a pre-current waiting period is applicable. Retail wellness insurance coverage can be renewed lifelong but group coverage ends when the employee exits the group and so the parents could be left without having any insurance coverage. Hence, take an independent retail policy for parents as nicely.
Last year, I paid more than Rs 45,000 for cataract eye surgery. The insurance coverage corporation did not spend the complete quantity as reimbursement. It mentioned the quantity is fixed at Rs 30,000. What need to I do? —A k Rao If there is any capping on specific procedures such as cataract, and so on. , the quantity shall be paid as per the applicable sub-limits. However, super major -up which has no such sub limits and capping could be a great option to cater to such out-of-pocket costs.
The writer is MD & CEO, ManipalCigna Health Insurance. Send your queries to [email protected]