Whether paying for a two- or 3-year term tends to make you eligible for a discount on premium depends on the solution but in basic, there is a lengthy term discount obtainable for two and 3 years policy tenure.
By Prasun Sikdar
My firm has a group well being program for my family members. Can I port that policy post retirement and continue with the exact same or a new insurance coverage provider? —Rajeev Pathak As per the suggestions on Portability and Migration, all group insurance coverage policy buyers are eligible to migrate into a retail solution supplied by the exact same insurer. This migration, nonetheless, would be topic to underwriting. You ought to strategy your HR group and establish speak to with your group insurance coverage provider and procure facts at the earliest and continue to remain secured.
We are a family members of 4 covered beneath an person well being insurance coverage program with highest age member (52 years). Can we convert it into a family members floater program? —Vibha Gupta This is attainable but topic to the solution and underwriting suggestions of the insurer. However, in the existing situations, exactly where there is a likelihood of the complete family members acquiring infected, continue with the person policies as the coverage shall be obtainable for every single member.In floater plans the premiums are payable, normally basis the age of eldest insured member, which the younger insured might not come across relevant.
Can I spend premium of 3 years in one particular-go? Will I get any discount on it? —K R Srinivas Yes, you can spend your well being insurance coverage premium for a 3-year term at one particular-go offered the insurance coverage corporation has that function obtainable in their solution. Whether paying for a two- or 3-year term tends to make you eligible for a discount on premium depends on the solution but in basic, there is a lengthy term discount obtainable for two and 3 years policy tenure.
My sister is a single mother and is dependent on me and my wife. Can I incorporate her and her minor daughter in our family members floater program which contains my wife, our two sons and I?
A family members floater policy normally refers to self, spouse, two or 3 dependent young children-. You can opt for a floater program exactly where your sister and her daughter are covered as insured members and your sister can be the proposer. You might also go for multi-person policy exactly where spouse, young children, brother and sister, niece and nephew could be covered beneath the exact same policy with person sum insured.
The writer is MD & CEO, ManipalCigna Health Insurance. Send your queries to