HOw Much Health Insurance to Buy

HOW MUCH HEALTH INSURANCE COVER SHOULD YOU BUY? We get a lot of reader queries asking for the right amount of health insurance cover to buy and the most efficient way to buy it. We asked the experts on how much health insurance cover is necessary and the most efficient way to buy it. Priya Sunder, director, PeakAlpha Investment Services Pvt Ltd. When you buy health insurance, remember to buy for the future. If a heart surgery cost Rs5 lakh today, it may cost Rs80 lakh 20 years later. The lowest cover you must have is Rs20 lakh, going all the way to a crore. Look for policies that increase your insurance cover every claim free year. Avoid including elderly members in a floater cover. Consider a top up cover with a deductible to enhance your existing insurance. Such covers are cheaper than basic plans since they kick in only after a threshold has been crossed. Buy medical insurance when you are young and healthy and don’t depend on your company’s group health insurance. Mahavir Chopra, director-health, life and strategic initiatives, Coverfox.com With advancement of medical science, people are more likely to suffer and survive a lifestyle disease that will result in medical treatment. Looking at the healthcare inflation coupled with the lifestyle disease epidemic across cities and towns, a future proof health insurance cover for a young family living in an urban area should be a floater cover of Rs10 Lakhs, supplemented with the maximum top-up available, taking the cover to around Rs20-25 Lakhs. Major treatments that today cost an average of Rs5-6 Lakhs and at a 10% inflation will be billed at around Rs10 Lakh in 8 years and Rs20 Lakh in 15 years, that is when you are most likely to need a medical cover. For senior citizens an individual Rs5 Lakh cover with a super top-up cover of Rs5 Lakh should be adequate. Read more at http://starhealthdevarajan.com/news/506 Call 98401 77017 Devarajan for Your Existing/New Insurance Services, needs, Suggestion, Portability Services, Claims Related Services, etc www.starhealthdevarajan.com #medidlaim #மருத்துவக்காப்பீடு #starhealth