5 Reasons why personal health insurance is important
5 Reasons why personal health insurance is important why health insurance is important in india why health insurance is important in us
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Should I opt for my own health insurance plan when I already have a company
Health Policy This is a question that is often asked and it is actually a valid question because in this video company health plan has its advantages and disadvantages, so we are going to discuss the advantages and disadvantages of continuing with your group health insurance plan. Will tell about Supplement it with an individual health insurance plan, but before we get started, make sure you share it on insurancecasesale.com, so hit the share button.
Let’s start A group health insurance plan is quite a useful compensation benefit and here are five points in support of it.
1. Under a group health insurance plan you do not have to pay any premium as an employee which means your health insurance comes to you free of cost
2. Group health insurance not only covers you but in most cases it also covers your spouse and up to two children sometimes three 3 Waiting periods are exempted from hospitalization in case of most group plans, Which means your health cover starts from the day it is allotted to you, there is no medical check-up before enrolling in group health insurance plan 5 and most importantly group health insurance plans generally covers the east. Current Illness From day one, which is by far the biggest benefit from these plans with these five powerful points, it is quite difficult to argue that an individual health insurance policy will add any value to a corporate group health policy, hence the opposing team here. The arguments presented by Those who believe it makes good financial prudent to supplement your group plan with an individual health insurance policy, here are their points. First the assumption that all organizations offer health insurance benefits, according to the 2015 Profit Trends Survey is flawed as per only 44% of Indian companies a group health cover as an employee benefit means that if you switch to one of the 56% of companies that do not offer group health insurance you could be in danger of a medical emergency. While others can face massive financial stress, second group health continuance benefits are often only a recession away when companies look to ways to reduce expenses and the act will certainly take a toll on the group health insurance program as companies continue to use policies. Reduce the coverage of Rs.5 lakh to Rs.2 lakh or maybe ask the employees to pay.
Apply some part of the premium or some supplement The third argument is the general inadequacy of group health insurance plan Most group health insurance plans have coverage of either 2 lakhs or 3 lakhs Now in the earlier video we have made a case for maintaining your health insurance Presented at least 6 times your monthly salary for someone earning Rs 80,000 per month, our salary or 2 lakh health insurance cover, with an individual health insurance plan under insurance the difference between requirement and actual needs It will be a matter of completion. Ultimately, a corporate health insurance plan will almost never last after your retirement, even if you are covered through these plans throughout your life. Not a good idea because apart from the struggle of finding an insurer who will accept your case you have to deal with the exclusion of the waiting period on any pre-existing disease. And heavy sub-limits on certain procedures is a very effective strategy employed by millions of Indians, both corporate planning and individual planning. This way you have an extra cushion in case your medical emergencies become plentiful along with the confines of the corporate plan. Has high benefits like no claim bonus lifetime renewable and tax benefits if you liked this post hit the like button and share it with your friends and health insurance section on easy money app for more information on everything Don’t forget to see We have discussed in this video Thanks for watching
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