If there has been any time when the need for health insurance is being realized more than ever, it is during the time of this ongoing COVID-19 crisis. With reports of private hospitals charging a few lakhs for offering a bed to patients for therapy of the disease, people who contract the disease and who do not have medical insurance are often left in the lurch. However, with a plethora of options available, what plan do you choose? Here are a few pointers to help you in making your decision. Deciding the sum insured In general, you should have a per capita sum insured of 3-5 lakhs. This means, if you have a total of 4 family members, it is wise to go for health insurance which has at least Rs. 20 lakhs as the sum insured. However, there are other criteria that would also impact this decision, which we look at later. Various conditions that your family members suffer from You need to look at whether it covers the treatment of all pre-existing health ailments that the members of y...
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Showing posts from February, 2021