Health Insurance
I have health insurance from my office. Do I still need a personal health policy?
Yes, and here’s why:
- Job-change risk: Office policy ends when you leave
- Limited coverage: Group plans often have lower sum insured
- Family coverage: Your parents/spouse may not be included
What's the difference between individual and family floater health insurance?
Individual policy
Separate sum insured for each person
- Higher total coverage per person
- Slightly more expensive
- Slightly more expensive
Family floater
One sum insured shared by the entire family
- More affordable premium
- One large claim can reduce available cover for others
- Easier to manage under a single policy
How do cashless treatments work? Is it really hassle-free?
Cashless is pretty smooth when done right:
01
Choose network hospital
Check insurer’s hospital list
02
Show insurance card
At admission counter
03
Pre-authorization approval
Hospital gets insurer’s OK
04
Get treatment
Pay only for non-covered items
05
Walk out
No bill payment, no reimbursement hassle
What should I look for when buying health insurance?
Essential checklist:
- Sum insured: At least ₹5-10 lakhs for family
- Network hospitals: Good hospitals near your home/office
- Claim settlement ratio: Above 90% is good
- Room rent limit: Should match good hospitals in your city
- Co-payment: Lower is better (or none)
- Pre-existing disease coverage: 2-3 year waiting period is standard