Which medical insurance coverage a newly married couple should purchase?

I’m 28 years previous and not too long ago obtained married. I’m lined in my company well being Insurance coverage however wish to purchase medical insurance for my spouse. Please advise what choices can be found and what issues I ought to contemplate earlier than shopping for well being Insurance.

– Sachin

It is sweet to listen to that you realize the significance of getting an insurance coverage plan. While you might be already lined below the company medical insurance cowl, getting a private medical insurance cowl is advisable. At least a sum insured of 10 lakh is advisable per particular person. Talking about your scenario, it’s possible you’ll select to purchase a household floater plan with a canopy of 25 lakh. Also, there are actually plans out there out there which give a canopy of ₹1 crore at a really affordable value.

Considering that you’re not too long ago married, it is best to take a look at a plan that gives maternity advantages. Maternity protection in medical insurance is designed particularly for anticipating mother and father to guard them in opposition to supply or pregnancy-related prices, permitting them to really feel financially safe as they welcome their new child into the world. With most insurers providing a ready interval starting from 24 to 48 months and some 9 months, it’s best to buy a maternity add-on when you find yourself getting married or on the time of your medical insurance renewal. You can keep away from the ready interval and plan your loved ones with out stress. However, on this case, it’s important to decide on maternity protection earlier than conceiving in order that insurance coverage firms don’t deny it because of a pre-existing being pregnant. Maternity add-on is primarily an total protection that protects in opposition to bills like ambulance-free, pre- and post-hospitalization bills, and the prices of the child from beginning to 30-90 days.

The question is answered by Sanjiv Bajaj, Jt. Chairman & MD, Bajaj Capital Ltd.

Catch all of the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
Download The Mint News App to get Daily Market Updates.

More
Less

Subscribe to Mint Newsletters

* Enter a sound e-mail

* Thank you for subscribing to our publication.