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Change in health insurance policy

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14 Dec, 2020 by  Vaidik Khandelwal

Suppose, a person, aged 26 years, currently has 10 lacs comprehensive policy plus 15 lacs super surplus plan from Star Health. What are the complications involved, or the things that the person should keep in mind, if, in future at the age of 35 years, he wants to discontinue super surplus plan and just increase the comprehensive plan cover to 50 lacs or 1 crore (as per the requirement)?

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Health Insurance
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20 Dec, 2020
Bwealthy Financials

Dear Vaidik,

There are no complications. The premium will be higher. Always go for a plan which you plan to continue life long so that preexisting diseases are covered. There are plans which are cheaper of you are going for a high sum assured like 50 lakhs and 1 crore. Further I wouldn't advice to go for that much amount rather go for a normal health insurance of 10 lakhs max and then also take a critical illness plan for 25 lakhs. Happy to help you and guide you. I run a company Bwealthy Financial Solutions Private limited. We are a group of doctors who help and guide people with the right insurance so that they don't get fooled. Visit us on www.bwealthysolutions.com

Mail me on support@bwealthysolutions.com


With regards,


Dr Geomcy George

Director

Bwealthy Financial Solutions Private Limited

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21 Dec, 2020
Vaidik Khandelwal
Thanks a lot for the answer !
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21 Dec, 2020

Hello Vaidik,


  1. 25 Lakhs is a good cover for a 26-year-old, it is wiser to take the highest cover available as soon as possible before you suffer from any illness or injury-related complications that reduce your chances of an upgrade later.
  2. With most insurance companies you should be able to upgrade your super topup, provided there is no new disease or medical history to be reported. A Super topup with enhanced cover from the same company will more or less work very similar to having one standalone comprehensive cover.


Let me know if this helps.


Regards,

Team Beshak

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21 Dec, 2020
Vaidik Khandelwal
Thanks for your reply ! So that means, it won't matter much whatever the option one selects (either increased top up or enhanced standalone cover). Thanks again !
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