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Health Insurance Cover Amount
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18 Apr, 2021
by Aman Sandhu
I am 30 years old , single and working with a PSU. I need to understand what will be sufficient amount to get myself covered for in the base plan for my Health Insurance Plan ?
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07 May, 2021
Aman Sandhu
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07 May, 2021
Chartered Accountant, Personal Finance Advisor
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19 Apr, 2021
CEO, Insurance Samadhan
As you are young and works for PSU , you would have a group cover for all your needs .. But you do not own it and would have it till you are employed.
I recommend , you should also own a budgeyed self insurance fir any emergency .
So go for base of Rs 3 lakh plus super top up of Rs 10 lakh . This will cost you not more than Rs 12000 per year .
Shailesh
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Hi Aman,
It is advisable to go for a sum assured which can take care of your health needs even when you become old. It is advisable to take a cover between Rs.25-50 lakhs if not more.
If budget is a concern you can take a base policy with comprehensive coverage without any sub limits or room rent capping for Rs.10 Lakhs and take a super top up cover of 50 Lakhs with 10 lakhs deduction preferably from the same insurer and at about the same time.
Hope this address your concern