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Health Insurance Policy continuation without parent/Mother

27 Jun, 2021 | by AJIT PARIHAR

Hi please suggest,. There is health insurance policy covering mother (as proposer also) with three children in max Bupa since 2015. During month of April mother got died of Covid 19. Now only three children left (all are adult now). Policy is due for renewal in July'21. Please suggest whether policy can be renewed without mother.

My concern is that currently all siblings can't take take family floater without any of the parents.

Health Insurance

1 Answer

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28 Jun, 2021

Asad Akbar

Self Employed - Digital Consultant

Hi Ajit,

Yes, the policy can be renewed without the mother. One of them (preferably the eldest sibling) should become the new proposer of this policy by submitting a CHANGE REQUEST FORM at the time of renewal. Max Bupa has some plans which allow coverage of extended family members together under one family floater policy. One such plan is FAMILY FIRST. Please speak to Max Bupa & they should be able to guide you with this migration.

Another alternative could be for each of the siblings to migrate to an individual health insurance plan of Max Bupa.

They will get the continuity benefits (waiver of waiting periods on PED & mentioned illnesses) regardless of the option that they exercise.

Best Wishes,

Asad Akbar

2 Comments

28 Jun, 2021

AJIT PARIHAR

Thanks for the answer! So, as per you, they cannot continue with same policy, correct? Is there any rule as per IRDA to continue with same family. Since other option which you have suggested, quite be expensive also. Please suggest.

28 Jun, 2021

Asad Akbar

Self Employed - Digital Consultant

Yes, siblings can't be insured under one floater policy. As I said, Max Bupa has a few policy options for extended family. You should seek Max Bupa's advice to know if the 3 siblings can be migrated to one such policy. Alternative would be individual policies for each one of them. The sum total of premium for all 3 could be a little more. Under IRDAI's portability regulations, you also have the option of migrating to another Insurer. But there also, they will have to take individual policies. Just FYI, a family floater policy allows coverage of husband, wife, children, and parents. It doesn't allow coverage of siblings (as would be the case now as one of the siblings would be the proposer/policy owner). I hope this is clear.

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Health Insurance Policy continuation without parent/Mother

1 Answer

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