Beshak Initiative
COVID RESOURCES 2021 Daily updated Articles & questions
back arrow Back

Hi, My parents (M/60 & F/52) are currently covered under Group policy offered by my Employer.

reply Share
07 Jan, 2021 by  vivek.gala@iiml.org

Hi, My parents (M/60 & F/52) are currently covered (3lakhs) under Group policy offered by my Employer.

Since this will not suffice, what options do I have to increase this cover?

(On inquiring with the insurer, I got to know that the cover amount cannot be increased separately on this policy.)


Is it possible to get a top-up policy on this existing group policy?

like like
0
Health Insurance
Parents-Health-Insurance
Opinion

2 Answer

Post
08 Jan, 2021

Hello Vivek,


You must urgently look at finding an adequate health insurance cover of your own for your parents.


Assuming they do not have any medical conditions or history, and both are below 65 years of age - all the mainstream health insurance products are right now available to them - they can go for the best options available in the market.

  • Ensure you buy adequate cover for them - at least 10L each individually (or 20L floater would be better)
  • Ensure there are no room rent limits in the policy. The policy should be without room rent or category limits.
  • No other financial limits - for surgery costs or sharing of claims (copay)
  • Ensure you fill the proposal form right - after doing thorough homework about their health conditions, including any symptoms unaddressed medically too - like joint ache, etc.


Do let us know if this helps in answering the questions you had. Do let us know if you have any follow up questions.


Regards,

Team Beshak

Subscribe to Beshak Newsletter | Beshak.org




like like
0
icon-comment 1 Comments
icon-reply Reply
11 Jan, 2021
vivek.gala@iiml.org
My question was if there can be a top up policy over the group policy that I already have
like like
0
11 Jan, 2021

Yes, you can buy a Super Topup from outside over any health insurance plan, including a corporate employer health insurance plan - Try to buy it in the same month when your corporate policy is getting renewed.


PS: We still recommend you do not depend on your corporate plan - and buy a full cover, especially for your parents.

like like
0
icon-comment 0 Comments
icon-reply Reply
Discover the best tips for insurance every week!
beshak logo

Beshak is your source for clear, research-backed information & analysis of insurance plans. Our sole focus is to help you make well-informed decisions on insurance. We don't sell or advertise insurance plans or companies.

facebook icontwitter iconlinkedin icon

Beshak is not regulated by the Insurance Regulatory and Development Authority of India (IRDAI) and does not have any alliance or association with any Insurance business. © Copyright 2021 Beshak Solutions Pvt. Ltd. All Rights Reserved.

Disclaimer: The content on the website is purely for information purposes for the public at large, and does not constitute personal financial advice for a specific individual reader.
If you are reading this, it means you love reading the fine print. Why not get paid for what you love doing - Join us by writing to info@beshak.org now 🙂