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

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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?

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Health Insurance
Parents-Health-Insurance
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08 Jan, 2021
Team Beshak

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

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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
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11 Jan, 2021
Team Beshak

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.

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