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Topup on Comprehensive Family Health and Individual Term Insurance
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27 Jul, 2023
by Raghavendra Naidu
Hi, Iam Raghavendra, Age-44, DOB-26-101-1979, Family 4 memebers-2 Kids and spouse - Medical insurance taken Comprehensive plan - 15 lakhs - cholamadalam since 2015 , Family members Health Condition- Son 14th Has Acute Lymphoblastic lekumia at the age of 2 years now cured, Self and spouse and my daughter are healthy but keeping the future risk of my son how much TOPUP would you suggest ...? Also regarding term insurance i have taken 75 lakhs cover when my salary was 80000 gross now its 96000 gross do u think i must increase the term insurance proportionately. i have 75 lakhs cover in HDFC and they said it cannot be topup and increase the cover i want to buy additional cover to atleast 1.50 -2 CR kindly advise...
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Hello Raghavendra,
For personalized recommendations about how much top-up cover you should buy, I would suggest you check out our free 1-to-1 personal consultation service. With this service, you can speak to an advisor of your choice and get a comprehensive recommendation PDF report with brands, coverage, floater/individual, super top-up amongst many other recommendations. This report is 100% unbiased and entirely powered by Beshak Research. Sharing the link here for your ready reference: https://www.beshak.org/advisor/
And, yes, unlike health insurance, you can't upgrade your term insurance cover. So, if you think your existing term insurance cover is insufficient, you'll have to buy a new term plan. But before you go ahead, I would suggest you check out Beshak TruMatch - the first-ever term insurance recommendation engine that will recommend the exact cover amount for your family and other customizations you must pick so that your term plan is perfectly tailored to your family’s needs. Here's the link for the same: https://www.beshak.org/insurance/term-life-insurance/trumatch/