Do you know this health insurance policy option that covers your family for Rs. 1 Crore?So i think you also want to get ready for this.Are you willing to opt this cover to ensure that your family of 4 is 100% financially secure, in case a medical emergency occurs in the future?Don’t worry! Before you give a green signal to this Rs. 1 Crore family health insurance policy, evaluate whether or not it is really an ideal option for you and worth all the efforts?While family health insurance of Rs. 1 Crore may be an ideal solution for high net worth individuals, the fact is that it may not be the perfect health cover for you.
How to Avoid It- “Family health insurance of Rs. 1 Crore is the best cover for your family members and well wisher present, however, after a certain amount of time it will become a money loss to you. There will be nothing wrong if you choose a high health insurance cover for your required person.
But give it a thought while keeping the premium amount in mind. Do you think you will be able to pay approximately Rs. 50,000 or more premium on a yearly basis, without compromising on your basic requirements as well as the quality of life?If still in the thought that you will be able to handle the premium cost with your income that increases with age, think again! Don’t forget that your health insurance policy premium too will increase with your age.It is advisable that if you consider yourself as a common man, be realistic about the health insurance cover you actually need and the amount of policy premium you will be able to afford. Moreover, invest in a health insurance policy that covers you for most of the risks without demanding too much premium in return.
The Insurance industry of India have seen major growth in the past few years. With the introduction of new products and plans, it has not only helped consumers by providing financial protection but also contributed to the nation’s economy. A well-developed insurance sector acts as the backbone of a nation as it supports the citizens […]
1.Proof of Age : The premiums having been calculated on the age of the Life Assured as declared in the Proposal, in case the age is found higher than such age, without prejudice to the Corporation’s other rights and remedies, including those under the Insurance Act, 1938,as amended from time to time, the premiums shall […]
LIC’s Cancer Cover is a regular premium payment health insurance plan which provides financial protection in case the Life Assured is diagnosed with any of the specified Early and/or Major Stage Cancer during the policy term. The policy can be purchased offline as well as online.The plan offers two benefit options wherein you have the […]
