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Friday 3 February 2023
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Ideal Health Insurance Policy for newly weds

Ideal Health Insurance Policy for newly weds

Never underestimate the importance of health insurance for newlyweds. When you get married, you take on new responsibilities, so the health insurance that your employer pays for may not be enough.

While your employer’s health insurance already covers you, obtaining a personal health insurance policy might be advisable. Each person should have insurance of a minimum of 10 lakhs.

But, managing many individual plans could be more work than managing one family floater plan for the whole family.

And considering the soaring inflation in the cost of medical care, a newly married couple may purchase a family floater plan with Rs. 25 lakh coverage. In addition, there are now plans on the market that provide one crore of coverage for a very reasonable price. *

* Standard T&C Apply

Family floater health plan: In this plan, all of the insured money can be used by you or your spouse or your child in the near future. A family floater plan may take care of the probability of all family members getting sick at the same time or in the same year.

Remember that a Mediclaim policy for family (family floater) can be customised, too, for additional coverage along with your individual health plan. *

On the insurance company’s website, the exclusions and inclusions of a family floater health insurance policy are mentioned in detail. Before buying the policy, you must carefully read them so that you may make an informed decision.

Considering a couple’s recent marriage, they should also investigate plans that offer maternity coverage. *

* Standard T&C Apply

Maternity coverage in health insurance

It is often designed to protect expecting parents against delivery or pregnancy-related costs, allowing them to feel financially secure as they welcome their new child into the world. *

* Standard T&C Apply

A health insurance plan with pregnancy benefits covers multiple expenses associated with hospitalisation, pre-natal and post-natal expenses, and baby care for up to 90 days, including if the baby has a critical illness.

While most insurers offer a 24 to 48-month waiting period (while some offer a 9-month period, too), it may be wise to purchase a maternity add-on when a couple is getting married or when they renew their health insurance. Keeping this in mind, they can avoid the waiting period and confidently plan their family.

Maternity add-on could be primarily an addition to your overall health insurance comprehensive coverage that protects against expenses such as ambulance charges, pre and post-hospitalisation fees, and the costs of the new born from birth to 30 to 90 days. *

* Standard T&C Apply

Benefits of choosing health insurance with maternity cover

One of the most common benefits is that you won’t have to worry about juggling two plans and premium payments. As a result, the policyholder can easily access her full package of maternity benefits under her current health insurance plan.

The monthly payment for a health insurance plan that covers pregnancy and delivery can be lower than the premium for two separate plans. You can calculate this using an online health insurance premium calculator.

Comprehensive health insurance covers multiple risks and health problems. Therefore, the parents can save money on premiums while still safeguarding the health of the mother and kid from catastrophic consequences.

If you choose health insurance that includes maternity coverage, you can remove the coverage once your pregnancy is complete. Your primary coverage may not be affected by the length of your maternity cover. *

* Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.