If your parents already have some diseases then their needs will be different from your group insurance plan.
Insurance policy should be taken according to the need of parents. Many people are considering upgrading their plan.
In the Corona era, many people feel that their group health insurance plan is not enough for their family. Many people are considering upgrading their plan. In view of the corona epidemic, there is a question in the mind of the people whether they should take a separate plan for their parents or upgrade the group health insurance. We are telling you about this today.
What is a group insurance policy?
Group life insurance is an insurance that the company provides to its employees and their families. A company or firm provides group term life insurance to provide life insurance facility to its employees and their families. This provides financial security to the employees.
Upgrading group health insurance plan will be right
If you have a group health insurance (corporate plan) for your family, then you can increase the amount of cover for your parents. Doing this will be more beneficial for you as there is no waiting period. Therefore, the coverage will be effective immediately. You can talk to your company and upgrade the plan.
‘Super Top-Up’ is also a good choice
If the amount of your insurance cover is not enough, then they can also upgrade their cover with ‘super top-up’. According to experts, taking a ‘super top-up’ cover in such a situation would be right, it will give you more cover at a lower cost. We are telling you about the ‘super top-up’ plan. Super top-up health plans are an additional cover for those who already have a health policy. It is available at a very low price. Since it provides additional cover at a lower price, this is the right option for a person who already has an insurance cover.
Can get a different plan for Corona
If you want to have a separate plan for the corona epidemic, then you can take the ‘corona armor’ plan. It has been designed keeping in mind the health problems of the people during the Corona period. This will cover other expenses related to treatment including hospitalization, before and after hospitalization and in-home care if found corona infected. The insurance cover for Corona Armor Policy is minimum Rs 50 thousand and maximum Rs 5 lakh (Rs 50,000). Is in multiple). The duration of insurance can be at least 3.5 months, 6.5 months and 9.5 months. The premium for the basic cover will be Rs 447 to Rs 5,630 (excluding GST).
If there are already serious illnesses, a different plan will have to be taken
If your parents already have some diseases then their needs will be different from your group insurance plan. Even then it would be right for them to buy a separate insurance policy. All health insurance plans cover pre-existing diseases. But, they are covered after 36 months. However, it is important to tell about pre-existing diseases while purchasing the policy. This does not hurt the claim settlement.
Check the co-payment feature
All plans have a co-payment feature, this is not necessary. But this can be an essential feature in Senior Citizen Health Insurance Plan. Premium rates are also higher for older people. Co-payment means that you will fill a part of the claim and a company. Your share in the payment is pre-decided. Premiums are reduced by opting for payment. The co-payment feature provides some relief.