Maximizing Health Coverage: The Value of a Private Health Policy in Addition to Your Company Group Policy

I wanted to take a moment to highlight the significant benefits of having a private health policy, even if you are already covered by a company group policy. Here's why it's a wise investment:

1. Continuity Benefit:

A private health policy ensures continuity in coverage. Whether you switch companies, join a smaller company with limited group health coverage, take a break, embark on your entrepreneurial journey, or unfortunately face a layoff, your private policy will provide crucial coverage during periods of uncertainty.

2.Reduced Waiting Period:

Private policies typically have waiting periods for certain procedures and preexisting illnesses. Having your own private policy for more than three years makes you eligible for emergency situations, including those related to preexisting conditions.

3.Continuous Coverage in Retirement:

Unlike group insurance, which is tied to your employment, a private health policy offers continuous coverage even after retirement. Relying solely on a group policy could pose challenges in obtaining private coverage later, especially if you've developed conditions or undergone procedures during periods without private coverage.

4.Affordability through Deductibles:

Concerned about the cost of two policies? Consider the deductible option. By opting for a deductible—for instance, choosing a Rs 1 Lakh deductible for a family of four—you can significantly reduce the premium. Over time, you can enhance this policy to be more comprehensive, especially while your company covers are in place.

5.Flexibility to Opt Out:

Having a private policy grants you the flexibility to opt out of expensive company group insurance if you find it to be a more cost-effective and comprehensive alternative.

Remember, investing in adequate insurance never hurts. If you would like to discuss your specific needs further or receive quotes tailored to your requirements, please feel free to contact me.

For more financial wisdom and information, you can also visit my website at www.arthay.com.

Wishing you continued well-being and financial security.

Check the below quotation for a family of 2 adults and 2 children. You can imagine how easy and convenient to have such powerful health insurance coverage for your family.

Best regards,

Ashish Shete

www.arthay.com