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Health is wealth, have you covered your wealth

 
 
 
Thursday, November 21st, 2013 Issue 1013
You are healthy? Don’t Need Health Insurance? Think again…
We all save for our long-term and short-term financial goals. But some unexpected expenses like hospitalization of any family member may put your goals in jeopardy. Answer lies with health insurance to cover yourself & family members from this unexpected expense.Health insurance policy covers children up to age of 21 years in floater policy and after age of 21 years you will have to buy separate health policy for him/her. You will get income tax benefit under section 80-D up to Rs.15, 000.
Important factors to consider while buying health insurance:
  • Health Insurance is renewable for the lifetime.
  • Avoid policy with room rent sub limits as it restricts the room rent.
  • Do not go for policies with Co-payment clause as it is the cost sharing between the insurer and policyholder where you will have to share the hospital bill to the tune of around 20%.
Health Policies with above mentioned features are:
  • ICICI Lombard Complete health
  • Apollo Munich easy health
  • Religare Care
  • HDFC Health Suraksha
  • Reliance Healthwise
  • TATA AIG Medi Prime
Buy separate health policy even if your employer provides you the one as it will discontinue when you change your job or retire. Therefore it is good to buy separate health policy and remain covered for the lifetime.
 
Do you know about
Do you feel that your goals are hurt due to poor decision making? If yes, you too need financial makeover like CRPF employed Om Prakash Tiwari. The recommendations made by Pankaaj Maalde, Head- financial planning, Apnapaisa helped him sort his finances and placed him on the right track.If you too are looking for financial makeover, write to us at: fp@apnapaisa.com.
Read Family Finance in ET Wealth.
Do you know about
Teachers being Taught Finance Fundas - A rare sight! Teachers of Symbiosis School of Liberal Arts, Pune in rapt attention at Mr Harsh Roongta's Workshop on Saturday.See it to beleive it!
Workshop was sponsored by ICICI Pru AMC.
If you want to be part of such workshop, as a participant or sponsors - write to us at:fp@apnapaisa.com.
 
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Editor
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