I am working in private company and have corporate health insurance provided by my company but if I resign from job then is it possible to shift corporate health policy into individual health policy with same benefit?

Insurance company -- The new India Assurance Co. Ltd.

Ans: Yes, you can port your group health insurance to a retail policy without losing continuity benefits like waiting periods. Given your 14-year association with the company, you're eligible for porting benefits. When switching, compare policies to ensure the new plan meets your coverage needs and consider factors like network hospitals and premium costs.

Ans: Yes. Please purchase additional health insurance for yourself now. As we cannot predict the expenses that will be incurred if you get hospitalised

Ans: Hello,
It's understandable that you're concerned about your wife's health insurance coverage during the transition period before you relocate to India permanently. Here are some insights and guidance to help you navigate this situation:
1. Health Insurance for Individuals: Yes, private individuals in India can purchase health insurance policies. Many insurance companies, including Tata AIG, HDFC, and ICICI, offer health insurance plans that cater to individual needs.
2. Coverage: Health insurance policies typically cover hospitalization expenses, including room rent, doctor's fees, medical tests, surgeries, and medication costs. However, coverage for pre-existing conditions such as diabetes, arthritis, and gluten issues may vary depending on the policy terms and conditions.
3. Policy Features: When selecting a health insurance policy, consider factors such as coverage for pre-existing conditions, waiting periods, network hospitals, claim settlement process, and premium costs. Look for policies that offer comprehensive coverage and benefits suited to your wife's specific health requirements.
4. Network Hospitals: Most health insurance providers have tie-ups with a network of hospitals where policyholders can avail of cashless treatment facilities. Before purchasing a policy, ensure that there are network hospitals available in Hyderabad and other cities where you may need medical assistance.
5. Customized Plans: Some insurance companies offer customized health insurance plans for individuals with pre-existing conditions. These plans may provide enhanced coverage for chronic illnesses like diabetes and arthritis. Consider exploring such options to meet your wife's healthcare needs.
6. Consultation with Insurance Advisor: To make an informed decision, consult with an insurance advisor or agent who can guide you through the process of selecting the right health insurance policy based on your wife's health condition, budget, and coverage requirements.
By researching various health insurance options, comparing policy features, and seeking expert advice, you can find a suitable health insurance solution to ensure your wife's medical needs are adequately covered during the transition period.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

Ans: While having health insurance coverage from your company is beneficial, it's essential to evaluate its adequacy and portability. Personal health insurance ensures continuity of coverage during job transitions and provides customized benefits tailored to your family's needs.

Additionally, personal health insurance offers flexibility in choosing hospitals and treatments, ensuring comprehensive coverage for unforeseen medical expenses.

Therefore, considering the uncertainties of job security and the importance of comprehensive health coverage, it's advisable to supplement your company-provided health insurance with a personal policy for enhanced financial protection.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ans: Hello;

It would be better to have a personal healthcare cover apart from the corporate health insurance.

Because you are nearing 40 when typically lifestyle diseases begin, may god forbid.

Also if you change your job, during the intermittent phase, before joining new responsibility the personal healthcare plan comes in handy, if required.

In case you or anyone in your family has a pre-existing disease the waiting period of 2-4 years need to be factored in, before these can be covered.

My suggestion is that buying a personal healthcare cover would be a better option rather then enhancing sum assured in the corporate health insurance.

Do a thorough study or seek help of an insurance advisor before you sign-up.

Best wishes;