My salary is 60k pm and I am reaching 50 years of age, I am planning to take a mediclaim policy. Can you please help, which policy and how much cover should I look for me and my wife?

Ans: Hi Sunil, there are policies in the market who will provide you with the said coverage within the said premium grid. You can contact us at 02248971018 to explore the plan details or connect directly with an insurer of your choice to know of the various policies and plan as per your requirement.

Ans: Hi Kumar, every insurance policy has its own benefits and one will have to pick according to their requirements. However, check for waiting period, any exclusions, network hospitals etc., while deciding.

Ans: I am sorry for your loss. I understand this is a tough time financially and you're juggling multiple priorities. Here's why a mediclaim policy for your family might be a good idea:

• Peace of mind: Medical emergencies are unpredictable. A mediclaim policy would provide financial cover beyond your company insurance, especially if the hospitalisation costs exceed 10 lakh.
• Security for children's future: Medical bills can derail your savings plan for their education. A mediclaim would ensure their education funds remain untouched.

Finding the right mediclaim policy:

• Family floater plan: Consider a family floater plan where the sum insured is shared amongst you and your children. This is usually cheaper than individual plans.
• Start with a reasonable sum insured: You can start with a sum insured of 5-7 lakhs on the family floater plan. This can be increased later.
• Check for exclusions: Carefully review the policy document for exclusions pre-existing conditions, specific procedures etc.

Balancing cost and coverage:

• Compare quotes online: Use online insurance aggregators to compare quotes from different insurers. They can help you find plans that fit your budget.
• Company vs Individual plan: While your company plan offers some coverage, a personal mediclaim can provide wider coverage and may not be tied to your employment.

Don't forget:

• Disclose pre-existing conditions: Be upfront about any pre-existing conditions to avoid claim rejections.
• Renew on time: Timely renewal ensures uninterrupted coverage.

Remember, a mediclaim policy is an investment in your family's well-being. Weigh the cost of the premium against the potential financial burden of medical bills.