Hello Basu, We have a employer provided health insurance coverage up to 7lakhs. Since this is only as long as you are employed, Is it necessary to plan for additional health insurance on our own now or is it okay to postpone it close to retirement years to have continuous coverage ? Thanks
You must have your own health insurance. You are in right direction. You must not postpone it. Because as age grow, you may face some health issues. Due to this, insurers may reject to provide you health insurance cover to you. Instead, if you buy it now with life time renewal option, then you be safe. Hence, buy it now.
Thank you, that cleared my doubts! Can you suggest any good insurers / products to check with ?
There are many and hard to list any ONE. But you can refer my earlier post ‘Best Health Insurance Company in India-Based on IRDA 2014-15 Incurred Ratio“.