I wish to buy an appropriate health insurance for my family of 4 members – myself (age 44), wife (age 40), elder son (age 17) Younger son (age 11). We are living in Chennai. 1) Shall I go for a coverage of up to 10 lakh which is enough? 2) What are all the plans which will cover larger period of Pre and Post hospitalisation? 3) What is a comprehensive plan and its benefits?
jdhamotharan-1) It depends on the city where you stay. If someone stay in metropolitan then they may require around Rs.10 lakh of insurance. But at the same time, if someone stay in small town or non metro cities then I don’t think this much is required. Ideally one must have around 50% of his yearly salary.
2) Pre and Post hospitalisation perios is almost fixed in all plans. I don’t think one must buy the product based on this alone creteria.
3) Comprehensive health plan is nothing but a plan which covers all expenses related to health issues. Nowadays each insurance company claim that thier XYZ product is pure comprehensive plan. But they all come up with few exclusions or co-payment. Hence, look for the features closely and buy.