BusinessInsuranceMoney

Your Queries — Well being Insurance coverage — You may port from group well being plan to household floater from similar insurer – NewsEverything Enterprise

Whether paying for a two- or three-year term makes you eligible for a discount on premium depends on the product but in general, there is a long term discount available for two and three years policy tenure.Whether or not paying for a two- or three-year time period makes you eligible for a reduction on premium is dependent upon the product however normally, there’s a long run low cost out there for 2 and three years coverage tenure.By Prasun Sikdar

My agency has a bunch well being plan for my household. Can I port that coverage publish retirement and proceed with the identical or a brand new insurance coverage supplier?
—Rajeev Pathak
As per the rules on Portability and Migration, all group insurance coverage coverage clients are eligible emigrate right into a retail product supplied by the identical insurer. This migration, nonetheless, can be topic to underwriting. You must method your HR group and set up contact together with your group insurance coverage supplier and procure particulars on the earliest and proceed to remain secured.

We’re a household of 4 coated beneath a person medical health insurance plan with highest age member (52 years). Can we convert it right into a household floater plan?
—Vibha Gupta
That is attainable however topic to the product and underwriting pointers of the insurer. Nonetheless, within the present circumstances, the place there’s a probability of the entire household getting contaminated, proceed with the person insurance policies because the protection shall be out there for each member.In floater plans the premiums are payable, typically foundation the age of eldest insured member, which the youthful insured could not discover related.

Can I pay premium of three years in one-go? Will I get any low cost on it?
—Okay R Srinivas
Sure, you’ll be able to pay your medical health insurance premium for a three-year time period at one-go supplied the insurance coverage firm has that function out there of their product. Whether or not paying for a two- or three-year time period makes you eligible for a reduction on premium is dependent upon the product however normally, there’s a long run low cost out there for 2 and three years coverage tenure.

My sister is a single mom and depends on me and my spouse. Can I embrace her and her minor daughter in our household floater plan which incorporates my spouse, our two sons and I?

A household floater coverage typically refers to self, partner, two or three dependent children-. You may go for a floater plan the place your sister and her daughter are coated as insured members and your sister might be the proposer. You might also go for multi-individual coverage the place partner, kids, brother and sister, niece and nephew may very well be coated beneath the identical coverage with particular person sum insured.

The author is MD & CEO, ManipalCigna Well being Insurance coverage. Ship your queries to fepersonalfinance@expressindia.com

Are you aware What’s ? FE Information Desk explains every of those and extra intimately at Monetary Specific Defined. Additionally get Dwell BSE/NSE Inventory Costs, newest NAV of Mutual Funds, Greatest fairness funds, Prime Gainers, Prime Losers on Monetary Specific. Don’t neglect to attempt our free Earnings Tax Calculator instrument.

telegramMonetary Specific is now on Telegram. Click on right here to hitch our channel and keep up to date with the newest Biz news and updates.

Click here to Get upto 70% off on Shopping

Observe News Everything for News In the present day, Breaking News, Newest News, World News, Breaking News Headlines, Nationwide News, In the present day’s News

#Queries #Well being #Insurance coverage #port #group #well being #plan #household #floater #insurer

Source

Tags

Leave a Reply

Back to top button
Close
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker
%d bloggers like this: