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Contributor
Dilip Shardul
Posts: 20
Registered: ‎23-08-2017

What is the most perfect health policy for family of 3 with low income?

What is the most perfect health policy for family of 3 with low income?

1 REPLY 1
Contributor
ayush.shukla
Posts: 56
Registered: ‎03-04-2017

Re: What is the most perfect health policy for family of 3 with low income?

There is no such thing as a perfect Health Insurance policy. Please be informed that the purpose of a Health Insurance policy is to protect an individual from major expenses in the event of Hospitalization. For a family of 3, if I were to assume that you live in a Non Metro city in India, then you should consider taking a floater policy for a sum insured of Rs. 3.00 Lakhs. Floater policy would be a policy for in a single policy under a single sum insured, the entire family is covered. Why Rs. 3.00 Lakhs ? In the unfortunate event of an event - medium sized claim (and am n, one can stare at an expense of Rs. 50,000 to Rs. 80,000/- plus and should 2 family members need hospitalization in the same year, then one should plan for at least Rs. 2.00 Lakhs. As a contingency, Rs. 3.00 Lakhs is ideal. With some of the Insurance companies, the difference of premium between Rs. 2.00 lakhs and Rs. 3.00 Lakhs is minimal and if the difference is not much, then one can as well take a policy for Rs. 3.00 Lakhs.