Personal health insurance with corporate insurance
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It is always recommended to have personal health insurance as we cannot rely on company provided health insurance(might need to leave company, company might remove etc.).
Doubts:
1) If some disease comes up after buying personal one say in 1-2 months, if claim is not done on personal(rather claim using corporate) i) required to declare to personal one at same time? ii) When will it be required to be declared - next renewal?
2) In which cases they can terminate personal policy or hike premium so much that there's no use of policy. Basically is it better to buy before if thinking some disease is coming and have only corporate cover(which will be utilized but can't have it forever, plan for future(1-2yr+) is to use personal one).
3) Is there any benefit to starting policy before turning age milestones? like 25, 30, 35? e.g. buying before turning 30 i.e. at 29 or will the premium will be set anyway at same amount after 30.
Feel free to share any more tips for above discussion.
TIA.
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you are not liable to declare the disease which has occurred after taking the policy, even if you are claiming with corporate policy.
Until and unless your personal insurance company is asking for underwriting again, which is generally not asked until you port/migrate to different company/plan.
1. Disclosure not required.
2. In case of proven fraud e.g. you had a disease but not disclosed during purchase.
3. Depends on company and policy. But it is usually stupid to wait for auspicious time and date to buy an insurance policy.
Thanks for answering, no diseases but not feeling well and just fearful if get hit by something in tests. So want to purchase personal insurance before as if disease premium might shoot up or dont get insurance ?
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get health insurance even for new born. you can decide the SA based on your choice but buy insurance