{"id":14837,"date":"2020-07-26T09:03:41","date_gmt":"2020-07-26T09:03:41","guid":{"rendered":"https:\/\/yourchennai.com\/?p=14837"},"modified":"2020-07-26T09:03:41","modified_gmt":"2020-07-26T09:03:41","slug":"5-points-to-consider-before-purchasing-a-second-health-insurance-plan","status":"publish","type":"post","link":"https:\/\/yourchennai.com\/index.php\/2020\/07\/26\/5-points-to-consider-before-purchasing-a-second-health-insurance-plan\/","title":{"rendered":"5 Points to Consider Before Purchasing a Second Health Insurance Plan"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div><p style=\"text-align: justify;\">Buying a second\u00a0health insurance plan\u00a0is not a trivial task. You need to assess several things before buying an additional plan for a successful health insurance investment.<\/p>\n<p style=\"text-align: justify;\">In this article, InsuranceDekho attempts to help potential insurer buyers choosing a second health insurance policy make an informed decision. Before going in for a second health insurance plan, do consider\u00a0the existing conditions and future requirements. Some of these requirements are as follows:<\/p>\n<ul style=\"text-align: justify;\">\n<li>Your age and family members to be covered<\/li>\n<li>Number of family members to be covered under the plan<\/li>\n<li>Current income<\/li>\n<li>Entire family members\u2019 medical record, past and current<\/li>\n<li>Coverage available under the current policy<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong style=\"line-height: 1.5;\">Policy Coverage\u00a0<\/strong><\/p>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-13507\" src=\"https:\/\/yourchennai.com\/wp-content\/uploads\/2020\/05\/InsuranceDekho-Logo-300x167.jpg\" alt=\"InsuranceDekho Logo\" width=\"300\" height=\"167\" srcset=\"https:\/\/yourchennai.com\/wp-content\/uploads\/2020\/05\/InsuranceDekho-Logo-300x167.jpg 300w, https:\/\/yourchennai.com\/wp-content\/uploads\/2020\/05\/InsuranceDekho-Logo-768x427.jpg 768w, https:\/\/yourchennai.com\/wp-content\/uploads\/2020\/05\/InsuranceDekho-Logo-715x400.jpg 715w, https:\/\/yourchennai.com\/wp-content\/uploads\/2020\/05\/InsuranceDekho-Logo.jpg 900w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>If your existing plan is falling short of delivering the promised offerings, then it\u2019s time to look for another plan. Sometimes policies cannot meet a family\u2019s medical needs due to some\u00a0limitations, exclusions or capping features. You should ensure that the second policy acquires\u00a0no sub-limits, co-payment clauses, or any other hidden limitations or exclusions. This will help avert any type of hurdle during hospitalization.<\/p>\n<p style=\"text-align: justify;\"><strong>Top-up Plans<\/strong><\/p>\n<p style=\"text-align: justify;\">Besides going for a second health insurance policy, you can buy a top-up plan. A top-up plan provides coverage beyond the sum insured in the insurer\u2019s existing plan. It enhances\u00a0health insurance features and benefits.<\/p>\n<p style=\"text-align: justify;\">A top-up plan can be bought on an existing plan or as a basic policy. You can opt for such plans either from the current insurer or from any other insurer. If you possess an insurance cover offered by your firm, you can pick a top-up policy on the same and can enhance his saving.<\/p>\n<p style=\"text-align: justify;\">So, consider going in for a top-up plan before buying a new health insurance policy.<\/p>\n<p style=\"text-align: justify;\"><strong>Critical Illness Riders<\/strong><\/p>\n<p style=\"text-align: justify;\">A critical illness rider is an optional add-on feature. It enables policyholders to avail a lump sum (Sum Assured) amount in case he\/she is diagnosed with critical illnesses mentioned in the policy wording. Thus, it can protect you and your family from any financial crunch that may arise due to some unforeseen critical illnesses.<\/p>\n<p style=\"text-align: justify;\">The best thing is that a critical illness rider\u00a0is available at a lower premium rate than the premium paid for second health insurance. You can buy it to compliment his existing health insurance. It can protect you and your family from any financial crunch that may arise due to some unforeseen critical illnesses.<\/p>\n<p style=\"text-align: justify;\">So, it is advisable to opt for a critical illness rider instead of going for another policy in certain cases.<\/p>\n<p style=\"text-align: justify;\"><strong>Look for portability feature<\/strong><\/p>\n<p style=\"text-align: justify;\">The portability feature is an option to change health insurance policy from one insurance company to another without losing benefits the insurer has accumulated.<\/p>\n<p style=\"text-align: justify;\">If planning on buying a second health insurance policy just because the services are unsatisfactory, it is advisable to change the insurer. This way you will not lose the benefits\u00a0of the existing policy.<\/p>\n<p style=\"text-align: justify;\">While availing the portability option,\u00a0you should opt for a higher sum insured (higher than the sum insured of the current\u00a0insurer) with extra offerings and benefits such as critical illness cover. So, portability can be an ideal option to upgrade your existing plan and avail more coverage benefits and better service than before.<\/p>\n<p style=\"text-align: justify;\"><strong>Lifelong Renewability<\/strong><\/p>\n<p style=\"text-align: justify;\">If you have a health insurance policy,\u00a0which allows the renewability option up to a certain age only, then you must opt for a new plan with lifetime renewability feature. This is beneficial because once you reach the age beyond which you can\u2019t renew your policy, a plan with the lifetime renewability allows you to renew your policy lifetime i.e. without any age restriction.<\/p>\n<p style=\"text-align: justify;\">So, even if you forget to renew your plan\u00a0before the due date, the grace period (<em>the policy will be renewable provided you pay the premium within 15 days after the expiry date<\/em>) can give you a chance to renew your plan post the due date without losing its benefits.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buying a second\u00a0health insurance plan\u00a0is not a trivial task. You need to assess several things before buying an additional plan for a successful health<\/p>\n","protected":false},"author":1,"featured_media":13507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7018,30],"tags":[19390,19391,19392],"class_list":["post-14837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investments","category-news-business-political-national-realestate","tag-health-insurance-plan","tag-policy-coverage","tag-top-up-plans"],"views":547,"jetpack_featured_media_url":"https:\/\/yourchennai.com\/wp-content\/uploads\/2020\/05\/InsuranceDekho-Logo.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts\/14837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/comments?post=14837"}],"version-history":[{"count":1,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts\/14837\/revisions"}],"predecessor-version":[{"id":14838,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts\/14837\/revisions\/14838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/media\/13507"}],"wp:attachment":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/media?parent=14837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/categories?post=14837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/tags?post=14837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}