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Which health insurance policy a newly married couple should buy?


I am 28 years old and recently got married. I am covered in my corporate health Insurance policy but want to buy health insurance for my wife. Please advise what options are available and what things I should consider before buying health Insurance.

– Sachin

It is good to hear that you know the importance of having an insurance plan. While you are already covered under the corporate health insurance cover, getting a personal health insurance cover is advisable. At least a sum insured of 10 lakh is advisable per person. Talking about your situation, you may choose to buy a family floater plan with a cover of 25 lakh. Also, there are now plans available in the market which provide a cover of 1 crore at a very reasonable price.

Considering that you are recently married, you should look at a plan that provides maternity benefits. Maternity coverage in health insurance is designed specifically for expecting parents to protect them against delivery or pregnancy-related costs, allowing them to feel financially secure as they welcome their new baby into the world. With most insurers offering a waiting period ranging from 24 to 48 months and a few 9 months, it is best to purchase a maternity add-on when you are getting married or at the time of your health insurance renewal. You can avoid the waiting period and plan your family without stress. However, in this case, it is critical to choose maternity coverage before conceiving so that insurance companies do not deny it due to a pre-existing pregnancy. Maternity add-on is primarily an overall coverage that protects against expenses like ambulance-free, pre- and post-hospitalization expenses, and the costs of the baby from birth to 30-90 days.

The query is answered by Sanjiv Bajaj, Jt. Chairman & MD, Bajaj Capital Ltd.

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