Medical inflation in India has been running well above general inflation for years. A single hospitalisation can undo years of careful saving. Health insurance exists so that a health emergency never becomes a financial emergency.
Employer cover is rarely enough
Many families rely only on a group policy from an employer. That cover usually ends the day you change or leave a job, and the sum insured is often modest. An independent family floater — which you own regardless of employment — gives you continuity and control.
Individual vs floater plans
An individual plan covers one person with a dedicated sum insured. A family floater covers the whole family under one shared sum insured, which is usually more cost-effective for young families. As parents age, a separate senior-citizen plan often makes sense.
What to check before buying
Look beyond the premium: check the network of cashless hospitals, room-rent limits, waiting periods for pre-existing conditions, co-payment clauses, and the insurer's claim-settlement track record. As an authorised partner of Star Health Insurance, we help you compare these details and choose cover that fits your family and budget.
The best time to buy health insurance is while you are healthy — premiums are lower and fewer conditions are excluded. Waiting until you need it is the most expensive mistake of all.
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Insurance is the subject matter of solicitation. This article is for general educational purposes and is not personalised financial advice.
