By Anup Bansal
You would have heard health is wealth, but as you move ahead in your 40s, this proverb becomes more realistic. In your 40s, you are more susceptible to the possibility of critical illnesses compared to your 20s and 30s. This increases your medical expenses, and if you haven’t planned for this uncertainty beforehand, it can drain your savings and investments. Thus, you not only require health insurance but adequate health insurance coverage.
As you grow older, your health insurance premium increases, especially if the sum covered is large and you have certain medical conditions.
However, a great solution here is to get top-up insurance on your/employer-provided health insurance. Here is everything you need to understand about this and its benefits.
|Your existing health insurance||Rs. 10 lakh|
|Health top-up insurance||Rs. 30 lakh|
|Health top-up deductible||Rs. 10 lakh|
|Medical bill||Rs. 20 lakh|