I work for a private firm, and the group mediclaim insurance of ₹3 lakh covers me, my wife and children.
To enhance my group cover, can I buy a cover of ₹3-5 lakh or a top-up plan, which is cheaper but at the same time complements my group cover? -Name withheld on request A group mediclaim floater policy essentially covers the insured and his family.
As you and your family are already covered under a group mediclaim of ₹3 lakh, you can go for a top-up cover with a deductible of ₹3 lakh.
This will enable you to get a policy cover of a higher sum insured at a much lower premium. Minor hospitalisation expenses can be covered under your group mediclaim and a claim that arises exceeding ₹3 lakh would be taken care of by the top-up health