Newly Married? Make These Key Changes in Your Health Insurance Policy

Marriage is an important milestone that brings about many changes in a couple's lifestyle, responsibilities, and finances. If you have recently tied the knot and are reviewing your savings and investments, remember to update your health insurance policy to reflect this significant life change. Read on to learn about the adjustments you must make to your healthcare plan after marriage.

Important adjustments to your health insurance plan after marriage

The following are some essential adjustments you must make to your health insurance plan after marriage -

1. Add your spouse to your health plan: If you are covered under health insurance, you can add your spouse to the existing plan by filling out the form and submitting the required documents. These include your marriage certificate and the KYC documents of your spouse, such as his/her identity proof, age proof, and photographs.

The insurer will add your spouse to the existing health plan at the time of policy renewal. When you add your spouse, your individual health plan will become a family floater, and the policy premium will be adjusted accordingly.

2. Review policy coverage: After adding your spouse to your health plan, carefully review your health insurance coverage. Consider any necessary adjustments based on your spouse's medical history and healthcare needs. This will ensure appropriate protection for both of you.

3. Consider add-on covers: Maternity cover is an essential add-on to consider after marriage. You can also evaluate other options, like top-up coverage and critical illness coverage, based on your healthcare requirements.

4. Opt for another insurance provider: If you are unhappy with the family floater coverage your current insurer offers, you can consider porting your plan to another insurer.

Health insurance for family

Health insurance is a valuable investment for families. It covers a range of medical expenses of the insured members and saves them from using up all their savings. The following are the features of a family health insurance policy -

1. Covered members: A family floater covers the policyholder, his/her spouse, dependent children, and parents.
2. Coverage: A family healthcare policy covers hospital bills, pre- and post-hospitalisation expenses, home healthcare, daycare procedures, organ donor expenses, alternative treatments, and more.
3. Sum insured: Since the policy covers more than one member, the sum insured is higher than individual health insurance plans. Any covered member can use the sum insured to cover his/her medical bills.
4. Premiums: A family floater is more economical than individual health plans.
5. Cashless hospitalisation: The covered members can opt for cashless treatment at any network hospital of the insurer.
6. Add-on covers: Policyholders can enhance the coverage of a family health plan with essential add-ons. These include critical illness cover, personal accident cover, maternity cover, etc.

Conclusion

Health insurance ensures quality healthcare and financial security during medical emergencies. Hence, when you get married, remember to add your spouse to your existing health plan to take care of his/her healthcare needs. If you are not covered under a health insurance policy, invest in one without delay.

Also Read:

• How Do You Add a Spouse to Health Insurance?
• Who Cannot Be Covered Under A Family Floater Policy?
• Why should you buy a family health insurance policy
• Does Health Insurance Really Benefit Your Family?
• How Family Size Affects Health Insurance Cost