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This video talks about the importance of having an individual health cover in place. We have Mr. Vivek Law from The Money Mile, talking about health plan for individuals. He states that a lot of people in today’s time only rely on the Group mediclaim or Corporate cover which is provided to them by their current employers. However, as one can face uncertain scenarios with respect to their job uncertainty at workplace or shifting to a different job which can lead to changes in your Corporate health plan as per the company policy. Hence, it’s advisable to have an individual health plan in place even after having a group mediclaim cover.
Furthermore, in today’s time where health expenses are rising steadily, it is not safe to just rely on one policy. Even though a group mediclaim cover comes at a much lower cost that an individual health plan, one should have a separate health insurance plan and not just rely on GMC. Ideally, a group mediclaim combined with an individual health policy
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