Plan and Make a Difference to Your Child's Future

Many people assume that if they have health insurance through their employer, they are fully covered for all their healthcare needs. While having a company-provided mediclaim policy is certainly a valuable benefit, it may not provide sufficient coverage for certain health expenses. In this article, we'll explore the reasons why you may need additional health insurance, even if you are covered by your company's mediclaim.

1. Limited coverage: Company-provided mediclaim policies typically have limits on coverage, such as the maximum amount that can be reimbursed or the types of treatments that are covered. In some cases, these limits may not be sufficient to cover the full cost of certain medical treatments or procedures.
2. Pre-existing conditions: Most mediclaim policies provided by employers come with a waiting period, during which pre-existing conditions are not covered. If you have a pre-existing condition or a family history of a particular health condition, you may want to consider additional insurance to ensure that you're covered for these conditions.
3. Tax benefits: Additional health insurance policies, such as critical illness or personal accident insurance, can provide tax benefits beyond what is available through a company-provided mediclaim policy. Investing in these policies can help you save on taxes while also providing valuable coverage.
4. Portability: Company-provided mediclaim policies may not be portable, meaning that if you leave your job, you lose your coverage. By purchasing additional health insurance, you can ensure that you have coverage regardless of your employment status.