Health Insurance
I went through your insurance special report published in the last issue, titled ‘Be Financially Prepared for any Critical Illness’ and it was quite insightful. I am in a dilemma whether I should buy a critical illness policy or my current health insurance policy will be enough as I haven’t been diagnosed with any critical illness and neither there is any family history of the same.
Bhavik Jain
Editor Responds : An individual should possess a basic insurance portfolio which includes a life insurance policy, health insurance policy, homeowner insurance policy, motor vehicle insurance and disability insurance policy. If you have no diagnosis of any critical illness nor there is any family history then the health insurance policy is enough as it covers some basic critical illnesses. And in the future, if there is a diagnosis of any critical illness then you can buy a critical illness policy separately and the claim will be subject to the terms and conditions of the policy