Published on May 24, 2025
Corporate health insurance is a valuable perk, but is it enough to cover all your medical needs? Let's delve into why relying solely on your employer's health plan might leave you underinsured.
Most corporate health plans offer a sum insured ranging from ₹2 to ₹5 lakhs. Considering the rising medical costs, especially for critical illnesses, this amount may cover only a fraction of the expenses.
Some group policies include co-payment clauses, requiring you to pay a percentage of the medical bill. This can lead to significant out-of-pocket expenses during hospitalization.
Corporate policies often have room rent caps. Opting for a room beyond this limit means you'll bear the additional costs, which can be substantial in premium hospitals.
Corporate health insurance is tied to your employment. Changing jobs or facing layoffs can result in the loss of coverage, leaving you vulnerable during transitions.
Upon retirement, corporate health benefits cease. Securing a new policy at an older age can be challenging and more expensive, especially with pre-existing conditions.
While corporate health insurance is beneficial, it's prudent to have an individual health policy to ensure comprehensive coverage, portability, and peace of mind.
