Optimizing Employee Health Insurance Policy: Insights on Coverage and Evaluation

Hi,

In our company, the Sum Insured for Health Insurance Policy is only Rs. 12,000 for a year. We would like to increase this amount. Can I be suggested what should be the minimum amount for a health insurance policy for employees?

Regards,
Poonam

Dear Poonam,

The sum insured of Rs. 12,000/- is very low. There is no specific criteria for the minimum amount, but considering the current social and economic scenario, any medical insurance between Rs. 50,000 to 1 lakh should be adequate. Medical insurance has also become more affordable now. Feel free to call me at 9321337650, and I can help you find a more cost-effective medical policy.

Regards,
Ravi

Hi Poonam,

With the rate of medical inflation being at 22-25% per annum, I can assure you that serious ailments and complicated surgeries will not be covered in this amount. I request that you conduct a benchmarking study through a professional insurance expert on the cost of treatments and benefits provided among competitor organizations to arrive at an appropriate level of insurance cover.

Do let me know if you need any further details.

Regards, Deepak