Harsh's views on Unit Linked Health Insurance Policies, June 8, 2010

You should first cover yourself fully for all risks. Employer policies are currently changing frequently with the premiums going up every year as a result of which it is possible that the policy may continue in the future only with reduced benefits and or may even be discontinued. Also the amount of coverage may be insufficient for your needs. Also when you retire at which time getting a fresh policy may be more difficult just when you need it the most. You will loose coverage if you switch jobs. Hence it is advisable that you have your own mediclaim policy for yourself and the family. If the full deduction limit for tax is not reached even after being adequately covered then you can consider buying a risk policy as provided in the first answer and only if you still want to make still more investments than you should consider the ULHPs.

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Ms. Bienu Vaghela

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Bienu.vaghela@apnapaisa.com

 

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