INTERVIEW QUESTIONS INSURANCE HEALTH INSURANCE DETAILS

Question: Is 5 Lakhs a good amount for health insurance? How much health insurance should I have ideally?

Answer: There is no one fixed amount or a minimum threshold limit on the amount you should have as health insurance. Health insurance is a very individual centric product and the overall cover will depend on your health, your age, your risk factors, your geographical location and your financial plan. Mostly people have health covers ranging between Rs. 5 to Rs. 10 Lakhs irrespective of their age, earnings and risk factors. While a cover of Rs. 10 Lakhs may be sufficient for a general health ailment, treatment of any critical illness is likely to surpass that amount easily leaving you vulnerable.

There is no one fixed amount or a minimum threshold limit on the amount you should have as health insurance. Health insurance is a very individual centric product and the overall cover will depend on your health, your age, your risk factors, your geographical location and your financial plan. Mostly people have health covers ranging between Rs. 5 to Rs. 10 Lakhs irrespective of their age, earnings and risk factors. While a cover of Rs. 10 Lakhs may be sufficient for a general health ailment, treatment of any critical illness is likely to surpass that amount easily leaving you vulnerable. Source: CoolInterview.com

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