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I am already covered by my Employer in a Group Mediclaim policy, do I need to buy a separate policy? In case of a claim will I get paid from both policies?

Its good that your employer covers you under a group mediclaim but generally the SI of such policies is very low. This amount seems to be insufficient in todays scenario where the cost of treatment is increasing every year.

Most of the group mediclaim policies has clauses of co-pay and deductibles built in and due to these the insured has to pay from his pocket.

There are times when you change job and then you get covered under a new policy. As a result of this insured losses on his pre-existing benefit that he has accrued over the period.

There is always a time gap between joining a new job when the individual and his family is not covered. This makes them susceptible to risk situation

The insured might even think of starting his own business and this he and his family will no longer be covered under any insurance policy.

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