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How much health insurance do you need?

The minimum health cover recommended has gone up from Rs 5 lakh to Rs 10 lakh since the COVID-19 pandemic set in. The ideal cover, however, depends on several factors, starting with where you live. Read on to find out what they are.

September 02, 2022 / 10:48 AM IST

The unprecedented health and economic crisis unleashed by the COVID-19 pandemic has changed many an assumption about health insurance.

Many individuals today have realised the risk of relying solely on employer-provided group health insurance policies. Likewise, the inadequacy of Rs 5 lakh covers.

Moneycontrol has, over the last two years, underlined the importance of having an adequate, independent health insurance policy in place, irrespective of how old you are now. Not only in the context of COVID-19, but also to safeguard your finances against critical illnesses that can run up huge hospitalisation bills.

As we unveil our marquee Moneycontrol-SecureNow Health Insurance Ratings to help you choose the best policy, here’s the lowdown on accurately assessing your health insurance needs and selecting the sum insured that suits your requirements the best.