Changing jobs? Convert group health cover to individual plan

APPLY AT LEAST 30 DAYS BEFORE GROUP POLICY EXPIRES FOR CONTINUED COVER

- SAIKAT NEOGI

CONVERTING THE GROUP health insurance policy to an individual cover policy is a smart move for those facing a career transition or retirement. It will ensure continued coverage, protect against preexisting diseases and safeguard from the financial risk of coverage gap.

The individual can increase the sum insured, include riders like outpatient department (OPD) cover and add a super top-up for a comprehensive cover. Converting the cover will prevent the individual from the hassles of undergoing medical screening and start a fresh waiting period, typically two to four years, for any chronic conditions like diabetes, hypertension, etc.

How to convert