Should You Port Your Health Insurance After Marriage?
The lives of both partners undergo a serious and drastic change after marriage in all facets, and a health insurance plan is no exception. After marriage, it becomes the responsibility of both partners to cater to the health needs of the family. With rising health care costs and the occurrence of life-threatening diseases, it becomes much essential to enjoy adequate health insurance. And married people should include their spouse to be a part of their insurance to enjoy extensive coverage.
Should You Port Your Health Insurance After Marriage?
Family health insurance plans help to cover multiple people from the same family under one comprehensive plan. After marriage, the family structure changes fundamentally, and responsibility grows towards the partner. And it is mandatory to port health insurance as well to manage the financial portfolio of the family. There are several ways to port health insurance after marriage.
1. Family Floater Plans
A family floater health insurance plan is an extensive plan that extends the scope of insurance coverage to the entire family, rather than just the individual. Under this plan, it is possible to get the family members, including spouse and children covered. It offers better benefits at a higher coverage for self and spouse under one policy, and are available at lower premium costs. It also renders other benefits such as newborn baby cover, maternity cover, etc.
2. Including Spouse in the Existing Policy
Including the spouse in the policy is the best way to increase the cover anytime, by paying a nominal premium. The policyholder can add their spouse as the beneficiary by submitting necessary documents such as marriage certificate and other KYC documents such as address proof and age proof with necessary photographs. The details will be added from the next renewal along with the need to pay a prorated premium. When the insurer adds their spouse to the existing insurance plan, it will become easy to add the future kids to the plan easily.
Importance of Porting the Health Insurance Plan After Marriage:
There are many advantages of porting a health insurance planafter marriage as one should equip the policy to render extensive coverage to their wife and future children. Some good reasons why porting the insurance after the marriage is important are as follows,
- Covering the spouse under health insurance can come to cover complex heredity problems such as cancers, stroke, hypertension, diabetes, etc.
- Porting health insurance can help to cover maternity costs, as it covers pre and post-natal costs up to 90 days.
- A comprehensive health insurance plan serves as an important tax-saving tool.
- Adding the spouse to the health policy increases the sum of coverage.
- Porting to a family floater plan can help in covering self, spouse, dependent parents, and children under a single insurance umbrella.
Final Thoughts
Porting to the right insurance plan helps in combating a series of illnesses that can affect both self and partner with adequate financial coverage. Porting from an individual to a family health insurance plan in India is easy, and can be accomplished by submitting the desired documents and by informing the insurer in advance.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.
