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11.0%First documentWhat is Cashless Treatment and How Does It Work?Open original ↗
Second documentWhat's the Right Age to Buy a Health Insurance Plan in India?Open original ↗
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Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.
Glossary
Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.
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When Should You Buy Health Insurance?
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Other Insurance Plans to Consider
For health insurance, the rule of thumb is to have coverage of about 50% of your annual income. If your yearly income is ₹12 lakh, your health insurance policy should provide coverage of at least ₹6 lakh.
1. Check the Sum Insured
The golden rule of thumb says that insurance should cover at least 10 to 15 months of your salary. For example, if your income is ₹1 lakh a month, then the ideal health cover would be ₹10 lakh.