Health Insurance cover amount needs to be calculated keeping in my mind various factors. Existing policies and possible health care costs need to be taken into account. Accordingly all these policies should be brought into consideration so as to save on premium cost and exit from unnecessary coverage.
There are many who have adequate Insurance coverage in India. Most are either under insured or over insured. Some have just one policy while others have numbers that go into double digits. Ad hoc financial planning can prove to be disastrous with the realization coming post retirement.
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