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Health insurance: Should one go for disease-specific cover or a regular policy

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  • Health insurance: Should one go for disease-specific cover or a regular policy

    Insurance companies are gradually warming up to the idea of offering specially-designed health insurance policies to individuals with health conditions such as diabetes and hypertension, among others.

    Recently, standalone health insurer Apollo Munich launched a health insurance plan specifically targeted at individuals suffering from diabetes and hypertension, among other conditions.

    In August, New India Assurance had announced that it would not charge additional premium for those suffering from diabetes and hypertension at the time of buying its regular policy. Star Health had introduced products aimed at HIVpositive individuals and those suffering from diabetes much earlier.

    However, the big question is whether one should sign up for these special plans or settle for regular insurance plans with extra premium and/or restrictions on pre-existing diseases. "Illness-specific plans are not meant to cover those who can obtain regular covers. Only those insurance-seekers who are not eligible for regular health policies will evince interest in them," Antony Jacob, CEO, Apollo Munich Insurance.

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  • #2
    What country are you living in, Robby? In the US , new laws prevent insurance companies from considering pre-existing conditions when issuing new policies...

    Jan, 1975: Right I/O, followed by RPLND
    Dec, 2009: Left I/O, followed by 3xBEP