Topic 3: Changes You Need To Make To Your Insurance Plans after Marriage

One of the factors that you definitely need to focus on after your marriage is getting or modifying your health insurance to include spouse and secure your path ahead. After all, getting the right health insurance policy for your new family is a crucial part of your overall risk management.

Some of the factors you need to consider while modifying your health insurance post marriage include:

Compare Plans By Different Health Providers
There are a number of insurance providers available in India today. Each of them offer plans with different benefits. You should first make sure to explore all your possible health insurance policy options, concentrating on those that offer cover for your spouse and future children. The easiest way to go about this is to go on insurance broking portals like Coverfox, that help you compare health insurance plans from over 40 insurance providers.

Re-evaluate Your Existing Health Insurance Policy
Your next step in this process should be to reevaluate your current health insurance policy. In case you are dependent on a health insurance plan provided by your employer, it may be time to shift to an individual health insurance plan or a family health insurance policy. It is important for you to evaluate the scope and extent of your existing policy and take the relevant steps to enhance it. You should also look into your spouse’s existing health insurance policy and make the required changes.

Check Your And Your Partner’s Health Requirements
After marriage you share everything with your spouse. That is why your health insurance policy’s benefits should also reflect the health requirements of both you and your spouse. You should evaluate both your requirements and adjust your health plan accordingly.

Get a Family Health Insurance Plan
If expanding your family is the plan, you should look into a family floater policy. With this you can add your spouse and other financially dependent members of your family such as elderly parents and future children. This type of health insurance policy covers the health requirements of your loved ones as part of a single plan. However, you can still consider of purchasing Individual Health Insurance Plan. You can also avail tax benefits under Section 80 D of the Income Tax Act. These are the most important factors you need to consider while buying health insurance after getting married. By doing so, you can show your commitment to take care of the health and well-being of your spouse and the future you will build
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