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What if my private company has provided me health and term insurance of good amounts? Shall I still buy the personal insurance now or wait for some years until I quit the company and then buy the personal health and term insurance?
What if my private company has provided me health and term insurance of good amounts? Shall I still buy the personal insurance now or wait for some years until I quit the company and then buy the personal health and term insurance?
Shailesh Kumar, Co-founder, Insurance Samadhan
Answered on May 05,2022
Answered on May 05,2022
Your group insurance is a rented property . You have it till you are part of group . You will be left uninsured the day you leave or asked to leave the group .
Which private Corporate would keep you in job if any unfortunate illness happens . They would keep you for 6 months .
Hence it is always advised to own Term and Health insurance on your own .
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