Coverage depends upon the medical history of all the family members.
1. If you leave this company in future, you will loose all the medical cover and most importantly your parents cover. I am not sure about their age but - Will they get medical cover from the market at this age?
2. If you get new medical cover, will they cover pre - existing diseases?
3. If you work in the same organization till retirement - Will you get medical cover @ 60 years for yourself? This will be minus pre-existing diseases.
The premium paid is less due to group health policy.Can't I go for an health insurance only in case, if my current employer is not covering the health cover?
Note, unlike other insurance, the premium for health insurance will be reviewed periodically and generally, the insurance amount paid through company is less than the amount to be paid personally(when going seperately) and additionally all diseases are covered from day one, when we go through company unlike, unlike personal one.
I know, its little bit too much of questions. :-(
Thanks
Sunil Kumar
If some disease happens in current time period (age 30-45-50 years) e.g. heart problem, It will become pre - existing diseases and won't be covered for 4 years.