Health insurance is an important part of your financial planning as one needs a proper healthcare from a preferred hospital, specialised doctors to modern infrastructure.

There’s a high chance for working professionals to have at least two health insurance policies, one offered by the employer and the ongoing individual or a family floater plan. Group health policy is offered to employees by a corporation, whereas, individual and floater plans are purchased in a personal capacity.

A few corporations do provide the option to opt-out from the group policy if you already own a health plan, but it does not necessarily mean that you should. The insurance regulator, IRDAI guarantees policyholders to claim benefits from numerous insurers by ensuring expenses are covered without duplication.

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