Why Reviewing Your Health Policy Matters By Rakesh Jain

Published By: The Pioneer ​

Published Date: NA

Adequate health insurance coverage is crucial to keeping up with rising medical inflation and the prevalence of several diseases. Rakesh Jain, CEO of Reliance General Insurance, reflects on how to review your policy and its importance. He provides some key factors to consider while reviewing your policy to ensure adequate coverage for medical expenses.

• 1. L​ocation: Rakesh Jain explains how your place of residence contributes to treatment costs. He urges policyholders to factor in the average hospitalisation cost in their city when reviewing.
• ​ 2. Living Standards: He highlights how your living standards influence treatment preferences. Thus, they should also be considered while reviewing the coverage.
• 3. Number of Insured: He mentions that if you want adequate coverage for all your family members simultaneously, your sum insured should support it.