How do I increase my sum assured on New India Health Insurance?

prajna_bhat

I have a new India health insurance policy with a sum assured of Rs. 5 lakhs. I want to increase my sum assured to Rs. 10 lakhs. How can I do this? Is it possible to do this online? How much will it cost me? I am a 26-year-old male. Any suggestions are welcome.

Shishti584

There are various ways you can increase your sum assured in a new India health insurance policy. Here are some of them:

Evaluate your Existing Coverage: Before planning to increase your sum assured, it is important to review your current health insurance coverage. You may look at your existing coverage, its timeline and exclusions, and think of extra/additional coverages you may need as per your changing lifestyle & health-care needs.
Understand Your Coverage Limits: Knowing your coverage limits is very important before you decide to increase your sum assured. All insurance policies come with maximum coverage limits and you have to check if the policy you intend to increase will exceed the coverage limit of your present policy.
Review Your Health-care Needs & Risk Profile: Reviewing your health-care needs and risk profile would help you decide the coverage amount that you require. With the advantage of knowing your health-care needs and risk profile, you can better estimate the coverage amount necessary for your health-care needs.
Check The Riders and Add-ons Available in Your Policy: One of the ways to increase the sum assured in a New India health insurance policy is by opting for health insurance riders and add-ons available. You can consider riders like critical illness cover, personal accident cover, or any other rider or add-on cover as per your requirement and increase your sum assured.
Look For Other Insurance Plans: If you feel the coverage limit or the riders/add-ons of your existing policy might not be enough, look for other options available in the market and compare different health insurance plans. You may choose to switch your existing plan and opt for a plan with sufficient coverage limit and riders & add-ons, for any unforeseen events.
Bonus and Discount Offers: Once you decide your coverage limit, look for insurance companies offering bonus and discount offers. This helps in offsetting the cost of the policy and keeps your budget in check.

You can follow the above steps to increase the sum assured in your New India health insurance policy. However, it is advisable to always evaluate the plan and compare with other insurance providers before making the decision.

I hope this helps.

angrygorilla

If you're looking to increase your sum assured with New India health insurance, there are a few steps you can take. Here's what you can do:

• Compare different plans: Different plans offered by New India Assurance will have different sum assured amounts. You can compare the available plans on their website and choose the one that suits your needs best.

• Raise your deductible: Increasing your deductible is another way to increase your sum assured amount. A deductible is the amount you agree to pay out of pocket before the insurer pays its share. You can raise your deductible so that the insurer agrees to a higher sum assured amount.

• Opt for a Policy Rider: Policy riders are add-on covers that you can choose to add to your policy. They come with an additional premium and can provide increased sum assured amounts for specific health-related purposes.

• Claims history: Having a good claims history with New India will also make them more likely to increase your sum assured amount. This is because the insurer can track your past claims and see that there is a lower risk of needing to pay out more money in the future.

• Make healthier lifestyle changes: Making healthier lifestyle choices such as quitting smoking and excessive drinking can also help you get a higher sum assured amount. The healthier you are, the lower the risk of medical complications and the higher sum assured the insurer is likely to offer.

Dharun667

Increasing your sum assured in a health insurance plan is a wise decision and one which can give you and your family financial security in case of any unexpected medical emergency. Here's how you can go about increasing your sum assured in New India Health Insurance:

Check out rider benefits: Many New India Health Insurance plans come with add-on benefit riders such as critical illness cover, hospital cash cover and personal accident cover. These riders can increase your sum assured significantly and can be added at an additional cost.
Opt for family floater cover: Family floater plans cover all members of the family under one policy and have higher sum assured options so it’s a great way to enhance your coverage.
Aggregate cover for members of family: You can buy policies for each individual in your family separately and in that way, increase your sum assured.
Enhance coverage with top-up plans: If you already have a health insurance policy, you can enhance your coverage with a top-up plan.
Upgrade existing policy: Many health insurance companies, including New India, provide their customers with the option to upgrade their existing policy and thereby, increase their sum assured.

We hope this answer helps! For more information on how to increase your sum assured with New India Health Insurance, check out this link -
https://www.newindia.co.in/health-insurance/increase-sum-assured.

Amol440

If you want to increase your health insurance sum assured, you will have to go for a higher coverage plan or option to increase the coverage. You can consider the following points to increase your sum assured:

Choose a higher plan of health insurance: You can consider upgrading your health insurance plan to a higher premium one which will provide you with a higher coverage and higher sum assured. Make sure you also compare plans beforehand to get the right plan for your needs.
Add add-ons or riders to your existing plan: Some plans offer additional riders and add-ons that can help you increase your sum assured. Investigate the riders available and compare them with your needs to decide which rider would give you the best return.
Always review your insurance portfolio regularly: It is important to review your health insurance portfolio regularly. Things like changing lifestyle, new family members added or job change may affect your health insurance needs and you should always review your health insurance portfolio accordingly.

You can also reach out to New India Assurance health insurance support team for any further queries or assistance in increasing your sum insured.

You may also read this helpful article for more information:
https://www.policybazaar.com/insurance-companies/new-india-assurance-health-insurance/increase-sum-insured-new-india-assurance-medical-insurance/

Upkaar117

There are a few steps you can take to increase your sum assured in New India health insurance:

1.Research about plans- Have a look at New India health insurance plans to understand their features and understand the sum assured options. Check if the insurer has a rider option to enhance the sum assured or any packages which can provide additional coverage.

2.Carefully choose premium - To increase your sum assured, you must look for a plan with a higher premium. The amount of sum assured a plan offers largely depends on the premium you are willing to pay.

3.Include family members - If you have family members, you can include them in your policy to increase the sum assured. New India health insurance offers family floater plans that provide a higher sum assured at a reasonable premium rate.

4.Opt for riders- If you have need for coverage of additional treatments or higher sum assured, you can opt for riders offered by New India health insurance. The sum assured can be boosted with riders such as critical illness cover, personal accident cover, etc.

I hope this helps!