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Medical health insurance protection also needs to be hiked periodically to maintain tempo with medical inflation, or improve in healthcare prices
Similar to investments, your insurance coverage portfolio too wants an annual check-up. Yearly, it’s best to assess if the present protection quantity is sufficient, and in concord with the medical inflation.
And it’s best to consider whether or not porting to a brand new coverage that provides the most recent, improved options can be good for you or not.
Time period insurance coverage
Growing time period insurance coverage protection is advisable within the following conditions: One, if there was a rise within the variety of dependants attributable to marriage or the beginning of a kid; two, if liabilities, akin to a house mortgage, have elevated; and three,
First Revealed: Apr 08 2024 | 2:30 PM IST
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