Relying solely on corporate health insurance plan can impact your finances

Supplement it with a retail plan with adequate sum insured, and no room rent or disease-wise capping

A recent study of over 2,000 corporate health insurance policies by PolicyBazaar found that they come with a number of limitations. While an employer-provided cover can serve as a valuable first line of defence, employees should not rely on it alone.

Key deficiencies

Room rent capping: The Policybazaar.com study found that 12 per cent policies impose a room rent cap equivalent to 1 per cent of sum insured, while another 48 per cent limit the room rent at Rs 5,000 per night.

If a corporate policy offers a sum insured of Rs 3 lakh and imposes a room rent cap