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How Can I Get Health Insurance with No Job? Research Team | Posted On Thursday, August 01,2019, 06:08 PM

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How Can I Get Health Insurance with No Job?



The health insurance plan is fast getting popular in India. Although the public health care services offer basic healthcare to all, treatment at public hospitals is inadequate and may be of poor quality.

People are turning to private hospitals which offer professional care and better facilities. To reduce the financial burden and help avail quality treatment at private hospitals, avail health insurance at affordable premiums.  

You can avail a health insurance policy, to cover hospitalization and expensive medical treatment. However, the policyholder must be above 18 years of age. You can avail the health insurance plan, if you are a small businessman, organized sector worker or even an unorganized sector employee.

The insurer issues a health insurance policy to any person in good health, provided he/she is able to pay the premiums within the due date. If you are unable to pay the insurance premium within due date + grace period, your policy is nullified. Availing health insurance does not depend on the job status, but the regularity of premium payments.

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How Can I Get Health Insurance with No Job?

While Availing Personal Health Insurance You Need to Address the Following Issues:

  • What is your budget and how much cover do you need?
  • Who will the plan cover- only self or family?
  • What are the benefits of the plan – in-built features and inclusions of your health insurance policy?
  • What are your needs and the insurance requirements of your family?
  • You must also compare the health insurance plans online and look for the ones which have good customer reviews.
  • Check if the insurer is reliable and has good market reputation vis-a-vis settling claims.
  • What are the additional riders offered by the insurer, the grace period and the renewal options?

See Also: How to Buy Health Insurance Policy?

Why You Should Not Depend on Your Employer’s Health Insurance?

An individual health insurance plan helps enjoy the benefits of health insurance at all times, be it a gap between jobs or a job switch or even during your retirement. 

Company health insurance comes with certain restrictions and cannot be carried on to the next company. (Cover ends when you quit the job).

If you are salaried, then you may enjoy health insurance cover from the employer; however, the company health insurance plan proves insufficient and ceases to exist after a job change.

Company health insurance doesn’t offer comprehensive coverage unlike personal health insurance plans. Company health insurance plans change from time to time, affecting coverage. Company health insurance plan does not offer insurance cover during a job switch or probation.

See Also: 4 Insurance Plans You Must Have

Listed Below are Some of the Instances When a Job Insurance Cover Does Not help:

  • Unemployment due to an accident.
  • Unemployment during the probation period.
  • Unemployment due to early retirement.
  • Loss of job due to a severe illness.
  • Loss of job due to termination or suspension.

Why You Need a Personalized Health Insurance Cover?

You should not depend only on the health insurance plan offered by your employer. People take Company Health Insurance for granted and depend on it for medical emergencies. However, these insurance plans fail to offer comprehensive health coverage and are inadequate vis-a-vis health-related problems.

Therefore, you must avail a personal health insurance plan to shield your family against ailments and avoid paying high medical bills, when your company insurance expires. It helps reduce out-of-pocket expenses and avail quality treatment at the best hospitals.

See Also: Family Health Insurance Plan

You can also add riders like critical illness rider, daily cash benefit rider and so on. The ever soaring cost of healthcare in India can only be countered, when you have a personalized health insurance plan in place, which provides adequate cover and reduce out-of-pocket expenditure. 

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