Health Insurance : Cover Rs. 5 lakh, Premium Rs. 15,000 per year

The need for health cover is obvious in times of floods when the threat of epidemic looms large, but it is a must-have policy even otherwise.
“With rising healthcare costs and increasing incidence of lifestyle diseases, you must buy this cover for yourself & your family , especially once you cross the age of 35 to 45 years.

Most health insurers insist on medical tests post the age of 45 and hence, buying this cover by 40 makes a lot of sense.
.Buy this policy even if you are covered by your employer's group health cover.
At this age, you should buy a cover of at Rs. 5 lakh, which can be enleast hanced to Rs 12 lakh to Rs.15 lakh over the next 8 to 10 years.

For this age group, the annual premiums could be in the range of Rs. 15,000 to Rs.17,500. 
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